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Asia Cement (China) Holdings (HKSE:00743) Cyclically Adjusted Price-to-FCF : (As of May. 31, 2024)


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What is Asia Cement (China) Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Cement (China) Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asia Cement (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.

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Asia Cement (China) Holdings Cyclically Adjusted Price-to-FCF Chart

Asia Cement (China) Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Asia Cement (China) Holdings Quarterly Data
Jun16 Sep16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Asia Cement (China) Holdings's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, Asia Cement (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.


Asia Cement (China) Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement (China) Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Asia Cement (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.

Asia Cement (China) Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Asia Cement (China) Holdings'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)
=0/114.7809*114.7809
=0.000

Current CPI (Dec. 2023) = 114.7809.

Asia Cement (China) Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 0.146 91.154 0.184
201106 0.234 91.612 0.293
201109 0.255 92.711 0.316
201112 0.370 92.885 0.457
201203 0.350 94.367 0.426
201206 0.322 93.495 0.395
201209 0.250 94.482 0.304
201212 0.304 95.237 0.366
201303 0.245 96.372 0.292
201306 0.325 95.984 0.389
201309 0.359 97.332 0.423
201312 0.531 97.624 0.624
201403 0.018 98.600 0.021
201406 0.486 98.200 0.568
201409 0.005 98.900 0.006
201412 0.066 99.000 0.077
201503 0.019 99.900 0.022
201506 0.357 99.500 0.412
201509 0.241 100.500 0.275
201512 0.359 100.600 0.410
201603 0.386 102.200 0.434
201606 0.261 101.400 0.295
201609 0.263 102.400 0.295
201612 0.338 102.600 0.378
201706 0.000 103.100 0.000
201712 0.000 104.500 0.000
201806 0.000 104.900 0.000
201812 0.000 106.500 0.000
201906 0.000 107.700 0.000
201912 0.000 111.200 0.000
202006 0.000 110.400 0.000
202012 0.000 111.500 0.000
202106 0.000 111.769 0.000
202112 0.000 113.108 0.000
202206 0.000 114.558 0.000
202209 0.000 115.339 0.000
202212 0.000 115.116 0.000
202306 0.000 114.558 0.000
202309 0.000 115.339 0.000
202312 0.000 114.781 0.000

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.


Asia Cement (China) Holdings  (HKSE:00743) 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.


Asia Cement (China) Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Asia Cement (China) Holdings (HKSE:00743) Business Description

Traded in Other Exchanges
Address
No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207
Asia Cement (China) Holdings Corp is an investment holding company. The company operates through the Cement and Concrete business segments. Its products include cement, clinker, ready-mix concrete, and blast-furnace slag powder. It derives revenue from China. Its geographical segments include the Southeastern region, Central region, and Southwestern region.
Executives
Asia Cement Corporation
Far Eastern New Century Corporation

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