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Beijing Airport High-tech Park Co (SHSE:600463) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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What is Beijing Airport High-tech Park Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Airport High-tech Park Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Beijing Airport High-tech Park 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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Beijing Airport High-tech Park Co Cyclically Adjusted Price-to-FCF Chart

Beijing Airport High-tech Park 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 62.79 48.45 191.96 - -

Beijing Airport High-tech Park Co 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 - - - - -

Competitive Comparison of Beijing Airport High-tech Park Co's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Beijing Airport High-tech Park 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.


Beijing Airport High-tech Park Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Beijing Airport High-tech Park Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Beijing Airport High-tech Park Co's Cyclically Adjusted Price-to-FCF falls into.



Beijing Airport High-tech Park 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.

Beijing Airport High-tech Park Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Beijing Airport High-tech Park 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)
=-0.059/115.2271*115.2271
=-0.059

Current CPI (Mar. 2024) = 115.2271.

Beijing Airport High-tech Park Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.394 98.200 0.462
201409 -0.040 98.900 -0.047
201412 -0.674 99.000 -0.784
201503 -0.329 99.900 -0.379
201506 0.091 99.500 0.105
201509 0.304 100.500 0.349
201512 -0.202 100.600 -0.231
201603 -0.181 102.200 -0.204
201606 0.151 101.400 0.172
201609 0.131 102.400 0.147
201612 0.182 102.600 0.204
201703 0.027 103.200 0.030
201706 0.338 103.100 0.378
201709 1.591 104.100 1.761
201712 0.081 104.500 0.089
201803 -0.446 105.300 -0.488
201806 -0.305 104.900 -0.335
201809 -0.424 106.600 -0.458
201812 -0.009 106.500 -0.010
201903 -0.190 107.700 -0.203
201906 -0.030 107.700 -0.032
201909 0.336 109.800 0.353
201912 0.127 111.200 0.132
202003 -0.429 112.300 -0.440
202006 0.210 110.400 0.219
202009 -0.253 111.700 -0.261
202012 0.577 111.500 0.596
202103 -0.533 112.662 -0.545
202106 0.165 111.769 0.170
202109 -0.381 112.215 -0.391
202112 0.142 113.108 0.145
202203 -0.333 114.335 -0.336
202206 0.016 114.558 0.016
202209 -0.215 115.339 -0.215
202212 -0.028 115.116 -0.028
202303 -0.065 115.116 -0.065
202306 0.022 114.558 0.022
202309 -0.130 115.339 -0.130
202312 -0.150 114.781 -0.151
202403 -0.059 115.227 -0.059

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.


Beijing Airport High-tech Park Co  (SHSE:600463) 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.


Beijing Airport High-tech Park Co Cyclically Adjusted Price-to-FCF Related Terms

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Beijing Airport High-tech Park Co (SHSE:600463) Business Description

Traded in Other Exchanges
N/A
Address
Tianzhu Airport Industrial Zone, Shunyi District, Beijing, CHN, 101318
Beijing Airport High-tech Park Co Ltd is principally engaged in industrial real estate development, building construction, standard plant operation, and property management.
Executives
Zhang Zhao Liang senior management

Beijing Airport High-tech Park Co (SHSE:600463) Headlines

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