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China Financial Services Holdings (HKSE:00605) Cyclically Adjusted Price-to-FCF : 0.22 (As of May. 22, 2024)


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What is China Financial Services Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), China Financial Services Holdings's current share price is HK$0.29. China Financial Services Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$1.31. China Financial Services Holdings's Cyclically Adjusted Price-to-FCF for today is 0.22.

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

HKSE:00605' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.17   Med: 1.07   Max: 5.48
Current: 0.22

During the past 13 years, China Financial Services Holdings's highest Cyclically Adjusted Price-to-FCF was 5.48. The lowest was 0.17. And the median was 1.07.

HKSE:00605's Cyclically Adjusted Price-to-FCF is ranked better than
99.02% of 102 companies
in the Credit Services industry
Industry Median: 9.295 vs HKSE:00605: 0.22

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 Financial Services Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.411. 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$1.31 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Financial Services Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Financial Services 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.

China Financial Services Holdings Cyclically Adjusted Price-to-FCF Chart

China Financial Services 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 - - 5.43 2.46 0.23

China Financial Services 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 5.43 - 2.46 - 0.23

Competitive Comparison of China Financial Services Holdings's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, China Financial Services 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.


China Financial Services Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Financial Services Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Financial Services Holdings's Cyclically Adjusted Price-to-FCF falls into.



China Financial Services 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.

China Financial Services Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.29/1.31
=0.22

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

For example, China Financial Services 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)
=1.411/117.2957*117.2957
=1.411

Current CPI (Dec23) = 117.2957.

China Financial Services Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.715 99.707 0.841
201512 -4.611 102.015 -5.302
201612 0.145 103.225 0.165
201712 -1.351 104.984 -1.509
201812 2.891 107.622 3.151
201912 3.802 110.700 4.029
202012 5.645 109.711 6.035
202112 2.912 112.349 3.040
202212 1.217 114.548 1.246
202312 1.411 117.296 1.411

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 Financial Services Holdings  (HKSE:00605) 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 Financial Services Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


China Financial Services Holdings (HKSE:00605) Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Harbour Road, Suite 5606, 56th Floor, Central Plaza, Wanchai, Hong Kong, HKG
China Financial Services Holdings Ltd is a non-bank financial service provider. The company is involved in providing customized financial services and solutions to small and medium-sized enterprises (SMEs). It is primarily engaged in the direct loan, financial guarantee and financial advisory businesses. The company finances its direct loan services using its own capital. In view of helping SMEs to obtain a loan from financial institutions, the company provides financial guarantee services through its financial guarantee company. Geographically, it has operations in Hong Kong, China, and the United Kingdom. Most of the group's revenue is generated from China.

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