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Sunac China Holdings (HKSE:01918) Cyclically Adjusted FCF per Share : HK$5.29 (As of Dec. 2023)


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What is Sunac China Holdings Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Sunac China Holdings's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was HK$-3.266. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is HK$5.29 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sunac China Holdings's average Cyclically Adjusted FCF Growth Rate was -11.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Sunac China Holdings was 5.30% per year. The lowest was -9.30% per year. And the median was 2.80% per year.

As of today (2024-05-23), Sunac China Holdings's current stock price is HK$ 1.62. Sunac China Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was HK$5.29. Sunac China Holdings's Cyclically Adjusted Price-to-FCF of today is 0.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sunac China Holdings was 8.95. The lowest was 0.15. And the median was 2.67.


Sunac China Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sunac China Holdings's Cyclically Adjusted FCF per Share 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.

Sunac China Holdings Cyclically Adjusted FCF per Share Chart

Sunac China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.51 7.09 6.00 5.99 5.29

Sunac China Holdings 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 FCF per Share 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 6.00 - 5.99 - 5.29

Competitive Comparison of Sunac China Holdings's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Sunac China Holdings'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.


Sunac China Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Sunac China Holdings's Cyclically Adjusted Price-to-FCF falls into.



Sunac China Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Sunac China Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-3.266/114.7809*114.7809
=-3.266

Current CPI (Dec. 2023) = 114.7809.

Sunac China Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 6.179 99.000 7.164
201512 5.582 100.600 6.369
201612 1.470 102.600 1.645
201712 21.036 104.500 23.106
201812 9.845 106.500 10.610
201912 2.195 111.200 2.266
202012 14.755 111.500 15.189
202112 -13.556 113.108 -13.757
202212 3.539 115.116 3.529
202312 -3.266 114.781 -3.266

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Sunac China Holdings  (HKSE:01918) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Sunac China Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.62/5.29
=0.31

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sunac China Holdings was 8.95. The lowest was 0.15. And the median was 2.67.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Sunac China Holdings Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Sunac China Holdings's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunac China Holdings (HKSE:01918) Business Description

Traded in Other Exchanges
Address
No.278, Hongqi Road, Building 1, East Side in Hopsca Center International, Nankai District, Tianjin, CHN, 300381
Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.

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