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Chaozhou Three-Circle (Group) Co (SZSE:300408) Cyclically Adjusted Price-to-FCF : 103.38 (As of Jun. 06, 2024)


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What is Chaozhou Three-Circle (Group) Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Chaozhou Three-Circle (Group) Co's current share price is ¥29.98. Chaozhou Three-Circle (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.29. Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF for today is 103.38.

The historical rank and industry rank for Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SZSE:300408' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 73.23   Med: 107.38   Max: 127.78
Current: 100.65

During the past years, Chaozhou Three-Circle (Group) Co's highest Cyclically Adjusted Price-to-FCF was 127.78. The lowest was 73.23. And the median was 107.38.

SZSE:300408's Cyclically Adjusted Price-to-FCF is ranked worse than
83.73% of 965 companies
in the Hardware industry
Industry Median: 30.44 vs SZSE:300408: 100.65

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.

Chaozhou Three-Circle (Group) Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.011. 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 ¥0.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chaozhou Three-Circle (Group) Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chaozhou Three-Circle (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.

Chaozhou Three-Circle (Group) Co Cyclically Adjusted Price-to-FCF Chart

Chaozhou Three-Circle (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 - - - 113.78 97.43

Chaozhou Three-Circle (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 110.52 103.19 107.86 97.43 85.42

Competitive Comparison of Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Chaozhou Three-Circle (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.


Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF falls into.



Chaozhou Three-Circle (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.

Chaozhou Three-Circle (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
=29.98/0.29
=103.38

* 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.

Chaozhou Three-Circle (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Chaozhou Three-Circle (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)
=-0.011/115.2271*115.2271
=-0.011

Current CPI (Mar. 2024) = 115.2271.

Chaozhou Three-Circle (Group) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.040 98.200 0.047
201409 0.050 98.900 0.058
201412 0.222 99.000 0.258
201503 0.016 99.900 0.018
201506 0.045 99.500 0.052
201509 0.015 100.500 0.017
201512 0.139 100.600 0.159
201603 0.180 102.200 0.203
201606 -0.106 101.400 -0.120
201609 0.116 102.400 0.131
201612 0.099 102.600 0.111
201703 0.166 103.200 0.185
201706 0.005 103.100 0.006
201709 -0.069 104.100 -0.076
201712 -0.019 104.500 -0.021
201803 0.055 105.300 0.060
201806 0.040 104.900 0.044
201809 0.116 106.600 0.125
201812 0.258 106.500 0.279
201903 0.325 107.700 0.348
201906 0.062 107.700 0.066
201909 0.203 109.800 0.213
201912 0.050 111.200 0.052
202003 0.091 112.300 0.093
202006 0.024 110.400 0.025
202009 -0.099 111.700 -0.102
202012 -0.008 111.500 -0.008
202103 -0.072 112.662 -0.074
202106 -0.035 111.769 -0.036
202109 -0.242 112.215 -0.248
202112 -0.068 113.108 -0.069
202203 -0.001 114.335 -0.001
202206 -0.024 114.558 -0.024
202209 0.275 115.339 0.275
202212 0.252 115.116 0.252
202303 0.090 115.116 0.090
202306 0.195 114.558 0.196
202309 0.082 115.339 0.082
202312 0.234 114.781 0.235
202403 -0.011 115.227 -0.011

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.


Chaozhou Three-Circle (Group) Co  (SZSE:300408) 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.


Chaozhou Three-Circle (Group) Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Chaozhou Three-Circle (Group) Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Chaozhou Three-Circle (Group) Co (SZSE:300408) Business Description

Traded in Other Exchanges
N/A
Address
Sanhuan Industrial District, Fengtang, Chaozhou, Guangdong, CHN, 515646
Chaozhou Three-Circle (Group) Co Ltd is a China-based company engages in the field of electronic components and ceramics. Its products include fiber optic component, ceramic substrates, multilayer ceramic chip capacitor, resistors, ceramic rods, light-emitting diode ceramic package, surface mount device ceramic package, electronic-ceramic parts, mechanical structural ceramic parts, metalized ceramics, electric ceramics, fashion ceramics, ceramic blade, and aluminum nitride ceramic substrates.
Executives
Ge Yun Cheng Supervisors
Qiu Ji Hua Directors, executives
Wu Xiao Chun Securities Affairs Representative
Gu Qun Independent director
Xie Can Sheng Directors, executives
Zhang Wei Fa Executives
Ye Ying Qing Supervisors
Long Yu Kun Executives

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