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Liaoning Chengda Co (SHSE:600739) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


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What is Liaoning Chengda Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Liaoning Chengda Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Liaoning Chengda 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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Liaoning Chengda Co Cyclically Adjusted Price-to-FCF Chart

Liaoning Chengda Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Liaoning Chengda 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 Liaoning Chengda Co's Cyclically Adjusted Price-to-FCF

For the Medical Distribution subindustry, Liaoning Chengda 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.


Liaoning Chengda Co's Cyclically Adjusted Price-to-FCF Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Liaoning Chengda Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Liaoning Chengda 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.

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

For example, Liaoning Chengda 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)
=-0.306/114.6694*114.6694
=-0.306

Current CPI (Mar. 2024) = 114.6694.

Liaoning Chengda Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.414 98.200 -0.483
201409 -0.215 98.900 -0.249
201412 0.033 99.000 0.038
201503 -0.319 99.900 -0.366
201506 -0.343 99.500 -0.395
201509 0.309 100.500 0.353
201512 0.244 100.600 0.278
201603 -0.066 102.200 -0.074
201606 0.097 101.400 0.110
201609 0.067 102.400 0.075
201612 0.121 102.600 0.135
201703 -0.306 103.200 -0.340
201706 0.094 103.100 0.105
201709 -0.261 104.100 -0.287
201712 -0.016 104.500 -0.018
201803 -0.198 105.300 -0.216
201806 -0.011 104.900 -0.012
201809 0.090 106.600 0.097
201812 0.105 106.500 0.113
201903 0.074 107.700 0.079
201906 -0.131 107.700 -0.139
201909 0.031 109.800 0.032
201912 0.106 111.200 0.109
202003 -0.126 112.300 -0.129
202006 0.297 110.400 0.308
202009 0.135 111.700 0.139
202012 -0.017 111.500 -0.017
202103 -0.204 112.662 -0.208
202106 -0.021 111.769 -0.022
202109 -0.297 112.215 -0.303
202112 0.325 113.108 0.329
202203 0.021 114.335 0.021
202206 -0.247 114.558 -0.247
202209 0.607 115.339 0.603
202212 0.139 115.116 0.138
202303 -0.367 115.116 -0.366
202306 0.160 114.558 0.160
202309 -0.238 115.339 -0.237
202312 0.067 114.669 0.067
202403 -0.306 114.669 -0.306

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.


Liaoning Chengda Co  (SHSE:600739) 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.


Liaoning Chengda Co Cyclically Adjusted Price-to-FCF Related Terms

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Liaoning Chengda Co (SHSE:600739) Business Description

Traded in Other Exchanges
N/A
Address
No. 71 Renmin Road, Zhongshan District, Dalian, Liaoning, CHN, 116001
Liaoning Chengda Co Ltd is engaged in the business of pharmaceutical and medical, domestic and foreign trade, financial investment, and energy development. The trading division is engaged in the trading of textiles and clothing, steel, wood, and aquatic products. The company is also involved in securities, insurance, and fund business through its financial investment division.

Liaoning Chengda Co (SHSE:600739) Headlines

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