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Emperor Watch & Jewellery (HKSE:00887) Cyclically Adjusted Price-to-FCF : 2.93 (As of May. 28, 2024)


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What is Emperor Watch & Jewellery Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Emperor Watch & Jewellery's current share price is HK$0.176. Emperor Watch & Jewellery's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.06. Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF for today is 2.93.

The historical rank and industry rank for Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00887' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.3   Med: 3.57   Max: 12.1
Current: 3.3

During the past 13 years, Emperor Watch & Jewellery's highest Cyclically Adjusted Price-to-FCF was 12.10. The lowest was 2.30. And the median was 3.57.

HKSE:00887's Cyclically Adjusted Price-to-FCF is ranked better than
88.6% of 430 companies
in the Retail - Cyclical industry
Industry Median: 12.645 vs HKSE:00887: 3.30

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.

Emperor Watch & Jewellery's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.045. 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$0.06 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emperor Watch & Jewellery Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Emperor Watch & Jewellery'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.

Emperor Watch & Jewellery Cyclically Adjusted Price-to-FCF Chart

Emperor Watch & Jewellery 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 108.28 5.69 4.31 3.34 2.96

Emperor Watch & Jewellery 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 4.31 - 3.34 - 2.96

Competitive Comparison of Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF

For the Luxury Goods subindustry, Emperor Watch & Jewellery'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.


Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF falls into.



Emperor Watch & Jewellery 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.

Emperor Watch & Jewellery's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.176/0.06
=2.93

* 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.

Emperor Watch & Jewellery's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Emperor Watch & Jewellery'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)
=0.045/117.2957*117.2957
=0.045

Current CPI (Dec23) = 117.2957.

Emperor Watch & Jewellery Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.021 99.707 -0.025
201512 0.056 102.015 0.064
201612 0.076 103.225 0.086
201712 0.041 104.984 0.046
201812 -0.032 107.622 -0.035
201912 0.056 110.700 0.059
202012 0.083 109.711 0.089
202112 0.139 112.349 0.145
202212 0.084 114.548 0.086
202312 0.045 117.296 0.045

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.


Emperor Watch & Jewellery  (HKSE:00887) 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.


Emperor Watch & Jewellery Cyclically Adjusted Price-to-FCF Related Terms

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


Emperor Watch & Jewellery (HKSE:00887) Business Description

Traded in Other Exchanges
N/A
Address
288 Hennessy Road, 25th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG
Emperor Watch & Jewellery Ltd is a retailer of European-made internationally renowned watches, together with self-designed fine jewellery products under its own brand, Emperor Jewellery. The group has extensive retail networks in Hong Kong, Macau, Mainland China, Malaysia, and Singapore. Its wristwatch brands include Audemars Piguet, Baume & Mercier, Cartier, Omega, Jaeger-LeCoultre, Montblanc, Tissot, and Rolex, among others. The target customers range from middle to high-income groups world wide. The majority of the revenue is mainly derived from sales of watches and jewellery in Hong Kong.
Executives
Albert Yeung Watch & Jewellery Holdings Limited 2201 Interest of corporation controlled by you
Emperor Watch & Jewellery Group Holdings Limited 2101 Beneficial owner
First Family Advisors Trust Reg. 2301 Trustee
Luk Siu Man, Semon 2202 Interest of your spouse
Yeung Sau Shing, Albert 2307 Founder of a discretionary trust who can infl
Yeung Cindy 2501 Other
Brandes Investment Partners, L.p.

Emperor Watch & Jewellery (HKSE:00887) Headlines

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