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Hung Ching Developmentnstruction Co (TPE:2527) Cyclically Adjusted Price-to-FCF : (As of Jun. 21, 2024)


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What is Hung Ching Developmentnstruction Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hung Ching Developmentnstruction Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hung Ching Developmentnstruction 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.

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Hung Ching Developmentnstruction Co Cyclically Adjusted Price-to-FCF Chart

Hung Ching Developmentnstruction Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hung Ching Developmentnstruction Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Hung Ching Developmentnstruction Co's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Hung Ching Developmentnstruction 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.


Hung Ching Developmentnstruction Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Hung Ching Developmentnstruction Co's Cyclically Adjusted Price-to-FCF falls into.



Hung Ching Developmentnstruction 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.

Hung Ching Developmentnstruction Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hung Ching Developmentnstruction 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)
=-3.673/131.7762*131.7762
=-3.673

Current CPI (Mar. 2024) = 131.7762.

Hung Ching Developmentnstruction Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.129 100.560 -2.790
201409 14.751 100.428 19.356
201412 -1.997 99.070 -2.656
201503 -2.247 99.621 -2.972
201506 6.538 100.684 8.557
201509 -3.599 100.392 -4.724
201512 -1.627 99.792 -2.148
201603 -2.239 100.470 -2.937
201606 -3.538 101.688 -4.585
201609 -4.212 101.861 -5.449
201612 -2.900 101.863 -3.752
201703 -1.643 102.862 -2.105
201706 -2.273 103.349 -2.898
201709 -2.937 104.136 -3.717
201712 -2.162 104.011 -2.739
201803 -2.219 105.290 -2.777
201806 -1.043 106.317 -1.293
201809 3.531 106.507 4.369
201812 4.598 105.998 5.716
201903 0.029 107.251 0.036
201906 1.445 108.070 1.762
201909 12.366 108.329 15.042
201912 1.619 108.420 1.968
202003 0.404 108.902 0.489
202006 -0.082 108.767 -0.099
202009 1.198 109.815 1.438
202012 4.062 109.897 4.871
202103 1.369 111.754 1.614
202106 4.539 114.631 5.218
202109 -1.782 115.734 -2.029
202112 -0.153 117.630 -0.171
202203 -2.902 121.301 -3.153
202206 -2.263 125.017 -2.385
202209 -2.988 125.227 -3.144
202212 -2.647 125.222 -2.786
202303 -2.151 127.348 -2.226
202306 -4.639 128.729 -4.749
202309 3.553 129.860 3.605
202312 -7.440 129.419 -7.575
202403 -3.673 131.776 -3.673

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.


Hung Ching Developmentnstruction Co  (TPE:2527) 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.


Hung Ching Developmentnstruction Co Cyclically Adjusted Price-to-FCF Related Terms

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Hung Ching Developmentnstruction Co (TPE:2527) Business Description

Traded in Other Exchanges
N/A
Address
Keelung Road, 10th Floor, No.420, Section 1, Taipei, TWN
Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in the construction of national residential and commercial buildings for rent and sale. It is also engaged in the trading of various building materials. Reporting segments of the Group are divided into Real estate development, Construction, and Lease; Real estate is the key revenue driver for the company. Real estate development conducting sales of residential and commercial property and plant. Construction provides the building of residential and commercial property and plants. The leasing segment includes the lease of investment property.

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