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Capital Estate (HKSE:00193) Cyclically Adjusted Price-to-FCF : 12.83 (As of Jun. 20, 2024)


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What is Capital Estate Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Capital Estate's current share price is HK$0.385. Capital Estate's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 was HK$0.03. Capital Estate's Cyclically Adjusted Price-to-FCF for today is 12.83.

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

HKSE:00193' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.03   Med: 5.79   Max: 13.17
Current: 11.58

During the past 13 years, Capital Estate's highest Cyclically Adjusted Price-to-FCF was 13.17. The lowest was 4.03. And the median was 5.79.

HKSE:00193's Cyclically Adjusted Price-to-FCF is ranked better than
69.91% of 349 companies
in the Travel & Leisure industry
Industry Median: 21.78 vs HKSE:00193: 11.58

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.

Capital Estate's adjusted free cash flow per share data of for the fiscal year that ended in Jul23 was HK$-0.732. 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$0.03 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Estate Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Capital Estate'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.

Capital Estate Cyclically Adjusted Price-to-FCF Chart

Capital Estate Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 7.77 6.95

Capital Estate Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 7.77 - 6.95 -

Competitive Comparison of Capital Estate's Cyclically Adjusted Price-to-FCF

For the Lodging subindustry, Capital Estate'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.


Capital Estate's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Capital Estate's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Capital Estate 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.

Capital Estate's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.385/0.03
=12.83

* 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.

Capital Estate's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Capital Estate's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=-0.732/115.6468*115.6468
=-0.732

Current CPI (Jul23) = 115.6468.

Capital Estate Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 -0.475 97.288 -0.565
201507 -0.415 99.817 -0.481
201607 -0.878 102.125 -0.994
201707 0.335 104.104 0.372
201807 1.670 106.523 1.813
201907 0.221 110.040 0.232
202007 0.092 107.402 0.099
202107 -0.074 111.469 -0.077
202207 0.661 113.558 0.673
202307 -0.732 115.647 -0.732

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.


Capital Estate  (HKSE:00193) 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.


Capital Estate Cyclically Adjusted Price-to-FCF Related Terms

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


Capital Estate (HKSE:00193) Business Description

Traded in Other Exchanges
N/A
Address
13th Floor, Bonham Majoris, 40 Bonham Strand, Sheung Wan, Hong Kong, HKG
Capital Estate Ltd is a Hong Kong-based investment holding company. The company operates through three segments: Hotel Operations which is engaged in hotel businesses and the provision of related services; Financial Investment segment which is involved in the trading of listed securities and other financial instruments; Property segment which engages in leasing and sales of properties and Consumer finance which involves provision of consumer finance service. The majority of its revenue is derived from the Financial Investment. Geographically, it generates maximum revenue from Mainland China.
Executives
Nichrome Limited 2101 Beneficial owner
Sio Lai Na 2201 Interest of corporation controlled by you
Supervalue Holdings Limited 2101 Beneficial owner
Chu Nin Yiu, Stephen 2201 Interest of corporation controlled by you
Ae Majoris Global Investment Limited 2101 Beneficial owner
Lao Im Ha 2202 Interest of your spouse
Sio Tak Hong 2101 Beneficial owner
Tsui Wing Tak 2201 Interest of corporation controlled by you

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