GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhejiang Zheneng Electric Power Co Ltd (SHSE:600023) » Definitions » Cyclically Adjusted Price-to-FCF

Zhejiang Zheneng Electric Power Co (SHSE:600023) Cyclically Adjusted Price-to-FCF : 22.25 (As of Jun. 06, 2025)


View and export this data going back to 2013. Start your Free Trial

What is Zhejiang Zheneng Electric Power Co Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), Zhejiang Zheneng Electric Power Co's current share price is ¥5.34. Zhejiang Zheneng Electric Power Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥0.24. Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF for today is 22.25.

The historical rank and industry rank for Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600023' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.57   Med: 21.96   Max: 31.79
Current: 22.29

During the past years, Zhejiang Zheneng Electric Power Co's highest Cyclically Adjusted Price-to-FCF was 31.79. The lowest was 10.57. And the median was 21.96.

SHSE:600023's Cyclically Adjusted Price-to-FCF is ranked worse than
65.63% of 128 companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.915 vs SHSE:600023: 22.29

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.

Zhejiang Zheneng Electric Power Co's adjusted free cash flow per share data for the three months ended in Mar. 2025 was ¥0.177. 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 ¥0.24 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Zheneng Electric Power Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Zheneng Electric Power 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.

Zhejiang Zheneng Electric Power Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Zheneng Electric Power Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 13.54 19.19 22.57

Zhejiang Zheneng Electric Power Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 28.46 29.20 28.69 22.57 23.75

Competitive Comparison of Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power 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.


Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF falls into.


;
;

Zhejiang Zheneng Electric Power 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.

Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.34/0.24
=22.25

* 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.

Zhejiang Zheneng Electric Power Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Zhejiang Zheneng Electric Power Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.177/115.1156*115.1156
=0.177

Current CPI (Mar. 2025) = 115.1156.

Zhejiang Zheneng Electric Power Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.156 99.500 0.180
201509 0.099 100.500 0.113
201512 -0.057 100.600 -0.065
201603 0.232 102.200 0.261
201606 0.193 101.400 0.219
201609 0.121 102.400 0.136
201612 -0.165 102.600 -0.185
201703 0.060 103.200 0.067
201706 0.128 103.100 0.143
201709 0.079 104.100 0.087
201712 0.019 104.500 0.021
201803 0.055 105.300 0.060
201806 0.084 104.900 0.092
201809 0.219 106.600 0.236
201812 -0.022 106.500 -0.024
201903 0.084 107.700 0.090
201906 0.190 107.700 0.203
201909 0.192 109.800 0.201
201912 0.053 111.200 0.055
202003 0.085 112.300 0.087
202006 0.037 110.400 0.039
202009 0.190 111.700 0.196
202012 0.203 111.500 0.210
202103 -0.027 112.662 -0.028
202106 0.088 111.769 0.091
202109 0.014 112.215 0.014
202112 -0.312 113.108 -0.318
202203 -0.052 114.335 -0.052
202206 -0.014 114.558 -0.014
202209 0.023 115.339 0.023
202212 -0.382 115.116 -0.382
202303 -0.215 115.116 -0.215
202306 0.053 114.558 0.053
202309 0.182 115.339 0.182
202312 0.146 114.781 0.146
202403 0.016 115.227 0.016
202406 0.091 114.781 0.091
202409 0.208 115.785 0.207
202412 -0.015 114.893 -0.015
202503 0.177 115.116 0.177

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.


Zhejiang Zheneng Electric Power Co  (SHSE:600023) 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.


Zhejiang Zheneng Electric Power Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Zhejiang Zheneng Electric Power Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang Zheneng Electric Power Co Business Description

Traded in Other Exchanges
N/A
Address
No. 36 Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310007
Zhejiang Zheneng Electric Power Co Ltd is engaged in the thermal power generation business in China. It also provides thermal products, as well as invests in nuclear power. The company has expanded its investment scale in the power production field year by year.
Executives
Zhou Jie Supervisors

Zhejiang Zheneng Electric Power Co Headlines

No Headlines