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Ching Lee Holdings (HKSE:03728) Cyclically Adjusted Price-to-FCF : 7.50 (As of Jun. 12, 2024)


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What is Ching Lee Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-12), Ching Lee Holdings's current share price is HK$0.075. Ching Lee Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was HK$0.01. Ching Lee Holdings's Cyclically Adjusted Price-to-FCF for today is 7.50.

The historical rank and industry rank for Ching Lee Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:03728' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.3   Med: 10   Max: 12
Current: 10.38

During the past 10 years, Ching Lee Holdings's highest Cyclically Adjusted Price-to-FCF was 12.00. The lowest was 7.30. And the median was 10.00.

HKSE:03728's Cyclically Adjusted Price-to-FCF is ranked better than
68.32% of 584 companies
in the Construction industry
Industry Median: 17.615 vs HKSE:03728: 10.38

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.

Ching Lee Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was HK$-0.011. 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$0.01 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ching Lee Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ching Lee 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.

* Premium members only.

Ching Lee Holdings Cyclically Adjusted Price-to-FCF Chart

Ching Lee Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 16.39

Ching Lee Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - - - 16.39 -

Competitive Comparison of Ching Lee Holdings's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Ching Lee 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.


Ching Lee Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ching Lee Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ching Lee 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.

Ching Lee Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.075/0.01
=7.50

* 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.

Ching Lee Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Ching Lee Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=-0.011/115.4269*115.4269
=-0.011

Current CPI (Mar23) = 115.4269.

Ching Lee Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.008 95.749 -0.010
201503 0.024 99.927 0.028
201603 0.063 102.785 0.071
201703 -0.034 103.335 -0.038
201803 -0.026 105.973 -0.028
201903 -0.058 108.172 -0.062
202003 0.054 110.920 0.056
202103 0.074 111.579 0.077
202203 -0.009 113.558 -0.009
202303 -0.011 115.427 -0.011

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.


Ching Lee Holdings  (HKSE:03728) 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.


Ching Lee Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Ching Lee Holdings (HKSE:03728) Business Description

Traded in Other Exchanges
N/A
Address
28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG
Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services and repair, maintenance, alteration and addition works services. Substructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively while repair, maintenance, alteration and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation works and RMAA works services segment. Majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.
Executives
Ng Choi Wah 2101 Beneficial owner

Ching Lee Holdings (HKSE:03728) Headlines

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