GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (NAS:CAAS) » Definitions » Cyclically Adjusted Price-to-FCF

China Automotive Systems (China Automotive Systems) Cyclically Adjusted Price-to-FCF : 12.78 (As of May. 15, 2024)


View and export this data going back to 2003. Start your Free Trial

What is China Automotive Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), China Automotive Systems's current share price is $3.45. China Automotive Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.27. China Automotive Systems's Cyclically Adjusted Price-to-FCF for today is 12.78.

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

CAAS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.41   Med: 24   Max: 82
Current: 12.77

During the past years, China Automotive Systems's highest Cyclically Adjusted Price-to-FCF was 82.00. The lowest was 9.41. And the median was 24.00.

CAAS's Cyclically Adjusted Price-to-FCF is ranked better than
70.88% of 491 companies
in the Vehicles & Parts industry
Industry Median: 21.97 vs CAAS: 12.77

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 Automotive Systems's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.070. 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 $0.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Automotive Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Automotive Systems'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 Automotive Systems Cyclically Adjusted Price-to-FCF Chart

China Automotive Systems 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 31.66 34.18 16.40 21.74 12.03

China Automotive Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 21.74 19.39 18.74 13.38 12.03

Competitive Comparison of China Automotive Systems's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, China Automotive Systems'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 Automotive Systems's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China Automotive Systems 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 Automotive Systems's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.45/0.27
=12.78

* 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 Automotive Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, China Automotive Systems's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.07/114.6694*114.6694
=0.070

Current CPI (Dec. 2023) = 114.6694.

China Automotive Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.423 98.600 -0.492
201406 0.405 98.200 0.473
201409 -0.107 98.900 -0.124
201412 0.927 99.000 1.074
201503 -0.025 99.900 -0.029
201506 0.024 99.500 0.028
201509 -0.029 100.500 -0.033
201512 -0.076 100.600 -0.087
201603 -0.379 102.200 -0.425
201606 -0.396 101.400 -0.448
201609 0.337 102.400 0.377
201612 -0.435 102.600 -0.486
201703 -0.028 103.200 -0.031
201706 0.404 103.100 0.449
201709 0.338 104.100 0.372
201712 -0.032 104.500 -0.035
201803 -0.496 105.300 -0.540
201806 -0.221 104.900 -0.242
201809 0.234 106.600 0.252
201812 0.059 106.500 0.064
201903 -0.894 107.700 -0.952
201906 -0.294 107.700 -0.313
201909 0.525 109.800 0.548
201912 0.489 111.200 0.504
202003 0.874 112.300 0.892
202006 -0.026 110.400 -0.027
202009 0.546 111.700 0.561
202012 -0.084 111.500 -0.086
202103 -0.134 112.662 -0.136
202106 0.177 111.769 0.182
202109 -0.422 112.215 -0.431
202112 0.975 113.108 0.988
202203 -0.172 114.335 -0.173
202206 0.385 114.558 0.385
202209 0.431 115.339 0.428
202212 0.257 115.116 0.256
202303 -0.152 115.116 -0.151
202306 -0.108 114.558 -0.108
202309 0.132 115.339 0.131
202312 0.070 114.669 0.070

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 Automotive Systems  (NAS:CAAS) 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 Automotive Systems Cyclically Adjusted Price-to-FCF Related Terms

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


China Automotive Systems (China Automotive Systems) Business Description

Traded in Other Exchanges
Address
No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000
China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.
Executives
Jie Li officer: Chief Financial Officer HENGLONG BLDG., # 1 GUANSHAN 1ST ROAD, EAST LAKE HI-TECH ZONE, WUHAN F4 430073
Tong Kooi Teo director 08-05 GOODWOOD RESIDENCE, 261 BUKIT TIMAH ROAD, SINGAPORE U0 259703
Stanley Morgan other: See Remarks Below 1585 BROADWAY, NEW YORK NY 10036
Wong Arthur Lap Tat director C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Wu Qizhou director, officer: COO
Tse Yiu Wong director 4TH FL BLDG E NO 501, JEN GANG RD, SHANGHAI CHINA F4 9999999
Shengbin Yu officer: Senior Vice President HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Liping Xie other: Wife of Chairman
Haimian Cai director 3170 OTTER CREEK COURT, ANN ARBOR MI 48105
Hanlin Chen director, 10 percent owner, officer: President and CEO
Shaobo Wang officer: Senior Vice President HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Yijun Xia officer: Vice President NO. 1 HENGLONG ROAD, YUQIAO DEV. ZONE, SHASHI DISTRICT, JINGZHOU CITY, HUBEI PROVINCE F4 434000
Guangxun Xu director 17 WINDERMERE AVENUE, FINCHLEY, LONDON X0 N3 3QX
Robert Tung director 1733 LEHAVRE DR, POTOMAC MD 20854
Daming Hu officer: Chief Accountant