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Hang Lung Group (Hang Lung Group) Cyclically Adjusted Price-to-FCF : 11.84 (As of May. 14, 2024)


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What is Hang Lung Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Hang Lung Group's current share price is $5.80. Hang Lung Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.49. Hang Lung Group's Cyclically Adjusted Price-to-FCF for today is 11.84.

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

HNLGY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.85   Med: 20.42   Max: 127.29
Current: 11.36

During the past 13 years, Hang Lung Group's highest Cyclically Adjusted Price-to-FCF was 127.29. The lowest was 8.85. And the median was 20.42.

HNLGY's Cyclically Adjusted Price-to-FCF is ranked better than
54.68% of 695 companies
in the Real Estate industry
Industry Median: 12.62 vs HNLGY: 11.36

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.

Hang Lung Group's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $0.418. 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 $0.49 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hang Lung Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hang Lung Group'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.

Hang Lung Group Cyclically Adjusted Price-to-FCF Chart

Hang Lung Group 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 38.21 - 116.03 49.34 13.43

Hang Lung Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 116.03 - 49.34 - 13.43

Competitive Comparison of Hang Lung Group's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Hang Lung Group'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.


Hang Lung Group's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hang Lung Group's Cyclically Adjusted Price-to-FCF falls into.



Hang Lung Group 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.

Hang Lung Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.80/0.49
=11.84

* 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.

Hang Lung Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hang Lung Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.418/117.2957*117.2957
=0.418

Current CPI (Dec23) = 117.2957.

Hang Lung Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 4.819 99.707 5.669
201512 -0.090 102.015 -0.103
201612 2.062 103.225 2.343
201712 2.155 104.984 2.408
201812 -3.245 107.622 -3.537
201912 -3.114 110.700 -3.300
202012 0.301 109.711 0.322
202112 0.078 112.349 0.081
202212 0.812 114.548 0.831
202312 0.418 117.296 0.418

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.


Hang Lung Group  (OTCPK:HNLGY) 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.


Hang Lung Group Cyclically Adjusted Price-to-FCF Related Terms

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


Hang Lung Group (Hang Lung Group) Business Description

Industry
Traded in Other Exchanges
Address
4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG
Hang Lung Group Ltd is an investment holding company engaged in the property leasing business. The Company operates its business through two segments. The Property Leasing segment engages in the property leasing operation. The Company's investment properties portfolio consists of retail, office, residential, serviced apartments, and car parks, located in mainland China and Hong Kong, and the Property Sales segment engages in the development and sale of trading properties in mainland China and Hong Kong. It derives a majority of its revenue from the property leasing segment.

Hang Lung Group (Hang Lung Group) Headlines