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Agricultural Bank of China (HKSE:01288) Cyclically Adjusted Price-to-FCF : 2.87 (As of Sep. 22, 2024)


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What is Agricultural Bank of China Cyclically Adjusted Price-to-FCF?

As of today (2024-09-22), Agricultural Bank of China's current share price is HK$3.67. Agricultural Bank of China's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was HK$1.28. Agricultural Bank of China's Cyclically Adjusted Price-to-FCF for today is 2.87.

The historical rank and industry rank for Agricultural Bank of China's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01288' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.02   Med: 3.41   Max: 4.47
Current: 2.67

During the past years, Agricultural Bank of China's highest Cyclically Adjusted Price-to-FCF was 4.47. The lowest was 2.02. And the median was 3.41.

HKSE:01288's Cyclically Adjusted Price-to-FCF is ranked better than
83.35% of 871 companies
in the Banks industry
Industry Median: 8.6 vs HKSE:01288: 2.67

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.

Agricultural Bank of China's adjusted free cash flow per share data for the three months ended in Jun. 2024 was HK$-1.458. 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$1.28 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agricultural Bank of China Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Agricultural Bank of China'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.

Agricultural Bank of China Cyclically Adjusted Price-to-FCF Chart

Agricultural Bank of China 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 3.77 3.20 3.00 2.35 2.05

Agricultural Bank of China Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.09 2.25 2.05 2.19 2.60

Competitive Comparison of Agricultural Bank of China's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Agricultural Bank of China'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.


Agricultural Bank of China's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Agricultural Bank of China's Cyclically Adjusted Price-to-FCF falls into.



Agricultural Bank of China 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.

Agricultural Bank of China's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.67/1.28
=2.87

* 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.

Agricultural Bank of China's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Agricultural Bank of China's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-1.458/117.7354*117.7354
=-1.458

Current CPI (Jun. 2024) = 117.7354.

Agricultural Bank of China Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -1.639 97.948 -1.970
201412 -0.163 99.707 -0.192
201503 1.493 99.927 1.759
201506 0.490 99.267 0.581
201509 -0.047 99.927 -0.055
201512 1.069 102.015 1.234
201603 0.659 102.785 0.755
201606 1.273 101.686 1.474
201609 -0.103 102.565 -0.118
201612 0.611 103.225 0.697
201703 0.944 103.335 1.076
201706 0.171 103.664 0.194
201709 0.923 103.994 1.045
201712 0.101 104.984 0.113
201803 -0.441 105.973 -0.490
201806 -0.399 106.193 -0.442
201809 1.155 106.852 1.273
201812 -0.050 107.622 -0.055
201903 0.855 108.172 0.931
201906 -0.890 109.601 -0.956
201909 0.348 110.260 0.372
201912 0.738 110.700 0.785
202003 0.811 110.920 0.861
202006 -1.751 110.590 -1.864
202009 0.097 107.512 0.106
202012 0.698 109.711 0.749
202103 1.240 111.579 1.308
202106 -0.781 111.360 -0.826
202109 -0.042 109.051 -0.045
202112 0.255 112.349 0.267
202203 1.270 113.558 1.317
202206 1.641 113.448 1.703
202209 1.398 113.778 1.447
202212 -0.226 114.548 -0.232
202303 2.866 115.427 2.923
202306 1.333 115.647 1.357
202309 0.010 116.087 0.010
202312 1.349 117.296 1.354
202403 2.281 117.735 2.281
202406 -1.458 117.735 -1.458

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.


Agricultural Bank of China  (HKSE:01288) 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.


Agricultural Bank of China Cyclically Adjusted Price-to-FCF Related Terms

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Agricultural Bank of China Business Description

Traded in Other Exchanges
Address
50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
China Taiping Insurance Holdings Company Limited 2201 Interest of corporation controlled by you
Zhong Guo Tai Ping Bao Xian Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Tai Ping Ren Shou Bao Xian You Xian Gong Si 2101 Beneficial owner
Tai Ping Zi Chan Guan Li You Xian Gong Si 2102 Investment manager

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