HKGEF (Hong Kong Economic Times Holdings) Cyclically Adjusted Price-to-FCF : 4.70 (As of Dec. 13, 2024)

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What is Hong Kong Economic Times Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-12-13), Hong Kong Economic Times Holdings's current share price is $0.094. Hong Kong Economic Times Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was $0.02. Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF for today is 4.70.

The historical rank and industry rank for Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKGEF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.75 Med: 8.97 Max: 14.56
Current: 4.52

During the past 13 years, Hong Kong Economic Times Holdings's highest Cyclically Adjusted Price-to-FCF was 14.56. The lowest was 0.75. And the median was 8.97.

HKGEF's Cyclically Adjusted Price-to-FCF is ranked better than
80.18% of 333 companies
in the Media - Diversified industry
Industry Median: 14.91 vs HKGEF: 4.52

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.

Hong Kong Economic Times Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was $-0.008. 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 $0.02 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation

Hong Kong Economic Times Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hong Kong Economic Times Holdings'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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Hong Kong Economic Times Holdings Cyclically Adjusted Price-to-FCF Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted Price-to-FCF

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9.31

8.67

8.26

6.29

5.15

Hong Kong Economic Times Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cyclically Adjusted Price-to-FCF	Get a 7-Day Free Trial															-	6.29	-	5.15	-

Competitive Comparison of Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF

For the Publishing subindustry, Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF falls into.

Hong Kong Economic Times Holdings 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.

Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF	=	Share Price	/	Cyclically Adjusted FCF per Share
	=	0.094	/	0.02
	=	4.70

Hong Kong Economic Times Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Hong Kong Economic Times Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare	=	Free Cash Flow per Share	/	CPI of Mar24 (Change)	*	Current CPI (Mar24)
	=	-0.008	/	117.7354	*	117.7354
	=	-0.008

Current CPI (Mar24) = 117.7354.

Hong Kong Economic Times Holdings Annual Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201503	0.002	99.927	0.002
201603	0.039	102.785	0.045
201703	0.022	103.335	0.025
201803	0.027	105.973	0.030
201903	0.017	108.172	0.019
202003	0.038	110.920	0.040
202103	0.038	111.579	0.040
202203	0.014	113.558	0.015
202303	0.015	115.427	0.015
202403	-0.008	117.735	-0.008

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.

Hong Kong Economic Times Holdings (OTCPK:HKGEF) 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.

Hong Kong Economic Times Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Hong Kong Economic Times Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Economic Times Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (OTCPK:HKGEF) » Definitions » Cyclically Adjusted Price-to-FCF

Traded in Other Exchanges

00423:Hong Kong

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.