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China Merchants Port Holdings Co (China Merchants Port Holdings Co) Cyclically Adjusted Price-to-FCF : 9.79 (As of May. 02, 2024)


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What is China Merchants Port Holdings Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), China Merchants Port Holdings Co's current share price is $1.37. China Merchants Port Holdings Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.14. China Merchants Port Holdings Co's Cyclically Adjusted Price-to-FCF for today is 9.79.

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

CMHHF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.92   Med: 20.55   Max: 105.89
Current: 8.78

During the past 13 years, China Merchants Port Holdings Co's highest Cyclically Adjusted Price-to-FCF was 105.89. The lowest was 7.92. And the median was 20.55.

CMHHF's Cyclically Adjusted Price-to-FCF is ranked better than
72.14% of 420 companies
in the Transportation industry
Industry Median: 18.235 vs CMHHF: 8.78

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.

China Merchants Port Holdings Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $0.187. 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 $0.14 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Merchants Port Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Merchants Port Holdings 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.

China Merchants Port Holdings Co Cyclically Adjusted Price-to-FCF Chart

China Merchants Port Holdings 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 16.00 11.21 15.04 10.73 9.02

China Merchants Port Holdings 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 15.04 - 10.73 - 9.02

Competitive Comparison of China Merchants Port Holdings Co's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, China Merchants Port Holdings 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.


China Merchants Port Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Merchants Port Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Merchants Port Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



China Merchants Port Holdings 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.

China Merchants Port Holdings Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.37/0.14
=9.79

* 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.

China Merchants Port Holdings Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Merchants Port Holdings 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)
=0.187/117.2957*117.2957
=0.187

Current CPI (Dec23) = 117.2957.

China Merchants Port Holdings Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.049 99.707 0.058
201512 0.144 102.015 0.166
201612 0.124 103.225 0.141
201712 0.109 104.984 0.122
201812 0.106 107.622 0.116
201912 0.105 110.700 0.111
202012 0.127 109.711 0.136
202112 0.223 112.349 0.233
202212 0.242 114.548 0.248
202312 0.187 117.296 0.187

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.


China Merchants Port Holdings Co  (OTCPK:CMHHF) 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.


China Merchants Port Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

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China Merchants Port Holdings Co (China Merchants Port Holdings Co) Business Description

Traded in Other Exchanges
Address
168-200 Connaught Road Central, 38th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG
China Merchants Port Holdings Co Ltd is a port operator. It has a geographically diversified port network stretching across China's coastline, as well as growing exposure in overseas ports. The company also provides bonded logistic park operation, along with property development through its associates and joint-controlled entities. Its operating segment includes Ports operation and Other operations. The company generates maximum revenue from the Ports operation segment.

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