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Lai Sun Development Co (HKSE:00488) Cyclically Adjusted Price-to-FCF : (As of May. 27, 2024)


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What is Lai Sun Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lai Sun Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lai Sun Development 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.

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Lai Sun Development Co Cyclically Adjusted Price-to-FCF Chart

Lai Sun Development Co Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
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Lai Sun Development Co Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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Competitive Comparison of Lai Sun Development Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Lai Sun Development 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.


Lai Sun Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lai Sun Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Lai Sun Development 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.

Lai Sun Development Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Lai Sun Development Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=-0.47/115.6468*115.6468
=-0.470

Current CPI (Jul23) = 115.6468.

Lai Sun Development Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.410 97.288 0.487
201507 -2.549 99.817 -2.953
201607 -0.977 102.125 -1.106
201707 -0.899 104.104 -0.999
201807 -0.711 106.523 -0.772
201907 -4.745 110.040 -4.987
202007 -1.372 107.402 -1.477
202107 1.033 111.469 1.072
202207 -4.998 113.558 -5.090
202307 -0.470 115.647 -0.470

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.


Lai Sun Development Co  (HKSE:00488) 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.


Lai Sun Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Lai Sun Development Co (HKSE:00488) Business Description

Traded in Other Exchanges
Address
680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG
Lai Sun Development Co Ltd is an investment holding company. The company's operating segment includes property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation and others. The property development and sales segment is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Hong Kong, Mainland China and Macau.
Executives
Lai Sun Garment (international) Limited 2201 Interest of corporation controlled by you
Lam Kin Ngok Peter 2201 Interest of corporation controlled by you
Yu Cheuk Yi 2103 Interests held jointly with another person
Yu Siu Yuk 2103 Interests held jointly with another person
Argyle Street Management Holdings Limited 2201 Interest of corporation controlled by you
Argyle Street Management Limited 2102 Investment manager
Asm Connaught House (master) Fund Iii Lp 2201 Interest of corporation controlled by you
Asm Connaught House General Partner Iii Limited 2102 Investment manager
Chan Kin 2201 Interest of corporation controlled by you
Haitong International Holdings Limited 2201 Interest of corporation controlled by you
Haitong International Securities Company Limited 2105 Underwriter
Haitong International Securities Group Limited 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Jinlong Road Limited 2101 Beneficial owner
Tanah Abang Limited 2201 Interest of corporation controlled by you

Lai Sun Development Co (HKSE:00488) Headlines

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