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China Water Affairs Group (HKSE:00855) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is China Water Affairs Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Water Affairs Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Water Affairs 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 Water Affairs Group Cyclically Adjusted Price-to-FCF Chart

China Water Affairs Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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China Water Affairs Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of China Water Affairs Group's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Water subindustry, China Water Affairs 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 Water Affairs Group's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

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

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



China Water Affairs 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 Water Affairs Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, China Water Affairs Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=-0.713/115.4269*115.4269
=-0.713

Current CPI (Mar23) = 115.4269.

China Water Affairs Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.328 95.749 -0.395
201503 -0.386 99.927 -0.446
201603 -0.088 102.785 -0.099
201703 -0.329 103.335 -0.367
201803 -0.917 105.973 -0.999
201903 -0.982 108.172 -1.048
202003 0.189 110.920 0.197
202103 -0.736 111.579 -0.761
202203 -0.238 113.558 -0.242
202303 -0.713 115.427 -0.713

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 Water Affairs Group  (HKSE:00855) 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 Water Affairs Group Cyclically Adjusted Price-to-FCF Related Terms

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China Water Affairs Group (HKSE:00855) Business Description

Traded in Other Exchanges
Address
18 Harbour Road, Central Plaza, Suite 6408, 64th Floor, Wanchai, Hong Kong, HKG
China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Property development and investment, Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a major share of its revenue from the People's Republic of China.
Executives
Orix Corporation 2201 Interest of corporation controlled by you
Duan Chuan Liang 2101 Beneficial owner

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