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Ningbo Zhongbai Co (SHSE:600857) Cyclically Adjusted Price-to-FCF : (As of Jun. 13, 2024)


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What is Ningbo Zhongbai Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ningbo Zhongbai Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ningbo Zhongbai 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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Ningbo Zhongbai Co Cyclically Adjusted Price-to-FCF Chart

Ningbo Zhongbai Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ningbo Zhongbai Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ningbo Zhongbai Co's Cyclically Adjusted Price-to-FCF

For the Department Stores subindustry, Ningbo Zhongbai 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.


Ningbo Zhongbai Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ningbo Zhongbai Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ningbo Zhongbai 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.

Ningbo Zhongbai Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ningbo Zhongbai Co'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)
=-0.083/115.2271*115.2271
=-0.083

Current CPI (Mar. 2024) = 115.2271.

Ningbo Zhongbai Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.059 98.200 0.069
201409 0.132 98.900 0.154
201412 0.086 99.000 0.100
201503 -0.101 99.900 -0.116
201506 0.065 99.500 0.075
201509 0.100 100.500 0.115
201512 0.056 100.600 0.064
201603 -0.055 102.200 -0.062
201606 0.035 101.400 0.040
201609 0.035 102.400 0.039
201612 0.149 102.600 0.167
201703 -0.233 103.200 -0.260
201706 0.050 103.100 0.056
201709 0.187 104.100 0.207
201712 0.048 104.500 0.053
201803 -0.264 105.300 -0.289
201806 0.026 104.900 0.029
201809 -0.217 106.600 -0.235
201812 0.029 106.500 0.031
201903 -0.033 107.700 -0.035
201906 -0.053 107.700 -0.057
201909 0.085 109.800 0.089
201912 0.017 111.200 0.018
202003 -0.049 112.300 -0.050
202006 -0.031 110.400 -0.032
202009 -0.205 111.700 -0.211
202012 -0.388 111.500 -0.401
202103 -0.030 112.662 -0.031
202106 -0.090 111.769 -0.093
202109 0.066 112.215 0.068
202112 0.125 113.108 0.127
202203 -0.007 114.335 -0.007
202206 -0.059 114.558 -0.059
202209 0.006 115.339 0.006
202212 0.089 115.116 0.089
202303 0.013 115.116 0.013
202306 -0.002 114.558 -0.002
202309 -0.069 115.339 -0.069
202312 0.123 114.781 0.123
202403 -0.083 115.227 -0.083

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.


Ningbo Zhongbai Co  (SHSE:600857) 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.


Ningbo Zhongbai Co Cyclically Adjusted Price-to-FCF Related Terms

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Ningbo Zhongbai Co (SHSE:600857) Business Description

Traded in Other Exchanges
N/A
Address
No. 77, Heyi Road, 21st Floor, Haishu District, Zhejiang Province, Ningbo, CHN, 315000
Ningbo Zhongbai Co Ltd is engaged in wholesale and retail of commercial department stores. The company's business scope includes gold, jewelry, needle textiles, clothing, cosmetics, luggage, shoes and hats, daily necessities, handicrafts, toys, culture, sporting goods and equipment, machinery and equipment, hardware, household appliances, electronic products, communication equipment, construction and decoration materials, furniture wholesale, and others.

Ningbo Zhongbai Co (SHSE:600857) Headlines

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