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Tao Heung Holdings (HKSE:00573) Cyclically Adjusted Price-to-FCF : 2.88 (As of Jun. 19, 2024)


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What is Tao Heung Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), Tao Heung Holdings's current share price is HK$0.72. Tao Heung Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.25. Tao Heung Holdings's Cyclically Adjusted Price-to-FCF for today is 2.88.

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

HKSE:00573' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.83   Med: 6.06   Max: 27.11
Current: 2.83

During the past 13 years, Tao Heung Holdings's highest Cyclically Adjusted Price-to-FCF was 27.11. The lowest was 2.83. And the median was 6.06.

HKSE:00573's Cyclically Adjusted Price-to-FCF is ranked better than
95.08% of 122 companies
in the Restaurants industry
Industry Median: 15.88 vs HKSE:00573: 2.83

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.

Tao Heung Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.418. 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$0.25 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tao Heung Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tao Heung 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.

Tao Heung Holdings Cyclically Adjusted Price-to-FCF Chart

Tao Heung 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 7.20 4.78 4.74 4.64 2.94

Tao Heung 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 4.74 - 4.64 - 2.94

Competitive Comparison of Tao Heung Holdings's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Tao Heung 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.


Tao Heung Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tao Heung Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tao Heung Holdings's Cyclically Adjusted Price-to-FCF falls into.



Tao Heung 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.

Tao Heung Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.72/0.25
=2.88

* 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.

Tao Heung Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Tao Heung 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)
=0.418/117.2957*117.2957
=0.418

Current CPI (Dec23) = 117.2957.

Tao Heung Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.148 99.707 0.174
201512 0.103 102.015 0.118
201612 0.318 103.225 0.361
201712 0.165 104.984 0.184
201812 0.173 107.622 0.189
201912 0.530 110.700 0.562
202012 0.056 109.711 0.060
202112 0.311 112.349 0.325
202212 0.153 114.548 0.157
202312 0.418 117.296 0.418

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.


Tao Heung Holdings  (HKSE:00573) 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.


Tao Heung Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Tao Heung Holdings (HKSE:00573) Business Description

Traded in Other Exchanges
Address
Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG
Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.
Executives
Chung Wai Ping 2101 Beneficial owner
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