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Hebei Yichen Industrial Group (HKSE:01596) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is Hebei Yichen Industrial Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hebei Yichen Industrial Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hebei Yichen Industrial 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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Hebei Yichen Industrial Group Cyclically Adjusted Price-to-FCF Chart

Hebei Yichen Industrial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hebei Yichen Industrial Group Semi-Annual Data
Dec13 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 Hebei Yichen Industrial Group's Cyclically Adjusted Price-to-FCF

For the Railroads subindustry, Hebei Yichen Industrial 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.


Hebei Yichen Industrial Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's Cyclically Adjusted Price-to-FCF falls into.



Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hebei Yichen Industrial 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)
=0.121/114.6694*114.6694
=0.121

Current CPI (Dec23) = 114.6694.

Hebei Yichen Industrial Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.134 99.000 0.155
201512 0.023 100.600 0.026
201612 0.008 102.600 0.009
201712 -0.290 104.500 -0.318
201812 0.158 106.500 0.170
201912 0.125 111.200 0.129
202012 0.006 111.500 0.006
202112 -0.034 113.108 -0.034
202212 -0.291 115.116 -0.290
202312 0.121 114.669 0.121

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.


Hebei Yichen Industrial Group  (HKSE:01596) 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.


Hebei Yichen Industrial Group Cyclically Adjusted Price-to-FCF Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Traded in Other Exchanges
Address
No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN
Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

Hebei Yichen Industrial Group (HKSE:01596) Headlines

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