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Fidelity China Special Situations (LSE:FCSS) Cyclically Adjusted Price-to-FCF : 18.50 (As of Jun. 04, 2024)


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What is Fidelity China Special Situations Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Fidelity China Special Situations's current share price is £2.22. Fidelity China Special Situations's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was £0.12. Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF for today is 18.50.

The historical rank and industry rank for Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LSE:FCSS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.22   Med: 28.05   Max: 81.83
Current: 17.94

During the past 13 years, Fidelity China Special Situations's highest Cyclically Adjusted Price-to-FCF was 81.83. The lowest was 15.22. And the median was 28.05.

LSE:FCSS's Cyclically Adjusted Price-to-FCF is ranked better than
52.71% of 499 companies
in the Asset Management industry
Industry Median: 20.16 vs LSE:FCSS: 17.94

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.

Fidelity China Special Situations's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was £0.181. 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 £0.12 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fidelity China Special Situations Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations Cyclically Adjusted Price-to-FCF Chart

Fidelity China Special Situations Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 36.50 53.18 25.55 20.00

Fidelity China Special Situations Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 25.55 - 20.00 -

Competitive Comparison of Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Fidelity China Special Situations'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.


Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF falls into.



Fidelity China Special Situations 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.

Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.22/0.12
=18.50

* 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.

Fidelity China Special Situations's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Fidelity China Special Situations's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.181/126.8000*126.8000
=0.181

Current CPI (Mar23) = 126.8000.

Fidelity China Special Situations Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.143 99.300 0.183
201503 0.010 99.600 0.013
201603 0.088 100.400 0.111
201703 0.052 102.700 0.064
201803 0.104 105.100 0.125
201903 0.071 107.000 0.084
202003 0.086 108.600 0.100
202103 0.250 109.700 0.289
202203 0.080 116.500 0.087
202303 0.181 126.800 0.181

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.


Fidelity China Special Situations  (LSE:FCSS) 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.


Fidelity China Special Situations Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Fidelity China Special Situations's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Fidelity China Special Situations (LSE:FCSS) Business Description

Traded in Other Exchanges
Address
Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP
Fidelity China Special Situations PLC is an investment company. Its investment objective is to achieve long-term capital growth from an actively managed portfolio. The company focuses on investing in securities issued by companies listed in China or Hong Kong and any other Chinese companies listed elsewhere as well as the companies which have interests in China and Hong Kong. Its portfolio consists of various financial instruments such as equities, index-linked, equity-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, equity-related securities, forward transactions, and derivative instruments. The company may use gearing such as Contracts for Difference to meet its determined investment goals.

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