GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Power Assets Holdings Ltd (FRA:HEH) » Definitions » Cyclically Adjusted Price-to-FCF

Power Assets Holdings (FRA:HEH) Cyclically Adjusted Price-to-FCF : 64.38 (As of Jun. 08, 2024)


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

What is Power Assets Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Power Assets Holdings's current share price is €5.15. Power Assets Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €0.08. Power Assets Holdings's Cyclically Adjusted Price-to-FCF for today is 64.38.

The historical rank and industry rank for Power Assets Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:HEH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.72   Med: 32.46   Max: 67.29
Current: 62.11

During the past 13 years, Power Assets Holdings's highest Cyclically Adjusted Price-to-FCF was 67.29. The lowest was 23.72. And the median was 32.46.

FRA:HEH's Cyclically Adjusted Price-to-FCF is ranked worse than
88.52% of 122 companies
in the Utilities - Independent Power Producers industry
Industry Median: 15.23 vs FRA:HEH: 62.11

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.

Power Assets Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €0.063. 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 €0.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Power Assets Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Power Assets Holdings'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.

Power Assets Holdings Cyclically Adjusted Price-to-FCF Chart

Power Assets Holdings 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 33.92 29.61 40.56 43.36 64.91

Power Assets Holdings 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 40.56 - 43.36 - 64.91

Competitive Comparison of Power Assets Holdings's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, Power Assets Holdings'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.


Power Assets Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Power Assets Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Power Assets Holdings's Cyclically Adjusted Price-to-FCF falls into.



Power Assets Holdings 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.

Power Assets Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.15/0.08
=64.38

* 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.

Power Assets Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Power Assets Holdings'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)
=0.063/117.2957*117.2957
=0.063

Current CPI (Dec23) = 117.2957.

Power Assets Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.101 99.707 0.119
201512 0.104 102.015 0.120
201612 0.042 103.225 0.048
201712 0.056 104.984 0.063
201812 0.135 107.622 0.147
201912 0.077 110.700 0.082
202012 0.048 109.711 0.051
202112 0.050 112.349 0.052
202212 0.044 114.548 0.045
202312 0.063 117.296 0.063

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.


Power Assets Holdings  (FRA:HEH) 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.


Power Assets Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Power Assets Holdings (FRA:HEH) Business Description

Traded in Other Exchanges
Address
2 Queen's Road Central, Unit 2005, 20th Floor, Cheung Kong Center, Hong Kong, HKG
Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the U.K., Australia, Canada, Europe, and New Zealand. Profit from its regulated assets make up around 80% of total income, with contribution from its U.K. and Australian assets totaling more than 60% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CK Infrastructure Holdings.

Power Assets Holdings (FRA:HEH) Headlines

No Headlines