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China Unicom (Hong Kong) (FRA:XCI) Cyclically Adjusted Price-to-FCF : (As of May. 19, 2024)


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What is China Unicom (Hong Kong) Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Unicom (Hong Kong) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Unicom (Hong Kong)'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.

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China Unicom (Hong Kong) Cyclically Adjusted Price-to-FCF Chart

China Unicom (Hong Kong) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Unicom (Hong Kong) Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of China Unicom (Hong Kong)'s Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, China Unicom (Hong Kong)'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 Unicom (Hong Kong)'s Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Unicom (Hong Kong)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Unicom (Hong Kong)'s Cyclically Adjusted Price-to-FCF falls into.



China Unicom (Hong Kong) 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 Unicom (Hong Kong)'s Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, China Unicom (Hong Kong)'s adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0/117.2957*117.2957
=0.000

Current CPI (Dec. 2023) = 117.2957.

China Unicom (Hong Kong) Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 0.122 93.001 0.154
201309 0.110 91.902 0.140
201312 0.073 95.090 0.090
201403 0.086 95.749 0.105
201406 0.112 96.409 0.136
201409 0.118 97.948 0.141
201412 0.123 99.707 0.145
201503 0.118 99.927 0.139
201506 0.111 99.267 0.131
201509 0.156 99.927 0.183
201512 0.115 102.015 0.132
201603 0.000 102.785 0.000
201606 0.000 101.686 0.000
201609 0.000 102.565 0.000
201612 0.000 103.225 0.000
201703 0.000 103.335 0.000
201706 0.000 103.664 0.000
201709 0.000 103.994 0.000
201712 0.000 104.984 0.000
201803 0.000 105.973 0.000
201806 0.000 106.193 0.000
201809 0.000 106.852 0.000
201812 0.000 107.622 0.000
201903 0.000 108.172 0.000
201906 0.000 109.601 0.000
201909 0.000 110.260 0.000
201912 0.000 110.700 0.000
202003 0.000 110.920 0.000
202006 0.000 110.590 0.000
202009 0.000 107.512 0.000
202012 0.000 109.711 0.000
202103 0.000 111.579 0.000
202106 0.000 111.360 0.000
202112 0.000 112.349 0.000
202206 0.000 113.448 0.000
202209 0.000 113.778 0.000
202212 0.000 114.548 0.000
202306 0.000 115.647 0.000
202309 0.000 116.087 0.000
202312 0.000 117.296 0.000

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 Unicom (Hong Kong)  (FRA:XCI) 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 Unicom (Hong Kong) Cyclically Adjusted Price-to-FCF Related Terms

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China Unicom (Hong Kong) (FRA:XCI) Business Description

Traded in Other Exchanges
Address
99 Queen's Road, 75th Floor, The Center, Central, Hong Kong, HKG
China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As at June 2023, it had 328 million billing wireless customers and around 108 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.

China Unicom (Hong Kong) (FRA:XCI) Headlines

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