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CK Hutchison Holdings (HKSE:00001) Cyclically Adjusted Price-to-FCF : 4.84 (As of Jun. 06, 2024)


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What is CK Hutchison Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), CK Hutchison Holdings's current share price is HK$38.70. CK Hutchison Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$8.00. CK Hutchison Holdings's Cyclically Adjusted Price-to-FCF for today is 4.84.

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

HKSE:00001' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.48   Med: 15.3   Max: 111.88
Current: 4.84

During the past 13 years, CK Hutchison Holdings's highest Cyclically Adjusted Price-to-FCF was 111.88. The lowest was 4.48. And the median was 15.30.

HKSE:00001's Cyclically Adjusted Price-to-FCF is ranked better than
88.37% of 215 companies
in the Conglomerates industry
Industry Median: 18.88 vs HKSE:00001: 4.84

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.

CK Hutchison Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$6.824. 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$8.00 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CK Hutchison Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CK Hutchison Holdings'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.

CK Hutchison Holdings Cyclically Adjusted Price-to-FCF Chart

CK Hutchison Holdings 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 15.04 9.83 7.86 6.24 5.23

CK Hutchison 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 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 7.86 - 6.24 - 5.23

Competitive Comparison of CK Hutchison Holdings's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, CK Hutchison 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.


CK Hutchison Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CK Hutchison Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CK Hutchison Holdings 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.

CK Hutchison Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.70/8
=4.84

* 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.

CK Hutchison Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CK Hutchison Holdings'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)
=6.824/117.2957*117.2957
=6.824

Current CPI (Dec23) = 117.2957.

CK Hutchison Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 12.929 99.707 15.210
201512 5.935 102.015 6.824
201612 4.092 103.225 4.650
201712 7.694 104.984 8.596
201812 4.715 107.622 5.139
201912 8.552 110.700 9.062
202012 11.306 109.711 12.088
202112 3.259 112.349 3.402
202212 8.049 114.548 8.242
202312 6.824 117.296 6.824

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.


CK Hutchison Holdings  (HKSE:00001) 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.


CK Hutchison Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


CK Hutchison Holdings (HKSE:00001) Business Description

Traded in Other Exchanges
Address
2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG
CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 27%.
Executives
Li Ka-shing Unity Trustcorp Limited 2305 Beneficiary of a trust
Li Ka-shing Unity Trustee Company Limited 2301 Trustee
Li Ka-shing Unity Trustee Corporation Limited 2305 Beneficiary of a trust
Li Tzar Kuoi, Victor 2501 Other
Li Ka-shing 2307 Founder of a discretionary trust who can infl

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