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China Longyuan Power Group (HKSE:00916) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2024)


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What is China Longyuan Power Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Longyuan Power Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Longyuan Power Group'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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China Longyuan Power Group Cyclically Adjusted Price-to-FCF Chart

China Longyuan Power Group 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 - - - 87.54 -

China Longyuan Power Group 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 121.95 318.33 4,348.87 - -

Competitive Comparison of China Longyuan Power Group's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, China Longyuan Power Group'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 Longyuan Power Group's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Longyuan Power Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Longyuan Power Group's Cyclically Adjusted Price-to-FCF falls into.



China Longyuan Power Group 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 Longyuan Power Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Longyuan Power Group'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)
=-0.396/115.2271*115.2271
=-0.396

Current CPI (Mar. 2024) = 115.2271.

China Longyuan Power Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.154 98.200 -0.181
201409 -0.293 98.900 -0.341
201412 -0.425 99.000 -0.495
201503 -0.076 99.900 -0.088
201506 0.065 99.500 0.075
201509 -0.030 100.500 -0.034
201512 -0.236 100.600 -0.270
201603 -0.201 102.200 -0.227
201606 0.227 101.400 0.258
201609 0.467 102.400 0.525
201612 -0.543 102.600 -0.610
201703 0.005 103.200 0.006
201706 0.596 103.100 0.666
201709 -0.772 104.100 -0.855
201712 0.659 104.500 0.727
201803 0.011 105.300 0.012
201806 0.289 104.900 0.317
201809 0.384 106.600 0.415
201812 0.120 106.500 0.130
201903 -0.085 107.700 -0.091
201906 0.262 107.700 0.280
201909 0.211 109.800 0.221
201912 -0.160 111.200 -0.166
202003 -0.036 112.300 -0.037
202006 0.015 110.400 0.016
202009 -0.257 111.700 -0.265
202012 -0.754 111.500 -0.779
202103 0.166 112.662 0.170
202106 0.054 111.769 0.056
202109 -0.283 112.215 -0.291
202112 0.064 113.108 0.065
202203 -0.119 114.335 -0.120
202206 1.410 114.558 1.418
202209 -0.065 115.339 -0.065
202212 -0.226 115.116 -0.226
202303 -0.296 115.116 -0.296
202306 -0.078 114.558 -0.078
202309 -0.654 115.339 -0.653
202312 0.385 114.781 0.386
202403 -0.396 115.227 -0.396

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 Longyuan Power Group  (HKSE:00916) 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 Longyuan Power Group Cyclically Adjusted Price-to-FCF Related Terms

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China Longyuan Power Group (HKSE:00916) Business Description

Traded in Other Exchanges
Address
6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN
Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Gic Private Limited 2102 Investment manager
Citigroup Inc. 2502 Approved lending agent
Wellington Management Group Llp 2102 Investment manager
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Lazard Asset Management Llc 2102 Investment manager

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