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Bank Of Hangzhou Co (SHSE:600926) Cyclically Adjusted FCF per Share : ¥6.18 (As of Mar. 2024)


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What is Bank Of Hangzhou Co 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.

Bank Of Hangzhou Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-1.567. 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 ¥6.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank Of Hangzhou Co's average Cyclically Adjusted FCF Growth Rate was 1.60% 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.

As of today (2024-05-27), Bank Of Hangzhou Co's current stock price is ¥13.92. Bank Of Hangzhou Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥6.18. Bank Of Hangzhou Co's Cyclically Adjusted Price-to-FCF of today is 2.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank Of Hangzhou Co was 3.26. The lowest was 1.55. And the median was 2.18.


Bank Of Hangzhou Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bank Of Hangzhou Co'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.

Bank Of Hangzhou Co Cyclically Adjusted FCF per Share Chart

Bank Of Hangzhou Co 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 - - 5.22 6.18 6.54

Bank Of Hangzhou 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 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 6.08 5.39 5.92 6.54 6.18

Competitive Comparison of Bank Of Hangzhou Co's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Bank Of Hangzhou 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.


Bank Of Hangzhou Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bank Of Hangzhou Co 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, Bank Of Hangzhou 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)
=-1.567/115.2271*115.2271
=-1.567

Current CPI (Mar. 2024) = 115.2271.

Bank Of Hangzhou Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 -1.689 102.200 -1.904
201606 3.210 101.400 3.648
201609 9.636 102.400 10.843
201612 6.455 102.600 7.249
201703 -2.989 103.200 -3.337
201706 3.391 103.100 3.790
201709 8.009 104.100 8.865
201712 1.198 104.500 1.321
201803 2.443 105.300 2.673
201806 -1.117 104.900 -1.227
201809 -6.873 106.600 -7.429
201812 5.554 106.500 6.009
201903 -4.754 107.700 -5.086
201906 3.236 107.700 3.462
201909 5.150 109.800 5.405
201912 4.000 111.200 4.145
202003 -5.955 112.300 -6.110
202006 5.918 110.400 6.177
202009 -1.697 111.700 -1.751
202012 3.273 111.500 3.382
202103 0.261 112.662 0.267
202106 -2.924 111.769 -3.014
202109 -4.269 112.215 -4.384
202112 -1.063 113.108 -1.083
202203 -2.261 114.335 -2.279
202206 5.420 114.558 5.452
202209 -2.765 115.339 -2.762
202212 10.945 115.116 10.956
202303 0.870 115.116 0.871
202306 -3.466 114.558 -3.486
202309 5.191 115.339 5.186
202312 6.676 114.781 6.702
202403 -1.567 115.227 -1.567

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


Bank Of Hangzhou Co  (SHSE:600926) 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.

Bank Of Hangzhou Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.92/6.18
=2.25

* 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 Bank Of Hangzhou Co was 3.26. The lowest was 1.55. And the median was 2.18.


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.


Bank Of Hangzhou Co Cyclically Adjusted FCF per Share Related Terms

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


Bank Of Hangzhou Co (SHSE:600926) Business Description

Traded in Other Exchanges
N/A
Address
No. 46 Qingchun Road, Zhejiang Province, Xiacheng District, Hangzhou City, CHN, 310003
Bank Of Hangzhou Co Ltd provides banking products and services. It offers products and services including saving a deposit, individual housing mortgage loans, personal car mortgage loans, debit card, and private banking services. The business activities of the group are operated through China.
Executives
Gu Wei Ping Supervisors
Guo Yu senior management
Ding Feng senior management
Xu Guo Min senior management
Song Jian Bin Director
Wang Li Xiong senior management
Jiang Bo senior management
Lou Ying Supervisors
Ao Yi Fan senior management
Zhang Jing Supervisors
Ren Qin Min Supervisors
Pan Lai Fa senior management
Chen Xian Ming Supervisors

Bank Of Hangzhou Co (SHSE:600926) Headlines

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