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Legend Holdings (HKSE:03396) Cyclically Adjusted Price-to-FCF : 2.26 (As of Jun. 10, 2024)


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What is Legend Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Legend Holdings's current share price is HK$6.44. Legend Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$2.85. Legend Holdings's Cyclically Adjusted Price-to-FCF for today is 2.26.

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

HKSE:03396' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.81   Med: 2.21   Max: 2.47
Current: 2.26

During the past 10 years, Legend Holdings's highest Cyclically Adjusted Price-to-FCF was 2.47. The lowest was 1.81. And the median was 2.21.

HKSE:03396's Cyclically Adjusted Price-to-FCF is ranked better than
98.65% of 966 companies
in the Hardware industry
Industry Median: 30.465 vs HKSE:03396: 2.26

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.

Legend Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$-2.712. 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$2.85 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Legend Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Legend 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.

Legend Holdings Cyclically Adjusted Price-to-FCF Chart

Legend 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 - - - - 2.58

Legend 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 - - - - 2.58

Competitive Comparison of Legend Holdings's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Legend 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.


Legend Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Legend Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Legend 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.

Legend Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.44/2.85
=2.26

* 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.

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

For example, Legend 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)
=-2.712/114.7809*114.7809
=-2.712

Current CPI (Dec23) = 114.7809.

Legend Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -4.075 99.000 -4.725
201512 -0.689 100.600 -0.786
201612 2.766 102.600 3.094
201712 -5.941 104.500 -6.525
201812 -1.082 106.500 -1.166
201912 0.620 111.200 0.640
202012 17.842 111.500 18.367
202112 6.441 113.108 6.536
202212 15.818 115.116 15.772
202312 -2.712 114.781 -2.712

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.


Legend Holdings  (HKSE:03396) 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.


Legend Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Legend Holdings (HKSE:03396) Business Description

Industry
Traded in Other Exchanges
Address
Room 1701, 17th Floor, Block 1, Court No. 2, Ke Xue Yuan Nanlu, Haidian District, Beinjing, CHN, 100190
Legend Holdings Ltd is a diversified industrial and investment group in China. The Company operates its business through two sectors: industrial operations and industrial incubations and investments. The Industrial operations segment includes Lenovo, which is mainly engaged in providing innovative intelligent devices and infrastructure, and creates intelligent solutions, services and software. Levima Group, which mainly engaged in the research and development, production and sales of advanced material products. The industrial incubations and investments includes Which is engaged in investment in the PE Funds and VC Funds as a limited partner and holds interest in the general partners of certain funds.
Executives
Bei Jing Lian Heng Yong Xin Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner
Bei Jing Lian Heng Yong Kang Guan Li Zi Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Liu Chuanzhi
Liu Chuanzhi 2101 Beneficial owner
Bei Jing Lian Chi Zhi Tong Guan Li Zi Xun You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Bei Jing Lian Chi Zhi Yuan Guan Li Zi Xun Zhong Xin You Xian He Huo 2101 Beneficial owner

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