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Orient Securities Co (SHSE:600958) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Orient Securities Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orient Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Orient Securities 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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Orient Securities Co Cyclically Adjusted Price-to-FCF Chart

Orient Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Orient Securities 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 - - - 102.99 -

Competitive Comparison of Orient Securities Co's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Orient Securities 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.


Orient Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Orient Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Orient Securities 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.

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

For example, Orient Securities 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)
=-2.579/115.2271*115.2271
=-2.579

Current CPI (Mar. 2024) = 115.2271.

Orient Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.220 98.200 0.258
201409 -0.976 98.900 -1.137
201412 2.202 99.000 2.563
201503 -0.749 99.900 -0.864
201506 6.191 99.500 7.170
201509 -7.141 100.500 -8.187
201512 -3.748 100.600 -4.293
201603 -0.847 102.200 -0.955
201606 -2.140 101.400 -2.432
201609 -1.004 102.400 -1.130
201612 2.825 102.600 3.173
201703 -1.955 103.200 -2.183
201706 -0.269 103.100 -0.301
201709 -0.375 104.100 -0.415
201712 0.139 104.500 0.153
201803 -1.067 105.300 -1.168
201806 -0.100 104.900 -0.110
201809 2.529 106.600 2.734
201812 -0.340 106.500 -0.368
201903 0.901 107.700 0.964
201906 0.175 107.700 0.187
201909 0.643 109.800 0.675
201912 -0.286 111.200 -0.296
202003 0.487 112.300 0.500
202006 1.119 110.400 1.168
202009 0.466 111.700 0.481
202012 1.711 111.500 1.768
202103 2.372 112.662 2.426
202106 -1.564 111.769 -1.612
202109 2.687 112.215 2.759
202112 -4.907 113.108 -4.999
202203 -0.003 114.335 -0.003
202206 0.377 114.558 0.379
202209 1.133 115.339 1.132
202212 1.202 115.116 1.203
202303 -1.744 115.116 -1.746
202306 -0.123 114.558 -0.124
202309 0.193 115.339 0.193
202312 3.563 114.781 3.577
202403 -2.579 115.227 -2.579

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.


Orient Securities Co  (SHSE:600958) 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.


Orient Securities Co Cyclically Adjusted Price-to-FCF Related Terms

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Orient Securities Co (SHSE:600958) Business Description

Traded in Other Exchanges
Address
No. 119 South Zhongshan Road, Orient Securities Building, Huangpu District, Shanghai, CHN, 200010
Orient Securities Co Ltd is engaged in sales and trading of securities including investment and trading, fixed income investment and trading, financial derivatives trading business, NEEQ market-making business, alternative investment, and securities research services. It engages in alternative investment business through Orient Securities Innovation Investment. The company's segments include Securities Sales and Trading, Investment Management, Brokerage and Securities Financing, Investment Banking, and Headquarters and Others. The majority of the revenue is earned from the Brokerage and Securities Financing segment.

Orient Securities Co (SHSE:600958) Headlines

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