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Eastern Communications Co (SHSE:600776) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


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What is Eastern Communications Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastern Communications Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Eastern Communications 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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Eastern Communications Co Cyclically Adjusted Price-to-FCF Chart

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

For the Communication Equipment subindustry, Eastern Communications 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.


Eastern Communications Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eastern Communications Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Eastern Communications 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.

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

For example, Eastern Communications 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)
=-0.143/115.2271*115.2271
=-0.143

Current CPI (Mar. 2024) = 115.2271.

Eastern Communications Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.148 98.200 -0.174
201409 0.019 98.900 0.022
201412 0.363 99.000 0.422
201503 -0.147 99.900 -0.170
201506 -0.217 99.500 -0.251
201509 -0.041 100.500 -0.047
201512 0.329 100.600 0.377
201603 -0.202 102.200 -0.228
201606 -0.134 101.400 -0.152
201609 -0.037 102.400 -0.042
201612 0.249 102.600 0.280
201703 -0.207 103.200 -0.231
201706 -0.143 103.100 -0.160
201709 -0.038 104.100 -0.042
201712 0.294 104.500 0.324
201803 -0.178 105.300 -0.195
201806 -0.098 104.900 -0.108
201809 0.012 106.600 0.013
201812 0.203 106.500 0.220
201903 -0.089 107.700 -0.095
201906 -0.124 107.700 -0.133
201909 -0.053 109.800 -0.056
201912 0.255 111.200 0.264
202003 -0.186 112.300 -0.191
202006 -0.088 110.400 -0.092
202009 -0.026 111.700 -0.027
202012 0.285 111.500 0.295
202103 -0.092 112.662 -0.094
202106 -0.001 111.769 -0.001
202109 0.048 112.215 0.049
202112 0.118 113.108 0.120
202203 0.007 114.335 0.007
202206 0.031 114.558 0.031
202209 -0.033 115.339 -0.033
202212 0.138 115.116 0.138
202303 -0.157 115.116 -0.157
202306 0.069 114.558 0.069
202309 0.023 115.339 0.023
202312 0.043 114.781 0.043
202403 -0.143 115.227 -0.143

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.


Eastern Communications Co  (SHSE:600776) 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.


Eastern Communications Co Cyclically Adjusted Price-to-FCF Related Terms

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Eastern Communications Co (SHSE:600776) Business Description

Traded in Other Exchanges
Address
No. 66 Dongxin Avenue, New and High-Technology Development Zone, Binjiang District, Zhejiang, Hangzhou, CHN, 310053
Eastern Communications Co Ltd is a China-based communications services company. It provides solutions for industrial applications and listed companies in the fields of communication and financial technology, communications business, an intelligent manufacturing business and intelligent services and software and other fields. The company's product portfolio includes private network communications and information security products and solutions; financial electronic equipment and operations services; communications and information technology integration services and EMS manufacturing operations. The company's products and solutions are used in China and other international countries.

Eastern Communications Co (SHSE:600776) Headlines

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