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China Vanke Co (HKSE:02202) Cyclically Adjusted Price-to-FCF : 3.99 (As of May. 24, 2024)


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What is China Vanke Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), China Vanke Co's current share price is HK$6.23. China Vanke Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$1.56. China Vanke Co's Cyclically Adjusted Price-to-FCF for today is 3.99.

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

HKSE:02202' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.59   Med: 14.04   Max: 812
Current: 3.51

During the past years, China Vanke Co's highest Cyclically Adjusted Price-to-FCF was 812.00. The lowest was 2.59. And the median was 14.04.

HKSE:02202's Cyclically Adjusted Price-to-FCF is ranked better than
84.56% of 693 companies
in the Real Estate industry
Industry Median: 12.79 vs HKSE:02202: 3.51

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 Vanke Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$-0.970. 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$1.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Vanke Co Cyclically Adjusted Price-to-FCF Historical Data

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

China Vanke Co 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 13.57 10.39 7.25 6.89 4.01

China Vanke Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 5.62 5.14 4.78 4.01 3.48

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

For the Real Estate - Development subindustry, China Vanke Co'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 Vanke Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.23/1.56
=3.99

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

For example, China Vanke Co'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)
=-0.97/115.2271*115.2271
=-0.970

Current CPI (Mar. 2024) = 115.2271.

China Vanke Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.945 98.200 1.109
201409 1.559 98.900 1.816
201412 2.651 99.000 3.086
201503 -1.733 99.900 -1.999
201506 0.940 99.500 1.089
201509 0.196 100.500 0.225
201512 2.099 100.600 2.404
201603 -1.164 102.200 -1.312
201606 3.775 101.400 4.290
201609 1.776 102.400 1.998
201612 -0.448 102.600 -0.503
201703 -1.011 103.200 -1.129
201706 3.216 103.100 3.594
201709 -0.594 104.100 -0.657
201712 6.878 104.500 7.584
201803 -3.215 105.300 -3.518
201806 2.081 104.900 2.286
201809 -2.509 106.600 -2.712
201812 6.366 106.500 6.888
201903 -3.015 107.700 -3.226
201906 3.376 107.700 3.612
201909 -0.701 109.800 -0.736
201912 4.069 111.200 4.216
202003 -0.363 112.300 -0.372
202006 2.334 110.400 2.436
202009 0.946 111.700 0.976
202012 1.636 111.500 1.691
202103 1.639 112.662 1.676
202106 -1.207 111.769 -1.244
202109 -0.789 112.215 -0.810
202112 -0.234 113.108 -0.238
202203 -1.517 114.335 -1.529
202206 1.748 114.558 1.758
202209 -1.414 115.339 -1.413
202212 0.124 115.116 0.124
202303 0.508 115.116 0.508
202306 -0.570 114.558 -0.573
202309 -0.332 115.339 -0.332
202312 0.027 114.781 0.027
202403 -0.970 115.227 -0.970

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 Vanke Co  (HKSE:02202) 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 Vanke Co Cyclically Adjusted Price-to-FCF Related Terms

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


China Vanke Co (HKSE:02202) Business Description

Industry
Traded in Other Exchanges
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Citigroup Inc. 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2102 Investment manager
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Morgan Stanley 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Gic Private Limited 2102 Investment manager
Ubs Group Ag 2201 Interest of corporation controlled by you
Shen Zhen Ying An Cai Wu Gu Wen You Xian Gong Si 2201 Interest of corporation controlled by you

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