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Tiangong International Co (HKSE:00826) Cyclically Adjusted Price-to-FCF : 43.25 (As of Jun. 10, 2024)


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What is Tiangong International Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Tiangong International Co's current share price is HK$1.73. Tiangong International Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.04. Tiangong International Co's Cyclically Adjusted Price-to-FCF for today is 43.25.

The historical rank and industry rank for Tiangong International Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00826' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 36   Med: 82.67   Max: 159
Current: 38.84

During the past 13 years, Tiangong International Co's highest Cyclically Adjusted Price-to-FCF was 159.00. The lowest was 36.00. And the median was 82.67.

HKSE:00826's Cyclically Adjusted Price-to-FCF is ranked worse than
80.45% of 266 companies
in the Steel industry
Industry Median: 13.38 vs HKSE:00826: 38.84

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.

Tiangong International Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$-0.096. 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 HK$0.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tiangong International Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tiangong International 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.

Tiangong International Co Cyclically Adjusted Price-to-FCF Chart

Tiangong International 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 711.11 68.58 169.59 110.28 47.15

Tiangong International Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 169.59 - 110.28 - 47.15

Competitive Comparison of Tiangong International Co's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Tiangong International 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.


Tiangong International Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tiangong International Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tiangong International Co's Cyclically Adjusted Price-to-FCF falls into.



Tiangong International 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.

Tiangong International Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.73/0.04
=43.25

* 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.

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

For example, Tiangong International Co'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)
=-0.096/114.7809*114.7809
=-0.096

Current CPI (Dec23) = 114.7809.

Tiangong International Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.082 99.000 -0.095
201512 0.102 100.600 0.116
201612 0.051 102.600 0.057
201712 -0.045 104.500 -0.049
201812 0.223 106.500 0.240
201912 -0.059 111.200 -0.061
202012 0.384 111.500 0.395
202112 0.031 113.108 0.031
202212 -0.094 115.116 -0.094
202312 -0.096 114.781 -0.096

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.


Tiangong International Co  (HKSE:00826) 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.


Tiangong International Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Tiangong International Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Tiangong International Co (HKSE:00826) Business Description

Traded in Other Exchanges
Address
Houxiang Town, Jiangsu Province, Danyang City, CHN, 212312
Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods and others. The reportable segments of the company are, 1) The DS segment manufactures and sells materials that are used in the die set manufacturing industry. 2) The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. 3) The cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. 4) The titanium alloy segment manufactures and sells titanium alloys to the titanium industry. 5) The trading of goods segment sells general carbon steel products that are not within the Group's production scope. 6) Others segment assembles and sells power tools kits.
Executives
Yu Yumei
Zhu Xiaokun
Tiangong Holdings Company Limited
Niu Qiu Ping
Zhu Zefeng
Sky Greenfield Investment Limited

Tiangong International Co (HKSE:00826) Headlines

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