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Prince Housing & Development (TPE:2511) Cyclically Adjusted Price-to-FCF : 7.00 (As of Jun. 09, 2024)


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What is Prince Housing & Development Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Prince Housing & Development's current share price is NT$12.95. Prince Housing & Development's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.85. Prince Housing & Development's Cyclically Adjusted Price-to-FCF for today is 7.00.

The historical rank and industry rank for Prince Housing & Development's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:2511' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.42   Med: 7.75   Max: 13.98
Current: 6.57

During the past years, Prince Housing & Development's highest Cyclically Adjusted Price-to-FCF was 13.98. The lowest was 5.42. And the median was 7.75.

TPE:2511's Cyclically Adjusted Price-to-FCF is ranked better than
69.15% of 697 companies
in the Real Estate industry
Industry Median: 12.18 vs TPE:2511: 6.57

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.

Prince Housing & Development's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.037. 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 NT$1.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prince Housing & Development Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Prince Housing & Development'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.

Prince Housing & Development Cyclically Adjusted Price-to-FCF Chart

Prince Housing & Development 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 11.38 9.27 7.19 6.58 6.19

Prince Housing & Development 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 7.17 7.02 5.55 6.19 5.70

Competitive Comparison of Prince Housing & Development's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Prince Housing & Development'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.


Prince Housing & Development's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Prince Housing & Development's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Prince Housing & Development's Cyclically Adjusted Price-to-FCF falls into.



Prince Housing & Development 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.

Prince Housing & Development's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.95/1.85
=7.00

* 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.

Prince Housing & Development's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Prince Housing & Development'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)
=-0.037/131.7762*131.7762
=-0.037

Current CPI (Mar. 2024) = 131.7762.

Prince Housing & Development Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.223 100.560 -0.292
201409 -0.455 100.428 -0.597
201412 0.016 99.070 0.021
201503 0.449 99.621 0.594
201506 1.357 100.684 1.776
201509 -0.948 100.392 -1.244
201512 1.299 99.792 1.715
201603 -0.553 100.470 -0.725
201606 0.399 101.688 0.517
201609 -0.334 101.861 -0.432
201612 1.375 101.863 1.779
201703 -0.919 102.862 -1.177
201706 1.528 103.349 1.948
201709 -0.306 104.136 -0.387
201712 0.377 104.011 0.478
201803 -0.161 105.290 -0.202
201806 -0.272 106.317 -0.337
201809 -0.263 106.507 -0.325
201812 0.829 105.998 1.031
201903 0.708 107.251 0.870
201906 0.433 108.070 0.528
201909 0.315 108.329 0.383
201912 0.798 108.420 0.970
202003 0.237 108.902 0.287
202006 0.169 108.767 0.205
202009 1.462 109.815 1.754
202012 0.874 109.897 1.048
202103 1.096 111.754 1.292
202106 -0.021 114.631 -0.024
202109 0.777 115.734 0.885
202112 1.347 117.630 1.509
202203 1.429 121.301 1.552
202206 -0.020 125.017 -0.021
202209 0.237 125.227 0.249
202212 1.883 125.222 1.982
202303 0.048 127.348 0.050
202306 0.295 128.729 0.302
202309 0.504 129.860 0.511
202312 0.061 129.419 0.062
202403 -0.037 131.776 -0.037

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.


Prince Housing & Development  (TPE:2511) 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.


Prince Housing & Development Cyclically Adjusted Price-to-FCF Related Terms

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Prince Housing & Development (TPE:2511) Business Description

Traded in Other Exchanges
N/A
Address
No. 398, Zhonghua East Road, 8th Floor, Sector 1, East District, Tainan, TWN, 701
Prince Housing & Development Corp is a Taiwan-based real estate developer and builder with its principal business in construction, leasing, and sale of public housing, commercial buildings, recreation places, hotels, industrial parks, indoor sports, and parking lots, and leasing and sale of real estate.

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