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Changhong Meiling Co (SZSE:000521) Cyclically Adjusted Price-to-FCF : 21.45 (As of May. 24, 2024)


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What is Changhong Meiling Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Changhong Meiling Co's current share price is ¥10.51. Changhong Meiling Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.49. Changhong Meiling Co's Cyclically Adjusted Price-to-FCF for today is 21.45.

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

SZSE:000521' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.18   Med: 36.64   Max: 673
Current: 23.36

During the past years, Changhong Meiling Co's highest Cyclically Adjusted Price-to-FCF was 673.00. The lowest was 9.18. And the median was 36.64.

SZSE:000521's Cyclically Adjusted Price-to-FCF is ranked worse than
55.87% of 179 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 18.8 vs SZSE:000521: 23.36

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.

Changhong Meiling Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.184. 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 ¥0.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Changhong Meiling Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Changhong Meiling 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.

Changhong Meiling Co Cyclically Adjusted Price-to-FCF Chart

Changhong Meiling 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 31.20 42.68 14.25 12.18 12.50

Changhong Meiling 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 16.80 15.29 10.42 12.50 19.15

Competitive Comparison of Changhong Meiling Co's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Changhong Meiling 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.


Changhong Meiling Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

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

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



Changhong Meiling 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.

Changhong Meiling Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.51/0.49
=21.45

* 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.

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

For example, Changhong Meiling 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)
=-0.184/115.2271*115.2271
=-0.184

Current CPI (Mar. 2024) = 115.2271.

Changhong Meiling Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.022 98.200 0.026
201409 0.076 98.900 0.089
201412 0.442 99.000 0.514
201503 -0.203 99.900 -0.234
201506 0.591 99.500 0.684
201509 0.821 100.500 0.941
201512 -1.028 100.600 -1.177
201603 0.135 102.200 0.152
201606 0.920 101.400 1.045
201609 0.864 102.400 0.972
201612 -0.647 102.600 -0.727
201703 0.464 103.200 0.518
201706 -0.230 103.100 -0.257
201709 -0.686 104.100 -0.759
201712 -0.589 104.500 -0.649
201803 -0.843 105.300 -0.922
201806 0.735 104.900 0.807
201809 -0.081 106.600 -0.088
201812 -0.630 106.500 -0.682
201903 -1.013 107.700 -1.084
201906 1.178 107.700 1.260
201909 -0.226 109.800 -0.237
201912 0.978 111.200 1.013
202003 -1.023 112.300 -1.050
202006 0.427 110.400 0.446
202009 0.046 111.700 0.047
202012 1.543 111.500 1.595
202103 -1.015 112.662 -1.038
202106 0.325 111.769 0.335
202109 0.327 112.215 0.336
202112 0.260 113.108 0.265
202203 -1.104 114.335 -1.113
202206 1.510 114.558 1.519
202209 1.159 115.339 1.158
202212 -0.435 115.116 -0.435
202303 -0.429 115.116 -0.429
202306 1.689 114.558 1.699
202309 0.904 115.339 0.903
202312 -0.408 114.781 -0.410
202403 -0.184 115.227 -0.184

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.


Changhong Meiling Co  (SZSE:000521) 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.


Changhong Meiling Co Cyclically Adjusted Price-to-FCF Related Terms

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Changhong Meiling Co (SZSE:000521) Business Description

Traded in Other Exchanges
Address
No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601
Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.
Executives
Tang You Dao Executives
Li Xia Secretary Dong
Zhong Ming Directors, executives
Li Wei Director
Wu Ding Gang Directors, executives
Zhang Xiao Long Executives
Liao Tao Executives
Shang Wen Supervisors
Kou Hua Meng Director
Deng Xiao Hui Executives
Wang Ying Min Executives
Wang Yong Director
Liu Ti Bin Director

Changhong Meiling Co (SZSE:000521) Headlines

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