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Southwest Securities Co (SHSE:600369) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Southwest Securities Co Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southwest Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Southwest Securities 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.

Southwest Securities Co Cyclically Adjusted Price-to-FCF Chart

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

For the Capital Markets subindustry, Southwest Securities 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.


Southwest Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Southwest Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Southwest Securities 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.

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

For example, Southwest Securities 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)
=0.425/114.6694*114.6694
=0.425

Current CPI (Mar. 2024) = 114.6694.

Southwest Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.624 98.200 0.729
201409 0.224 98.900 0.260
201412 0.366 99.000 0.424
201503 0.382 99.900 0.438
201506 2.120 99.500 2.443
201509 0.241 100.500 0.275
201512 -2.380 100.600 -2.713
201603 -0.298 102.200 -0.334
201606 -1.816 101.400 -2.054
201609 -0.249 102.400 -0.279
201612 0.401 102.600 0.448
201703 -0.074 103.200 -0.082
201706 -0.089 103.100 -0.099
201709 -0.122 104.100 -0.134
201712 -0.573 104.500 -0.629
201803 0.302 105.300 0.329
201806 0.533 104.900 0.583
201809 -0.492 106.600 -0.529
201812 -0.023 106.500 -0.025
201903 0.863 107.700 0.919
201906 -0.719 107.700 -0.766
201909 -0.174 109.800 -0.182
201912 0.121 111.200 0.125
202003 0.565 112.300 0.577
202006 -0.551 110.400 -0.572
202009 -0.330 111.700 -0.339
202012 -0.246 111.500 -0.253
202103 -0.138 112.662 -0.140
202106 -0.192 111.769 -0.197
202109 0.587 112.215 0.600
202112 -0.209 113.108 -0.212
202203 0.064 114.335 0.064
202206 0.197 114.558 0.197
202209 -0.093 115.339 -0.092
202212 0.334 115.116 0.333
202303 -0.088 115.116 -0.088
202306 0.168 114.558 0.168
202309 -0.717 115.339 -0.713
202312 0.281 114.669 0.281
202403 0.425 114.669 0.425

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.


Southwest Securities Co  (SHSE:600369) 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.


Southwest Securities Co Cyclically Adjusted Price-to-FCF Related Terms

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Southwest Securities Co (SHSE:600369) Business Description

Traded in Other Exchanges
N/A
Address
No.8 Qiaobeiyuan, Southwest Securities Building, Jiangbei District, Chongqing, CHN, 400023
Southwest Securities Co Ltd is a national securities company. Its business includes securities brokerage, securities underwriting and sponsorship, financial consulting, asset management and margin financing. Through asset management, the company provides customers with its special and professional asset management services.

Southwest Securities Co (SHSE:600369) Headlines

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