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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Cyclically Adjusted Price-to-FCF : 36.92 (As of Apr. 28, 2024)


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What is Hong Kong and China Gas Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Hong Kong and China Gas Co's current share price is $0.7384. Hong Kong and China Gas Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.02. Hong Kong and China Gas Co's Cyclically Adjusted Price-to-FCF for today is 36.92.

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

HOKCY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 42.69   Med: 100.69   Max: 181.22
Current: 46

During the past 13 years, Hong Kong and China Gas Co's highest Cyclically Adjusted Price-to-FCF was 181.22. The lowest was 42.69. And the median was 100.69.

HOKCY's Cyclically Adjusted Price-to-FCF is ranked worse than
79.49% of 234 companies
in the Utilities - Regulated industry
Industry Median: 16.865 vs HOKCY: 46.00

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.

Hong Kong and China Gas Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $0.017. 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 $0.02 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Kong and China Gas Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hong Kong and China Gas 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.

Hong Kong and China Gas Co Cyclically Adjusted Price-to-FCF Chart

Hong Kong and China Gas 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 135.10 101.25 100.64 59.44 46.00

Hong Kong and China Gas Co 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 100.64 - 59.44 - 46.00

Competitive Comparison of Hong Kong and China Gas Co's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas 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.


Hong Kong and China Gas Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hong Kong and China Gas 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.

Hong Kong and China Gas Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.7384/0.02
=36.92

* 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.

Hong Kong and China Gas Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hong Kong and China Gas Co'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)
=0.017/117.2957*117.2957
=0.017

Current CPI (Dec23) = 117.2957.

Hong Kong and China Gas Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.013 99.707 0.015
201512 0.013 102.015 0.015
201612 0.015 103.225 0.017
201712 0.016 104.984 0.018
201812 0.018 107.622 0.020
201912 0.020 110.700 0.021
202012 0.018 109.711 0.019
202112 0.014 112.349 0.015
202212 0.009 114.548 0.009
202312 0.017 117.296 0.017

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.


Hong Kong and China Gas Co  (OTCPK:HOKCY) 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.


Hong Kong and China Gas Co Cyclically Adjusted Price-to-FCF Related Terms

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


Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Traded in Other Exchanges
Address
363 Java Road, 23rd Floor, North Point, Hong Kong, HKG
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Headlines

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