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Beijing Gehua CATV Network Co (SHSE:600037) Cyclically Adjusted Price-to-FCF : 30.74 (As of Apr. 30, 2024)


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What is Beijing Gehua CATV Network Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Beijing Gehua CATV Network Co's current share price is ¥7.07. Beijing Gehua CATV Network Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.23. Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF for today is 30.74.

The historical rank and industry rank for Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600037' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.7   Med: 35.65   Max: 153.67
Current: 31.18

During the past years, Beijing Gehua CATV Network Co's highest Cyclically Adjusted Price-to-FCF was 153.67. The lowest was 27.70. And the median was 35.65.

SHSE:600037's Cyclically Adjusted Price-to-FCF is ranked worse than
69.27% of 358 companies
in the Media - Diversified industry
Industry Median: 16.62 vs SHSE:600037: 31.18

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.

Beijing Gehua CATV Network Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.016. 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 ¥0.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Gehua CATV Network Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Beijing Gehua CATV Network 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.

Beijing Gehua CATV Network Co Cyclically Adjusted Price-to-FCF Chart

Beijing Gehua CATV Network Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 151.69 38.03 30.35 33.61

Beijing Gehua CATV Network Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.86 33.35 33.12 33.61 30.39

Competitive Comparison of Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Beijing Gehua CATV Network 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.


Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF falls into.



Beijing Gehua CATV Network 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.

Beijing Gehua CATV Network Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.07/0.23
=30.74

* 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.

Beijing Gehua CATV Network Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Beijing Gehua CATV Network 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)
=-0.016/114.6694*114.6694
=-0.016

Current CPI (Mar. 2024) = 114.6694.

Beijing Gehua CATV Network Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.032 98.200 0.037
201409 0.172 98.900 0.199
201412 0.306 99.000 0.354
201503 0.074 99.900 0.085
201506 0.088 99.500 0.101
201509 0.228 100.500 0.260
201512 0.351 100.600 0.400
201603 0.128 102.200 0.144
201606 0.059 101.400 0.067
201609 0.101 102.400 0.113
201612 0.176 102.600 0.197
201703 0.002 103.200 0.002
201706 0.003 103.100 0.003
201709 0.076 104.100 0.084
201712 0.117 104.500 0.128
201803 -0.034 105.300 -0.037
201806 0.072 104.900 0.079
201809 -0.066 106.600 -0.071
201812 0.087 106.500 0.094
201903 -0.084 107.700 -0.089
201906 -0.028 107.700 -0.030
201909 -0.164 109.800 -0.171
201912 0.054 111.200 0.056
202003 -0.012 112.300 -0.012
202006 -0.049 110.400 -0.051
202009 0.044 111.700 0.045
202012 -0.030 111.500 -0.031
202103 -0.019 112.662 -0.019
202106 0.030 111.769 0.031
202109 0.076 112.215 0.078
202112 0.101 113.108 0.102
202203 0.004 114.335 0.004
202206 -0.009 114.558 -0.009
202209 0.047 115.339 0.047
202212 0.043 115.116 0.043
202303 -0.015 115.116 -0.015
202306 -0.008 114.558 -0.008
202309 0.039 115.339 0.039
202312 0.032 114.669 0.032
202403 -0.016 114.669 -0.016

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.


Beijing Gehua CATV Network Co  (SHSE:600037) 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.


Beijing Gehua CATV Network Co Cyclically Adjusted Price-to-FCF Related Terms

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Beijing Gehua CATV Network Co (SHSE:600037) Business Description

Traded in Other Exchanges
N/A
Address
No.35 Huayuan North Road, Haidian District, Beijing, CHN, 100083
Beijing Gehua CATV Network Co Ltd is engaged in the development and maintenance of radio and television networks. It is involved in the transfer and transmission of radio and television programs, video on demand, network information service business, internet access services based on cable television networks, internet data transmission value-added services, domestic IP telephony services, and cable television advertising design, production, and distribution services. The service scope covers cities, districts, streets, communities and other levels, covering education, finance, medical care, environmental protection, transportation, commerce, safety supervision and other fields.

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