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The Wharf (Holdings) (HKSE:00004) Cyclically Adjusted Price-to-FCF : 7.00 (As of Jun. 02, 2024)


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What is The Wharf (Holdings) Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), The Wharf (Holdings)'s current share price is HK$23.25. The Wharf (Holdings)'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$3.32. The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF for today is 7.00.

The historical rank and industry rank for The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00004' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.53   Med: 8.51   Max: 50.41
Current: 7

During the past 13 years, The Wharf (Holdings)'s highest Cyclically Adjusted Price-to-FCF was 50.41. The lowest was 4.53. And the median was 8.51.

HKSE:00004's Cyclically Adjusted Price-to-FCF is ranked better than
67.19% of 695 companies
in the Real Estate industry
Industry Median: 12.53 vs HKSE:00004: 7.00

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.

The Wharf (Holdings)'s adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.590. 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 HK$3.32 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Wharf (Holdings) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Wharf (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.

* Premium members only.

The Wharf (Holdings) Cyclically Adjusted Price-to-FCF Chart

The Wharf (Holdings) 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 7.25 6.60 6.32 6.42 7.57

The Wharf (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 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 6.32 - 6.42 - 7.57

Competitive Comparison of The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, The Wharf (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.


The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF falls into.



The Wharf (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.

The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.25/3.32
=7.00

* 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.

The Wharf (Holdings)'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, The Wharf (Holdings)'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)
=0.59/117.2957*117.2957
=0.590

Current CPI (Dec23) = 117.2957.

The Wharf (Holdings) Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 5.425 99.707 6.382
201512 7.469 102.015 8.588
201612 8.868 103.225 10.077
201712 1.173 104.984 1.311
201812 -2.777 107.622 -3.027
201912 2.993 110.700 3.171
202012 3.242 109.711 3.466
202112 0.681 112.349 0.711
202212 1.909 114.548 1.955
202312 0.590 117.296 0.590

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.


The Wharf (Holdings)  (HKSE:00004) 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.


The Wharf (Holdings) Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of The Wharf (Holdings)'s Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


The Wharf (Holdings) (HKSE:00004) Business Description

Traded in Other Exchanges
Address
Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.
Executives
Hsbc Trustee (c.i.) Limited 2301 Trustee
Wheelock And Company Limited 2201 Interest of corporation controlled by you
Kowloon Wharf Pte Limited 2201 Interest of corporation controlled by you
Wheelock Investments Limited 2101 Beneficial owner
Wf Investment Partners Limited 2101 Beneficial owner

The Wharf (Holdings) (HKSE:00004) Headlines

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