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Dah Sing Banking Group (HKSE:02356) Cyclically Adjusted Price-to-FCF : 5.11 (As of Apr. 28, 2024)


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What is Dah Sing Banking Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Dah Sing Banking Group's current share price is HK$6.39. Dah Sing Banking Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$1.25. Dah Sing Banking Group's Cyclically Adjusted Price-to-FCF for today is 5.11.

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

HKSE:02356' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.13   Med: 13.45   Max: 59.08
Current: 5.13

During the past 13 years, Dah Sing Banking Group's highest Cyclically Adjusted Price-to-FCF was 59.08. The lowest was 5.13. And the median was 13.45.

HKSE:02356's Cyclically Adjusted Price-to-FCF is ranked better than
53.25% of 832 companies
in the Banks industry
Industry Median: 7.405 vs HKSE:02356: 5.13

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.

Dah Sing Banking Group's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$-0.814. 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 HK$1.25 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dah Sing Banking Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dah Sing Banking Group'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.

Dah Sing Banking Group Cyclically Adjusted Price-to-FCF Chart

Dah Sing Banking Group 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 17.61 6.57 13.68 6.23 4.04

Dah Sing Banking Group 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 13.68 - 6.23 - 4.04

Competitive Comparison of Dah Sing Banking Group's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Dah Sing Banking Group'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.


Dah Sing Banking Group's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Dah Sing Banking Group 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.

Dah Sing Banking Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.39/1.25
=5.11

* 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.

Dah Sing Banking Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Dah Sing Banking Group'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)
=-0.814/117.2957*117.2957
=-0.814

Current CPI (Dec23) = 117.2957.

Dah Sing Banking Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 3.965 99.707 4.664
201512 1.415 102.015 1.627
201612 1.024 103.225 1.164
201712 0.987 104.984 1.103
201812 -2.177 107.622 -2.373
201912 7.278 110.700 7.712
202012 -2.315 109.711 -2.475
202112 -1.682 112.349 -1.756
202212 3.529 114.548 3.614
202312 -0.814 117.296 -0.814

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.


Dah Sing Banking Group  (HKSE:02356) 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.


Dah Sing Banking Group Cyclically Adjusted Price-to-FCF Related Terms

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


Dah Sing Banking Group (HKSE:02356) Business Description

Traded in Other Exchanges
Address
248 Queen’s Road East, 26th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Dah Sing Banking Group Ltd is a bank holding company. It operates in five segments: Personal Banking, Commercial Banking, Treasury and Global Marets, Overseas Banking, and Others. The Personal Banking segment deals in deposits from individual customers, the extension of residential mortgage lending, personal loans, insurance, and investment services. The commercial banking segment provides similar services to institutional customers and organizations. The Treasury segment provides foreign exchange services and centralized cash management for deposit-taking & lending, interest rate risk management, management of investment in securities, and overall funding. Overseas banking businesses include personal banking, and commercial banking business activities provided by overseas subsidiaries.

Dah Sing Banking Group (HKSE:02356) Headlines

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