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Kangxin New Materials Co (SHSE:600076) Cyclically Adjusted Price-to-FCF : (As of May. 03, 2024)


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What is Kangxin New Materials Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kangxin New Materials Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kangxin New Materials 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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Kangxin New Materials Co Cyclically Adjusted Price-to-FCF Chart

Kangxin New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Kangxin New Materials 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 Kangxin New Materials Co's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Kangxin New Materials 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.


Kangxin New Materials Co's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kangxin New Materials Co's Cyclically Adjusted Price-to-FCF falls into.



Kangxin New Materials 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.

Kangxin New Materials Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kangxin New Materials 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)
=0.001/114.6694*114.6694
=0.001

Current CPI (Mar. 2024) = 114.6694.

Kangxin New Materials Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.141 98.200 -0.165
201409 0.012 98.900 0.014
201412 0.145 99.000 0.168
201503 0.002 99.900 0.002
201506 -0.234 99.500 -0.270
201509 0.223 100.500 0.254
201512 -0.217 100.600 -0.247
201603 -0.244 102.200 -0.274
201606 0.027 101.400 0.031
201609 -0.116 102.400 -0.130
201612 0.086 102.600 0.096
201703 -0.125 103.200 -0.139
201706 -0.005 103.100 -0.006
201709 -0.153 104.100 -0.169
201712 0.087 104.500 0.095
201803 0.031 105.300 0.034
201806 -0.136 104.900 -0.149
201809 -0.116 106.600 -0.125
201812 0.155 106.500 0.167
201903 0.000 107.700 0.000
201906 -0.027 107.700 -0.029
201909 -0.041 109.800 -0.043
201912 0.041 111.200 0.042
202003 -0.097 112.300 -0.099
202006 -0.157 110.400 -0.163
202009 -0.132 111.700 -0.136
202012 -0.378 111.500 -0.389
202103 -0.066 112.662 -0.067
202106 -0.016 111.769 -0.016
202109 -0.059 112.215 -0.060
202112 -0.039 113.108 -0.040
202203 -0.096 114.335 -0.096
202206 -0.019 114.558 -0.019
202209 0.031 115.339 0.031
202212 0.067 115.116 0.067
202303 -0.030 115.116 -0.030
202306 -0.009 114.558 -0.009
202309 -0.031 115.339 -0.031
202312 -0.008 114.669 -0.008
202403 0.001 114.669 0.001

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.


Kangxin New Materials Co  (SHSE:600076) 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.


Kangxin New Materials Co Cyclically Adjusted Price-to-FCF Related Terms

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Kangxin New Materials Co (SHSE:600076) Business Description

Traded in Other Exchanges
N/A
Address
Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN
Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

Kangxin New Materials Co (SHSE:600076) Headlines

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