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QuMei Home Furnishings Group Co (SHSE:603818) Cyclically Adjusted Price-to-FCF : 5.33 (As of May. 23, 2024)


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What is QuMei Home Furnishings Group Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), QuMei Home Furnishings Group Co's current share price is ¥3.57. QuMei Home Furnishings Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.67. QuMei Home Furnishings Group Co's Cyclically Adjusted Price-to-FCF for today is 5.33.

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

SHSE:603818' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.66   Med: 9   Max: 11.95
Current: 5.48

During the past years, QuMei Home Furnishings Group Co's highest Cyclically Adjusted Price-to-FCF was 11.95. The lowest was 4.66. And the median was 9.00.

SHSE:603818's Cyclically Adjusted Price-to-FCF is ranked better than
89.94% of 179 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 18.8 vs SHSE:603818: 5.48

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.

QuMei Home Furnishings Group Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.136. 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 ¥0.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


QuMei Home Furnishings Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for QuMei Home Furnishings 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.

* Premium members only.

QuMei Home Furnishings Group Co Cyclically Adjusted Price-to-FCF Chart

QuMei Home Furnishings Group 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 - - - - 8.62

QuMei Home Furnishings Group 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 11.67 9.15 8.91 8.62 5.73

Competitive Comparison of QuMei Home Furnishings Group Co's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, QuMei Home Furnishings 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.


QuMei Home Furnishings Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, QuMei Home Furnishings Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



QuMei Home Furnishings 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.

QuMei Home Furnishings Group Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.57/0.67
=5.33

* 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.

QuMei Home Furnishings Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, QuMei Home Furnishings Group 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)
=0.136/115.2271*115.2271
=0.136

Current CPI (Mar. 2024) = 115.2271.

QuMei Home Furnishings Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.068 98.200 0.080
201409 0.275 98.900 0.320
201412 0.133 99.000 0.155
201503 -0.082 99.900 -0.095
201506 0.091 99.500 0.105
201509 0.103 100.500 0.118
201512 0.133 100.600 0.152
201603 -0.026 102.200 -0.029
201606 0.246 101.400 0.280
201609 0.054 102.400 0.061
201612 0.096 102.600 0.108
201703 -0.127 103.200 -0.142
201706 0.063 103.100 0.070
201709 0.094 104.100 0.104
201712 0.111 104.500 0.122
201803 -0.251 105.300 -0.275
201806 0.130 104.900 0.143
201809 0.052 106.600 0.056
201812 0.271 106.500 0.293
201903 0.066 107.700 0.071
201906 0.240 107.700 0.257
201909 0.941 109.800 0.988
201912 0.386 111.200 0.400
202003 -0.135 112.300 -0.139
202006 0.449 110.400 0.469
202009 0.285 111.700 0.294
202012 0.325 111.500 0.336
202103 -0.166 112.662 -0.170
202106 0.280 111.769 0.289
202109 0.038 112.215 0.039
202112 0.361 113.108 0.368
202203 -0.034 114.335 -0.034
202206 0.227 114.558 0.228
202209 0.138 115.339 0.138
202212 0.132 115.116 0.132
202303 0.173 115.116 0.173
202306 0.404 114.558 0.406
202309 0.258 115.339 0.258
202312 0.395 114.781 0.397
202403 0.136 115.227 0.136

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.


QuMei Home Furnishings Group Co  (SHSE:603818) 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.


QuMei Home Furnishings Group Co Cyclically Adjusted Price-to-FCF Related Terms

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QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Traded in Other Exchanges
N/A
Address
No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102
QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

QuMei Home Furnishings Group Co (SHSE:603818) Headlines

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