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Tianjin Port Development Holdings (HKSE:03382) Cyclically Adjusted Price-to-FCF : 2.31 (As of Jun. 10, 2024)


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What is Tianjin Port Development Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Tianjin Port Development Holdings's current share price is HK$0.67. Tianjin Port Development Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.29. Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF for today is 2.31.

The historical rank and industry rank for Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:03382' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.6   Med: 4.56   Max: 125
Current: 2.3

During the past 13 years, Tianjin Port Development Holdings's highest Cyclically Adjusted Price-to-FCF was 125.00. The lowest was 1.60. And the median was 4.56.

HKSE:03382's Cyclically Adjusted Price-to-FCF is ranked better than
94.17% of 429 companies
in the Transportation industry
Industry Median: 17.79 vs HKSE:03382: 2.30

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.

Tianjin Port Development Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.272. 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$0.29 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tianjin Port Development Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tianjin Port Development Holdings'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.

Tianjin Port Development Holdings Cyclically Adjusted Price-to-FCF Chart

Tianjin Port Development Holdings 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 4.25 3.39 3.19 2.59 1.60

Tianjin Port Development Holdings 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 3.19 - 2.59 - 1.60

Competitive Comparison of Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Tianjin Port Development Holdings'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.


Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF falls into.



Tianjin Port Development Holdings 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.

Tianjin Port Development Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.67/0.29
=2.31

* 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.

Tianjin Port Development Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Tianjin Port Development Holdings'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)
=0.272/117.2957*117.2957
=0.272

Current CPI (Dec23) = 117.2957.

Tianjin Port Development Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.122 99.707 0.144
201512 0.199 102.015 0.229
201612 0.333 103.225 0.378
201712 0.200 104.984 0.223
201812 0.337 107.622 0.367
201912 0.236 110.700 0.250
202012 0.328 109.711 0.351
202112 0.389 112.349 0.406
202212 0.282 114.548 0.289
202312 0.272 117.296 0.272

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.


Tianjin Port Development Holdings  (HKSE:03382) 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.


Tianjin Port Development Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Tianjin Port Development Holdings (HKSE:03382) Business Description

Traded in Other Exchanges
Address
Times Square, 1 Matheson Street, Suite 3904-3907, 39th Floor, Tower Two, Causeway Bay, Hong Kong, HKG
Tianjin Port Development Holdings Ltd is a transportation and logistics company that operates the Tianjin Port in the People's Republic of China. The company organizes itself into three segments: non-containerised and container cargo handling, sales, and other port ancillary services. The cargo handling segment, which generates the majority of revenue, handles both container and non-container cargo. Sales, the next most significant segment, sells fuel and other supplies and materials. Other port ancillary services include tugboat services, agency services, tallying, and other services.
Executives
Teda Investment Holding Co., Ltd.
Tsinlien Group Company Limited
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si
Tianjin Teda Investment Holding Co., Ltd. 2201 Interest of corporation controlled by you

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