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Hopson Development Holdings (HKSE:00754) Cyclically Adjusted FCF per Share : HK$1.07 (As of Dec. 2023)


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What is Hopson Development Holdings Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Hopson Development Holdings's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was HK$4.133. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is HK$1.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hopson Development Holdings's average Cyclically Adjusted FCF Growth Rate was 39.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Hopson Development Holdings was 76.00% per year. The lowest was -54.90% per year. And the median was 39.40% per year.

As of today (2024-06-19), Hopson Development Holdings's current stock price is HK$ 3.59. Hopson Development Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was HK$1.07. Hopson Development Holdings's Cyclically Adjusted Price-to-FCF of today is 3.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hopson Development Holdings was 83.10. The lowest was 3.18. And the median was 21.39.


Hopson Development Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hopson Development Holdings's Cyclically Adjusted FCF per Share 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.

Hopson Development Holdings Cyclically Adjusted FCF per Share Chart

Hopson Development Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 -0.27 0.38 0.77 1.07

Hopson Development Holdings 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 FCF per Share 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 0.38 - 0.77 - 1.07

Competitive Comparison of Hopson Development Holdings's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Hopson Development Holdings'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.


Hopson Development Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Hopson Development Holdings's Cyclically Adjusted Price-to-FCF falls into.



Hopson Development Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Hopson Development Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.133/117.2957*117.2957
=4.133

Current CPI (Dec. 2023) = 117.2957.

Hopson Development Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.881 99.707 -1.036
201512 1.075 102.015 1.236
201612 1.319 103.225 1.499
201712 0.611 104.984 0.683
201812 1.374 107.622 1.498
201912 0.606 110.700 0.642
202012 -8.033 109.711 -8.588
202112 5.525 112.349 5.768
202212 4.734 114.548 4.848
202312 4.133 117.296 4.133

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Hopson Development Holdings  (HKSE:00754) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Hopson Development Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.59/1.07
=3.36

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hopson Development Holdings was 83.10. The lowest was 3.18. And the median was 21.39.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Hopson Development Holdings Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Hopson Development Holdings's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Hopson Development Holdings (HKSE:00754) Business Description

Traded in Other Exchanges
N/A
Address
99 Queen’s Road Central, Unit 4903-10, 49th Floor, The Center, Central, Hong Kong, HKG
Hopson Development Holdings Ltd is engaged in the development of medium to high-end large-scale residential properties. The company has five operating segment which includes the Real Estate segment, Commercial segment, Property management segment, Investments segment, and Infrastructure segment. It generates maximum revenue from Property development.
Executives
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
Sounda Properties Limited 2101 Beneficial owner
Chu Mang Yee 2201 Interest of corporation controlled by you
Clear Build Investments Limited 2201 Interest of corporation controlled by you
Farrich Investments Limited 2101 Beneficial owner
Thebest Investments Limited 2201 Interest of corporation controlled by you
Chu Yat Hong 2201 Interest of corporation controlled by you

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