GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Public Financial Holdings Ltd (HKSE:00626) » Definitions » Cyclically Adjusted Price-to-FCF

Public Financial Holdings (HKSE:00626) Cyclically Adjusted Price-to-FCF : 10.31 (As of May. 27, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Public Financial Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Public Financial Holdings's current share price is HK$1.34. Public Financial Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.13. Public Financial Holdings's Cyclically Adjusted Price-to-FCF for today is 10.31.

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

HKSE:00626' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.89   Med: 8.48   Max: 34
Current: 9.91

During the past 13 years, Public Financial Holdings's highest Cyclically Adjusted Price-to-FCF was 34.00. The lowest was 5.89. And the median was 8.48.

HKSE:00626's Cyclically Adjusted Price-to-FCF is ranked worse than
67.87% of 831 companies
in the Banks industry
Industry Median: 7.36 vs HKSE:00626: 9.91

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.

Public Financial Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.021. 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$0.13 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Public Financial Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Public Financial 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.

Public Financial Holdings Cyclically Adjusted Price-to-FCF Chart

Public Financial 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 - 24.92 32.61 8.84 12.09

Public Financial 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 32.61 - 8.84 - 12.09

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

For the Banks - Regional subindustry, Public Financial 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.


Public Financial Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Public Financial 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.34/0.13
=10.31

* 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.

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

For example, Public Financial 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)
=0.021/117.2957*117.2957
=0.021

Current CPI (Dec23) = 117.2957.

Public Financial Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.435 99.707 -0.512
201512 -0.230 102.015 -0.264
201612 1.260 103.225 1.432
201712 -0.510 104.984 -0.570
201812 -0.028 107.622 -0.031
201912 1.034 110.700 1.096
202012 1.253 109.711 1.340
202112 -0.697 112.349 -0.728
202212 -0.441 114.548 -0.452
202312 0.021 117.296 0.021

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.


Public Financial Holdings  (HKSE:00626) 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.


Public Financial Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Public Financial Holdings (HKSE:00626) Business Description

Traded in Other Exchanges
N/A
Address
120 Des Voeux Road Central, 2nd Floor, Public Bank Centre, Hong Kong, HKG
Public Financial Holdings Ltd is a Hong Kong-based investment and property holding company. It provides financial services. The Company operates through three segments. Retail and Commercial Banking segment includes deposit account services, property mortgages, and consumer lending, hire purchase and leasing, financing services, foreign exchange businesses, centralized cash management for deposit-taking and lending, interest rate risk management, and the overall funding management of the company. Wealth Management Services, Stock Broking and Securities Management segment includes the management of investment in debt securities and equities, the dealing and brokerage of securities, as well as wealth management products and services. Other segment includes trading and leasing taxis.
Executives
Teh Hong Piow

Public Financial Holdings (HKSE:00626) Headlines

No Headlines