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China Banking (PHS:CHIB) Cyclically Adjusted Price-to-FCF : 2.49 (As of Jun. 09, 2024)


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What is China Banking Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), China Banking's current share price is ₱40.25. China Banking's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱16.17. China Banking's Cyclically Adjusted Price-to-FCF for today is 2.49.

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

PHS:CHIB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.82   Med: 3.7   Max: 7.06
Current: 2.49

During the past years, China Banking's highest Cyclically Adjusted Price-to-FCF was 7.06. The lowest was 1.82. And the median was 3.70.

PHS:CHIB's Cyclically Adjusted Price-to-FCF is ranked better than
85.04% of 829 companies
in the Banks industry
Industry Median: 7.33 vs PHS:CHIB: 2.49

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.

China Banking's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱5.954. 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 ₱16.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Banking Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Banking'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.

China Banking Cyclically Adjusted Price-to-FCF Chart

China Banking 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 5.07 3.42 2.77 1.82 2.09

China Banking Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.24 2.03 1.97 2.09 2.26

Competitive Comparison of China Banking's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, China Banking'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.


China Banking's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Banking's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China Banking 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.

China Banking's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.25/16.17
=2.49

* 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.

China Banking's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Banking's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.954/131.7762*131.7762
=5.954

Current CPI (Mar. 2024) = 131.7762.

China Banking Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.313 100.560 -1.721
201409 -4.922 100.428 -6.458
201412 -2.626 99.070 -3.493
201503 4.806 99.621 6.357
201506 -4.093 100.684 -5.357
201509 -0.671 100.392 -0.881
201512 12.259 99.792 16.188
201603 1.475 100.470 1.935
201606 3.503 101.688 4.539
201609 -2.932 101.861 -3.793
201612 10.662 101.863 13.793
201703 2.231 102.862 2.858
201706 -0.452 103.349 -0.576
201709 -4.783 104.136 -6.053
201712 10.581 104.011 13.406
201803 -7.773 105.290 -9.728
201806 9.761 106.317 12.098
201809 11.771 106.507 14.564
201812 1.761 105.998 2.189
201903 -0.895 107.251 -1.100
201906 4.441 108.070 5.415
201909 -0.259 108.329 -0.315
201912 -8.723 108.420 -10.602
202003 3.997 108.902 4.837
202006 -4.831 108.767 -5.853
202009 18.972 109.815 22.766
202012 11.894 109.897 14.262
202103 -3.591 111.754 -4.234
202106 -5.898 114.631 -6.780
202109 4.312 115.734 4.910
202112 4.825 117.630 5.405
202203 5.145 121.301 5.589
202206 14.454 125.017 15.235
202209 11.426 125.227 12.024
202212 21.618 125.222 22.750
202303 1.751 127.348 1.812
202306 5.943 128.729 6.084
202309 2.965 129.860 3.009
202312 10.473 129.419 10.664
202403 5.954 131.776 5.954

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.


China Banking  (PHS:CHIB) 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.


China Banking Cyclically Adjusted Price-to-FCF Related Terms

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


China Banking (PHS:CHIB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8745 Paseo de Roxas corner Villar Street, 15th Floor, China Bank Building, Makati City, PHL, 1226
China Banking Corp is a commercial bank engaged in corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, and insurance products. The group has five business segments namely, Institutional Banking, Consumer Banking, Retail Banking Business, Financial Markets, and Others which include credit management, thrift banking business, operations and financial control, and other support services. The majority of the company's revenue comes from the Retail Banking Business.

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