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Lao Feng Xiang Co (SHSE:600612) Cyclically Adjusted Price-to-FCF : 25.40 (As of Apr. 30, 2024)


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What is Lao Feng Xiang Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Lao Feng Xiang Co's current share price is ¥77.23. Lao Feng Xiang Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ¥3.04. Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF for today is 25.40.

The historical rank and industry rank for Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600612' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.5   Med: 36.79   Max: 94.68
Current: 25.29

During the past years, Lao Feng Xiang Co's highest Cyclically Adjusted Price-to-FCF was 94.68. The lowest was 12.50. And the median was 36.79.

SHSE:600612's Cyclically Adjusted Price-to-FCF is ranked worse than
72.48% of 436 companies
in the Retail - Cyclical industry
Industry Median: 13.07 vs SHSE:600612: 25.29

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Lao Feng Xiang Co's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ¥-3.902. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ¥3.04 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lao Feng Xiang Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lao Feng Xiang 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.

Lao Feng Xiang Co Cyclically Adjusted Price-to-FCF Chart

Lao Feng Xiang Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.79 55.29 32.60 25.37 23.85

Lao Feng Xiang Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 17.86 23.85 17.35 22.57 21.18

Competitive Comparison of Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF

For the Luxury Goods subindustry, Lao Feng Xiang 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.


Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF falls into.



Lao Feng Xiang 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.

Lao Feng Xiang Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=77.23/3.04
=25.40

* 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.

Lao Feng Xiang Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Lao Feng Xiang Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-3.902/115.3387*115.3387
=-3.902

Current CPI (Sep. 2023) = 115.3387.

Lao Feng Xiang Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 1.791 97.624 2.116
201403 0.342 98.600 0.400
201406 2.524 98.200 2.965
201409 -1.883 98.900 -2.196
201412 3.764 99.000 4.385
201503 -0.664 99.900 -0.767
201506 2.086 99.500 2.418
201509 -2.414 100.500 -2.770
201512 2.701 100.600 3.097
201603 -4.302 102.200 -4.855
201606 2.597 101.400 2.954
201609 -2.151 102.400 -2.423
201612 1.903 102.600 2.139
201703 0.436 103.200 0.487
201706 1.337 103.100 1.496
201709 -1.565 104.100 -1.734
201712 2.102 104.500 2.320
201803 -1.191 105.300 -1.305
201806 3.387 104.900 3.724
201809 -1.912 106.600 -2.069
201812 -1.092 106.500 -1.183
201903 -2.424 107.700 -2.596
201906 6.903 107.700 7.393
201909 -6.670 109.800 -7.006
201912 -0.270 111.200 -0.280
202003 5.583 112.300 5.734
202006 2.767 110.400 2.891
202009 -6.124 111.700 -6.323
202012 2.192 111.500 2.267
202103 5.598 112.662 5.731
202106 -0.416 111.769 -0.429
202109 -5.117 112.215 -5.259
202112 3.634 113.108 3.706
202203 11.797 114.335 11.901
202206 0.364 114.558 0.366
202209 -6.032 115.339 -6.032
202212 -4.429 115.116 -4.438
202303 12.877 115.116 12.902
202306 4.552 114.558 4.583
202309 -3.902 115.339 -3.902

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.


Lao Feng Xiang Co  (SHSE:600612) 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.


Lao Feng Xiang Co Cyclically Adjusted Price-to-FCF Related Terms

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Lao Feng Xiang Co (SHSE:600612) Business Description

Traded in Other Exchanges
Address
No. 270, Luxi Road, 6th Floor, Building 1, Xuhui District, Shanghai, CHN, 200235
Lao Feng Xiang Co Ltd is engaged in the manufacture and sale of gold jewelry. It is also engaged in the manufacture and distribution of gold arts and crafts, and other related products.

Lao Feng Xiang Co (SHSE:600612) Headlines

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