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South Manganese Investment (HKSE:01091) Cyclically Adjusted Price-to-FCF : 20.00 (As of Jun. 14, 2024)


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What is South Manganese Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-06-14), South Manganese Investment's current share price is HK$0.40. South Manganese Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.02. South Manganese Investment's Cyclically Adjusted Price-to-FCF for today is 20.00.

The historical rank and industry rank for South Manganese Investment's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01091' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.9   Med: 27.5   Max: 143
Current: 22.64

During the past 13 years, South Manganese Investment's highest Cyclically Adjusted Price-to-FCF was 143.00. The lowest was 8.90. And the median was 27.50.

HKSE:01091's Cyclically Adjusted Price-to-FCF is ranked worse than
53.23% of 248 companies
in the Metals & Mining industry
Industry Median: 20.175 vs HKSE:01091: 22.64

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.

South Manganese Investment's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$-0.251. 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$0.02 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


South Manganese Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for South Manganese Investment'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.

South Manganese Investment Cyclically Adjusted Price-to-FCF Chart

South Manganese Investment 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 - - 88.18 31.57 27.33

South Manganese Investment 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 88.18 - 31.57 - 27.33

Competitive Comparison of South Manganese Investment's Cyclically Adjusted Price-to-FCF

For the Other Industrial Metals & Mining subindustry, South Manganese Investment'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.


South Manganese Investment's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where South Manganese Investment's Cyclically Adjusted Price-to-FCF falls into.



South Manganese Investment 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.

South Manganese Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.40/0.02
=20.00

* 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.

South Manganese Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, South Manganese Investment'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)
=-0.251/117.2957*117.2957
=-0.251

Current CPI (Dec23) = 117.2957.

South Manganese Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.107 99.707 -0.126
201512 -0.051 102.015 -0.059
201612 0.274 103.225 0.311
201712 -0.044 104.984 -0.049
201812 0.030 107.622 0.033
201912 0.044 110.700 0.047
202012 0.036 109.711 0.038
202112 0.259 112.349 0.270
202212 -0.033 114.548 -0.034
202312 -0.251 117.296 -0.251

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.


South Manganese Investment  (HKSE:01091) 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.


South Manganese Investment Cyclically Adjusted Price-to-FCF Related Terms

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


South Manganese Investment (HKSE:01091) Business Description

Traded in Other Exchanges
Address
95 Queensway, Room A02, 35th Floor, United Centre, Admiralty, Hong Kong, HKG
South Manganese Investment Ltd is a mining company that is engaged in manganese mining and ore processing in China and Gabon and downstream processing operations. It operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and Trading business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.
Executives
Citic Group Corporation 2201 Interest of corporation controlled by you
Citic Limited 2201 Interest of corporation controlled by you
Sun Mingwen 2201 Interest of corporation controlled by you
Youfu Investment Co., Ltd 2101 Beneficial owner
Feng Xiang Investment Co.,ltd 2101 Beneficial owner
Ma Xuedong 2201 Interest of corporation controlled by you
Gui Nan Da Meng Guo Ji Zi Yuan You Xian Gong Si

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