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China Mobile (HKSE:00941) Cyclically Adjusted Price-to-FCF : 27.34 (As of May. 24, 2024)


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What is China Mobile Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), China Mobile's current share price is HK$73.55. China Mobile's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$2.69. China Mobile's Cyclically Adjusted Price-to-FCF for today is 27.34.

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

HKSE:00941' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.62   Med: 16.33   Max: 25.65
Current: 23.14

During the past years, China Mobile's highest Cyclically Adjusted Price-to-FCF was 25.65. The lowest was 10.62. And the median was 16.33.

HKSE:00941's Cyclically Adjusted Price-to-FCF is ranked worse than
73.26% of 187 companies
in the Telecommunication Services industry
Industry Median: 12.96 vs HKSE:00941: 23.14

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 Mobile's adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$1.135. 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$2.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Mobile Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Mobile'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 Mobile Cyclically Adjusted Price-to-FCF Chart

China Mobile 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 - - - 13.87 23.49

China Mobile Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.45 17.11 17.34 23.49 24.91

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

For the Telecom Services subindustry, China Mobile'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 Mobile's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=73.55/2.69
=27.34

* 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 Mobile's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Mobile's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.135/117.7354*117.7354
=1.135

Current CPI (Mar. 2024) = 117.7354.

China Mobile Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200806 0.000 79.919 0.000
200812 0.000 79.590 0.000
200906 0.000 79.260 0.000
200912 0.000 80.799 0.000
201006 0.000 81.568 0.000
201012 0.000 83.217 0.000
201106 0.000 86.185 0.000
201112 0.000 87.944 0.000
201206 0.000 89.373 0.000
201212 0.000 91.132 0.000
201306 0.000 93.001 0.000
201312 0.000 95.090 0.000
201406 0.000 96.409 0.000
201412 0.000 99.707 0.000
201506 0.000 99.267 0.000
201512 0.000 102.015 0.000
201606 0.000 101.686 0.000
201612 0.000 103.225 0.000
201706 0.000 103.664 0.000
201712 0.000 104.984 0.000
201806 0.000 106.193 0.000
201812 0.000 107.622 0.000
201906 0.000 109.601 0.000
201912 0.000 110.700 0.000
202006 0.000 110.590 0.000
202009 0.000 107.512 0.000
202012 0.000 109.711 0.000
202103 2.466 111.579 2.602
202106 1.868 111.360 1.975
202109 2.665 109.051 2.877
202112 -0.708 112.349 -0.742
202203 2.131 113.558 2.209
202206 1.135 113.448 1.178
202209 1.755 113.778 1.816
202212 0.009 114.548 0.009
202303 2.018 115.427 2.058
202306 2.197 115.647 2.237
202309 1.797 116.087 1.823
202312 -3.079 117.296 -3.091
202403 1.135 117.735 1.135

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 Mobile  (HKSE:00941) 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 Mobile Cyclically Adjusted Price-to-FCF Related Terms

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


China Mobile (HKSE:00941) Business Description

Traded in Other Exchanges
Address
99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.

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