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China Communications Services (HKSE:00552) Cyclically Adjusted Price-to-FCF : 6.11 (As of May. 24, 2024)


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What is China Communications Services Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), China Communications Services's current share price is HK$3.73. China Communications Services's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.61. China Communications Services's Cyclically Adjusted Price-to-FCF for today is 6.11.

The historical rank and industry rank for China Communications Services's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00552' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.77   Med: 14.39   Max: 75.83
Current: 6.33

During the past 13 years, China Communications Services's highest Cyclically Adjusted Price-to-FCF was 75.83. The lowest was 4.77. And the median was 14.39.

HKSE:00552's Cyclically Adjusted Price-to-FCF is ranked better than
77.78% of 189 companies
in the Telecommunication Services industry
Industry Median: 12.96 vs HKSE:00552: 6.33

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.

China Communications Services's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.653. 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$0.61 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Communications Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Communications Services'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.

China Communications Services Cyclically Adjusted Price-to-FCF Chart

China Communications Services 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 14.21 8.29 8.11 5.31 5.30

China Communications Services 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 8.11 - 5.31 - 5.30

Competitive Comparison of China Communications Services's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, China Communications Services'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.


China Communications Services's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Communications Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China Communications Services 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.

China Communications Services's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.73/0.61
=6.11

* 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.

China Communications Services's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Communications Services'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)
=0.653/114.7809*114.7809
=0.653

Current CPI (Dec23) = 114.7809.

China Communications Services Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.147 99.000 0.170
201512 0.673 100.600 0.768
201612 0.715 102.600 0.800
201712 1.018 104.500 1.118
201812 0.537 106.500 0.579
201912 0.583 111.200 0.602
202012 0.329 111.500 0.339
202112 0.484 113.108 0.491
202212 0.594 115.116 0.592
202312 0.653 114.781 0.653

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.


China Communications Services  (HKSE:00552) 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.


China Communications Services Cyclically Adjusted Price-to-FCF Related Terms

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


China Communications Services (HKSE:00552) Business Description

Traded in Other Exchanges
Address
Fenghuangzui Street, Block No. 1, Compound No. 1, Fengtai District, Beijing, CHN, 100073
China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.

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