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Fujian Longxi Bearing Group Co (SHSE:600592) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Fujian Longxi Bearing Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujian Longxi Bearing Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fujian Longxi Bearing Group 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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Fujian Longxi Bearing Group Co Cyclically Adjusted Price-to-FCF Chart

Fujian Longxi Bearing Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Fujian Longxi Bearing Group 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 Fujian Longxi Bearing Group Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Fujian Longxi Bearing Group 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.


Fujian Longxi Bearing Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fujian Longxi Bearing Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fujian Longxi Bearing Group Co's Cyclically Adjusted Price-to-FCF falls into.



Fujian Longxi Bearing Group 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.

Fujian Longxi Bearing Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fujian Longxi Bearing Group 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)
=-0.161/114.6694*114.6694
=-0.161

Current CPI (Mar. 2024) = 114.6694.

Fujian Longxi Bearing Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.126 98.200 0.147
201409 0.129 98.900 0.150
201412 -0.007 99.000 -0.008
201503 -0.024 99.900 -0.028
201506 -0.013 99.500 -0.015
201509 0.063 100.500 0.072
201512 -0.121 100.600 -0.138
201603 -0.088 102.200 -0.099
201606 -0.082 101.400 -0.093
201609 -0.027 102.400 -0.030
201612 -0.064 102.600 -0.072
201703 -0.210 103.200 -0.233
201706 -0.110 103.100 -0.122
201709 -0.152 104.100 -0.167
201712 0.079 104.500 0.087
201803 -0.098 105.300 -0.107
201806 -0.002 104.900 -0.002
201809 -0.018 106.600 -0.019
201812 0.125 106.500 0.135
201903 -0.116 107.700 -0.124
201906 0.039 107.700 0.042
201909 0.026 109.800 0.027
201912 0.078 111.200 0.080
202003 -0.063 112.300 -0.064
202006 -0.229 110.400 -0.238
202009 -0.126 111.700 -0.129
202012 0.245 111.500 0.252
202103 -0.185 112.662 -0.188
202106 -0.047 111.769 -0.048
202109 -0.039 112.215 -0.040
202112 0.340 113.108 0.345
202203 -0.405 114.335 -0.406
202206 -0.017 114.558 -0.017
202209 0.048 115.339 0.048
202212 0.529 115.116 0.527
202303 -0.151 115.116 -0.150
202306 -0.006 114.558 -0.006
202309 0.038 115.339 0.038
202312 -0.086 114.669 -0.086
202403 -0.161 114.669 -0.161

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.


Fujian Longxi Bearing Group Co  (SHSE:600592) 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.


Fujian Longxi Bearing Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Fujian Longxi Bearing Group Co (SHSE:600592) Business Description

Traded in Other Exchanges
N/A
Address
Yan'an North Road, Zhangzhou, Fujian, CHN, 363000
Fujian Longxi Bearing Group Co Ltd manufactures spherical plain bearings. It is engaged in the production of spherical plain bearings (SPB), tapered roller bearings, gears, rolling functional components, gearboxes, automobile parts and knitting mechanical equipment.

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