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Xinyi Glass Holdings (HKSE:00868) Cyclically Adjusted Price-to-FCF : 18.40 (As of Jun. 06, 2024)


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What is Xinyi Glass Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Xinyi Glass Holdings's current share price is HK$9.75. Xinyi Glass Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.53. Xinyi Glass Holdings's Cyclically Adjusted Price-to-FCF for today is 18.40.

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

HKSE:00868' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.91   Med: 178.73   Max: 417
Current: 18.28

During the past 13 years, Xinyi Glass Holdings's highest Cyclically Adjusted Price-to-FCF was 417.00. The lowest was 11.91. And the median was 178.73.

HKSE:00868's Cyclically Adjusted Price-to-FCF is ranked worse than
58.38% of 197 companies
in the Building Materials industry
Industry Median: 15.67 vs HKSE:00868: 18.28

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.

Xinyi Glass Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.392. 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$0.53 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xinyi Glass Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Xinyi Glass 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.

Xinyi Glass Holdings Cyclically Adjusted Price-to-FCF Chart

Xinyi Glass 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 196.99 205.68 53.47 30.72 16.56

Xinyi Glass 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 53.47 - 30.72 - 16.56

Competitive Comparison of Xinyi Glass Holdings's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, Xinyi Glass 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.


Xinyi Glass Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Xinyi Glass Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Xinyi Glass 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.

Xinyi Glass Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.75/0.53
=18.40

* 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.

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

For example, Xinyi Glass 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)
=0.392/117.2957*117.2957
=0.392

Current CPI (Dec23) = 117.2957.

Xinyi Glass Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.064 99.707 -0.075
201512 0.179 102.015 0.206
201612 0.453 103.225 0.515
201712 0.084 104.984 0.094
201812 0.588 107.622 0.641
201912 0.216 110.700 0.229
202012 0.217 109.711 0.232
202112 1.948 112.349 2.034
202212 1.000 114.548 1.024
202312 0.392 117.296 0.392

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.


Xinyi Glass Holdings  (HKSE:00868) 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.


Xinyi Glass Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Xinyi Glass Holdings (HKSE:00868) Business Description

Traded in Other Exchanges
Address
135 Hoi Bun Road, Unit 2101-2108, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.
Executives
Sze Tan Hung 2101 Beneficial owner
Tung Ching Sai 2202 Interest of your spouse
Tung Ching Bor 2101 Beneficial owner
Lee Sing Din 2103 Interests held jointly with another person
Lee Yin Yee 2201 Interest of corporation controlled by you

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