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China Vanke Co (China Vanke Co) Cyclically Adjusted Price-to-FCF : 4.60 (As of May. 24, 2024)


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What is China Vanke Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), China Vanke Co's current share price is $0.87315. China Vanke Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.19. China Vanke Co's Cyclically Adjusted Price-to-FCF for today is 4.60.

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

CHVKF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.59   Med: 14.04   Max: 812
Current: 3.6

During the past years, China Vanke Co's highest Cyclically Adjusted Price-to-FCF was 812.00. The lowest was 2.59. And the median was 14.04.

CHVKF's Cyclically Adjusted Price-to-FCF is ranked better than
84.56% of 693 companies
in the Real Estate industry
Industry Median: 12.79 vs CHVKF: 3.60

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.

China Vanke Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.124. 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 $0.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Vanke Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Vanke 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.

China Vanke Co Cyclically Adjusted Price-to-FCF Chart

China Vanke 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 13.57 10.39 7.25 6.89 4.01

China Vanke 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 5.62 5.14 4.78 4.01 3.48

Competitive Comparison of China Vanke Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, China Vanke 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.


China Vanke Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where China Vanke Co's Cyclically Adjusted Price-to-FCF falls into.



China Vanke 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.

China Vanke Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.87315/0.19
=4.60

* 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.

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

For example, China Vanke 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)
=-0.124/115.2271*115.2271
=-0.124

Current CPI (Mar. 2024) = 115.2271.

China Vanke Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.122 98.200 0.143
201409 0.201 98.900 0.234
201412 0.342 99.000 0.398
201503 -0.223 99.900 -0.257
201506 0.121 99.500 0.140
201509 0.025 100.500 0.029
201512 0.271 100.600 0.310
201603 -0.150 102.200 -0.169
201606 0.486 101.400 0.552
201609 0.229 102.400 0.258
201612 -0.058 102.600 -0.065
201703 -0.130 103.200 -0.145
201706 0.412 103.100 0.460
201709 -0.076 104.100 -0.084
201712 0.880 104.500 0.970
201803 -0.410 105.300 -0.449
201806 0.265 104.900 0.291
201809 -0.320 106.600 -0.346
201812 0.814 106.500 0.881
201903 -0.384 107.700 -0.411
201906 0.431 107.700 0.461
201909 -0.090 109.800 -0.094
201912 0.521 111.200 0.540
202003 -0.047 112.300 -0.048
202006 0.301 110.400 0.314
202009 0.122 111.700 0.126
202012 0.211 111.500 0.218
202103 0.211 112.662 0.216
202106 -0.155 111.769 -0.160
202109 -0.101 112.215 -0.104
202112 -0.030 113.108 -0.031
202203 -0.194 114.335 -0.196
202206 0.223 114.558 0.224
202209 -0.180 115.339 -0.180
202212 0.016 115.116 0.016
202303 0.065 115.116 0.065
202306 -0.073 114.558 -0.073
202309 -0.042 115.339 -0.042
202312 0.003 114.781 0.003
202403 -0.124 115.227 -0.124

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.


China Vanke Co  (OTCPK:CHVKF) 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.


China Vanke Co Cyclically Adjusted Price-to-FCF Related Terms

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China Vanke Co (China Vanke Co) Business Description

Industry
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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