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Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) Cyclically Adjusted Price-to-FCF : 30.58 (As of Jun. 05, 2024)


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What is Beijing Chunlizhengda Medical Instruments Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Beijing Chunlizhengda Medical Instruments Co's current share price is HK$9.48. Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.31. Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted Price-to-FCF for today is 30.58.

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

HKSE:01858' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.48   Med: 86.56   Max: 121.67
Current: 30.46

During the past 11 years, Beijing Chunlizhengda Medical Instruments Co's highest Cyclically Adjusted Price-to-FCF was 121.67. The lowest was 28.48. And the median was 86.56.

HKSE:01858's Cyclically Adjusted Price-to-FCF is ranked better than
61.6% of 237 companies
in the Medical Devices & Instruments industry
Industry Median: 43.21 vs HKSE:01858: 30.46

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.

Beijing Chunlizhengda Medical Instruments Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.356. 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$0.31 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Chunlizhengda Medical Instruments Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Beijing Chunlizhengda Medical Instruments 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.

Beijing Chunlizhengda Medical Instruments Co Cyclically Adjusted Price-to-FCF Chart

Beijing Chunlizhengda Medical Instruments 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 - - - 86.85 40.25

Beijing Chunlizhengda Medical Instruments Co Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
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 86.85 - - 40.25 -

Competitive Comparison of Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Beijing Chunlizhengda Medical Instruments 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.


Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted Price-to-FCF falls into.



Beijing Chunlizhengda Medical Instruments 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.

Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.48/0.31
=30.58

* 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.

Beijing Chunlizhengda Medical Instruments Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Beijing Chunlizhengda Medical Instruments 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)
=1.356/114.7809*114.7809
=1.356

Current CPI (Dec23) = 114.7809.

Beijing Chunlizhengda Medical Instruments Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.045 99.000 0.052
201512 -0.094 100.600 -0.107
201612 0.183 102.600 0.205
201712 0.277 104.500 0.304
201812 0.185 106.500 0.199
201912 0.317 111.200 0.327
202012 0.812 111.500 0.836
202112 -0.122 113.108 -0.124
202212 0.047 115.116 0.047
202312 1.356 114.781 1.356

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.


Beijing Chunlizhengda Medical Instruments Co  (HKSE:01858) 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.


Beijing Chunlizhengda Medical Instruments Co Cyclically Adjusted Price-to-FCF Related Terms

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Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) Business Description

Traded in Other Exchanges
Address
No. 10 Xinmi Xi Er Road, Southern District of Tongzhou, Economic Development Zone, Tongzhou District, Beijing, CHN
Beijing Chunlizhengda Medical Instruments Co Ltd is an orthopedic medical device company. It is engaged in the research, development, manufacture, and sale of orthopedic medical devices, including joint prosthesis products and spinal products. The products offered by the company are classified into three categories, namely Standard joint prosthesis products, Custom joint prosthesis products, and Spinal products. It operates in the business segment of manufacture and trading of surgical implants, instruments and related products.
Executives
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Citigroup Inc. 2502 Approved lending agent
Fidelity China Special Situations Plc 2101 Beneficial owner
Taiping Assets Management (hk) Company Limited 2102 Investment manager
Taiping Trustees Limited 2301 Trustee

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