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Hainan Airlines Holding Co (SHSE:900945) Cyclically Adjusted Price-to-FCF : 6.85 (As of Jun. 08, 2024)


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What is Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Hainan Airlines Holding Co's current share price is $0.137. Hainan Airlines Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.02. Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF for today is 6.85.

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

SHSE:900945' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.24   Med: 9.42   Max: 52
Current: 8.45

During the past years, Hainan Airlines Holding Co's highest Cyclically Adjusted Price-to-FCF was 52.00. The lowest was 6.24. And the median was 9.42.

SHSE:900945's Cyclically Adjusted Price-to-FCF is ranked better than
75.52% of 429 companies
in the Transportation industry
Industry Median: 17.7 vs SHSE:900945: 8.45

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.

Hainan Airlines Holding Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.012. 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 $0.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hainan Airlines 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.

Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF Chart

Hainan Airlines 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 8.00 8.30 8.74 11.38 8.70

Hainan Airlines Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 10.94 9.45 10.65 8.70 8.98

Competitive Comparison of Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Hainan Airlines 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.


Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hainan Airlines 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.

Hainan Airlines 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
=0.137/0.02
=6.85

* 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.

Hainan Airlines Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hainan Airlines Holding Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.012/115.2271*115.2271
=0.012

Current CPI (Mar. 2024) = 115.2271.

Hainan Airlines Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.004 98.200 0.005
201409 0.008 98.900 0.009
201412 -0.056 99.000 -0.065
201503 0.006 99.900 0.007
201506 0.023 99.500 0.027
201509 0.000 100.500 0.000
201512 0.019 100.600 0.022
201603 0.070 102.200 0.079
201606 0.011 101.400 0.012
201609 0.037 102.400 0.042
201612 -0.039 102.600 -0.044
201703 0.029 103.200 0.032
201706 -0.007 103.100 -0.008
201709 0.004 104.100 0.004
201712 -0.021 104.500 -0.023
201803 -0.018 105.300 -0.020
201806 0.034 104.900 0.037
201809 0.002 106.600 0.002
201812 0.051 106.500 0.055
201903 0.007 107.700 0.007
201906 0.021 107.700 0.022
201909 0.005 109.800 0.005
201912 0.015 111.200 0.016
202003 -0.018 112.300 -0.018
202006 -0.051 110.400 -0.053
202009 -0.038 111.700 -0.039
202012 0.099 111.500 0.102
202103 0.004 112.662 0.004
202106 0.006 111.769 0.006
202109 0.004 112.215 0.004
202112 -0.017 113.108 -0.017
202203 -0.018 114.335 -0.018
202206 0.004 114.558 0.004
202209 0.004 115.339 0.004
202212 -0.005 115.116 -0.005
202303 0.009 115.116 0.009
202306 0.009 114.558 0.009
202309 0.012 115.339 0.012
202312 -0.011 114.781 -0.011
202403 0.012 115.227 0.012

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.


Hainan Airlines Holding Co  (SHSE:900945) 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.


Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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Hainan Airlines Holding Co (SHSE:900945) Business Description

Traded in Other Exchanges
Address
No. 7 Guoxing Avenue, Hainan Airlines Building, Hainan Province, Haikou, CHN, 570203
Hainan Airlines Holding Co Ltd is an airline company. The company is engaged in international and domestic air passenger and postal transport business. Its services include aviation travel, production of onboard supplies, aviation equipment, aviation ground equipment and spare parts, terminal service and operation; insurance, and agency service.

Hainan Airlines Holding Co (SHSE:900945) Headlines

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