GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Busen Garments Co Ltd (SZSE:002569) » Definitions » Cyclically Adjusted Price-to-FCF

Zhejiang Busen Garments Co (SZSE:002569) Cyclically Adjusted Price-to-FCF : (As of Jun. 14, 2024)


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What is Zhejiang Busen Garments Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Busen Garments Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Busen Garments 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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Zhejiang Busen Garments Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Busen Garments Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zhejiang Busen Garments 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 Zhejiang Busen Garments Co's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Zhejiang Busen Garments 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.


Zhejiang Busen Garments Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Busen Garments Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhejiang Busen Garments Co's Cyclically Adjusted Price-to-FCF falls into.



Zhejiang Busen Garments 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.

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

For example, Zhejiang Busen Garments 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)
=-0.189/115.2271*115.2271
=-0.189

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Busen Garments Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.084 98.200 -0.099
201409 -0.170 98.900 -0.198
201412 0.438 99.000 0.510
201503 -0.026 99.900 -0.030
201506 -0.118 99.500 -0.137
201509 -0.134 100.500 -0.154
201512 0.351 100.600 0.402
201603 -0.281 102.200 -0.317
201606 0.146 101.400 0.166
201609 -0.213 102.400 -0.240
201612 0.519 102.600 0.583
201703 -0.157 103.200 -0.175
201706 -0.074 103.100 -0.083
201709 -0.194 104.100 -0.215
201712 0.300 104.500 0.331
201803 -0.100 105.300 -0.109
201806 -0.555 104.900 -0.610
201809 -0.033 106.600 -0.036
201812 0.317 106.500 0.343
201903 -0.126 107.700 -0.135
201906 -0.132 107.700 -0.141
201909 -0.213 109.800 -0.224
201912 0.387 111.200 0.401
202003 -0.210 112.300 -0.215
202006 0.162 110.400 0.169
202009 -0.289 111.700 -0.298
202012 0.242 111.500 0.250
202103 -0.158 112.662 -0.162
202106 0.048 111.769 0.049
202109 -0.308 112.215 -0.316
202112 0.226 113.108 0.230
202203 -0.226 114.335 -0.228
202206 0.049 114.558 0.049
202209 -0.040 115.339 -0.040
202212 0.061 115.116 0.061
202303 -0.042 115.116 -0.042
202306 -0.111 114.558 -0.112
202309 -0.069 115.339 -0.069
202312 0.004 114.781 0.004
202403 -0.189 115.227 -0.189

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.


Zhejiang Busen Garments Co  (SZSE:002569) 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.


Zhejiang Busen Garments Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Busen Garments Co (SZSE:002569) Business Description

Traded in Other Exchanges
N/A
Address
419, Busen Avenue, Fengqiao Town, Zhejiang, Zhuji, CHN, 311811
Zhejiang Busen Garments Co Ltd is engaged in the business of design, production, and sales of men's clothing. The products of the company include shirts, suits, trousers, jackets, T-shirts, and business wear.
Executives
Wang Gang Executives
Du Xin Director
Lu Li Juan Directors, executives
Bai Liang Director
Pan Yi Supervisors
Huang Le Ying Director
Yuan Jian Jun Executives
Shou He Lei Secretary Dong
Zhao Xia Ying Supervisors
Ye Hong Ying Supervisors
Chen Neng En Director
Wang Ling Director
Chen Jian Guo Director

Zhejiang Busen Garments Co (SZSE:002569) Headlines

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