GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chong Hong Construction Co Ltd (TPE:5534) » Definitions » Cyclically Adjusted Price-to-FCF

Chong Hong Construction Co (TPE:5534) Cyclically Adjusted Price-to-FCF : 49.79 (As of Jun. 16, 2024)


View and export this data going back to 2004. Start your Free Trial

What is Chong Hong Construction Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-16), Chong Hong Construction Co's current share price is NT$119.50. Chong Hong Construction Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.40. Chong Hong Construction Co's Cyclically Adjusted Price-to-FCF for today is 49.79.

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

TPE:5534' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.69   Med: 38.35   Max: 2137.5
Current: 49.88

During the past years, Chong Hong Construction Co's highest Cyclically Adjusted Price-to-FCF was 2137.50. The lowest was 27.69. And the median was 38.35.

TPE:5534's Cyclically Adjusted Price-to-FCF is ranked worse than
88.51% of 696 companies
in the Real Estate industry
Industry Median: 12.28 vs TPE:5534: 49.88

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.

Chong Hong Construction Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.110. 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$2.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chong Hong Construction Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chong Hong Construction 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.

Chong Hong Construction Co Cyclically Adjusted Price-to-FCF Chart

Chong Hong Construction 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 36.58 1,913.53 - - 41.15

Chong Hong Construction 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 - - - 41.15 36.81

Competitive Comparison of Chong Hong Construction Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Chong Hong Construction 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.


Chong Hong Construction Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Chong Hong Construction 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.

Chong Hong Construction Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=119.50/2.4
=49.79

* 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.

Chong Hong Construction Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Chong Hong Construction 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)
=-0.11/131.7762*131.7762
=-0.110

Current CPI (Mar. 2024) = 131.7762.

Chong Hong Construction Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.893 100.560 1.170
201409 2.159 100.428 2.833
201412 -0.722 99.070 -0.960
201503 -1.266 99.621 -1.675
201506 0.525 100.684 0.687
201509 6.928 100.392 9.094
201512 -1.458 99.792 -1.925
201603 4.936 100.470 6.474
201606 -0.779 101.688 -1.009
201609 0.067 101.861 0.087
201612 -4.962 101.863 -6.419
201703 0.010 102.862 0.013
201706 6.429 103.349 8.197
201709 -0.480 104.136 -0.607
201712 -3.205 104.011 -4.061
201803 13.755 105.290 17.215
201806 -1.456 106.317 -1.805
201809 6.076 106.507 7.518
201812 1.603 105.998 1.993
201903 3.865 107.251 4.749
201906 0.376 108.070 0.458
201909 1.493 108.329 1.816
201912 -1.329 108.420 -1.615
202003 2.748 108.902 3.325
202006 -3.609 108.767 -4.372
202009 -13.884 109.815 -16.661
202012 9.229 109.897 11.066
202103 -5.066 111.754 -5.974
202106 -6.492 114.631 -7.463
202109 -2.928 115.734 -3.334
202112 -0.749 117.630 -0.839
202203 6.927 121.301 7.525
202206 -3.708 125.017 -3.908
202209 -4.803 125.227 -5.054
202212 -2.039 125.222 -2.146
202303 -1.567 127.348 -1.621
202306 -1.820 128.729 -1.863
202309 8.154 129.860 8.274
202312 4.799 129.419 4.886
202403 -0.110 131.776 -0.110

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.


Chong Hong Construction Co  (TPE:5534) 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.


Chong Hong Construction Co Cyclically Adjusted Price-to-FCF Related Terms

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


Chong Hong Construction Co (TPE:5534) Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Beiping East Road, 11th Floor, Zhongzheng District, Taipei, TWN, 100
Chong Hong Construction Co Ltd primarily operates in the development, sale, and leasing of residential and commercial property in Taiwan. The company derives revenue from the proceeds of lands, properties, contract fees, and rental income. The revenue from lands represents more than half of group income, followed by property revenue. The company operates through two segments. The Building segment is engaged in the construction of commercial buildings, public housings and the lease of factories. The construction segment is engaged in building and construction projects.

Chong Hong Construction Co (TPE:5534) Headlines

No Headlines