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The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is The Hongkong and Shanghai Hotels Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Hongkong and Shanghai Hotels Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Hongkong and Shanghai Hotels'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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The Hongkong and Shanghai Hotels Cyclically Adjusted Price-to-FCF Chart

The Hongkong and Shanghai Hotels Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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The Hongkong and Shanghai Hotels Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of The Hongkong and Shanghai Hotels's Cyclically Adjusted Price-to-FCF

For the Lodging subindustry, The Hongkong and Shanghai Hotels'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.


The Hongkong and Shanghai Hotels's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Hongkong and Shanghai Hotels's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where The Hongkong and Shanghai Hotels's Cyclically Adjusted Price-to-FCF falls into.



The Hongkong and Shanghai Hotels 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.

The Hongkong and Shanghai Hotels's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, The Hongkong and Shanghai Hotels'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)
=0.09/117.2957*117.2957
=0.090

Current CPI (Dec23) = 117.2957.

The Hongkong and Shanghai Hotels Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.087 99.707 0.102
201512 -0.015 102.015 -0.017
201612 -0.103 103.225 -0.117
201712 -0.001 104.984 -0.001
201812 -0.001 107.622 -0.001
201912 -0.030 110.700 -0.032
202012 -0.151 109.711 -0.161
202112 -0.107 112.349 -0.112
202212 -0.166 114.548 -0.170
202312 0.090 117.296 0.090

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.


The Hongkong and Shanghai Hotels  (OTCPK:HKSHF) 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.


The Hongkong and Shanghai Hotels Cyclically Adjusted Price-to-FCF Related Terms

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The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Business Description

Traded in Other Exchanges
Address
2 Ice House Street, 8th Floor, St. George’s Building, Central, Hong Kong, HKG
The Hongkong and Shanghai Hotels Ltd is a hotel owner and operator, domiciled in Hong Kong. The company organises itself into three segments: hotels, commercial properties, and clubs and services. The hotel's segment, which contributes the vast majority of consolidated revenue, includes the company's hotel operations under The Peninsula brand in major cities across the globe, the most significant of which is The Peninsula Hong Kong. The commercial properties segment leases office buildings, residential apartments and retail spaces. Clubs and services operate golf courses, wholesales food, and provides laundry services. Geographically, domestic operations are the most significant contributor to company revenue, followed by Other Asia, and the U.S. and Europe.

The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Headlines

From GuruFocus

Hong Kong and Shanghai Hotels Trading at a Massive Discount to NAV

By Holmes Osborne, CFA Holmes Osborne, CFA 10-04-2016