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China Gas Holdings (HKSE:00384) Cyclically Adjusted Price-to-FCF : 46.53 (As of May. 26, 2024)


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What is China Gas Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), China Gas Holdings's current share price is HK$7.91. China Gas Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was HK$0.17. China Gas Holdings's Cyclically Adjusted Price-to-FCF for today is 46.53.

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

HKSE:00384' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 39.82   Med: 334.72   Max: 951.67
Current: 47.06

During the past 13 years, China Gas Holdings's highest Cyclically Adjusted Price-to-FCF was 951.67. The lowest was 39.82. And the median was 334.72.

HKSE:00384's Cyclically Adjusted Price-to-FCF is ranked worse than
78.54% of 233 companies
in the Utilities - Regulated industry
Industry Median: 17.75 vs HKSE:00384: 47.06

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 Gas Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was HK$0.755. 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 HK$0.17 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Gas Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Gas 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.

China Gas Holdings Cyclically Adjusted Price-to-FCF Chart

China Gas Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 319.29 374.46 426.44 97.91 65.22

China Gas Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 - 97.91 - 65.22 -

Competitive Comparison of China Gas Holdings's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Gas subindustry, China Gas 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.


China Gas Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Gas Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China Gas 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.

China Gas Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.91/0.17
=46.53

* 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 Gas Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, China Gas Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.755/115.4269*115.4269
=0.755

Current CPI (Mar23) = 115.4269.

China Gas Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.042 95.749 -0.051
201503 0.077 99.927 0.089
201603 0.470 102.785 0.528
201703 0.167 103.335 0.187
201803 -0.082 105.973 -0.089
201903 0.243 108.172 0.259
202003 -0.123 110.920 -0.128
202103 -0.014 111.579 -0.014
202203 0.158 113.558 0.161
202303 0.755 115.427 0.755

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 Gas Holdings  (HKSE:00384) 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 Gas Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


China Gas Holdings (HKSE:00384) Business Description

Traded in Other Exchanges
Address
151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.
Executives
Liu Ming Hui 2101 Beneficial owner
Beijing Enterprises Group Company Limited
Beijing Enterprises Holdings Limited
Chiu Tat Jung Daniel 2201 Interest of corporation controlled by you
First Level Holdings Limited 2201 Interest of corporation controlled by you
Fortune Dynasty Holdings Limited 2201 Interest of corporation controlled by you
Fortune Oil Limited 2201 Interest of corporation controlled by you
Fortune Oil Prc Holdings Limited 2101 Beneficial owner
Joint Coast Alliance Market Development Limited 2201 Interest of corporation controlled by you
China Gas Group Limited 2101 Beneficial owner

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