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Ho Chi Minh City Securities (STC:HCM) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Ho Chi Minh City Securities Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ho Chi Minh City Securities Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ho Chi Minh City Securities'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.

Ho Chi Minh City Securities Cyclically Adjusted Price-to-FCF Chart

Ho Chi Minh City Securities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ho Chi Minh City Securities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ho Chi Minh City Securities's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Ho Chi Minh City Securities'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.


Ho Chi Minh City Securities's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ho Chi Minh City Securities's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ho Chi Minh City Securities's Cyclically Adjusted Price-to-FCF falls into.



Ho Chi Minh City Securities 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.

Ho Chi Minh City Securities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ho Chi Minh City Securities's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=66.332/131.7762*131.7762
=66.332

Current CPI (Mar. 2024) = 131.7762.

Ho Chi Minh City Securities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -35.548 100.560 -46.583
201409 296.718 100.428 389.338
201412 655.983 99.070 872.547
201503 161.663 99.621 213.844
201506 -903.863 100.684 -1,182.986
201509 732.646 100.392 961.688
201512 -1,706.415 99.792 -2,253.327
201603 302.793 100.470 397.141
201606 -428.088 101.688 -554.753
201609 -195.996 101.861 -253.557
201612 -136.291 101.863 -176.315
201703 84.365 102.862 108.080
201706 -326.215 103.349 -415.943
201709 -510.859 104.136 -646.456
201712 -2,508.537 104.011 -3,178.175
201803 1,043.223 105.290 1,305.657
201806 3,769.716 106.317 4,672.440
201809 -1,885.050 106.507 -2,332.292
201812 151.320 105.998 188.120
201903 -762.973 107.251 -937.447
201906 -1,876.428 108.070 -2,288.051
201909 1,568.481 108.329 1,907.963
201912 -379.095 108.420 -460.760
202003 2,189.072 108.902 2,648.885
202006 -872.229 108.767 -1,056.742
202009 -3,606.447 109.815 -4,327.681
202012 -5,435.875 109.897 -6,518.106
202103 873.140 111.754 1,029.571
202106 -814.990 114.631 -936.884
202109 -4,168.431 115.734 -4,746.216
202112 -900.082 117.630 -1,008.330
202203 -2,621.665 121.301 -2,848.064
202206 7,307.213 125.017 7,702.299
202209 514.856 125.227 541.784
202212 4,530.880 125.222 4,768.037
202303 1,221.666 127.348 1,264.148
202306 -2,883.472 128.729 -2,951.735
202309 -3,730.184 129.860 -3,785.241
202312 -1,265.729 129.419 -1,288.779
202403 66.332 131.776 66.332

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.


Ho Chi Minh City Securities  (STC:HCM) 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.


Ho Chi Minh City Securities Cyclically Adjusted Price-to-FCF Related Terms

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Ho Chi Minh City Securities (STC:HCM) Business Description

Traded in Other Exchanges
N/A
Address
6 Le Lai, Ben Thanh Ward, Level 5&6, AB Tower, 7, District 1, Ho Chi Minh, VNM
Ho Chi Minh City Securities Corporation is a Vietnam-based securities brokerage and equities firm. It offers a full suite of services and financial products to private and institutional clients. The company provides brokerage and other supporting services including securities trading, underwriting for share issues, custodian services, finance and investment advisory services, investor capital support, portfolio management, pledge of securities, organizing investment and trading seminar, and margin trading services.