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China United Network Communications (SHSE:600050) Cyclically Adjusted Price-to-FCF : 6.01 (As of Apr. 30, 2024)


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What is China United Network Communications Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), China United Network Communications's current share price is ¥4.69. China United Network Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.78. China United Network Communications's Cyclically Adjusted Price-to-FCF for today is 6.01.

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

SHSE:600050' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.84   Med: 11.6   Max: 573
Current: 6.06

During the past years, China United Network Communications's highest Cyclically Adjusted Price-to-FCF was 573.00. The lowest was 4.84. And the median was 11.60.

SHSE:600050's Cyclically Adjusted Price-to-FCF is ranked better than
80.73% of 192 companies
in the Telecommunication Services industry
Industry Median: 12.885 vs SHSE:600050: 6.06

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.

China United Network Communications's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.150. 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 ¥0.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China United Network Communications Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China United Network Communications'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.

China United Network Communications Cyclically Adjusted Price-to-FCF Chart

China United Network Communications 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 39.12 12.18 6.86 5.83 5.34

China United Network Communications 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 6.97 6.39 6.38 5.34 5.95

Competitive Comparison of China United Network Communications's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, China United Network Communications'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.


China United Network Communications's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China United Network Communications's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China United Network Communications's Cyclically Adjusted Price-to-FCF falls into.



China United Network Communications 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.

China United Network Communications's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.69/0.78
=6.01

* 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.

China United Network Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China United Network Communications'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)
=-0.15/114.6694*114.6694
=-0.150

Current CPI (Mar. 2024) = 114.6694.

China United Network Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.339 98.200 0.396
201409 0.377 98.900 0.437
201412 -0.019 99.000 -0.022
201503 -0.030 99.900 -0.034
201506 -0.008 99.500 -0.009
201509 0.310 100.500 0.354
201512 -0.451 100.600 -0.514
201603 -0.420 102.200 -0.471
201606 0.196 101.400 0.222
201609 0.114 102.400 0.128
201612 -0.978 102.600 -1.093
201703 0.315 103.200 0.350
201706 0.251 103.100 0.279
201709 0.679 104.100 0.748
201712 -0.031 104.500 -0.034
201803 0.383 105.300 0.417
201806 0.467 104.900 0.510
201809 0.510 106.600 0.549
201812 -0.107 106.500 -0.115
201903 0.193 107.700 0.205
201906 0.383 107.700 0.408
201909 0.405 109.800 0.423
201912 0.178 111.200 0.184
202003 0.318 112.300 0.325
202006 0.383 110.400 0.398
202009 0.557 111.700 0.572
202012 0.309 111.500 0.318
202103 0.068 112.662 0.069
202106 0.607 111.769 0.623
202109 0.346 112.215 0.354
202112 0.282 113.108 0.286
202203 -0.024 114.335 -0.024
202206 0.415 114.558 0.415
202209 0.390 115.339 0.388
202212 0.163 115.116 0.162
202303 0.018 115.116 0.018
202306 0.178 114.558 0.178
202309 0.375 115.339 0.373
202312 0.229 114.669 0.229
202403 -0.150 114.669 -0.150

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.


China United Network Communications  (SHSE:600050) 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.


China United Network Communications Cyclically Adjusted Price-to-FCF Related Terms

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China United Network Communications (SHSE:600050) Business Description

Traded in Other Exchanges
N/A
Address
No. 21, Financial Street, 4th Floor, Xicheng District, Beijing, CHN, 100033
China United Network Communications Ltd is a Chinese telecom operator. It operates fixed and mobile communications service, domestic and international communications facilities, satellite IPLC service, data communications service, network access service, value-added telecom services and system integration service related to information and communications services. The Company provides its products to personal & residential customers, small & medium business, VIP customer and international customer.

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