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China Medical & HealthCare Group (HKSE:00383) Cyclically Adjusted Price-to-FCF : 3.40 (As of Apr. 30, 2024)


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What is China Medical & HealthCare Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), China Medical & HealthCare Group's current share price is HK$0.68. China Medical & HealthCare Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.20. China Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF for today is 3.40.

The historical rank and industry rank for China Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00383' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.86   Med: 9.46   Max: 21.43
Current: 3.39

During the past 13 years, China Medical & HealthCare Group's highest Cyclically Adjusted Price-to-FCF was 21.43. The lowest was 2.86. And the median was 9.46.

HKSE:00383's Cyclically Adjusted Price-to-FCF is ranked better than
92.17% of 166 companies
in the Healthcare Providers & Services industry
Industry Median: 24.24 vs HKSE:00383: 3.39

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 Medical & HealthCare Group's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.171. 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$0.20 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Medical & HealthCare Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Medical & HealthCare Group'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 Medical & HealthCare Group Cyclically Adjusted Price-to-FCF Chart

China Medical & HealthCare Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.39 10.04 6.17 3.83 3.99

China Medical & HealthCare Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 6.17 - 3.83 - 3.99

Competitive Comparison of China Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF

For the Medical Care Facilities subindustry, China Medical & HealthCare Group'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 Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF falls into.



China Medical & HealthCare Group 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 Medical & HealthCare Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.68/0.2
=3.40

* 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 Medical & HealthCare Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Medical & HealthCare Group'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)
=0.171/117.2957*117.2957
=0.171

Current CPI (Dec23) = 117.2957.

China Medical & HealthCare Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.015 96.409 0.018
201506 1.068 99.267 1.262
201606 -0.524 101.686 -0.604
201706 0.082 103.664 0.093
201806 1.248 106.193 1.378
201906 -0.130 109.601 -0.139
202012 -0.159 109.711 -0.170
202112 0.089 112.349 0.093
202212 -0.093 114.548 -0.095
202312 0.171 117.296 0.171

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 Medical & HealthCare Group  (HKSE:00383) 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 Medical & HealthCare Group Cyclically Adjusted Price-to-FCF Related Terms

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China Medical & HealthCare Group (HKSE:00383) Business Description

Traded in Other Exchanges
Address
333 Lockhart Road, 47th Floor, United Asia Finance Centre, Wanchai, Hong Kong, HKG
China Medical & HealthCare Group Ltd is a healthcare company operating hospitals. Its main focus is on the investment, management, and operations of healthcare and hospital businesses, eldercare businesses, trading of medical equipment and related supplies, property investment and development, securities trading and investments, provision of financial services, and strategic investment. It operates through the following business segments: Healthcare, Eldercare; Property development; Property investment; Financial services; and Securities trading and investments. The firm generates the majority of revenue from the Healthcare segment that is engaged in the operations of hospitals in the PRC.

China Medical & HealthCare Group (HKSE:00383) Headlines

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