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Flat Glass Group Co (HKSE:06865) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Flat Glass Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Flat Glass Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Flat Glass Group Co'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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Flat Glass Group Co Cyclically Adjusted Price-to-FCF Chart

Flat Glass Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Flat Glass Group Co Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Flat Glass Group Co's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Flat Glass Group Co'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.


Flat Glass Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Flat Glass Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Flat Glass Group Co's Cyclically Adjusted Price-to-FCF falls into.



Flat Glass Group Co 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.

Flat Glass Group Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Flat Glass Group Co'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)
=-1.786/114.7809*114.7809
=-1.786

Current CPI (Dec23) = 114.7809.

Flat Glass Group Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.251 99.000 0.291
201512 0.376 100.600 0.429
201612 0.403 102.600 0.451
201712 -0.160 104.500 -0.176
201812 -0.542 106.500 -0.584
201912 -0.458 111.200 -0.473
202012 -0.147 111.500 -0.151
202112 -1.821 113.108 -1.848
202212 -4.108 115.116 -4.096
202312 -1.786 114.781 -1.786

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.


Flat Glass Group Co  (HKSE:06865) 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.


Flat Glass Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Traded in Other Exchanges
Address
1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN
Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.
Executives
Fmr Llc 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
Citigroup Inc. 2502 Approved lending agent
Fidelity Investment Trust 2101 Beneficial owner
Ubs Group Ag 2201 Interest of corporation controlled by you
Schroders Plc 2102 Investment manager
Bank Of America Corporation 2201 Interest of corporation controlled by you
Zhu Que Ji Jin Guan Li You Xian Gong Si 2401 A concert party to an agreement to buy shares
Schroders Plc 2102 Investment manager
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
Public Investment Fund 2101 Beneficial owner
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
Pacific Asset Management Co., Ltd. 2102 Investment manager

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