GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times China Holdings Ltd (OTCPK:TMPPF) » Definitions » Cyclically Adjusted Price-to-FCF

TMPPF (Times China Holdings) Cyclically Adjusted Price-to-FCF : (As of Dec. 01, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Times China Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Times China Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Times China 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.

Times China Holdings Cyclically Adjusted Price-to-FCF Chart

Times China 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 - - - - -

Times China Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - - - - -

Competitive Comparison of Times China Holdings's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Times China 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.


Times China Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Times China 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.

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

For example, Times China 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)
=0.281/114.7809*114.7809
=0.281

Current CPI (Dec23) = 114.7809.

Times China Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.229 99.000 -0.266
201512 -0.450 100.600 -0.513
201612 -0.050 102.600 -0.056
201712 -0.568 104.500 -0.624
201812 -0.056 106.500 -0.060
201912 0.049 111.200 0.051
202012 0.090 111.500 0.093
202112 0.006 113.108 0.006
202212 -0.038 115.116 -0.038
202312 0.281 114.781 0.281

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.


Times China Holdings  (OTCPK:TMPPF) 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.


Times China Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Times China Holdings Business Description

Traded in Other Exchanges
Address
410-412 Dongfeng Zhong Road, 36-38F, Times Property Center, Guangdong Province, Guangzhou, CHN, 510030
Times China Holdings Ltd is a real estate company. It is principally engaged in the development and management of residential, and commercial properties, industrial parks, and featured small towns. It operates in three segments: the property development segment develops residential and commercial properties for sale, the Urban redevelopment segment redevelops old towns, old factories, and old villages, and the Property leasing segment engages in the development, leasing, and subleasing of commercial properties owned by the company or third parties.

Times China Holdings Headlines

From GuruFocus

Matthews China Fund Comments on Times China

By Sydnee Gatewood Sydnee Gatewood 10-21-2020

Matthews China Fund Comments on Times China Holdings

By Sydnee Gatewood 07-20-2021