GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Investment and Finance Group Ltd (HKSE:01226) » Definitions » Cyclically Adjusted Price-to-FCF

China Investment and Finance Group (HKSE:01226) Cyclically Adjusted Price-to-FCF : (As of Jun. 21, 2024)


View and export this data going back to 2002. Start your Free Trial

What is China Investment and Finance Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Investment and Finance Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Investment and Finance 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.

* Premium members only.

China Investment and Finance Group Cyclically Adjusted Price-to-FCF Chart

China Investment and Finance Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

China Investment and Finance Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - - - - -

Competitive Comparison of China Investment and Finance Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, China Investment and Finance 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 Investment and Finance Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Investment and Finance Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

For example, China Investment and Finance 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)
=-0.018/115.4269*115.4269
=-0.018

Current CPI (Mar23) = 115.4269.

China Investment and Finance Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -3.507 95.749 -4.228
201503 -0.738 99.927 -0.852
201603 -6.406 102.785 -7.194
201703 -1.358 103.335 -1.517
201803 0.051 105.973 0.056
201903 -0.100 108.172 -0.107
202003 -0.049 110.920 -0.051
202103 -0.022 111.579 -0.023
202203 -0.026 113.558 -0.026
202303 -0.018 115.427 -0.018

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 Investment and Finance Group  (HKSE:01226) 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 Investment and Finance Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Investment and Finance Group's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Investment and Finance Group (HKSE:01226) Business Description

Traded in Other Exchanges
N/A
Address
70 Queen’s Road Central, Room 1104, Crawford House, Hong Kong, HKG
China Investment and Finance Group Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in securities trading and investment holding. It principally invests in listed and unlisted securities. The company derives revenue from dividends and interest income. Geographically, all the operations of the company are carried out in Hong Kong.

China Investment and Finance Group (HKSE:01226) Headlines

No Headlines