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Cathay Real Estate Development Co (TPE:2501) Cyclically Adjusted Price-to-FCF : 35.46 (As of Jan. 19, 2025)


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What is Cathay Real Estate Development Co Cyclically Adjusted Price-to-FCF?

As of today (2025-01-19), Cathay Real Estate Development Co's current share price is NT$23.05. Cathay Real Estate Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was NT$0.65. Cathay Real Estate Development Co's Cyclically Adjusted Price-to-FCF for today is 35.46.

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

TPE:2501' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.39   Med: 27.29   Max: 238.33
Current: 35.23

During the past years, Cathay Real Estate Development Co's highest Cyclically Adjusted Price-to-FCF was 238.33. The lowest was 15.39. And the median was 27.29.

TPE:2501's Cyclically Adjusted Price-to-FCF is ranked worse than
83.09% of 674 companies
in the Real Estate industry
Industry Median: 11.94 vs TPE:2501: 35.23

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.

Cathay Real Estate Development Co's adjusted free cash flow per share data for the three months ended in Sep. 2024 was NT$-0.506. 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 NT$0.65 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cathay Real Estate Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cathay Real Estate Development 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.

Cathay Real Estate Development Co Cyclically Adjusted Price-to-FCF Chart

Cathay Real Estate Development 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 22.51 17.25 20.86 25.65 206.56

Cathay Real Estate Development Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 206.56 55.40 73.15 38.90

Competitive Comparison of Cathay Real Estate Development Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Cathay Real Estate Development 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.


Cathay Real Estate Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Cathay Real Estate Development Co's Cyclically Adjusted Price-to-FCF falls into.



Cathay Real Estate Development 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.

Cathay Real Estate Development Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.05/0.65
=35.46

* 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.

Cathay Real Estate Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Cathay Real Estate Development Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.506/133.0289*133.0289
=-0.506

Current CPI (Sep. 2024) = 133.0289.

Cathay Real Estate Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.134 99.070 1.523
201503 0.545 99.621 0.728
201506 -0.175 100.684 -0.231
201509 -0.860 100.392 -1.140
201512 0.956 99.792 1.274
201603 -1.365 100.470 -1.807
201606 2.104 101.688 2.752
201609 0.790 101.861 1.032
201612 3.636 101.863 4.748
201703 0.335 102.862 0.433
201706 -0.158 103.349 -0.203
201709 0.002 104.136 0.003
201712 0.490 104.011 0.627
201803 0.675 105.290 0.853
201806 -0.475 106.317 -0.594
201809 -1.149 106.507 -1.435
201812 2.365 105.998 2.968
201903 -0.071 107.251 -0.088
201906 1.010 108.070 1.243
201909 -0.673 108.329 -0.826
201912 1.437 108.420 1.763
202003 -2.300 108.902 -2.810
202006 -0.306 108.767 -0.374
202009 0.810 109.815 0.981
202012 2.516 109.897 3.046
202103 -0.816 111.754 -0.971
202106 -4.020 114.631 -4.665
202109 0.335 115.734 0.385
202112 0.969 117.630 1.096
202203 -4.458 121.301 -4.889
202206 -2.053 125.017 -2.185
202209 0.627 125.227 0.666
202212 4.098 125.222 4.353
202303 -1.464 127.348 -1.529
202306 0.758 128.729 0.783
202309 -2.356 129.860 -2.414
202312 1.070 129.419 1.100
202403 1.789 131.776 1.806
202406 -0.950 132.554 -0.953
202409 -0.506 133.029 -0.506

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.


Cathay Real Estate Development Co  (TPE:2501) 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.


Cathay Real Estate Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Cathay Real Estate Development Co Business Description

Traded in Other Exchanges
N/A
Address
Dunhua South Road, 2nd Floor, No. 218, Section 2, Da’an District, Taipei, TWN, 106
Cathay Real Estate Development Co Ltd specialises in property construction, development, and distribution of residential and commercial buildings. The major property types the company provides are high rise residential buildings, shops, office buildings and integrated commercial buildings. The company's services cover the most of the urban areas in Taiwan. The company also operates other real estate businesses related to its primary business, such as engineering, real estate management and consultant subsidiaries. It generates the majority of the revenue from Sales of buildings and land, followed by Construction income, Service income and Others.

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