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China National Chemical Engineering Co (SHSE:601117) Cyclically Adjusted Price-to-FCF : 23.82 (As of May. 21, 2024)


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What is China National Chemical Engineering Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), China National Chemical Engineering Co's current share price is ¥8.10. China National Chemical Engineering Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.34. China National Chemical Engineering Co's Cyclically Adjusted Price-to-FCF for today is 23.82.

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

SHSE:601117' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.17   Med: 25.28   Max: 58.83
Current: 23.32

During the past years, China National Chemical Engineering Co's highest Cyclically Adjusted Price-to-FCF was 58.83. The lowest was 13.17. And the median was 25.28.

SHSE:601117's Cyclically Adjusted Price-to-FCF is ranked worse than
58.45% of 580 companies
in the Construction industry
Industry Median: 18.005 vs SHSE:601117: 23.32

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.

China National Chemical Engineering Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-1.269. 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 ¥0.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China National Chemical Engineering Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China National Chemical Engineering 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.

China National Chemical Engineering Co Cyclically Adjusted Price-to-FCF Chart

China National Chemical Engineering 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 18.19 13.81 38.93 30.91 16.16

China National Chemical Engineering Co 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 52.46 35.84 40.75 16.16 19.67

Competitive Comparison of China National Chemical Engineering Co's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, China National Chemical Engineering 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.


China National Chemical Engineering Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, China National Chemical Engineering Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China National Chemical Engineering Co's Cyclically Adjusted Price-to-FCF falls into.



China National Chemical Engineering 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.

China National Chemical Engineering Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.10/0.34
=23.82

* 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.

China National Chemical Engineering Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China National Chemical Engineering 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)
=-1.269/115.2271*115.2271
=-1.269

Current CPI (Mar. 2024) = 115.2271.

China National Chemical Engineering Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.086 98.200 0.101
201409 -0.140 98.900 -0.163
201412 0.473 99.000 0.551
201503 -0.442 99.900 -0.510
201506 0.123 99.500 0.142
201509 0.055 100.500 0.063
201512 0.353 100.600 0.404
201603 -0.241 102.200 -0.272
201606 -0.054 101.400 -0.061
201609 0.360 102.400 0.405
201612 0.382 102.600 0.429
201703 -0.385 103.200 -0.430
201706 0.016 103.100 0.018
201709 0.070 104.100 0.077
201712 0.642 104.500 0.708
201803 -0.129 105.300 -0.141
201806 0.742 104.900 0.815
201809 -0.381 106.600 -0.412
201812 0.565 106.500 0.611
201903 -0.663 107.700 -0.709
201906 0.260 107.700 0.278
201909 0.650 109.800 0.682
201912 0.538 111.200 0.557
202003 -1.314 112.300 -1.348
202006 0.313 110.400 0.327
202009 1.034 111.700 1.067
202012 1.230 111.500 1.271
202103 -0.532 112.662 -0.544
202106 0.144 111.769 0.148
202109 -0.877 112.215 -0.901
202112 0.808 113.108 0.823
202203 -1.238 114.335 -1.248
202206 0.288 114.558 0.290
202209 -0.408 115.339 -0.408
202212 1.103 115.116 1.104
202303 -1.084 115.116 -1.085
202306 0.921 114.558 0.926
202309 -0.834 115.339 -0.833
202312 1.958 114.781 1.966
202403 -1.269 115.227 -1.269

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 National Chemical Engineering Co  (SHSE:601117) 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 National Chemical Engineering Co Cyclically Adjusted Price-to-FCF Related Terms

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China National Chemical Engineering Co (SHSE:601117) Business Description

Traded in Other Exchanges
N/A
Address
2nd Avenue, Dongzhimen, Dongcheng District, Beijing, CHN, 100007
China National Chemical Engineering Co Ltd engages in the general contracting of construction and infrastructure projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China and internationally. It provides services, such as project consulting, prospecting, design, construction, project management environmental treatment, and technology research and development and its industrialization, as well as the installation of pipelines, circuits, and equipment.

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