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Longfor Group Holdings (HKSE:00960) Cyclically Adjusted Price-to-FCF : 5.03 (As of Jun. 06, 2024)


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What is Longfor Group Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Longfor Group Holdings's current share price is HK$12.42. Longfor Group Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$2.47. Longfor Group Holdings's Cyclically Adjusted Price-to-FCF for today is 5.03.

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

HKSE:00960' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.45   Med: 25.81   Max: 117.21
Current: 5.24

During the past 13 years, Longfor Group Holdings's highest Cyclically Adjusted Price-to-FCF was 117.21. The lowest was 3.45. And the median was 25.81.

HKSE:00960's Cyclically Adjusted Price-to-FCF is ranked better than
75.75% of 697 companies
in the Real Estate industry
Industry Median: 12.17 vs HKSE:00960: 5.24

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.

Longfor Group Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$5.639. 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$2.47 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Longfor Group Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Longfor Group 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.

Longfor Group Holdings Cyclically Adjusted Price-to-FCF Chart

Longfor Group 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 84.03 45.21 23.66 13.19 5.06

Longfor Group 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 23.66 - 13.19 - 5.06

Competitive Comparison of Longfor Group Holdings's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Longfor Group 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.


Longfor Group Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Longfor Group 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.

Longfor Group Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.42/2.47
=5.03

* 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.

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

For example, Longfor Group 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)
=5.639/114.7809*114.7809
=5.639

Current CPI (Dec23) = 114.7809.

Longfor Group Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.188 99.000 0.218
201512 -0.090 100.600 -0.103
201612 -0.401 102.600 -0.449
201712 -1.961 104.500 -2.154
201812 0.304 106.500 0.328
201912 6.342 111.200 6.546
202012 6.892 111.500 7.095
202112 5.721 113.108 5.806
202212 1.793 115.116 1.788
202312 5.639 114.781 5.639

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.


Longfor Group Holdings  (HKSE:00960) 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.


Longfor Group Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Longfor Group Holdings (HKSE:00960) Business Description

Traded in Other Exchanges
Address
No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Chaoyang District, Beijing, CHN, 100012
Longfor Group Holdings, or Longfor, is a privately owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high-quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management, and project management services have been growing fast. At the end of 2022, Wu Yajun remained Longfor's largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.
Executives
Junson Development International Limited
Cai Kui 2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited 2301 Trustee
Silverland Assets Limited
Charm Talent International Limited 2101 Beneficial owner
Cai Xinyi 2307 Founder of a discretionary trust who can infl
Wu Yajun 2501 Other
Jumbomax Investments Limited 2201 Interest of corporation controlled by you
Pao Pui Yung Bessie 2202 Interest of your spouse
Woo Kwong Ching Peter 2201 Interest of corporation controlled by you

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