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Harbin VITI Electronic Co (SHSE:603023) Cyclically Adjusted Price-to-FCF : 17.08 (As of May. 28, 2024)


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What is Harbin VITI Electronic Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Harbin VITI Electronic Co's current share price is ¥2.05. Harbin VITI Electronic Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.12. Harbin VITI Electronic Co's Cyclically Adjusted Price-to-FCF for today is 17.08.

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

SHSE:603023' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.42   Med: 32.69   Max: 57.83
Current: 19.17

During the past years, Harbin VITI Electronic Co's highest Cyclically Adjusted Price-to-FCF was 57.83. The lowest was 18.42. And the median was 32.69.

SHSE:603023's Cyclically Adjusted Price-to-FCF is ranked better than
56.18% of 477 companies
in the Vehicles & Parts industry
Industry Median: 21.54 vs SHSE:603023: 19.17

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.

Harbin VITI Electronic Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.022. 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 ¥0.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Harbin VITI Electronic Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Harbin VITI Electronic 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.

Harbin VITI Electronic Co Cyclically Adjusted Price-to-FCF Chart

Harbin VITI Electronic 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 - - - 30.17 45.01

Harbin VITI Electronic 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 32.95 33.74 39.14 45.01 34.96

Competitive Comparison of Harbin VITI Electronic Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Harbin VITI Electronic 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.


Harbin VITI Electronic Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Harbin VITI Electronic Co's Cyclically Adjusted Price-to-FCF falls into.



Harbin VITI Electronic 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.

Harbin VITI Electronic Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.05/0.12
=17.08

* 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.

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

For example, Harbin VITI Electronic 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)
=0.022/115.2271*115.2271
=0.022

Current CPI (Mar. 2024) = 115.2271.

Harbin VITI Electronic Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.044 98.200 0.052
201409 0.106 98.900 0.123
201412 0.066 99.000 0.077
201503 0.060 99.900 0.069
201506 0.052 99.500 0.060
201509 0.038 100.500 0.044
201512 0.111 100.600 0.127
201603 0.050 102.200 0.056
201606 0.022 101.400 0.025
201609 0.022 102.400 0.025
201612 0.026 102.600 0.029
201703 0.017 103.200 0.019
201706 -0.013 103.100 -0.015
201709 -0.038 104.100 -0.042
201712 -0.045 104.500 -0.050
201803 -0.023 105.300 -0.025
201806 0.029 104.900 0.032
201809 0.050 106.600 0.054
201812 0.100 106.500 0.108
201903 -0.020 107.700 -0.021
201906 -0.041 107.700 -0.044
201909 0.022 109.800 0.023
201912 0.070 111.200 0.073
202003 0.002 112.300 0.002
202006 0.074 110.400 0.077
202009 0.239 111.700 0.247
202012 0.004 111.500 0.004
202103 0.007 112.662 0.007
202106 0.020 111.769 0.021
202109 0.016 112.215 0.016
202112 0.018 113.108 0.018
202203 -0.005 114.335 -0.005
202206 -0.029 114.558 -0.029
202209 -0.033 115.339 -0.033
202212 -0.022 115.116 -0.022
202303 -0.017 115.116 -0.017
202306 0.023 114.558 0.023
202309 0.019 115.339 0.019
202312 0.003 114.781 0.003
202403 0.022 115.227 0.022

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.


Harbin VITI Electronic Co  (SHSE:603023) 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.


Harbin VITI Electronic Co Cyclically Adjusted Price-to-FCF Related Terms

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Harbin VITI Electronic Co (SHSE:603023) Business Description

Traded in Other Exchanges
N/A
Address
No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
Executives
Wu Peng Cheng senior management
Cui Jian Min senior management
Chen Zhen Hua Directors, senior managers
Yu Qiong senior management
Bai Zhe Song Director
Zhou Bao Tian Supervisors
Liu Guo Ping Director
Lv You Gang senior management

Harbin VITI Electronic Co (SHSE:603023) Headlines

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