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China Yangtze Power Co (SHSE:600900) Cyclically Adjusted Price-to-FCF : 14.73 (As of May. 18, 2024)


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What is China Yangtze Power Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), China Yangtze Power Co's current share price is ¥25.78. China Yangtze Power Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.75. China Yangtze Power Co's Cyclically Adjusted Price-to-FCF for today is 14.73.

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

SHSE:600900' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.04   Med: 17.31   Max: 54
Current: 14.76

During the past years, China Yangtze Power Co's highest Cyclically Adjusted Price-to-FCF was 54.00. The lowest was 12.04. And the median was 17.31.

SHSE:600900's Cyclically Adjusted Price-to-FCF is ranked worse than
50.41% of 121 companies
in the Utilities - Independent Power Producers industry
Industry Median: 14.66 vs SHSE:600900: 14.76

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 Yangtze Power Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.424. 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 ¥1.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Yangtze Power Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Yangtze Power 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 Yangtze Power Co Cyclically Adjusted Price-to-FCF Chart

China Yangtze Power 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 13.43 12.80 14.15 12.89 13.62

China Yangtze Power 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 12.97 13.30 13.48 13.62 14.27

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

For the Utilities - Independent Power Producers subindustry, China Yangtze Power 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 Yangtze Power Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Yangtze Power Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.78/1.75
=14.73

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

For example, China Yangtze Power 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)
=0.424/115.2271*115.2271
=0.424

Current CPI (Mar. 2024) = 115.2271.

China Yangtze Power Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.203 98.200 0.238
201409 0.469 98.900 0.546
201412 0.428 99.000 0.498
201503 0.127 99.900 0.146
201506 0.419 99.500 0.485
201509 0.809 100.500 0.928
201512 0.378 100.600 0.433
201603 0.243 102.200 0.274
201606 0.330 101.400 0.375
201609 0.598 102.400 0.673
201612 0.499 102.600 0.560
201703 0.228 103.200 0.255
201706 0.339 103.100 0.379
201709 0.604 104.100 0.669
201712 0.517 104.500 0.570
201803 0.253 105.300 0.277
201806 0.265 104.900 0.291
201809 0.659 106.600 0.712
201812 0.488 106.500 0.528
201903 0.196 107.700 0.210
201906 0.373 107.700 0.399
201909 0.543 109.800 0.570
201912 0.422 111.200 0.437
202003 0.215 112.300 0.221
202006 0.260 110.400 0.271
202009 0.679 111.700 0.700
202012 0.529 111.500 0.547
202103 0.124 112.662 0.127
202106 0.252 111.769 0.260
202109 0.490 112.215 0.503
202112 0.552 113.108 0.562
202203 0.044 114.335 0.044
202206 0.409 114.558 0.411
202209 0.636 115.339 0.635
202212 0.166 115.116 0.166
202303 0.242 115.116 0.242
202306 0.531 114.558 0.534
202309 0.356 115.339 0.356
202312 1.006 114.781 1.010
202403 0.424 115.227 0.424

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 Yangtze Power Co  (SHSE:600900) 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 Yangtze Power Co Cyclically Adjusted Price-to-FCF Related Terms

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China Yangtze Power Co (SHSE:600900) Business Description

Traded in Other Exchanges
Address
No. 19, Financial Street, Tower B, Focus Place, Xicheng District, Beijing, CHN, 100033
China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has expanded its business to countries such as Germany, Peru, Brazil, and Malaysia. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.

China Yangtze Power Co (SHSE:600900) Headlines

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