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Hisense Home Appliances Group Co (SZSE:000921) Cyclically Adjusted Price-to-FCF : 18.09 (As of Jun. 20, 2024)


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What is Hisense Home Appliances Group Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Hisense Home Appliances Group Co's current share price is ¥37.44. Hisense Home Appliances Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥2.07. Hisense Home Appliances Group Co's Cyclically Adjusted Price-to-FCF for today is 18.09.

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

SZSE:000921' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.67   Med: 19.96   Max: 89.65
Current: 18.24

During the past years, Hisense Home Appliances Group Co's highest Cyclically Adjusted Price-to-FCF was 89.65. The lowest was 7.67. And the median was 19.96.

SZSE:000921's Cyclically Adjusted Price-to-FCF is ranked worse than
52.43% of 185 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 17.81 vs SZSE:000921: 18.24

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.

Hisense Home Appliances Group Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.069. 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 ¥2.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hisense Home Appliances Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co Cyclically Adjusted Price-to-FCF Chart

Hisense Home Appliances Group 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 24.83 16.60 13.60 10.29 9.91

Hisense Home Appliances Group 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 15.53 17.33 12.26 9.91 14.66

Competitive Comparison of Hisense Home Appliances Group Co's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Hisense Home Appliances Group 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.


Hisense Home Appliances Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hisense Home Appliances Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hisense Home Appliances Group Co's Cyclically Adjusted Price-to-FCF falls into.



Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=37.44/2.07
=18.09

* 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.

Hisense Home Appliances Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hisense Home Appliances Group 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)
=-0.069/117.7354*117.7354
=-0.069

Current CPI (Mar. 2024) = 117.7354.

Hisense Home Appliances Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.021 96.409 -0.026
201409 0.085 97.948 0.102
201412 0.203 99.707 0.240
201503 -0.186 99.927 -0.219
201506 -0.171 99.267 -0.203
201509 0.079 99.927 0.093
201512 0.299 102.015 0.345
201603 -0.280 102.785 -0.321
201606 0.937 101.686 1.085
201609 0.920 102.565 1.056
201612 0.317 103.225 0.362
201703 -0.268 103.335 -0.305
201706 0.548 103.664 0.622
201709 0.180 103.994 0.204
201712 -0.425 104.984 -0.477
201803 -0.552 105.973 -0.613
201806 0.893 106.193 0.990
201809 0.820 106.852 0.904
201812 -0.656 107.622 -0.718
201903 0.101 108.172 0.110
201906 1.232 109.601 1.323
201909 0.338 110.260 0.361
201912 -0.484 110.700 -0.515
202003 -0.028 110.920 -0.030
202006 1.895 110.590 2.017
202009 1.041 107.512 1.140
202012 1.145 109.711 1.229
202103 -0.218 111.579 -0.230
202106 1.421 111.360 1.502
202109 0.724 109.051 0.782
202112 0.413 112.349 0.433
202203 -0.326 113.558 -0.338
202206 0.495 113.448 0.514
202209 2.306 113.778 2.386
202212 -0.174 114.548 -0.179
202303 0.497 115.427 0.507
202306 1.976 115.647 2.012
202309 3.486 116.087 3.536
202312 1.129 117.296 1.133
202403 -0.069 117.735 -0.069

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.


Hisense Home Appliances Group Co  (SZSE:000921) 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.


Hisense Home Appliances Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Hisense Home Appliances Group Co (SZSE:000921) Business Description

Traded in Other Exchanges
Address
No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303
Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.
Executives
Tang Ye Guo Directors, executives
Fan Wei Supervisors
Dai Hui Zhong Director
Jia Shao Qian Directors, executives
Wang Zhi Gang Executives
Xiao Jian Lin Directors, executives
Wang Jiu Cun Executives

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