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Kingston Financial Group (HKSE:01031) Cyclically Adjusted Price-to-FCF : (As of Jun. 25, 2024)


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What is Kingston Financial Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingston Financial Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kingston Financial Group'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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Kingston Financial Group Cyclically Adjusted Price-to-FCF Chart

Kingston Financial Group Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 108.10 41.86 121.71

Kingston Financial Group Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
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 - 41.86 - 121.71 -

Competitive Comparison of Kingston Financial Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Kingston Financial Group'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.


Kingston Financial Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Kingston Financial Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kingston Financial Group 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.

Kingston Financial Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar22 is calculated as:

For example, Kingston Financial Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar22 (Change)*Current CPI (Mar22)
=0.055/113.5581*113.5581
=0.055

Current CPI (Mar22) = 113.5581.

Kingston Financial Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 -0.056 92.122 -0.069
201403 -0.105 95.749 -0.125
201503 -0.188 99.927 -0.214
201603 -0.161 102.785 -0.178
201703 0.025 103.335 0.027
201803 0.019 105.973 0.020
201903 0.210 108.172 0.220
202003 0.137 110.920 0.140
202103 0.140 111.579 0.142
202203 0.055 113.558 0.055

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.


Kingston Financial Group  (HKSE:01031) 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.


Kingston Financial Group Cyclically Adjusted Price-to-FCF Related Terms

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Kingston Financial Group (HKSE:01031) Business Description

Traded in Other Exchanges
N/A
Address
99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG
Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.
Executives
Active Dynamic Limited 2101 Beneficial owner
Chu Yuet Wah

Kingston Financial Group (HKSE:01031) Headlines

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