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Grinm Advanced Materials Co (SHSE:600206) Cyclically Adjusted Price-to-FCF : (As of Sep. 21, 2024)


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What is Grinm Advanced Materials Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Grinm Advanced Materials Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Grinm Advanced 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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Grinm Advanced Materials Co Cyclically Adjusted Price-to-FCF Chart

Grinm Advanced Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Grinm Advanced Materials Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Grinm Advanced Materials Co's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Grinm Advanced 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.


Grinm Advanced Materials Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Grinm Advanced Materials Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Grinm Advanced 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.

Grinm Advanced Materials Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Grinm Advanced Materials Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.331/114.7809*114.7809
=-0.331

Current CPI (Jun. 2024) = 114.7809.

Grinm Advanced Materials Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.119 98.900 -0.138
201412 0.094 99.000 0.109
201503 -0.085 99.900 -0.098
201506 -0.154 99.500 -0.178
201509 0.114 100.500 0.130
201512 -0.082 100.600 -0.094
201603 -0.285 102.200 -0.320
201606 -0.005 101.400 -0.006
201609 -0.113 102.400 -0.127
201612 0.123 102.600 0.138
201703 -0.233 103.200 -0.259
201706 -0.136 103.100 -0.151
201709 -0.056 104.100 -0.062
201712 0.264 104.500 0.290
201803 -0.373 105.300 -0.407
201806 -0.020 104.900 -0.022
201809 -0.016 106.600 -0.017
201812 0.233 106.500 0.251
201903 -0.403 107.700 -0.429
201906 -0.055 107.700 -0.059
201909 -0.177 109.800 -0.185
201912 0.511 111.200 0.527
202003 -0.742 112.300 -0.758
202006 0.105 110.400 0.109
202009 -0.543 111.700 -0.558
202012 0.721 111.500 0.742
202103 -0.933 112.662 -0.951
202106 0.471 111.769 0.484
202109 -0.613 112.215 -0.627
202112 1.427 113.108 1.448
202203 -1.028 114.335 -1.032
202206 -0.382 114.558 -0.383
202209 0.414 115.339 0.412
202212 0.813 115.116 0.811
202303 -0.561 115.116 -0.559
202306 0.009 114.558 0.009
202309 -0.218 115.339 -0.217
202312 0.763 114.781 0.763
202403 -1.346 115.227 -1.341
202406 -0.331 114.781 -0.331

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.


Grinm Advanced Materials Co  (SHSE:600206) 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.


Grinm Advanced Materials Co Cyclically Adjusted Price-to-FCF Related Terms

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Grinm Advanced Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No.43, North Third Ring Road, Haidian District, Beijing, CHN, 100088
Grinm Advanced Materials Co Ltd is engaged in the research, development, manufacture, and distribution of semiconductor materials. The semiconductors offered by the company are widely used in integrated circuits, discrete devices, solar cell and other fields. Its products are exported to the United States, Japan, Spain, South Korea, Taiwan, Hong Kong and other places.

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