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Innovax Holdings (HKSE:02680) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2025)


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What is Innovax Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Innovax Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Innovax 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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Innovax Holdings Cyclically Adjusted Price-to-FCF Chart

Innovax Holdings Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Cyclically Adjusted Price-to-FCF
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Innovax Holdings Semi-Annual Data
Feb16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25
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Competitive Comparison of Innovax Holdings's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Innovax 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.


Innovax Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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


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Innovax 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.

Innovax Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Feb24 is calculated as:

For example, Innovax Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Feb24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb24 (Change)*Current CPI (Feb24)
=0.436/117.7354*117.7354
=0.436

Current CPI (Feb24) = 117.7354.

Innovax Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
0.000 0.000
201602 0.228 103.225 0.260
201702 0.265 103.115 0.303
201802 0.559 106.303 0.619
201902 0.017 108.501 0.018
202002 -2.302 111.030 -2.441
202102 -0.524 111.469 -0.553
202202 -0.132 113.338 -0.137
202302 0.570 115.317 0.582
202402 0.436 117.735 0.436

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.


Innovax Holdings  (HKSE:02680) 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.


Innovax Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Innovax Holdings Business Description

Traded in Other Exchanges
N/A
Address
128 Gloucester Road, Unit A-C, 20/F, Neich Tower, Wanchai, Hong Kong, HKG
Innovax Holdings Ltd is a financial and securities service provider in Hong Kong. The services offered by the group include corporate finance advisory services; placing and underwriting services; securities dealing and brokerage services; securities financing services; asset management services and money lending services. The services are offered to retail and corporate clients.
Executives
Chung Chi Man 2101 Beneficial owner
Billion Shine International Investment Limited 2101 Beneficial owner
Lee Yin Har 2202 Interest of your spouse

Innovax Holdings Headlines

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