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Cosco Shipping Development Co (HKSE:02866) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF?

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Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cosco Shipping Development 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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Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF Chart

Cosco Shipping Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Cosco Shipping Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.


Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF falls into.



Cosco Shipping Development 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.

Cosco Shipping Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cosco Shipping Development Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.039/114.6694*114.6694
=-0.039

Current CPI (Mar. 2024) = 114.6694.

Cosco Shipping Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.180 98.200 -0.210
201409 0.261 98.900 0.303
201412 -0.372 99.000 -0.431
201503 -0.040 99.900 -0.046
201506 -0.470 99.500 -0.542
201509 0.010 100.500 0.011
201512 -0.382 100.600 -0.435
201603 -0.276 102.200 -0.310
201606 0.192 101.400 0.217
201609 -0.206 102.400 -0.231
201612 -0.392 102.600 -0.438
201703 -0.309 103.200 -0.343
201706 -0.234 103.100 -0.260
201709 -0.172 104.100 -0.189
201712 0.370 104.500 0.406
201803 -0.627 105.300 -0.683
201806 -0.449 104.900 -0.491
201809 -0.140 106.600 -0.151
201812 -0.178 106.500 -0.192
201903 -0.385 107.700 -0.410
201906 -0.413 107.700 -0.440
201909 -0.364 109.800 -0.380
201912 -0.319 111.200 -0.329
202003 -0.420 112.300 -0.429
202006 -0.307 110.400 -0.319
202009 -0.447 111.700 -0.459
202012 -0.841 111.500 -0.865
202103 -0.873 112.662 -0.889
202106 -1.249 111.769 -1.281
202109 -0.273 112.215 -0.279
202112 0.393 113.108 0.398
202203 -0.032 114.335 -0.032
202206 -0.065 114.558 -0.065
202209 0.115 115.339 0.114
202212 -0.011 115.116 -0.011
202303 -0.038 115.116 -0.038
202306 0.123 114.558 0.123
202309 0.045 115.339 0.045
202312 -0.168 114.669 -0.168
202403 -0.039 114.669 -0.039

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.


Cosco Shipping Development Co  (HKSE:02866) 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.


Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Cosco Shipping Development Co (HKSE:02866) Business Description

Traded in Other Exchanges
Address
Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127
COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

Cosco Shipping Development Co (HKSE:02866) Headlines

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