GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Everbright Securities Co Ltd (HKSE:06178) » Definitions » Cyclically Adjusted Price-to-FCF

Everbright Securities Co (HKSE:06178) Cyclically Adjusted Price-to-FCF : 13.32 (As of Sep. 22, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Everbright Securities Co Cyclically Adjusted Price-to-FCF?

As of today (2024-09-22), Everbright Securities Co's current share price is HK$5.06. Everbright Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was HK$0.38. Everbright Securities Co's Cyclically Adjusted Price-to-FCF for today is 13.32.

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

HKSE:06178' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.63   Med: 32.7   Max: 87.82
Current: 13.04

During the past years, Everbright Securities Co's highest Cyclically Adjusted Price-to-FCF was 87.82. The lowest was 12.63. And the median was 32.70.

HKSE:06178's Cyclically Adjusted Price-to-FCF is ranked better than
65.49% of 226 companies
in the Capital Markets industry
Industry Median: 19.45 vs HKSE:06178: 13.04

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.

Everbright Securities Co's adjusted free cash flow per share data for the three months ended in Jun. 2024 was HK$2.009. 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$0.38 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Everbright Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Everbright Securities 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.

Everbright Securities Co Cyclically Adjusted Price-to-FCF Chart

Everbright Securities 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 - - 85.63 31.78 22.08

Everbright Securities Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 24.38 36.34 22.08 22.28 13.00

Competitive Comparison of Everbright Securities Co's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Everbright Securities 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.


Everbright Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

* The bar in red indicates where Everbright Securities Co's Cyclically Adjusted Price-to-FCF falls into.



Everbright Securities 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.

Everbright Securities Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.06/0.38
=13.32

* 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.

Everbright Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Everbright Securities Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=2.009/117.7354*117.7354
=2.009

Current CPI (Jun. 2024) = 117.7354.

Everbright Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 3.367 97.948 4.047
201412 4.711 99.707 5.563
201503 0.343 99.927 0.404
201506 15.428 99.267 18.298
201509 -6.714 99.927 -7.911
201512 -6.857 102.015 -7.914
201603 1.959 102.785 2.244
201606 0.138 101.686 0.160
201609 -5.126 102.565 -5.884
201612 -2.344 103.225 -2.674
201703 -2.078 103.335 -2.368
201706 1.787 103.664 2.030
201709 -1.854 103.994 -2.099
201712 -8.763 104.984 -9.827
201803 1.198 105.973 1.331
201806 -1.087 106.193 -1.205
201809 -1.493 106.852 -1.645
201812 -3.113 107.622 -3.406
201903 6.398 108.172 6.964
201906 3.564 109.601 3.829
201909 0.163 110.260 0.174
201912 -1.071 110.700 -1.139
202003 5.591 110.920 5.935
202006 -3.967 110.590 -4.223
202009 -0.203 107.512 -0.222
202012 4.724 109.711 5.070
202103 1.724 111.579 1.819
202106 -2.636 111.360 -2.787
202109 1.840 109.051 1.987
202112 -2.201 112.349 -2.307
202203 4.719 113.558 4.893
202206 -1.342 113.448 -1.393
202209 -0.100 113.778 -0.103
202212 0.855 114.548 0.879
202303 0.496 115.427 0.506
202306 -0.816 115.647 -0.831
202309 -0.302 116.087 -0.306
202312 3.577 117.296 3.590
202403 0.903 117.735 0.903
202406 2.009 117.735 2.009

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.


Everbright Securities Co  (HKSE:06178) 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.


Everbright Securities Co Cyclically Adjusted Price-to-FCF Related Terms

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


Everbright Securities Co Business Description

Traded in Other Exchanges
Address
12/F, 108 Gloucester Road, Everbright Centre, Wan Chai, Hong Kong, HKG
Everbright Securities Co Ltd is a China-based company is engaged in providing brokerage and investment consulting services. The Company's business includes wealth management business segment, corporate financing business segment, institutional customer business segment, investment trading business segment, asset management business segment and equity investment business segment. The company generates the majority of its revenue from wealth management business segment.
Executives
Zhong Guo Chuan Bo Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cssc International Holding Company Limited 2101 Beneficial owner
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
China Shipbuilding Capital Limited 2101 Beneficial owner

Everbright Securities Co Headlines

No Headlines