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Hong Leong Finance (SGX:S41) Cyclically Adjusted Price-to-FCF : 14.24 (As of May. 14, 2024)


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What is Hong Leong Finance Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Hong Leong Finance's current share price is S$2.42. Hong Leong Finance's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.17. Hong Leong Finance's Cyclically Adjusted Price-to-FCF for today is 14.24.

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

SGX:S41' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.17   Med: 6.11   Max: 133.5
Current: 14.74

During the past 13 years, Hong Leong Finance's highest Cyclically Adjusted Price-to-FCF was 133.50. The lowest was 3.17. And the median was 6.11.

SGX:S41's Cyclically Adjusted Price-to-FCF is ranked worse than
82.85% of 834 companies
in the Banks industry
Industry Median: 7.63 vs SGX:S41: 14.74

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.

Hong Leong Finance's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$1.505. 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 S$0.17 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Leong Finance Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hong Leong Finance'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.

Hong Leong Finance Cyclically Adjusted Price-to-FCF Chart

Hong Leong Finance 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 125.11 - 32.96 - 15.11

Hong Leong Finance 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 32.96 - - - 15.11

Competitive Comparison of Hong Leong Finance's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Hong Leong Finance'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.


Hong Leong Finance's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Hong Leong Finance's Cyclically Adjusted Price-to-FCF falls into.



Hong Leong Finance 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.

Hong Leong Finance's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.42/0.17
=14.24

* 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.

Hong Leong Finance's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hong Leong Finance'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)
=1.505/129.4194*129.4194
=1.505

Current CPI (Dec23) = 129.4194.

Hong Leong Finance Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.166 99.070 0.217
201512 1.068 99.792 1.385
201612 -0.600 101.863 -0.762
201712 -0.158 104.011 -0.197
201812 0.955 105.998 1.166
201912 -0.860 108.420 -1.027
202012 -0.742 109.897 -0.874
202112 -0.147 117.630 -0.162
202212 0.390 125.222 0.403
202312 1.505 129.419 1.505

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.


Hong Leong Finance  (SGX:S41) 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.


Hong Leong Finance Cyclically Adjusted Price-to-FCF Related Terms

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


Hong Leong Finance (SGX:S41) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16 Raffles Quay, No. 01-05, Hong Leong Building, Singapore, SGP, 048581
Hong Leong Finance Ltd offers banking services to business enterprises and retail customers. It specializes in working with small and medium enterprises and offers a variety of credit and loan options for them. For retail customers, Hong Leong offers home and car loans. Net interest income accounts for around 80% of the company's total revenue. Hong Leong generates its remaining revenue through fees and commissions for its advisory and corporate finance services. Hong Leong operates exclusively in Singapore.

Hong Leong Finance (SGX:S41) Headlines

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