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Champion Real Estate Investment Trust (HKSE:02778) Cyclically Adjusted Price-to-FCF : 6.35 (As of Jun. 08, 2024)


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What is Champion Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Champion Real Estate Investment Trust's current share price is HK$1.65. Champion Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.26. Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 6.35.

The historical rank and industry rank for Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:02778' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.81   Med: 18.28   Max: 55.18
Current: 6.26

During the past 13 years, Champion Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 55.18. The lowest was 5.81. And the median was 18.28.

HKSE:02778's Cyclically Adjusted Price-to-FCF is ranked better than
77.12% of 389 companies
in the REITs industry
Industry Median: 11.47 vs HKSE:02778: 6.26

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Champion Real Estate Investment Trust's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.194. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is HK$0.26 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Champion Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Champion Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Champion Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.86 17.80 15.39 11.86 9.35

Champion Real Estate Investment Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.39 - 11.86 - 9.35

Competitive Comparison of Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Champion Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.65/0.26
=6.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Champion Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Champion Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.194/117.2957*117.2957
=0.194

Current CPI (Dec23) = 117.2957.

Champion Real Estate Investment Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.221 99.707 0.260
201512 0.209 102.015 0.240
201612 0.237 103.225 0.269
201712 0.276 104.984 0.308
201812 0.287 107.622 0.313
201912 0.340 110.700 0.360
202012 0.182 109.711 0.195
202112 0.252 112.349 0.263
202212 0.212 114.548 0.217
202312 0.194 117.296 0.194

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Champion Real Estate Investment Trust  (HKSE:02778) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Champion Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Champion Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Champion Real Estate Investment Trust (HKSE:02778) Business Description

Traded in Other Exchanges
Address
Great Eagle Centre, 23 Harbour Road, Suite 3008, 30th Floor, Wanchai, Hong Kong, HKG
Champion Real Estate Investment Trust, or Champion REIT, owns and invests in income-producing office and retail properties, with a focus on Grade A commercial properties in prime locations. In Hong Kong, the trust holds two assets in Three Garden Road in the central business district and the retail and office components of Langham Place in Mong Kok. Great Eagle Holdings listed Champion REIT with a 91.5% stake in Three Garden Road in 2006 and injected the Langham Place office and retail portions into the trust in 2008. The trust acquired the remaining stake in Three Garden Road and unified ownership of the property in 2013. Great Eagle Holdings retains a 68.3% stake in Champion REIT. In 2021, the trust entered into a joint venture to acquire a 27% stake in 66 Shoe Lane in London.
Executives
Great Eagle Holdings Limited 2201 Interest of corporation controlled by you
Lo Ka Shui 2201 Interest of corporation controlled by you
Eagle Asset Management (cp) Limited 2101 Beneficial owner
Hsbc International Trustee Limited 2301 Trustee

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