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Hyflux (SGX:600) Cyclically Adjusted Price-to-FCF : (As of Jun. 25, 2024)


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What is Hyflux Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyflux Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hyflux'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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Hyflux Cyclically Adjusted Price-to-FCF Chart

Hyflux Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Hyflux Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Hyflux's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Water subindustry, Hyflux'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.


Hyflux's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hyflux's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hyflux 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.

Hyflux's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Hyflux's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.022/106.5067*106.5067
=-0.022

Current CPI (Sep. 2018) = 106.5067.

Hyflux Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 0.000 88.697 0.000
200903 -0.076 89.744 -0.090
200906 0.089 91.003 0.104
200909 -0.047 91.120 -0.055
200912 0.064 91.111 0.075
201003 -0.052 91.821 -0.060
201006 -0.018 91.962 -0.021
201009 0.001 92.162 0.001
201012 -0.036 92.474 -0.041
201103 -0.072 94.283 -0.081
201106 0.052 95.235 0.058
201109 -0.077 95.727 -0.086
201112 -0.036 95.213 -0.040
201203 -0.024 96.783 -0.026
201206 -0.121 96.819 -0.133
201209 -0.072 97.633 -0.079
201212 -0.115 96.871 -0.126
201303 -0.174 98.209 -0.189
201306 -0.104 98.518 -0.112
201309 -0.170 98.790 -0.183
201312 -0.080 98.326 -0.087
201403 -0.061 99.695 -0.065
201406 -0.056 100.560 -0.059
201409 -0.061 100.428 -0.065
201412 -0.112 99.070 -0.120
201503 -0.040 99.621 -0.043
201506 -0.056 100.684 -0.059
201509 0.012 100.392 0.013
201512 0.016 99.792 0.017
201603 -0.053 100.470 -0.056
201606 -0.119 101.688 -0.125
201609 -0.106 101.861 -0.111
201612 -0.096 101.863 -0.100
201703 -0.117 102.862 -0.121
201706 -0.115 103.349 -0.119
201709 -0.049 104.136 -0.050
201712 -0.012 104.011 -0.012
201803 -0.088 105.290 -0.089
201806 0.018 106.317 0.018
201809 -0.022 106.507 -0.022

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.


Hyflux  (SGX:600) 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.


Hyflux Cyclically Adjusted Price-to-FCF Related Terms

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Hyflux (SGX:600) Business Description

Industry
Traded in Other Exchanges
N/A
Address
80 Bendemeer Road, Hyflux Innovation Centre, Singapore, SGP, 339949
Hyflux Ltd through its subsidiaries is engaged in seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation and ultra-pure water production for municipal and industrial clients as well as home consumer, filtration, and purification products. The company operates through two segments: Municipal and Industrial. The Municipal segment supplies a range of water and fluid treatment solutions to municipalities and governments, including commissioning, operation, and maintenance of a range of water treatment and liquid separation plants. The Industrial segment includes liquid separation applications for the manufacturing sector, such as the pharmaceutical, biotechnology, food processing, and petrochemical oil-related industries.

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