GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Airlines Holding Co Ltd (SHSE:600221) » Definitions » Cyclically Adjusted Price-to-FCF

Hainan Airlines Holding Co (SHSE:600221) Cyclically Adjusted Price-to-FCF : 9.93 (As of Apr. 28, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Hainan Airlines Holding Co's current share price is ¥1.39. Hainan Airlines Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ¥0.14. Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF for today is 9.93.

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

SHSE:600221' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.24   Med: 9.72   Max: 52
Current: 10.01

During the past years, Hainan Airlines Holding Co's highest Cyclically Adjusted Price-to-FCF was 52.00. The lowest was 6.24. And the median was 9.72.

SHSE:600221's Cyclically Adjusted Price-to-FCF is ranked better than
70.24% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs SHSE:600221: 10.01

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.

Hainan Airlines Holding Co's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ¥0.086. 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 ¥0.14 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hainan Airlines Holding 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.

Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF Chart

Hainan Airlines Holding Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.91 8.00 8.30 8.74 11.38

Hainan Airlines Holding Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 9.16 11.38 10.94 9.45 10.65

Competitive Comparison of Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Hainan Airlines Holding 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.


Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF falls into.



Hainan Airlines Holding 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.

Hainan Airlines Holding Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.39/0.14
=9.93

* 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.

Hainan Airlines Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Hainan Airlines Holding Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.086/115.3387*115.3387
=0.086

Current CPI (Sep. 2023) = 115.3387.

Hainan Airlines Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.230 97.624 -0.272
201403 0.122 98.600 0.143
201406 0.027 98.200 0.032
201409 0.048 98.900 0.056
201412 -0.346 99.000 -0.403
201503 0.040 99.900 0.046
201506 0.140 99.500 0.162
201509 0.001 100.500 0.001
201512 0.122 100.600 0.140
201603 0.454 102.200 0.512
201606 0.074 101.400 0.084
201609 0.249 102.400 0.280
201612 -0.270 102.600 -0.304
201703 0.200 103.200 0.224
201706 -0.050 103.100 -0.056
201709 0.028 104.100 0.031
201712 -0.136 104.500 -0.150
201803 -0.111 105.300 -0.122
201806 0.221 104.900 0.243
201809 0.012 106.600 0.013
201812 0.348 106.500 0.377
201903 0.049 107.700 0.052
201906 0.144 107.700 0.154
201909 0.035 109.800 0.037
201912 0.103 111.200 0.107
202003 -0.125 112.300 -0.128
202006 -0.359 110.400 -0.375
202009 -0.262 111.700 -0.271
202012 0.650 111.500 0.672
202103 0.025 112.662 0.026
202106 0.040 111.769 0.041
202109 0.025 112.215 0.026
202112 -0.108 113.108 -0.110
202203 -0.113 114.335 -0.114
202206 0.029 114.558 0.029
202209 0.027 115.339 0.027
202212 -0.036 115.116 -0.036
202303 0.060 115.116 0.060
202306 0.067 114.558 0.067
202309 0.086 115.339 0.086

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.


Hainan Airlines Holding Co  (SHSE:600221) 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.


Hainan Airlines Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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


Hainan Airlines Holding Co (SHSE:600221) Business Description

Traded in Other Exchanges
Address
No. 7 Guoxing Avenue, Hainan Airlines Building, Hainan Province, Haikou, CHN, 570203
Hainan Airlines Holding Co Ltd is an airline company. The company is engaged in international and domestic air passenger and postal transport business. Its services include aviation travel, production of onboard supplies, aviation equipment, aviation ground equipment and spare parts, terminal service and operation; insurance, and agency service.

Hainan Airlines Holding Co (SHSE:600221) Headlines

No Headlines