GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Asiaray Media Group Ltd (HKSE:01993) » Definitions » Cyclically Adjusted Price-to-FCF

Asiaray Media Group (HKSE:01993) Cyclically Adjusted Price-to-FCF : 1.13 (As of Dec. 12, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Asiaray Media Group Cyclically Adjusted Price-to-FCF?

As of today (2024-12-12), Asiaray Media Group's current share price is HK$0.95. Asiaray Media Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.84. Asiaray Media Group's Cyclically Adjusted Price-to-FCF for today is 1.13.

The historical rank and industry rank for Asiaray Media Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01993' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.6   Med: 1.36   Max: 2.46
Current: 1.24

During the past 11 years, Asiaray Media Group's highest Cyclically Adjusted Price-to-FCF was 2.46. The lowest was 0.60. And the median was 1.36.

HKSE:01993's Cyclically Adjusted Price-to-FCF is ranked better than
94.89% of 333 companies
in the Media - Diversified industry
Industry Median: 14.91 vs HKSE:01993: 1.24

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.

Asiaray Media Group's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.519. 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$0.84 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asiaray Media Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asiaray Media 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.

* Premium members only.

Asiaray Media Group Cyclically Adjusted Price-to-FCF Chart

Asiaray Media Group 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 - - - 1.83 1.06

Asiaray Media Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 - 1.83 - 1.06 -

Competitive Comparison of Asiaray Media Group's Cyclically Adjusted Price-to-FCF

For the Advertising Agencies subindustry, Asiaray Media 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.


Asiaray Media Group's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Asiaray Media Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Asiaray Media 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.

Asiaray Media Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.95/0.84
=1.13

* 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.

Asiaray Media Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Asiaray Media Group'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)
=1.519/117.2957*117.2957
=1.519

Current CPI (Dec23) = 117.2957.

Asiaray Media Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.102 99.707 0.120
201512 -0.452 102.015 -0.520
201612 -0.114 103.225 -0.130
201712 0.166 104.984 0.185
201812 0.155 107.622 0.169
201912 1.470 110.700 1.558
202012 1.387 109.711 1.483
202112 2.096 112.349 2.188
202212 1.787 114.548 1.830
202312 1.519 117.296 1.519

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.


Asiaray Media Group  (HKSE:01993) 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.


Asiaray Media Group Cyclically Adjusted Price-to-FCF Related Terms

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


Asiaray Media Group Business Description

Traded in Other Exchanges
N/A
Address
1 Kornhill Road, 16th Floor, Kornhill Plaza - Office Tower, Quarry Bay, Hong Kong, HKG
Asiaray Media Group Ltd is an investment holding company. It operates in three segments: the Airports business, which operates advertising services in airports; the Metro Lines and billboards business segment includes the operation of advertising services in metro lines; and billboards and building solutions; and Bus and other business, which provides advertising service in bus exterior & interior, and bus shelter, and also advertising services from other media spaces. Its geographical segments are Mainland China and Hong Kong, of which the vast majority of its revenue comes from Mainland China.
Executives
Media Cornerstone Limited
Ubs Trustees (b.v.i.) Limited
Space Management Limited
Lam Tak Hing
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ant Small And Micro Financial Services Group Co., Ltd. 2201 Interest of corporation controlled by you
Antfin (hong Kong) Holding Limited 2101 Beneficial owner
Hang Zhou Yun Qiang Qi Ye Guan Li Zi Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Great World Hk Media Pte. Ltd. 2101 Beneficial owner
L Capital Asia 2 Gp 2201 Interest of corporation controlled by you
L Capital Asia 2 Lp 2201 Interest of corporation controlled by you

Asiaray Media Group Headlines

No Headlines