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BTG Hotels (Group) Co (SHSE:600258) Cyclically Adjusted FCF per Share : ¥1.66 (As of Mar. 2024)


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What is BTG Hotels (Group) Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

BTG Hotels (Group) Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.356. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ¥1.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BTG Hotels (Group) Co's average Cyclically Adjusted FCF Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of BTG Hotels (Group) Co was 26.70% per year. The lowest was -1.60% per year. And the median was 8.15% per year.

As of today (2024-05-26), BTG Hotels (Group) Co's current stock price is ¥14.32. BTG Hotels (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.66. BTG Hotels (Group) Co's Cyclically Adjusted Price-to-FCF of today is 8.63.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BTG Hotels (Group) Co was 25.01. The lowest was 8.38. And the median was 16.21.


BTG Hotels (Group) Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BTG Hotels (Group) Co's Cyclically Adjusted FCF per Share 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.

BTG Hotels (Group) Co Cyclically Adjusted FCF per Share Chart

BTG Hotels (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.24 1.47 1.44 1.64

BTG Hotels (Group) 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 FCF per Share 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 1.47 1.55 1.64 1.64 1.66

Competitive Comparison of BTG Hotels (Group) Co's Cyclically Adjusted FCF per Share

For the Lodging subindustry, BTG Hotels (Group) 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.


BTG Hotels (Group) Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BTG Hotels (Group) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where BTG Hotels (Group) Co's Cyclically Adjusted Price-to-FCF falls into.



BTG Hotels (Group) Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, BTG Hotels (Group) 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)
=0.356/115.2271*115.2271
=0.356

Current CPI (Mar. 2024) = 115.2271.

BTG Hotels (Group) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.145 98.200 0.170
201409 0.168 98.900 0.196
201412 0.365 99.000 0.425
201503 0.151 99.900 0.174
201506 0.284 99.500 0.329
201509 0.576 100.500 0.660
201512 0.403 100.600 0.462
201603 0.355 102.200 0.400
201606 1.149 101.400 1.306
201609 1.658 102.400 1.866
201612 0.658 102.600 0.739
201703 0.013 103.200 0.015
201706 0.511 103.100 0.571
201709 0.693 104.100 0.767
201712 0.345 104.500 0.380
201803 -0.005 105.300 -0.005
201806 0.432 104.900 0.475
201809 0.511 106.600 0.552
201812 0.366 106.500 0.396
201903 -0.094 107.700 -0.101
201906 0.349 107.700 0.373
201909 0.559 109.800 0.587
201912 0.212 111.200 0.220
202003 -0.716 112.300 -0.735
202006 0.167 110.400 0.174
202009 0.297 111.700 0.306
202012 0.113 111.500 0.117
202103 -0.061 112.662 -0.062
202106 0.780 111.769 0.804
202109 0.524 112.215 0.538
202112 0.336 113.108 0.342
202203 -0.160 114.335 -0.161
202206 0.258 114.558 0.260
202209 0.448 115.339 0.448
202212 0.197 115.116 0.197
202303 0.631 115.116 0.632
202306 0.856 114.558 0.861
202309 1.112 115.339 1.111
202312 0.428 114.781 0.430
202403 0.356 115.227 0.356

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


BTG Hotels (Group) Co  (SHSE:600258) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

BTG Hotels (Group) Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.32/1.66
=8.63

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BTG Hotels (Group) Co was 25.01. The lowest was 8.38. And the median was 16.21.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


BTG Hotels (Group) Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of BTG Hotels (Group) Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


BTG Hotels (Group) Co (SHSE:600258) Business Description

Traded in Other Exchanges
N/A
Address
51 Fuxingmennei Boulevard, Xicheng District, Beijing, CHN, 100031
BTG Hotels (Group) Co Ltd engages in investment and management; hotel operation and management; property management; renting commercial premises; tourism services; development and sales of tourism products; taxi passenger transport; information consulting; exhibition and exhibition activities; catering services; design, production, agency, publishing domestic And foreign businessmen's advertising in China.
Executives
Sun Jian Director
Zong Xiang Xin Director
Shen Nan Peng Director

BTG Hotels (Group) Co (SHSE:600258) Headlines

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