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China Power International Development (FRA:HPD) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is China Power International Development Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Power International Development Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Power International Development'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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China Power International Development Cyclically Adjusted Price-to-FCF Chart

China Power International Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Power International Development Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of China Power International Development's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, China Power International Development'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.


China Power International Development's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Power International Development's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Power International Development's Cyclically Adjusted Price-to-FCF falls into.



China Power International Development 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.

China Power International Development's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Power International Development's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.162/117.2957*117.2957
=-0.162

Current CPI (Dec23) = 117.2957.

China Power International Development Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.010 99.707 0.012
201512 0.027 102.015 0.031
201612 -0.046 103.225 -0.052
201712 -0.073 104.984 -0.082
201812 -0.088 107.622 -0.096
201912 -0.136 110.700 -0.144
202012 -0.138 109.711 -0.148
202112 -0.227 112.349 -0.237
202212 -0.150 114.548 -0.154
202312 -0.162 117.296 -0.162

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.


China Power International Development  (FRA:HPD) 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.


China Power International Development Cyclically Adjusted Price-to-FCF Related Terms

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China Power International Development (FRA:HPD) Business Description

Traded in Other Exchanges
Address
18 Harbour Road, Central Plaza, Suite 6301, 63th Floor, Wanchai, Hong Kong, HKG
China Power International Development Ltd is an integrated energy group that owns coal-fired power, hydropower, nuclear power, and renewable energy resources in the PRC. The company has expanded its business into the areas of hydropower, wind power, photovoltaic power, natural gas power, energy storage, green power transportation, and integrated energy services through continuous development. The Group recognizes revenue from sales of electricity to regional and provincial power grid companies and the provision of power generation and subcontracting services.

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