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China Enterprise Co (SHSE:600675) Cyclically Adjusted Price-to-FCF : 2.87 (As of May. 26, 2024)


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What is China Enterprise Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), China Enterprise Co's current share price is ¥3.21. China Enterprise Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.12. China Enterprise Co's Cyclically Adjusted Price-to-FCF for today is 2.87.

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

SHSE:600675' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.17   Med: 5.53   Max: 106.6
Current: 2.87

During the past years, China Enterprise Co's highest Cyclically Adjusted Price-to-FCF was 106.60. The lowest was 2.17. And the median was 5.53.

SHSE:600675's Cyclically Adjusted Price-to-FCF is ranked better than
87.18% of 694 companies
in the Real Estate industry
Industry Median: 12.675 vs SHSE:600675: 2.87

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.

China Enterprise Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.193. 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 ¥1.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Enterprise Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Enterprise 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.

China Enterprise Co Cyclically Adjusted Price-to-FCF Chart

China Enterprise 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 7.85 3.63 2.82 2.91 2.91

China Enterprise 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 2.58 3.09 3.65 2.91 2.62

Competitive Comparison of China Enterprise Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, China Enterprise 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.


China Enterprise Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Enterprise Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China Enterprise 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.

China Enterprise Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.21/1.12
=2.87

* 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.

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

For example, China Enterprise 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)
=-0.193/115.2271*115.2271
=-0.193

Current CPI (Mar. 2024) = 115.2271.

China Enterprise Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.147 98.200 0.172
201409 -0.096 98.900 -0.112
201412 0.314 99.000 0.365
201503 -0.091 99.900 -0.105
201506 0.575 99.500 0.666
201509 0.644 100.500 0.738
201512 1.060 100.600 1.214
201603 0.213 102.200 0.240
201606 0.938 101.400 1.066
201609 1.885 102.400 2.121
201612 0.700 102.600 0.786
201703 0.407 103.200 0.454
201706 0.469 103.100 0.524
201709 0.321 104.100 0.355
201712 0.175 104.500 0.193
201803 -0.121 105.300 -0.132
201806 0.347 104.900 0.381
201809 0.557 106.600 0.602
201812 1.322 106.500 1.430
201903 -0.001 107.700 -0.001
201906 -0.145 107.700 -0.155
201909 -0.134 109.800 -0.141
201912 0.104 111.200 0.108
202003 -0.050 112.300 -0.051
202006 -0.136 110.400 -0.142
202009 0.422 111.700 0.435
202012 0.189 111.500 0.195
202103 -0.007 112.662 -0.007
202106 0.017 111.769 0.018
202109 -0.115 112.215 -0.118
202112 0.512 113.108 0.522
202203 0.120 114.335 0.121
202206 0.009 114.558 0.009
202209 0.335 115.339 0.335
202212 -0.536 115.116 -0.537
202303 0.077 115.116 0.077
202306 -0.564 114.558 -0.567
202309 0.122 115.339 0.122
202312 0.197 114.781 0.198
202403 -0.193 115.227 -0.193

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.


China Enterprise Co  (SHSE:600675) 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.


China Enterprise Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Enterprise Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Enterprise Co (SHSE:600675) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Huashan Road, Shanghai, CHN, 200125
China Enterprise Co Ltd is principally engaged in the development and operation of real estate. The company provides housing renovation, housing loans, real estate brokerage, and other services. China Enterprise also provides repair services.
Executives
Wang Bin Director
Dong Hong senior management
Yin Xue Qing senior management
Zhong Yi Ming senior management
Ni Bo Shi senior management
Tang Zhe Supervisors
Ling Xiao Jie senior management
Lu Yun Feng senior management
Dai Zhi Wei Director
Chen Li Supervisors
Jiang Wei Director
Zhu Sheng Jie Director
Sun Yi senior management
Zhang Di Ming Supervisors
Li Min senior management

China Enterprise Co (SHSE:600675) Headlines

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