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Hong Kong Shanghai Alliance Holdings (HKSE:01001) Cyclically Adjusted Price-to-FCF : (As of Jun. 19, 2024)


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What is Hong Kong Shanghai Alliance Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Kong Shanghai Alliance Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hong Kong Shanghai Alliance 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.

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Hong Kong Shanghai Alliance Holdings Cyclically Adjusted Price-to-FCF Chart

Hong Kong Shanghai Alliance Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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Hong Kong Shanghai Alliance Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of Hong Kong Shanghai Alliance Holdings's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Hong Kong Shanghai Alliance 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.


Hong Kong Shanghai Alliance Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hong Kong Shanghai Alliance Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hong Kong Shanghai Alliance Holdings's Cyclically Adjusted Price-to-FCF falls into.



Hong Kong Shanghai Alliance 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.

Hong Kong Shanghai Alliance Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Hong Kong Shanghai Alliance Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.001/115.4269*115.4269
=0.001

Current CPI (Mar23) = 115.4269.

Hong Kong Shanghai Alliance Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.454 95.749 -0.547
201503 -0.108 99.927 -0.125
201603 -0.004 102.785 -0.004
201703 -0.613 103.335 -0.685
201803 -0.209 105.973 -0.228
201903 -0.196 108.172 -0.209
202003 0.108 110.920 0.112
202103 0.119 111.579 0.123
202203 0.109 113.558 0.111
202303 0.001 115.427 0.001

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.


Hong Kong Shanghai Alliance Holdings  (HKSE:01001) 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.


Hong Kong Shanghai Alliance Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Hong Kong Shanghai Alliance Holdings (HKSE:01001) Business Description

Traded in Other Exchanges
N/A
Address
41 Lockhart Road, East Town Building, Rooms 1103-05, 11th Floor, Wanchai, Hong Kong, HKG
Hong Kong Shanghai Alliance Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the distribution and processing of construction materials such as steel products; trading of sanitary wares and kitchen cabinets; and property investment and fund management businesses. The company's segment includes Steels Distribution and Processing Business; Building Products Distribution Business and Property Investment and Fund Management Business. The company generates maximum revenue from the Steels Distribution and Processing Business segment. Geographically the group has a presence in Hong Kong and Mainland China, of which key revenue is generated from Hong Kong.
Executives
Perfect Capital International Corp. 2101 Beneficial owner
Huge Top Industrial Ltd. 2101 Beneficial owner
Yao Cho Fai Andrew 2101 Beneficial owner

Hong Kong Shanghai Alliance Holdings (HKSE:01001) Headlines

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