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Melbourne Enterprises (HKSE:00158) Cyclically Adjusted Price-to-FCF : 12.50 (As of May. 17, 2024)


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What is Melbourne Enterprises Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Melbourne Enterprises's current share price is HK$70.00. Melbourne Enterprises's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was HK$5.60. Melbourne Enterprises's Cyclically Adjusted Price-to-FCF for today is 12.50.

The historical rank and industry rank for Melbourne Enterprises's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00158' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.31   Med: 30.08   Max: 41.62
Current: 12.31

During the past 13 years, Melbourne Enterprises's highest Cyclically Adjusted Price-to-FCF was 41.62. The lowest was 12.31. And the median was 30.08.

HKSE:00158's Cyclically Adjusted Price-to-FCF is ranked better than
51.3% of 694 companies
in the Real Estate industry
Industry Median: 12.645 vs HKSE:00158: 12.31

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.

Melbourne Enterprises's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was HK$4.084. 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$5.60 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melbourne Enterprises Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Melbourne Enterprises'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.

Melbourne Enterprises Cyclically Adjusted Price-to-FCF Chart

Melbourne Enterprises Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.10 27.90 25.04 21.05 21.05

Melbourne Enterprises Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 25.04 - 21.05 - 21.05

Competitive Comparison of Melbourne Enterprises's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Melbourne Enterprises'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.


Melbourne Enterprises's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Melbourne Enterprises's Cyclically Adjusted Price-to-FCF falls into.



Melbourne Enterprises 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.

Melbourne Enterprises's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.00/5.6
=12.50

* 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.

Melbourne Enterprises's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Melbourne Enterprises's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=4.084/116.0865*116.0865
=4.084

Current CPI (Sep23) = 116.0865.

Melbourne Enterprises Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 5.204 97.948 6.168
201509 6.042 99.927 7.019
201609 6.468 102.565 7.321
201709 5.957 103.994 6.650
201809 6.100 106.852 6.627
201909 6.165 110.260 6.491
202009 4.693 107.512 5.067
202109 2.988 109.051 3.181
202209 3.373 113.778 3.441
202309 4.084 116.087 4.084

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.


Melbourne Enterprises  (HKSE:00158) 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.


Melbourne Enterprises Cyclically Adjusted Price-to-FCF Related Terms

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


Melbourne Enterprises (HKSE:00158) Business Description

Traded in Other Exchanges
N/A
Address
33 Queen’s Road Central, Rooms 2102-4, Melbourne Plaza, Hong Kong, HKG
Melbourne Enterprises Ltd is an investment holding company. The company's only operating segment is property investment. It generates maximum revenue from the Rental income. The properties under the company include Melbourne Plaza, Kimley Commercial Building, as well as residential properties in the Foshan Golf Club project.

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