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Beijing Jingneng Power Co (SHSE:600578) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Beijing Jingneng Power Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Jingneng Power Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Beijing Jingneng Power 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 Jingneng Power Co Cyclically Adjusted Price-to-FCF Chart

Beijing Jingneng Power 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 - 54.27 49.97 114.26 -

Beijing Jingneng Power 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 Jingneng Power Co's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, Beijing Jingneng Power 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 Jingneng Power Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Beijing Jingneng Power Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Beijing Jingneng Power Co's Cyclically Adjusted Price-to-FCF falls into.



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

For example, Beijing Jingneng Power 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)
=0.02/114.6694*114.6694
=0.020

Current CPI (Mar. 2024) = 114.6694.

Beijing Jingneng Power Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.120 98.200 0.140
201409 0.289 98.900 0.335
201412 0.147 99.000 0.170
201503 0.187 99.900 0.215
201506 0.182 99.500 0.210
201509 0.122 100.500 0.139
201512 -0.010 100.600 -0.011
201603 -0.002 102.200 -0.002
201606 0.032 101.400 0.036
201609 -0.035 102.400 -0.039
201612 -0.225 102.600 -0.251
201703 -0.153 103.200 -0.170
201706 -0.106 103.100 -0.118
201709 -0.109 104.100 -0.120
201712 -0.189 104.500 -0.207
201803 -0.056 105.300 -0.061
201806 -0.066 104.900 -0.072
201809 -0.177 106.600 -0.190
201812 -0.162 106.500 -0.174
201903 -0.110 107.700 -0.117
201906 -0.134 107.700 -0.143
201909 0.010 109.800 0.010
201912 -0.089 111.200 -0.092
202003 0.058 112.300 0.059
202006 -0.114 110.400 -0.118
202009 0.074 111.700 0.076
202012 -0.034 111.500 -0.035
202103 0.086 112.662 0.088
202106 -0.010 111.769 -0.010
202109 -0.120 112.215 -0.123
202112 -0.536 113.108 -0.543
202203 0.051 114.335 0.051
202206 0.071 114.558 0.071
202209 0.090 115.339 0.089
202212 0.021 115.116 0.021
202303 -0.161 115.116 -0.160
202306 -0.123 114.558 -0.123
202309 0.160 115.339 0.159
202312 -0.092 114.669 -0.092
202403 0.020 114.669 0.020

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 Jingneng Power Co  (SHSE:600578) 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 Jingneng Power Co Cyclically Adjusted Price-to-FCF Related Terms

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Beijing Jingneng Power Co (SHSE:600578) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Chenjialin, Building G, HuaTeng Century Park Headquarters, Chaoyang District, Beijing, CHN, 100025
Beijing Jingneng Power Co Ltd is engaged in the generation and distribution of electric heating products and power equipment. The company business covers thermal power generation, combined heat and power generation (CHP), integrated coal and power operation, and electricity sales.

Beijing Jingneng Power Co (SHSE:600578) Headlines

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