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Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Cyclically Adjusted Price-to-FCF : 66.75 (As of Apr. 30, 2024)


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What is Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Yinchuan Xinhua Commercial (Group) Co's current share price is ¥18.69. Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.28. Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF for today is 66.75.

The historical rank and industry rank for Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600785' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.06   Med: 94.64   Max: 303
Current: 65.74

During the past years, Yinchuan Xinhua Commercial (Group) Co's highest Cyclically Adjusted Price-to-FCF was 303.00. The lowest was 23.06. And the median was 94.64.

SHSE:600785's Cyclically Adjusted Price-to-FCF is ranked worse than
89.68% of 436 companies
in the Retail - Cyclical industry
Industry Median: 13.07 vs SHSE:600785: 65.74

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.

Yinchuan Xinhua Commercial (Group) Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.525. 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 ¥0.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Yinchuan Xinhua Commercial (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.

* Premium members only.

Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted Price-to-FCF Chart

Yinchuan Xinhua Commercial (Group) 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 - - - - 69.46

Yinchuan Xinhua Commercial (Group) 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 - 264.17 80.23 69.46 67.83

Competitive Comparison of Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF

For the Department Stores subindustry, Yinchuan Xinhua Commercial (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.


Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF falls into.



Yinchuan Xinhua Commercial (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.

Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.69/0.28
=66.75

* 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.

Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yinchuan Xinhua Commercial (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)
=0.525/114.6694*114.6694
=0.525

Current CPI (Mar. 2024) = 114.6694.

Yinchuan Xinhua Commercial (Group) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.868 98.200 -1.014
201409 0.241 98.900 0.279
201412 -0.010 99.000 -0.012
201503 0.267 99.900 0.306
201506 -0.917 99.500 -1.057
201509 -0.109 100.500 -0.124
201512 0.323 100.600 0.368
201603 -0.085 102.200 -0.095
201606 -0.243 101.400 -0.275
201609 0.450 102.400 0.504
201612 -0.404 102.600 -0.452
201703 0.835 103.200 0.928
201706 -0.623 103.100 -0.693
201709 0.306 104.100 0.337
201712 0.646 104.500 0.709
201803 0.117 105.300 0.127
201806 -1.755 104.900 -1.918
201809 -0.087 106.600 -0.094
201812 -0.123 106.500 -0.132
201903 0.870 107.700 0.926
201906 -1.726 107.700 -1.838
201909 -0.739 109.800 -0.772
201912 -0.239 111.200 -0.246
202003 1.165 112.300 1.190
202006 -1.469 110.400 -1.526
202009 0.520 111.700 0.534
202012 -0.019 111.500 -0.020
202103 1.547 112.662 1.575
202106 -0.373 111.769 -0.383
202109 0.527 112.215 0.539
202112 0.240 113.108 0.243
202203 0.974 114.335 0.977
202206 0.039 114.558 0.039
202209 0.906 115.339 0.901
202212 -0.032 115.116 -0.032
202303 1.152 115.116 1.148
202306 0.047 114.558 0.047
202309 1.127 115.339 1.120
202312 0.193 114.669 0.193
202403 0.525 114.669 0.525

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.


Yinchuan Xinhua Commercial (Group) Co  (SHSE:600785) 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.


Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted Price-to-FCF Related Terms

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Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Business Description

Traded in Other Exchanges
N/A
Address
No. 97 Xinhua East Street, Xingqing District, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750001
Yinchuan Xinhua Commercial (Group) Co Ltd is a China-based company engaged in the operation of department stores, as well as the delivery of goods, household appliances, and wholesale products.

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