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Hong Fok (SGX:H30) Cyclically Adjusted Price-to-FCF : 13.92 (As of May. 14, 2024)


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What is Hong Fok Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Hong Fok's current share price is S$0.835. Hong Fok's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.06. Hong Fok's Cyclically Adjusted Price-to-FCF for today is 13.92.

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

SGX:H30' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.33   Med: 66   Max: 100
Current: 13.58

During the past 13 years, Hong Fok's highest Cyclically Adjusted Price-to-FCF was 100.00. The lowest was 13.33. And the median was 66.00.

SGX:H30's Cyclically Adjusted Price-to-FCF is ranked worse than
53.53% of 695 companies
in the Real Estate industry
Industry Median: 12.62 vs SGX:H30: 13.58

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.

Hong Fok's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$0.083. 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 S$0.06 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Fok Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hong Fok'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.

Hong Fok Cyclically Adjusted Price-to-FCF Chart

Hong Fok 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 65.90 59.18 46.46 33.61 14.71

Hong Fok 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 46.46 - 33.61 - 14.71

Competitive Comparison of Hong Fok's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Hong Fok'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.


Hong Fok's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Fok's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hong Fok 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.

Hong Fok's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.835/0.06
=13.92

* 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.

Hong Fok's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hong Fok'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)
=0.083/129.4194*129.4194
=0.083

Current CPI (Dec23) = 129.4194.

Hong Fok Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.164 99.070 0.214
201512 0.003 99.792 0.004
201612 -0.063 101.863 -0.080
201712 -0.074 104.011 -0.092
201812 0.095 105.998 0.116
201912 0.074 108.420 0.088
202012 0.038 109.897 0.045
202112 0.073 117.630 0.080
202212 0.155 125.222 0.160
202312 0.083 129.419 0.083

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.


Hong Fok  (SGX:H30) 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.


Hong Fok Cyclically Adjusted Price-to-FCF Related Terms

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


Hong Fok (SGX:H30) Business Description

Industry
Traded in Other Exchanges
N/A
Address
300 Beach Road, No. 41-00, The Concourse, Singapore, SGP, 199555
Hong Fok Corp Ltd is an investment holding company. Its principal activities consist of investment, property development, and construction, property management, investment trading, provision of horticultural services and investment holding and management. The company has three reportable segments: Property investment - which includes investments in investment properties; Property development and construction - which develops retail and residential units, including the sale of residential units, and construction of a hotel; and Property management - which provides maintenance and management services. It generates most of its revenue from the Property investment segment.

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