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Feishang Anthracite Resources (HKSE:01738) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


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What is Feishang Anthracite Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Feishang Anthracite Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Feishang Anthracite Resources'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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Feishang Anthracite Resources Cyclically Adjusted Price-to-FCF Chart

Feishang Anthracite Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Feishang Anthracite Resources 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 Feishang Anthracite Resources's Cyclically Adjusted Price-to-FCF

For the Thermal Coal subindustry, Feishang Anthracite Resources'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.


Feishang Anthracite Resources's Cyclically Adjusted Price-to-FCF Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Feishang Anthracite Resources's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Feishang Anthracite Resources's Cyclically Adjusted Price-to-FCF falls into.



Feishang Anthracite Resources 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.

Feishang Anthracite Resources's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Feishang Anthracite Resources's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.314/114.5475*114.5475
=0.314

Current CPI (Dec22) = 114.5475.

Feishang Anthracite Resources Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.459 95.090 -0.553
201412 -0.430 99.707 -0.494
201512 -0.049 102.015 -0.055
201612 -0.108 103.225 -0.120
201712 -0.197 104.984 -0.215
201812 0.288 107.622 0.307
201912 0.140 110.700 0.145
202012 -0.030 109.711 -0.031
202112 0.098 112.349 0.100
202212 0.314 114.548 0.314

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.


Feishang Anthracite Resources  (HKSE:01738) 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.


Feishang Anthracite Resources Cyclically Adjusted Price-to-FCF Related Terms

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Feishang Anthracite Resources (HKSE:01738) Business Description

Traded in Other Exchanges
Address
200 Connaught Road Central, Room 2205, 22 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG
Feishang Anthracite Resources Ltd is principally engaged in the acquisition, development, and construction of anthracite coal mines and the extraction and sale of anthracite coal in the People's Republic of China. It conducts its principal operation and derives revenues solely from Mainland China.

Feishang Anthracite Resources (HKSE:01738) Headlines

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