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AviChina Industry & Technology Co (HKSE:02357) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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What is AviChina Industry & Technology Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


AviChina Industry & Technology Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AviChina Industry & Technology 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.

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AviChina Industry & Technology Co Cyclically Adjusted Price-to-FCF Chart

AviChina Industry & Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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AviChina Industry & Technology Co 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 AviChina Industry & Technology Co's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, AviChina Industry & Technology 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.


AviChina Industry & Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AviChina Industry & Technology Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AviChina Industry & Technology Co's Cyclically Adjusted Price-to-FCF falls into.



AviChina Industry & Technology 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.

AviChina Industry & Technology Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, AviChina Industry & Technology 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)
=-1.209/114.7809*114.7809
=-1.209

Current CPI (Dec23) = 114.7809.

AviChina Industry & Technology Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.510 99.000 -0.591
201512 -0.078 100.600 -0.089
201612 -0.433 102.600 -0.484
201712 -0.073 104.500 -0.080
201812 -0.233 106.500 -0.251
201912 0.438 111.200 0.452
202012 -0.234 111.500 -0.241
202112 -0.097 113.108 -0.098
202212 0.868 115.116 0.865
202312 -1.209 114.781 -1.209

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.


AviChina Industry & Technology Co  (HKSE:02357) 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.


AviChina Industry & Technology Co Cyclically Adjusted Price-to-FCF Related Terms

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AviChina Industry & Technology Co (HKSE:02357) Business Description

Traded in Other Exchanges
Address
No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029
AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales and upgrade of civil aviation products and defense products such as provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. Over half of the company's revenue is generated from supplying components, spare parts, and services. AviChina mainly conducts its business in China.
Executives
Tian Jin Bao Shui Qu Tou Zi You Xian Gong Si 2101 Beneficial owner
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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