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Kerry Properties (HKSE:00683) Cyclically Adjusted Price-to-FCF : 78.74 (As of Jun. 08, 2024)


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What is Kerry Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Kerry Properties's current share price is HK$14.96. Kerry Properties's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.19. Kerry Properties's Cyclically Adjusted Price-to-FCF for today is 78.74.

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

HKSE:00683' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.43   Med: 20.19   Max: 590
Current: 77.75

During the past 13 years, Kerry Properties's highest Cyclically Adjusted Price-to-FCF was 590.00. The lowest was 7.43. And the median was 20.19.

HKSE:00683's Cyclically Adjusted Price-to-FCF is ranked worse than
91.54% of 697 companies
in the Real Estate industry
Industry Median: 12.18 vs HKSE:00683: 77.75

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.

Kerry Properties's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$-0.004. 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$0.19 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kerry Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kerry Properties'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.

Kerry Properties Cyclically Adjusted Price-to-FCF Chart

Kerry Properties 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 16.78 14.89 11.90 - 74.21

Kerry Properties 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 11.90 - - - 74.21

Competitive Comparison of Kerry Properties's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Kerry Properties'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.


Kerry Properties's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Kerry Properties's Cyclically Adjusted Price-to-FCF falls into.



Kerry Properties 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.

Kerry Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.96/0.19
=78.74

* 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.

Kerry Properties's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Kerry Properties'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)
=-0.004/117.2957*117.2957
=-0.004

Current CPI (Dec23) = 117.2957.

Kerry Properties Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 3.618 99.707 4.256
201512 0.382 102.015 0.439
201612 -0.963 103.225 -1.094
201712 7.176 104.984 8.018
201812 4.239 107.622 4.620
201912 -0.319 110.700 -0.338
202012 0.239 109.711 0.256
202112 3.280 112.349 3.424
202212 -17.239 114.548 -17.653
202312 -0.004 117.296 -0.004

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.


Kerry Properties  (HKSE:00683) 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.


Kerry Properties Cyclically Adjusted Price-to-FCF Related Terms

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


Kerry Properties (HKSE:00683) Business Description

Industry
Traded in Other Exchanges
Address
683 King’s Road, 25th Floor, Kerry Centre, Quarry Bay, Hong Kong, HKG
Kerry Properties Ltd is Hong Kong-based property developer. The company is engaged in investment holding activity. Through its subsidiaries it engages in property development, investment, and management in Hong Kong, the Mainland, and the Asia Pacific region; hotel ownership in Hong Kong, and hotel ownership and operations in the Mainland; and integrated logistics and international freight forwarding. Substantial revenue is derived from the sale of properties.
Executives
Schroders Plc 2102 Investment manager
Kerry Group Limited 2201 Interest of corporation controlled by you

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