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Shanghai Haixin Group Co (SHSE:600851) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


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What is Shanghai Haixin Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Haixin Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shanghai Haixin 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.

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Shanghai Haixin Group Co Cyclically Adjusted Price-to-FCF Chart

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

For the Conglomerates subindustry, Shanghai Haixin 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.


Shanghai Haixin Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Haixin Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shanghai Haixin Group Co's Cyclically Adjusted Price-to-FCF falls into.



Shanghai Haixin 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.

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

For example, Shanghai Haixin 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)
=0.028/114.6694*114.6694
=0.028

Current CPI (Mar. 2024) = 114.6694.

Shanghai Haixin Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.022 98.200 -0.026
201409 -0.006 98.900 -0.007
201412 0.067 99.000 0.078
201503 -0.050 99.900 -0.057
201506 -0.114 99.500 -0.131
201509 0.027 100.500 0.031
201512 0.012 100.600 0.014
201603 -0.044 102.200 -0.049
201606 -0.016 101.400 -0.018
201609 -0.024 102.400 -0.027
201612 0.021 102.600 0.023
201703 -0.051 103.200 -0.057
201706 -0.003 103.100 -0.003
201709 -0.012 104.100 -0.013
201712 0.006 104.500 0.007
201803 -0.034 105.300 -0.037
201806 0.018 104.900 0.020
201809 -0.020 106.600 -0.022
201812 -0.006 106.500 -0.006
201903 -0.052 107.700 -0.055
201906 -0.023 107.700 -0.024
201909 -0.096 109.800 -0.100
201912 -0.048 111.200 -0.049
202003 -0.038 112.300 -0.039
202006 -0.040 110.400 -0.042
202009 0.017 111.700 0.017
202012 0.034 111.500 0.035
202103 0.024 112.662 0.024
202106 0.112 111.769 0.115
202109 -0.010 112.215 -0.010
202112 -0.006 113.108 -0.006
202203 0.013 114.335 0.013
202206 -0.012 114.558 -0.012
202209 0.023 115.339 0.023
202212 0.024 115.116 0.024
202303 -0.014 115.116 -0.014
202306 0.004 114.558 0.004
202309 0.025 115.339 0.025
202312 -0.096 114.669 -0.096
202403 0.028 114.669 0.028

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.


Shanghai Haixin Group Co  (SHSE:600851) 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.


Shanghai Haixin Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Shanghai Haixin Group Co (SHSE:600851) Business Description

Traded in Other Exchanges
Address
688 Changxing Road, Dongjing Songjiang, Shanghai, CHN, 201619
Shanghai Haixin Group Co Ltd is a China-based company engaged in the pharmaceuticals business. The Pharmaceutical segment is mainly engaged in the manufacture and sales of pharmaceutical products. Further, it is also involved in financial investment, industrial plant rental management, and textile products business. Geographically, the activities are carried out through China.

Shanghai Haixin Group Co (SHSE:600851) Headlines

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