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Hanhua Financial Holding Co (HKSE:03903) Cyclically Adjusted Price-to-FCF : 1.67 (As of May. 03, 2024)


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What is Hanhua Financial Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-03), Hanhua Financial Holding Co's current share price is HK$0.25. Hanhua Financial Holding Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.15. Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is 1.67.

The historical rank and industry rank for Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:03903' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.7   Med: 2.27   Max: 2.4
Current: 1.7

During the past 11 years, Hanhua Financial Holding Co's highest Cyclically Adjusted Price-to-FCF was 2.40. The lowest was 1.70. And the median was 2.27.

HKSE:03903's Cyclically Adjusted Price-to-FCF is ranked better than
87.25% of 102 companies
in the Credit Services industry
Industry Median: 9.3 vs HKSE:03903: 1.70

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.

Hanhua Financial Holding Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.111. 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$0.15 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanhua Financial Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hanhua Financial Holding Co'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.

Hanhua Financial Holding Co Cyclically Adjusted Price-to-FCF Chart

Hanhua Financial Holding Co 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 - - - - 2.29

Hanhua Financial Holding Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - 2.29

Competitive Comparison of Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, Hanhua Financial Holding Co'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.


Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF falls into.



Hanhua Financial Holding Co 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.

Hanhua Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.25/0.15
=1.67

* 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.

Hanhua Financial Holding Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hanhua Financial Holding Co'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)
=0.111/114.6694*114.6694
=0.111

Current CPI (Dec23) = 114.6694.

Hanhua Financial Holding Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.233 99.000 -0.270
201512 -0.227 100.600 -0.259
201612 -0.010 102.600 -0.011
201712 -0.139 104.500 -0.153
201812 0.435 106.500 0.468
201912 0.483 111.200 0.498
202012 0.712 111.500 0.732
202112 0.357 113.108 0.362
202212 0.051 115.116 0.051
202312 0.111 114.669 0.111

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.


Hanhua Financial Holding Co  (HKSE:03903) 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.


Hanhua Financial Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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Hanhua Financial Holding Co (HKSE:03903) Business Description

Traded in Other Exchanges
N/A
Address
11 East Honghu Road, 6-9, Building 2, Yubei District, Chongqing, CHN
Hanhua Financial Holding Co Ltd is engaged in the investment business, investment management, and investment advisory. The company offers financial services to serve the financing and business needs of SMEs and microenterprises under several business lines such as credit guarantee, small loans, internet finance, financial factoring, capital management, and financing leases in China. Its segment includes partnership finance business; SME lending; capital investment and management; and others. It derives revenue by provision of integrated financial services and solutions such as credit guarantee business and capital business (capital business includes accounts receivables for factoring business, bill discount business, and entrusted loans), financial assets management, and other services.

Hanhua Financial Holding Co (HKSE:03903) Headlines

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