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High Fashion International (HKSE:00608) Cyclically Adjusted Price-to-FCF : 12.33 (As of Jun. 19, 2024)


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What is High Fashion International Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), High Fashion International's current share price is HK$1.48. High Fashion International's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.12. High Fashion International's Cyclically Adjusted Price-to-FCF for today is 12.33.

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

HKSE:00608' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.75   Med: 37   Max: 198
Current: 12.3

During the past 13 years, High Fashion International's highest Cyclically Adjusted Price-to-FCF was 198.00. The lowest was 10.75. And the median was 37.00.

HKSE:00608's Cyclically Adjusted Price-to-FCF is ranked better than
65.84% of 363 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 17.71 vs HKSE:00608: 12.30

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.

High Fashion International's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.637. 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$0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


High Fashion International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for High Fashion International'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.

High Fashion International Cyclically Adjusted Price-to-FCF Chart

High Fashion International 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 172.19 19.99 40.52 34.94 12.05

High Fashion International 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 40.52 - 34.94 - 12.05

Competitive Comparison of High Fashion International's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, High Fashion International'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.


High Fashion International's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, High Fashion International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where High Fashion International's Cyclically Adjusted Price-to-FCF falls into.



High Fashion International 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.

High Fashion International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.48/0.12
=12.33

* 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.

High Fashion International's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, High Fashion International'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)
=0.637/117.2957*117.2957
=0.637

Current CPI (Dec23) = 117.2957.

High Fashion International Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.261 99.707 0.307
201512 0.089 102.015 0.102
201612 -0.420 103.225 -0.477
201712 -0.491 104.984 -0.549
201812 0.492 107.622 0.536
201912 0.101 110.700 0.107
202012 0.160 109.711 0.171
202112 -0.261 112.349 -0.272
202212 0.626 114.548 0.641
202312 0.637 117.296 0.637

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.


High Fashion International  (HKSE:00608) 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.


High Fashion International Cyclically Adjusted Price-to-FCF Related Terms

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


High Fashion International (HKSE:00608) Business Description

Traded in Other Exchanges
N/A
Address
1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG
High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.
Executives
Lam Foo Wah 2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited 2101 Beneficial owner
Leung Shuk Bing 2202 Interest of your spouse
Hinton Company Limited 2101 Beneficial owner

High Fashion International (HKSE:00608) Headlines

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