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New World Development Co (New World Development Co) Cyclically Adjusted Price-to-FCF : 3.20 (As of Apr. 29, 2024)


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What is New World Development Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), New World Development Co's current share price is $0.5125. New World Development Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was $0.16. New World Development Co's Cyclically Adjusted Price-to-FCF for today is 3.20.

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

NDVLY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.84   Med: 38.39   Max: 71.21
Current: 3.11

During the past 13 years, New World Development Co's highest Cyclically Adjusted Price-to-FCF was 71.21. The lowest was 2.84. And the median was 38.39.

NDVLY's Cyclically Adjusted Price-to-FCF is ranked better than
86.18% of 680 companies
in the Real Estate industry
Industry Median: 12.525 vs NDVLY: 3.11

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.

New World Development Co's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was $0.279. 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 $0.16 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


New World Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for New World Development 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.

New World Development Co Cyclically Adjusted Price-to-FCF Chart

New World Development Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.42 - 53.30 11.44 7.36

New World Development Co 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 - 11.44 - 7.36 -

Competitive Comparison of New World Development Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, New World Development 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.


New World Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New World Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where New World Development Co's Cyclically Adjusted Price-to-FCF falls into.



New World Development 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.

New World Development Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.5125/0.16
=3.20

* 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.

New World Development Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, New World Development Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.279/115.6468*115.6468
=0.279

Current CPI (Jun23) = 115.6468.

New World Development Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.116 96.409 0.139
201506 0.289 99.267 0.337
201606 0.226 101.686 0.257
201706 0.085 103.664 0.095
201806 0.196 106.193 0.213
201906 0.175 109.601 0.185
202006 -0.260 110.590 -0.272
202106 0.244 111.360 0.253
202206 0.188 113.448 0.192
202306 0.279 115.647 0.279

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.


New World Development Co  (OTCPK:NDVLY) 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.


New World Development Co Cyclically Adjusted Price-to-FCF Related Terms

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


New World Development Co (New World Development Co) Business Description

Traded in Other Exchanges
Address
16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG
New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.