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Shandong Gold Mining Co (FRA:188H) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Shandong Gold Mining Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Gold Mining Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shandong Gold Mining 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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Shandong Gold Mining Co Cyclically Adjusted Price-to-FCF Chart

Shandong Gold Mining 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 186.31 223.78 303.19 371.70 -

Shandong Gold Mining 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 675.69 - 4,446.76 - -

Competitive Comparison of Shandong Gold Mining Co's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Shandong Gold Mining 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.


Shandong Gold Mining Co's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shandong Gold Mining Co's Cyclically Adjusted Price-to-FCF falls into.



Shandong Gold Mining 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.

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

For example, Shandong Gold Mining 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)
=-0.073/115.2271*115.2271
=-0.073

Current CPI (Mar. 2024) = 115.2271.

Shandong Gold Mining Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.010 98.200 0.012
201409 -0.002 98.900 -0.002
201412 0.018 99.000 0.021
201503 -0.030 99.900 -0.035
201506 0.031 99.500 0.036
201509 -0.012 100.500 -0.014
201512 0.027 100.600 0.031
201603 -0.006 102.200 -0.007
201606 0.008 101.400 0.009
201609 0.012 102.400 0.014
201612 0.016 102.600 0.018
201703 -0.009 103.200 -0.010
201706 0.007 103.100 0.008
201709 -0.041 104.100 -0.045
201712 0.038 104.500 0.042
201803 -0.019 105.300 -0.021
201806 0.018 104.900 0.020
201809 -0.024 106.600 -0.026
201812 0.040 106.500 0.043
201903 -0.007 107.700 -0.007
201906 -0.007 107.700 -0.007
201909 0.043 109.800 0.045
201912 -0.024 111.200 -0.025
202003 -0.012 112.300 -0.012
202006 0.013 110.400 0.014
202009 0.004 111.700 0.004
202012 0.027 111.500 0.028
202103 -0.011 112.662 -0.011
202106 -0.024 111.769 -0.025
202109 -0.015 112.215 -0.015
202112 -0.007 113.108 -0.007
202203 -0.013 114.335 -0.013
202206 0.012 114.558 0.012
202209 -0.009 115.339 -0.009
202212 -0.021 115.116 -0.021
202303 -0.016 115.116 -0.016
202306 -0.043 114.558 -0.043
202309 0.041 115.339 0.041
202312 -0.045 114.781 -0.045
202403 -0.073 115.227 -0.073

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.


Shandong Gold Mining Co  (FRA:188H) 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.


Shandong Gold Mining Co Cyclically Adjusted Price-to-FCF Related Terms

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Shandong Gold Mining Co (FRA:188H) Business Description

Traded in Other Exchanges
Address
No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107
Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

Shandong Gold Mining Co (FRA:188H) Headlines

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