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Poly Developments and Holdings Group Co (SHSE:600048) Cyclically Adjusted Price-to-FCF : 12.70 (As of Jun. 06, 2024)


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What is Poly Developments and Holdings Group Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Poly Developments and Holdings Group Co's current share price is ¥10.29. Poly Developments and Holdings Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.81. Poly Developments and Holdings Group Co's Cyclically Adjusted Price-to-FCF for today is 12.70.

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

SHSE:600048' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.34   Med: 31.8   Max: 406
Current: 12.58

During the past years, Poly Developments and Holdings Group Co's highest Cyclically Adjusted Price-to-FCF was 406.00. The lowest was 9.34. And the median was 31.80.

SHSE:600048's Cyclically Adjusted Price-to-FCF is ranked worse than
51.22% of 697 companies
in the Real Estate industry
Industry Median: 12.17 vs SHSE:600048: 12.58

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.

Poly Developments and Holdings Group Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-2.926. 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 ¥0.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Poly Developments and Holdings Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Poly Developments and Holdings Group 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.

Poly Developments and Holdings Group Co Cyclically Adjusted Price-to-FCF Chart

Poly Developments and Holdings Group 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 150.20 31.74 22.68 20.72 10.46

Poly Developments and Holdings Group 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 21.54 15.76 14.61 10.46 11.24

Competitive Comparison of Poly Developments and Holdings Group Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Poly Developments and Holdings Group 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.


Poly Developments and Holdings Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Poly Developments and Holdings Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Poly Developments and Holdings Group Co's Cyclically Adjusted Price-to-FCF falls into.



Poly Developments and Holdings Group 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.

Poly Developments and Holdings Group Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.29/0.81
=12.70

* 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.

Poly Developments and Holdings Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Poly Developments and Holdings Group 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)
=-2.926/115.2271*115.2271
=-2.926

Current CPI (Mar. 2024) = 115.2271.

Poly Developments and Holdings Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.076 98.200 -0.089
201409 -0.358 98.900 -0.417
201412 0.707 99.000 0.823
201503 -0.593 99.900 -0.684
201506 1.510 99.500 1.749
201509 0.905 100.500 1.038
201512 -0.182 100.600 -0.208
201603 0.235 102.200 0.265
201606 1.583 101.400 1.799
201609 1.720 102.400 1.935
201612 -0.556 102.600 -0.624
201703 -1.173 103.200 -1.310
201706 0.346 103.100 0.387
201709 -1.796 104.100 -1.988
201712 0.120 104.500 0.132
201803 -2.208 105.300 -2.416
201806 1.370 104.900 1.505
201809 -0.101 106.600 -0.109
201812 1.856 106.500 2.008
201903 0.065 107.700 0.070
201906 1.271 107.700 1.360
201909 -0.591 109.800 -0.620
201912 2.498 111.200 2.588
202003 -2.534 112.300 -2.600
202006 0.404 110.400 0.422
202009 0.594 111.700 0.613
202012 2.717 111.500 2.808
202103 -2.526 112.662 -2.584
202106 0.431 111.769 0.444
202109 0.496 112.215 0.509
202112 2.478 113.108 2.524
202203 -3.313 114.335 -3.339
202206 1.474 114.558 1.483
202209 -0.663 115.339 -0.662
202212 3.110 115.116 3.113
202303 -1.199 115.116 -1.200
202306 1.753 114.558 1.763
202309 -0.031 115.339 -0.031
202312 0.593 114.781 0.595
202403 -2.926 115.227 -2.926

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.


Poly Developments and Holdings Group Co  (SHSE:600048) 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.


Poly Developments and Holdings Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Traded in Other Exchanges
N/A
Address
No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308
Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.
Executives
Zhou Dong Li Directors, senior managers
Huang Hai senior management
Zhang Yan Hua senior management
Liu Wen Sheng senior management
Kong Jun Feng Supervisors
Pan Zhi Hua senior management
Liu Ying Chuan senior management
Zhang Wei senior management
Liu Ping Director
Wang Quan Liang senior management
Hu Zai Xin senior management
Zhang Wan Shun Director
Chen Dong Ju senior management
Wang Jian senior management
Song Guang Ju Director

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