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Hua Xia Bank Co (SHSE:600015) Cyclically Adjusted Price-to-FCF : 1.74 (As of Jun. 06, 2024)


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What is Hua Xia Bank Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Hua Xia Bank Co's current share price is ¥6.73. Hua Xia Bank Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥3.87. Hua Xia Bank Co's Cyclically Adjusted Price-to-FCF for today is 1.74.

The historical rank and industry rank for Hua Xia Bank Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600015' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.93   Med: 1.49   Max: 2.71
Current: 1.78

During the past years, Hua Xia Bank Co's highest Cyclically Adjusted Price-to-FCF was 2.71. The lowest was 0.93. And the median was 1.49.

SHSE:600015's Cyclically Adjusted Price-to-FCF is ranked better than
88.98% of 826 companies
in the Banks industry
Industry Median: 7.3 vs SHSE:600015: 1.78

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.

Hua Xia Bank Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥1.396. 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 ¥3.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hua Xia Bank Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hua Xia Bank Co'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.

Hua Xia Bank Co Cyclically Adjusted Price-to-FCF Chart

Hua Xia Bank Co 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 1.40 1.16 1.08 1.11 1.80

Hua Xia Bank Co 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 1.08 1.42 1.19 1.80 1.67

Competitive Comparison of Hua Xia Bank Co's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Hua Xia Bank Co'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.


Hua Xia Bank Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Hua Xia Bank Co's Cyclically Adjusted Price-to-FCF falls into.



Hua Xia Bank Co 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.

Hua Xia Bank Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.73/3.87
=1.74

* 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.

Hua Xia Bank Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hua Xia Bank Co'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)
=1.396/115.2271*115.2271
=1.396

Current CPI (Mar. 2024) = 115.2271.

Hua Xia Bank Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.957 98.200 -3.470
201409 4.813 98.900 5.608
201412 5.462 99.000 6.357
201503 -2.547 99.900 -2.938
201506 1.963 99.500 2.273
201509 9.595 100.500 11.001
201512 -4.683 100.600 -5.364
201603 -4.497 102.200 -5.070
201606 9.731 101.400 11.058
201609 -0.089 102.400 -0.100
201612 5.106 102.600 5.734
201703 0.401 103.200 0.448
201706 -3.786 103.100 -4.231
201709 -4.751 104.100 -5.259
201712 0.987 104.500 1.088
201803 -3.951 105.300 -4.323
201806 -3.982 104.900 -4.374
201809 0.106 106.600 0.115
201812 0.498 106.500 0.539
201903 2.500 107.700 2.675
201906 7.944 107.700 8.499
201909 -2.656 109.800 -2.787
201912 -2.816 111.200 -2.918
202003 0.227 112.300 0.233
202006 0.962 110.400 1.004
202009 0.717 111.700 0.740
202012 -0.414 111.500 -0.428
202103 -1.083 112.662 -1.108
202106 0.743 111.769 0.766
202109 6.000 112.215 6.161
202112 -1.421 113.108 -1.448
202203 1.861 114.335 1.876
202206 1.148 114.558 1.155
202209 -2.975 115.339 -2.972
202212 2.942 115.116 2.945
202303 1.583 115.116 1.585
202306 1.114 114.558 1.121
202309 2.575 115.339 2.573
202312 8.538 114.781 8.571
202403 1.396 115.227 1.396

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.


Hua Xia Bank Co  (SHSE:600015) 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.


Hua Xia Bank Co Cyclically Adjusted Price-to-FCF Related Terms

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Hua Xia Bank Co (SHSE:600015) Business Description

Industry
Traded in Other Exchanges
N/A
Address
22 Jianguomen Inner Street, Dongcheng District, Beijing, CHN, 100005
Hua Xia Bank Co Ltd is a commercial bank. It provides services in corporate banking, personal banking and businesses related to financial markets.

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