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Greatime International Holdings (HKSE:00844) Cyclically Adjusted Price-to-FCF : 10.63 (As of Jun. 20, 2024)


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What is Greatime International Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Greatime International Holdings's current share price is HK$0.425. Greatime International Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.04. Greatime International Holdings's Cyclically Adjusted Price-to-FCF for today is 10.63.

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

HKSE:00844' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8   Med: 21   Max: 45
Current: 12.75

During the past 13 years, Greatime International Holdings's highest Cyclically Adjusted Price-to-FCF was 45.00. The lowest was 8.00. And the median was 21.00.

HKSE:00844's Cyclically Adjusted Price-to-FCF is ranked better than
63.09% of 363 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 17.71 vs HKSE:00844: 12.75

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.

Greatime International Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.071. 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$0.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greatime International Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Greatime International 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.

Greatime International Holdings Cyclically Adjusted Price-to-FCF Chart

Greatime International 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 - 21.40 56.04 11.74 13.02

Greatime International 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 56.04 - 11.74 - 13.02

Competitive Comparison of Greatime International Holdings's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Greatime International 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.


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

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

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



Greatime International 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.

Greatime International Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.425/0.04
=10.63

* 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.

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

For example, Greatime International 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)
=0.071/114.7809*114.7809
=0.071

Current CPI (Dec23) = 114.7809.

Greatime International Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.065 99.000 0.075
201512 -0.019 100.600 -0.022
201612 0.082 102.600 0.092
201712 -0.014 104.500 -0.015
201812 -0.058 106.500 -0.063
201912 -0.072 111.200 -0.074
202012 0.063 111.500 0.065
202112 0.070 113.108 0.071
202212 0.169 115.116 0.169
202312 0.071 114.781 0.071

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.


Greatime International Holdings  (HKSE:00844) 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.


Greatime International Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Greatime International Holdings (HKSE:00844) Business Description

Traded in Other Exchanges
N/A
Address
No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN
Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment and Knitted Fabrics segment. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men and women and bibs for infants, among others. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.
Executives
Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited 2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

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