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Hongbo Co (SZSE:002229) Cyclically Adjusted Price-to-FCF : 267.40 (As of Jun. 09, 2024)


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What is Hongbo Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Hongbo Co's current share price is ¥13.37. Hongbo Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.05. Hongbo Co's Cyclically Adjusted Price-to-FCF for today is 267.40.

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

SZSE:002229' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 63.5   Med: 214.09   Max: 754.5
Current: 282.49

During the past years, Hongbo Co's highest Cyclically Adjusted Price-to-FCF was 754.50. The lowest was 63.50. And the median was 214.09.

SZSE:002229's Cyclically Adjusted Price-to-FCF is ranked worse than
97.55% of 368 companies
in the Business Services industry
Industry Median: 18.145 vs SZSE:002229: 282.49

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.

Hongbo Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.097. 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 ¥0.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hongbo Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hongbo 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.

Hongbo Co Cyclically Adjusted Price-to-FCF Chart

Hongbo 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 - - 312.77 76.73 730.20

Hongbo 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 133.20 340.47 616.40 730.20 540.47

Competitive Comparison of Hongbo Co's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, Hongbo 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.


Hongbo Co's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hongbo Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hongbo 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.

Hongbo Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.37/0.05
=267.40

* 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.

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

For example, Hongbo 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)
=-0.097/115.2271*115.2271
=-0.097

Current CPI (Mar. 2024) = 115.2271.

Hongbo Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.023 98.200 0.027
201409 -0.133 98.900 -0.155
201412 0.160 99.000 0.186
201503 -0.118 99.900 -0.136
201506 -0.060 99.500 -0.069
201509 0.020 100.500 0.023
201512 0.304 100.600 0.348
201603 -0.172 102.200 -0.194
201606 -0.146 101.400 -0.166
201609 0.357 102.400 0.402
201612 0.261 102.600 0.293
201703 -0.197 103.200 -0.220
201706 -0.007 103.100 -0.008
201709 -0.003 104.100 -0.003
201712 0.163 104.500 0.180
201803 -0.106 105.300 -0.116
201806 -0.017 104.900 -0.019
201809 0.067 106.600 0.072
201812 0.288 106.500 0.312
201903 -0.185 107.700 -0.198
201906 0.047 107.700 0.050
201909 0.111 109.800 0.116
201912 0.088 111.200 0.091
202003 -0.134 112.300 -0.137
202006 0.214 110.400 0.223
202009 0.000 111.700 0.000
202012 0.121 111.500 0.125
202103 -0.118 112.662 -0.121
202106 -0.027 111.769 -0.028
202109 0.076 112.215 0.078
202112 0.068 113.108 0.069
202203 -0.060 114.335 -0.060
202206 0.069 114.558 0.069
202209 -0.008 115.339 -0.008
202212 -0.048 115.116 -0.048
202303 0.048 115.116 0.048
202306 -0.234 114.558 -0.235
202309 -0.261 115.339 -0.261
202312 0.027 114.781 0.027
202403 -0.097 115.227 -0.097

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.


Hongbo Co  (SZSE:002229) 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.


Hongbo Co Cyclically Adjusted Price-to-FCF Related Terms

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


Hongbo Co (SZSE:002229) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 136 Jinda Road, Jinshan Development Zone, Fujian Province, Fuzhou, CHN, 350002
Hongbo Co Ltd is a China-based company engaged in the security printing business. It is involved in the printing of commercial bills in China. The company's main products are heat-sensitive paper tickets, general paper tickets and paper packaging products for office use. In addition, the company is also involved in the other businesses such as the Lottery industry, Security printing, Packaging industry, Color printing industry, Internet of things industry, and Business and interactive entertainment industry.
Executives
You You Luan Directors, executives
He Ai Ping Supervisors
Chen Xian Zhang Secretary Dong
Zhou Mei Mei Directors, executives
You Li Juan Director
You Yu Xian Director
Xie You Jun Supervisors
Guo Bin Executives
Wang Wen Jing Supervisors
Yang You Lin Director
Liu Yuan Hai Supervisors
Zhang Jian Jun Executives

Hongbo Co (SZSE:002229) Headlines

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