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China Construction Bank (STU:C6T) Cyclically Adjusted Price-to-FCF : 3.79 (As of May. 27, 2024)


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What is China Construction Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), China Construction Bank's current share price is €0.6824. China Construction Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.18. China Construction Bank's Cyclically Adjusted Price-to-FCF for today is 3.79.

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

STU:C6T' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.5   Med: 3.32   Max: 5.38
Current: 3.17

During the past years, China Construction Bank's highest Cyclically Adjusted Price-to-FCF was 5.38. The lowest was 2.50. And the median was 3.32.

STU:C6T's Cyclically Adjusted Price-to-FCF is ranked better than
79.59% of 833 companies
in the Banks industry
Industry Median: 7.38 vs STU:C6T: 3.17

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.

China Construction Bank's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.103. 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 €0.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Construction Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Construction Bank'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 Construction Bank Cyclically Adjusted Price-to-FCF Chart

China Construction Bank 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 4.06 3.86 3.31 2.79 2.88

China Construction Bank 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 2.66 2.72 2.84 2.88 3.08

Competitive Comparison of China Construction Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, China Construction Bank'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 Construction Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Construction Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Construction Bank's Cyclically Adjusted Price-to-FCF falls into.



China Construction Bank 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 Construction Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.6824/0.18
=3.79

* 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 Construction Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Construction Bank'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)
=0.103/115.2271*115.2271
=0.103

Current CPI (Mar. 2024) = 115.2271.

China Construction Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.083 98.200 -0.097
201409 0.187 98.900 0.218
201412 -0.087 99.000 -0.101
201503 0.160 99.900 0.185
201506 0.026 99.500 0.030
201509 0.134 100.500 0.154
201512 0.030 100.600 0.034
201603 0.196 102.200 0.221
201606 0.057 101.400 0.065
201609 0.288 102.400 0.324
201612 -0.079 102.600 -0.089
201703 0.141 103.200 0.157
201706 -0.201 103.100 -0.225
201709 0.127 104.100 0.141
201712 -0.033 104.500 -0.036
201803 0.180 105.300 0.197
201806 -0.040 104.900 -0.044
201809 0.234 106.600 0.253
201812 -0.146 106.500 -0.158
201903 0.147 107.700 0.157
201906 -0.087 107.700 -0.093
201909 0.029 109.800 0.030
201912 0.190 111.200 0.197
202003 0.251 112.300 0.258
202006 -0.221 110.400 -0.231
202009 0.268 111.700 0.276
202012 -0.020 111.500 -0.021
202103 0.129 112.662 0.132
202106 -0.044 111.769 -0.045
202109 0.159 112.215 0.163
202112 -0.025 113.108 -0.025
202203 0.268 114.335 0.270
202206 0.192 114.558 0.193
202209 0.003 115.339 0.003
202212 0.073 115.116 0.073
202303 0.197 115.116 0.197
202306 0.230 114.558 0.231
202309 -0.175 115.339 -0.175
202312 0.074 114.781 0.074
202403 0.103 115.227 0.103

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 Construction Bank  (STU:C6T) 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 Construction Bank Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Construction Bank's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Construction Bank (STU:C6T) Business Description

Traded in Other Exchanges
Address
No. 25, Finance Street, Xicheng District, Beijing, CHN, 100033
As one of the big four banks, China Construction Bank is headquartered in Beijing. The bank went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the company's second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. Corporate banking, retail banking, and wholesale banking business segments accounted for 36%, 57%, and 7% of profit before tax, respectively, in 2022.

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