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Li Ming Development Construction Co (ROCO:6212) Cyclically Adjusted Price-to-FCF : (As of May. 29, 2024)


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What is Li Ming Development Construction Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Li Ming Development Construction Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Li Ming Development Construction 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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Li Ming Development Construction Co Cyclically Adjusted Price-to-FCF Chart

Li Ming Development Construction Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Li Ming Development Construction 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 Li Ming Development Construction Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Li Ming Development Construction 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.


Li Ming Development Construction Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Li Ming Development Construction Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Li Ming Development Construction 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.

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

For example, Li Ming Development Construction 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)
=-4.652/131.7762*131.7762
=-4.652

Current CPI (Mar. 2024) = 131.7762.

Li Ming Development Construction Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -3.827 100.560 -5.015
201409 -1.624 100.428 -2.131
201412 -4.114 99.070 -5.472
201503 -2.438 99.621 -3.225
201506 5.430 100.684 7.107
201509 -1.516 100.392 -1.990
201512 20.275 99.792 26.773
201603 0.420 100.470 0.551
201606 0.597 101.688 0.774
201609 2.274 101.861 2.942
201612 1.567 101.863 2.027
201703 0.282 102.862 0.361
201706 0.643 103.349 0.820
201709 -1.971 104.136 -2.494
201712 -4.087 104.011 -5.178
201803 24.674 105.290 30.881
201806 0.371 106.317 0.460
201809 -11.692 106.507 -14.466
201812 -4.449 105.998 -5.531
201903 -6.032 107.251 -7.411
201906 -16.831 108.070 -20.523
201909 -2.701 108.329 -3.286
201912 0.068 108.420 0.083
202003 -6.371 108.902 -7.709
202006 -26.221 108.767 -31.768
202009 3.453 109.815 4.144
202012 20.514 109.897 24.598
202103 -5.940 111.754 -7.004
202106 -5.685 114.631 -6.535
202109 9.447 115.734 10.756
202112 -35.765 117.630 -40.066
202203 -2.580 121.301 -2.803
202206 -7.890 125.017 -8.317
202209 -4.725 125.227 -4.972
202212 0.105 125.222 0.110
202303 -6.063 127.348 -6.274
202306 -4.470 128.729 -4.576
202309 4.758 129.860 4.828
202312 44.671 129.419 45.484
202403 -4.652 131.776 -4.652

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.


Li Ming Development Construction Co  (ROCO:6212) 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.


Li Ming Development Construction Co Cyclically Adjusted Price-to-FCF Related Terms

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Li Ming Development Construction Co (ROCO:6212) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, 7th Floor, No. 419, Section 2, Hsinchu, TWN, 30069
Li Ming Development Construction Co Ltd is engaged in the development, leasing, and sale of residential and commercial buildings, as well as the wholesale and retail of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from the sales of lands and apartments.

Li Ming Development Construction Co (ROCO:6212) Headlines

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