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Li Ning Co (Li Ning Co) Cyclically Adjusted Price-to-FCF : 26.67 (As of Apr. 30, 2024)


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What is Li Ning Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Li Ning Co's current share price is $66.678. Li Ning Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $2.50. Li Ning Co's Cyclically Adjusted Price-to-FCF for today is 26.67.

The historical rank and industry rank for Li Ning Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LNNGY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.74   Med: 96.11   Max: 1165.56
Current: 27.09

During the past 13 years, Li Ning Co's highest Cyclically Adjusted Price-to-FCF was 1165.56. The lowest was 20.74. And the median was 96.11.

LNNGY's Cyclically Adjusted Price-to-FCF is ranked worse than
56.57% of 350 companies
in the Travel & Leisure industry
Industry Median: 21.745 vs LNNGY: 27.09

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.

Li Ning Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $3.871. 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 $2.50 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Li Ning Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Li Ning 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.

* Premium members only.

Li Ning Co Cyclically Adjusted Price-to-FCF Chart

Li Ning Co 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 289.23 615.67 213.07 107.10 26.83

Li Ning Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 213.07 - 107.10 - 26.83

Competitive Comparison of Li Ning Co's Cyclically Adjusted Price-to-FCF

For the Leisure subindustry, Li Ning 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.


Li Ning Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Li Ning Co's Cyclically Adjusted Price-to-FCF falls into.



Li Ning 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.

Li Ning Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=66.678/2.5
=26.67

* 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.

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

For example, Li Ning 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)
=3.871/114.6694*114.6694
=3.871

Current CPI (Dec23) = 114.6694.

Li Ning Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.865 99.000 -2.160
201512 0.536 100.600 0.611
201612 0.844 102.600 0.943
201712 1.139 104.500 1.250
201812 1.587 106.500 1.709
201912 4.029 111.200 4.155
202012 3.071 111.500 3.158
202112 8.499 113.108 8.616
202212 2.837 115.116 2.826
202312 3.871 114.669 3.871

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.


Li Ning Co  (OTCPK:LNNGY) 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.


Li Ning Co Cyclically Adjusted Price-to-FCF Related Terms

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Li Ning Co (Li Ning Co) Business Description

Traded in Other Exchanges
Address
No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

Li Ning Co (Li Ning Co) Headlines

From GuruFocus

Matthews China Fund Comments on Li Ning Co Ltd

By Vera Yuan Vera Yuan 10-20-2014