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China Tontine Wines Group (HKSE:00389) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is China Tontine Wines Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Tontine Wines Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Tontine Wines Group'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 Tontine Wines Group Cyclically Adjusted Price-to-FCF Chart

China Tontine Wines Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Tontine Wines Group 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 Tontine Wines Group's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, China Tontine Wines Group'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 Tontine Wines Group's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Tontine Wines Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Tontine Wines Group's Cyclically Adjusted Price-to-FCF falls into.



China Tontine Wines Group 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 Tontine Wines Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Tontine Wines Group'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)
=0.066/114.7809*114.7809
=0.066

Current CPI (Dec23) = 114.7809.

China Tontine Wines Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -2.260 99.000 -2.620
201512 0.171 100.600 0.195
201612 -0.197 102.600 -0.220
201712 -0.128 104.500 -0.141
201812 -0.008 106.500 -0.009
201912 0.049 111.200 0.051
202012 -0.742 111.500 -0.764
202112 0.079 113.108 0.080
202212 -0.116 115.116 -0.116
202312 0.066 114.781 0.066

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 Tontine Wines Group  (HKSE:00389) 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 Tontine Wines Group Cyclically Adjusted Price-to-FCF Related Terms

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China Tontine Wines Group (HKSE:00389) Business Description

Traded in Other Exchanges
Address
No. 2199, Tuanjie Road, Tonghua County, Jilin Province, Tonghua, CHN
China Tontine Wines Group Ltd. is an investment holding company. The company and its subsidiaries are engaged in the production and sales of wine products. Its geographical segments consist of North-East Region, Northern Region, Eastern Region, South-Central Region, and South-West Region. The Group's product offerings include Sweet wines, Dry wines, Brandy, and Others.

China Tontine Wines Group (HKSE:00389) Headlines

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