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Hunan Zhenghong Science And Technology Develop Co (SZSE:000702) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Hunan Zhenghong Science And Technology Develop Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hunan Zhenghong Science And Technology Develop Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hunan Zhenghong Science And Technology Develop 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.

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Hunan Zhenghong Science And Technology Develop Co Cyclically Adjusted Price-to-FCF Chart

Hunan Zhenghong Science And Technology Develop Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hunan Zhenghong Science And Technology Develop Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Hunan Zhenghong Science And Technology Develop Co's Cyclically Adjusted Price-to-FCF

For the Farm Products subindustry, Hunan Zhenghong Science And Technology Develop 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.


Hunan Zhenghong Science And Technology Develop Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hunan Zhenghong Science And Technology Develop Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hunan Zhenghong Science And Technology Develop Co's Cyclically Adjusted Price-to-FCF falls into.



Hunan Zhenghong Science And Technology Develop 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.

Hunan Zhenghong Science And Technology Develop Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hunan Zhenghong Science And Technology Develop 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)
=-0.152/115.2271*115.2271
=-0.152

Current CPI (Mar. 2024) = 115.2271.

Hunan Zhenghong Science And Technology Develop Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.092 98.200 -0.108
201409 0.025 98.900 0.029
201412 -0.073 99.000 -0.085
201503 -0.020 99.900 -0.023
201506 0.161 99.500 0.186
201509 -0.054 100.500 -0.062
201512 -0.111 100.600 -0.127
201603 0.090 102.200 0.101
201606 0.239 101.400 0.272
201609 -0.167 102.400 -0.188
201612 -0.051 102.600 -0.057
201703 -0.122 103.200 -0.136
201706 0.084 103.100 0.094
201709 -0.012 104.100 -0.013
201712 -0.108 104.500 -0.119
201803 -0.071 105.300 -0.078
201806 -0.023 104.900 -0.025
201809 0.130 106.600 0.141
201812 -0.157 106.500 -0.170
201903 -0.111 107.700 -0.119
201906 0.021 107.700 0.022
201909 0.215 109.800 0.226
201912 0.035 111.200 0.036
202003 -0.008 112.300 -0.008
202006 -0.199 110.400 -0.208
202009 -0.483 111.700 -0.498
202012 -0.366 111.500 -0.378
202103 -0.397 112.662 -0.406
202106 -0.388 111.769 -0.400
202109 -0.239 112.215 -0.245
202112 0.106 113.108 0.108
202203 -0.101 114.335 -0.102
202206 -0.136 114.558 -0.137
202209 -0.040 115.339 -0.040
202212 -0.180 115.116 -0.180
202303 0.019 115.116 0.019
202306 0.045 114.558 0.045
202309 0.018 115.339 0.018
202312 0.018 114.781 0.018
202403 -0.152 115.227 -0.152

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.


Hunan Zhenghong Science And Technology Develop Co  (SZSE:000702) 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.


Hunan Zhenghong Science And Technology Develop Co Cyclically Adjusted Price-to-FCF Related Terms

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Hunan Zhenghong Science And Technology Develop Co (SZSE:000702) Business Description

Traded in Other Exchanges
N/A
Address
Zhenghong Office Building, Quyuan Management District, Hunan Province, Yueyang, CHN, 414418
Hunan Zhenghong Science And Technology Develop Co Ltd is mainly engaged in research and development, production and sales of feed products. In addition to feed processing, the company is also engaged in the breeding of improved pigs, meat processing, biological veterinary drugs and import and export trade.

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