GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Chongqing Brewery Co Ltd (SHSE:600132) » Definitions » Cyclically Adjusted Price-to-FCF

Chongqing Brewery Co (SHSE:600132) Cyclically Adjusted Price-to-FCF : 18.93 (As of Dec. 13, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Chongqing Brewery Co Cyclically Adjusted Price-to-FCF?

As of today (2024-12-13), Chongqing Brewery Co's current share price is ¥67.95. Chongqing Brewery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was ¥3.59. Chongqing Brewery Co's Cyclically Adjusted Price-to-FCF for today is 18.93.

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

SHSE:600132' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.03   Med: 52.63   Max: 112.93
Current: 17.74

During the past years, Chongqing Brewery Co's highest Cyclically Adjusted Price-to-FCF was 112.93. The lowest was 15.03. And the median was 52.63.

SHSE:600132's Cyclically Adjusted Price-to-FCF is ranked better than
64.36% of 101 companies
in the Beverages - Alcoholic industry
Industry Median: 28.05 vs SHSE:600132: 17.74

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.

Chongqing Brewery Co's adjusted free cash flow per share data for the three months ended in Sep. 2024 was ¥1.369. 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 ¥3.59 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chongqing Brewery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chongqing Brewery 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.

Chongqing Brewery Co Cyclically Adjusted Price-to-FCF Chart

Chongqing Brewery 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 56.47 73.75 69.10 45.37 21.19

Chongqing Brewery Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 25.61 21.19 19.48 17.43 19.56

Competitive Comparison of Chongqing Brewery Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Chongqing Brewery 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.


Chongqing Brewery Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chongqing Brewery Co's Cyclically Adjusted Price-to-FCF falls into.



Chongqing Brewery 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.

Chongqing Brewery Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=67.95/3.59
=18.93

* 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.

Chongqing Brewery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Chongqing Brewery Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.369/115.7848*115.7848
=1.369

Current CPI (Sep. 2024) = 115.7848.

Chongqing Brewery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.459 99.000 -0.537
201503 0.223 99.900 0.258
201506 0.479 99.500 0.557
201509 0.545 100.500 0.628
201512 -0.629 100.600 -0.724
201603 0.321 102.200 0.364
201606 0.594 101.400 0.678
201609 0.604 102.400 0.683
201612 -0.681 102.600 -0.769
201703 0.218 103.200 0.245
201706 0.423 103.100 0.475
201709 0.651 104.100 0.724
201712 -0.161 104.500 -0.178
201803 0.107 105.300 0.118
201806 0.574 104.900 0.634
201809 0.829 106.600 0.900
201812 -0.290 106.500 -0.315
201903 0.383 107.700 0.412
201906 0.439 107.700 0.472
201909 0.761 109.800 0.802
201912 1.571 111.200 1.636
202003 0.115 112.300 0.119
202006 5.268 110.400 5.525
202009 2.633 111.700 2.729
202012 -1.617 111.500 -1.679
202103 2.290 112.662 2.353
202106 2.524 111.769 2.615
202109 2.175 112.215 2.244
202112 -1.105 113.108 -1.131
202203 2.019 114.335 2.045
202206 2.977 114.558 3.009
202209 2.637 115.339 2.647
202212 -1.776 115.116 -1.786
202303 1.399 115.116 1.407
202306 3.026 114.558 3.058
202309 2.092 115.339 2.100
202312 -1.999 114.781 -2.016
202403 1.584 115.227 1.592
202406 2.577 114.781 2.600
202409 1.369 115.785 1.369

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.


Chongqing Brewery Co  (SHSE:600132) 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.


Chongqing Brewery Co Cyclically Adjusted Price-to-FCF Related Terms

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


Chongqing Brewery Co Business Description

Traded in Other Exchanges
N/A
Address
No. 62, Jinsui Road, Tianhe District, 13th Floor, Kingold International Financial Center, Guangdong, Guangzhou, CHN, 510627
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China. The company distributes a beer portfolio consisting international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
Executives
Gong Zhi Rong Director

Chongqing Brewery Co Headlines

No Headlines