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Zhongyuan Bank Co (HKSE:01216) Cyclically Adjusted Price-to-FCF : 0.31 (As of May. 26, 2024)


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What is Zhongyuan Bank Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Zhongyuan Bank Co's current share price is HK$0.37. Zhongyuan Bank Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$1.21. Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF for today is 0.31.

The historical rank and industry rank for Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01216' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.23   Med: 0.26   Max: 0.31
Current: 0.3

During the past 10 years, Zhongyuan Bank Co's highest Cyclically Adjusted Price-to-FCF was 0.31. The lowest was 0.23. And the median was 0.26.

HKSE:01216's Cyclically Adjusted Price-to-FCF is ranked better than
98.32% of 833 companies
in the Banks industry
Industry Median: 7.38 vs HKSE:01216: 0.30

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.

Zhongyuan Bank Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.222. 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$1.21 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhongyuan Bank Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhongyuan Bank 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.

* Premium members only.

Zhongyuan Bank Co Cyclically Adjusted Price-to-FCF Chart

Zhongyuan Bank Co 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 - - - - 0.28

Zhongyuan Bank Co Semi-Annual Data
Dec14 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 - - - - 0.28

Competitive Comparison of Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Zhongyuan Bank 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.


Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF falls into.



Zhongyuan Bank 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.

Zhongyuan Bank Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.37/1.21
=0.31

* 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.

Zhongyuan Bank Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Zhongyuan Bank Co'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)
=0.222/114.7809*114.7809
=0.222

Current CPI (Dec23) = 114.7809.

Zhongyuan Bank Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.210 99.000 0.243
201512 2.769 100.600 3.159
201612 3.894 102.600 4.356
201712 1.122 104.500 1.232
201812 0.994 106.500 1.071
201912 2.312 111.200 2.386
202012 -0.270 111.500 -0.278
202112 -2.277 113.108 -2.311
202212 2.038 115.116 2.032
202312 0.222 114.781 0.222

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.


Zhongyuan Bank Co  (HKSE:01216) 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.


Zhongyuan Bank Co Cyclically Adjusted Price-to-FCF Related Terms

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


Zhongyuan Bank Co (HKSE:01216) Business Description

Traded in Other Exchanges
Address
No. 23 Shangwu Waihuan Road, Zhongke Golden Tower, Zhengdong New District CBD, Henan Province, Zhengzhou, CHN
Zhongyuan Bank Co Ltd is engaged in the provision of corporate banking services. The business segments of the company are the Corporate banking segment, which represents the provision of a range of financial products and services to corporations, government agencies and financial institutions. The retail banking segment represents the provision of a range of financial products and services to retail customers. The financial markets business segment covers the Group's financial markets business operations. The financial markets business enters into inter-bank money market transactions, repurchases transactions and investments. Other segments represent assets, liabilities, income and expenses which cannot be directly attributable or cannot be allocated to a segment on a reasonable basis.
Executives
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Xu Yan 2201 Interest of corporation controlled by you
Piramid Park Co., Ltd 2201 Interest of corporation controlled by you
New Merit Group Limited 2101 Beneficial owner
Goncius I Limited 2101 Beneficial owner
Gold Leading Capital Limited 2106 Person having a security interest in shares
Guangzhou Rural Commercial Bank Co., Ltd. 2106 Person having a security interest in shares
L.r. Capital Management Company (cayman) Limited 2201 Interest of corporation controlled by you
Amtd Group Company Limited 2201 Interest of corporation controlled by you
Zhongchuang Investment (holdings) Limited 2201 Interest of corporation controlled by you
Yingchuang International Investment Limited 2201 Interest of corporation controlled by you
Tian Kun Investment Limited 2101 Beneficial owner
Zhong Guo Min Sheng Tou Zi Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Min Wei Lai Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Rui Pei Tou Zi Shang Hai You Xian Gong Si 2201 Interest of corporation controlled by you

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