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Top Spring International Holdings (HKSE:03688) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Top Spring International Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Top Spring International Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Top Spring International 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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Top Spring International Holdings Cyclically Adjusted Price-to-FCF Chart

Top Spring International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Top Spring International Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Top Spring International Holdings's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Top Spring International 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.


Top Spring International Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Top Spring International Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Top Spring International 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.

Top Spring International Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Top Spring International Holdings'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)
=0.228/117.2957*117.2957
=0.228

Current CPI (Dec23) = 117.2957.

Top Spring International Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 2.181 99.707 2.566
201512 -0.006 102.015 -0.007
201612 -1.296 103.225 -1.473
201712 -2.945 104.984 -3.290
201812 -1.699 107.622 -1.852
201912 -0.818 110.700 -0.867
202012 -0.322 109.711 -0.344
202112 0.139 112.349 0.145
202212 0.157 114.548 0.161
202312 0.228 117.296 0.228

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.


Top Spring International Holdings  (HKSE:03688) 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.


Top Spring International Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Top Spring International Holdings (HKSE:03688) Business Description

Traded in Other Exchanges
N/A
Address
6-8 Harbour Road, Rooms 04-08, 26th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically company has a presence in China, Hong Kong, and Australia, with key revenue coming from China.

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