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Shandong Chenming Paper Holdings (HKSE:01812) Cyclically Adjusted Price-to-FCF : 7.85 (As of May. 23, 2024)


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What is Shandong Chenming Paper Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Shandong Chenming Paper Holdings's current share price is HK$2.04. Shandong Chenming Paper Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$0.26. Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF for today is 7.85.

The historical rank and industry rank for Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01812' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.04   Med: 18.57   Max: 100.63
Current: 7.22

During the past years, Shandong Chenming Paper Holdings's highest Cyclically Adjusted Price-to-FCF was 100.63. The lowest was 6.04. And the median was 18.57.

HKSE:01812's Cyclically Adjusted Price-to-FCF is ranked better than
80.17% of 121 companies
in the Forest Products industry
Industry Median: 17 vs HKSE:01812: 7.22

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.

Shandong Chenming Paper Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$0.159. 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 HK$0.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Chenming Paper Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shandong Chenming Paper 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.

Shandong Chenming Paper Holdings Cyclically Adjusted Price-to-FCF Chart

Shandong Chenming Paper 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 - - 34.87 17.74 7.27

Shandong Chenming Paper Holdings 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 17.09 13.23 9.63 7.27 6.41

Competitive Comparison of Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, Shandong Chenming Paper 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.


Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF falls into.



Shandong Chenming Paper 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.

Shandong Chenming Paper Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.04/0.26
=7.85

* 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.

Shandong Chenming Paper Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shandong Chenming Paper Holdings'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)
=0.159/115.2271*115.2271
=0.159

Current CPI (Mar. 2024) = 115.2271.

Shandong Chenming Paper Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.015 98.200 0.018
201409 -0.227 98.900 -0.264
201412 -0.695 99.000 -0.809
201503 -0.609 99.900 -0.702
201506 -0.723 99.500 -0.837
201509 -2.855 100.500 -3.273
201512 -1.215 100.600 -1.392
201603 -1.607 102.200 -1.812
201606 0.333 101.400 0.378
201609 -0.256 102.400 -0.288
201612 1.712 102.600 1.923
201703 -0.677 103.200 -0.756
201706 -0.448 103.100 -0.501
201709 0.461 104.100 0.510
201712 0.530 104.500 0.584
201803 0.222 105.300 0.243
201806 0.487 104.900 0.535
201809 0.826 106.600 0.893
201812 0.878 106.500 0.950
201903 0.502 107.700 0.537
201906 0.031 107.700 0.033
201909 0.866 109.800 0.909
201912 1.230 111.200 1.275
202003 0.062 112.300 0.064
202006 0.181 110.400 0.189
202009 1.342 111.700 1.384
202012 0.988 111.500 1.021
202103 1.220 112.662 1.248
202106 0.426 111.769 0.439
202109 0.659 112.215 0.677
202112 0.372 113.108 0.379
202203 0.067 114.335 0.068
202206 -0.003 114.558 -0.003
202209 0.032 115.339 0.032
202212 0.397 115.116 0.397
202303 0.359 115.116 0.359
202306 0.322 114.558 0.324
202309 0.645 115.339 0.644
202312 0.254 114.781 0.255
202403 0.159 115.227 0.159

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.


Shandong Chenming Paper Holdings  (HKSE:01812) 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.


Shandong Chenming Paper Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Shandong Chenming Paper Holdings (HKSE:01812) Business Description

Traded in Other Exchanges
Address
No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705
Shandong Chenming Paper Holdings Ltd is a paper making company. The company's product mix consists of printing paper, packaging paper, office paper, industrial paper and household paper, and various other types of paper mixes. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and property, and other segments. Geographically, it derives a majority of revenue from Mainland China.

Shandong Chenming Paper Holdings (HKSE:01812) Headlines

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