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Ming Fai International Holdings (HKSE:03828) Cyclically Adjusted Price-to-FCF : 22.00 (As of Jun. 05, 2024)


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What is Ming Fai International Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Ming Fai International Holdings's current share price is HK$0.66. Ming Fai International Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.03. Ming Fai International Holdings's Cyclically Adjusted Price-to-FCF for today is 22.00.

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

HKSE:03828' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.75   Med: 20.33   Max: 56.5
Current: 21.52

During the past 13 years, Ming Fai International Holdings's highest Cyclically Adjusted Price-to-FCF was 56.50. The lowest was 8.75. And the median was 20.33.

HKSE:03828's Cyclically Adjusted Price-to-FCF is ranked better than
52.65% of 718 companies
in the Consumer Packaged Goods industry
Industry Median: 23.09 vs HKSE:03828: 21.52

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.

Ming Fai International Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.232. 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$0.03 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ming Fai International Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ming Fai International 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.

Ming Fai International Holdings Cyclically Adjusted Price-to-FCF Chart

Ming Fai International 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 29.31 15.72 16.91 18.63 19.60

Ming Fai International 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 16.91 - 18.63 - 19.60

Competitive Comparison of Ming Fai International Holdings's Cyclically Adjusted Price-to-FCF

For the Household & Personal Products subindustry, Ming Fai International 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.


Ming Fai International Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ming Fai International Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ming Fai International Holdings's Cyclically Adjusted Price-to-FCF falls into.



Ming Fai International 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.

Ming Fai International Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.66/0.03
=22.00

* 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.

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

For example, Ming Fai International 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)
=0.232/117.2957*117.2957
=0.232

Current CPI (Dec23) = 117.2957.

Ming Fai International Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.013 99.707 0.015
201512 -0.037 102.015 -0.043
201612 -0.042 103.225 -0.048
201712 0.106 104.984 0.118
201812 -0.047 107.622 -0.051
201912 0.125 110.700 0.132
202012 0.012 109.711 0.013
202112 -0.197 112.349 -0.206
202212 0.144 114.548 0.147
202312 0.232 117.296 0.232

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.


Ming Fai International Holdings  (HKSE:03828) 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.


Ming Fai International Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Ming Fai International Holdings (HKSE:03828) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Unit D3, 8th Floor, TML Tower, New Territories, Tsuen Wan, HKG
Ming Fai International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of hospitality supplies products (Hospitality Supplies Business), trading of operating supplies and equipment (OS&E Business), and manufacturing and trading of health care and hygienic products (Health Care and Hygienic Products Business). Its products include Acrylic Hotel Supplies, Bath Mats, Portable Cables, umbrellas, Compact mirrors, Bath products, and others. The group has a business presence in North America, Europe, the PRC, Hong Kong, and other countries.
Executives
Ching Chi Fai 2101 Beneficial owner
Lo Kit Ling 2202 Interest of your spouse
Webb David Michael 2201 Interest of corporation controlled by you
Preferable Situation Assets Limited 2101 Beneficial owner

Ming Fai International Holdings (HKSE:03828) Headlines

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