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AK Medical Holdings (HKSE:01789) Cyclically Adjusted Price-to-FCF : 107.40 (As of May. 23, 2024)


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What is AK Medical Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), AK Medical Holdings's current share price is HK$5.37. AK Medical Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.05. AK Medical Holdings's Cyclically Adjusted Price-to-FCF for today is 107.40.

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

HKSE:01789' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 89.6   Med: 102.2   Max: 121
Current: 99.79

During the past 10 years, AK Medical Holdings's highest Cyclically Adjusted Price-to-FCF was 121.00. The lowest was 89.60. And the median was 102.20.

HKSE:01789's Cyclically Adjusted Price-to-FCF is ranked worse than
85.09% of 228 companies
in the Medical Devices & Instruments industry
Industry Median: 44.5 vs HKSE:01789: 99.79

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.

AK Medical Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$-0.158. 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$0.05 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


AK Medical Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AK Medical 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.

AK Medical Holdings Cyclically Adjusted Price-to-FCF Chart

AK Medical 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 - - - - 115.47

AK Medical Holdings Semi-Annual Data
Dec14 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 - - - - 115.47

Competitive Comparison of AK Medical Holdings's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, AK Medical 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.


AK Medical Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AK Medical Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AK Medical 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.

AK Medical Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.37/0.05
=107.40

* 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.

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

For example, AK Medical 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)
=-0.158/114.7809*114.7809
=-0.158

Current CPI (Dec23) = 114.7809.

AK Medical Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.055 99.000 0.064
201512 0.009 100.600 0.010
201612 0.045 102.600 0.050
201712 0.101 104.500 0.111
201812 0.059 106.500 0.064
201912 0.040 111.200 0.041
202012 0.124 111.500 0.128
202112 0.110 113.108 0.112
202212 0.121 115.116 0.121
202312 -0.158 114.781 -0.158

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.


AK Medical Holdings  (HKSE:01789) 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.


AK Medical Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


AK Medical Holdings (HKSE:01789) Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Baifuquan Road, 2nd Floor, Xingye Mansion, Changping District Science and Technology Park, Beijing, CHN, 102200
AK Medical Holdings Ltd is an investment holding company which designs, develops, produces, and markets orthopedic joint implants and related products. The company's geographical segments include China and the United Kingdom. It derives the majority of revenue from China. The company offers off-the-shelf products, such as knee replacement and hip replacement implants; and 3D-printed products, including 3D-printed hip replacement implants, spinal interbody cages, and artificial vertebral bodies.

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