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China Securities Co (SHSE:601066) Cyclically Adjusted Price-to-FCF : 33.87 (As of Jun. 06, 2025)


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

As of today (2025-06-06), China Securities Co's current share price is ¥23.37. China Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥0.69. China Securities Co's Cyclically Adjusted Price-to-FCF for today is 33.87.

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

SHSE:601066' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33.3   Med: 101.42   Max: 1179.5
Current: 33.49

During the past years, China Securities Co's highest Cyclically Adjusted Price-to-FCF was 1179.50. The lowest was 33.30. And the median was 101.42.

SHSE:601066's Cyclically Adjusted Price-to-FCF is ranked worse than
66.67% of 222 companies
in the Capital Markets industry
Industry Median: 20.805 vs SHSE:601066: 33.49

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 Securities Co's adjusted free cash flow per share data for the three months ended in Mar. 2025 was ¥2.267. 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 ¥0.69 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for China 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.

* Premium members only.

China Securities Co Cyclically Adjusted Price-to-FCF Chart

China Securities Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 58.11 966.19 60.82

China Securities Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 712.71 - 103.54 60.82 35.21

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

For the Capital Markets subindustry, China 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.


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

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

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


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China 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.37/0.69
=33.87

* 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 Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, China Securities Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.267/115.1156*115.1156
=2.267

Current CPI (Mar. 2025) = 115.1156.

China Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.200 0.000
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201512 0.000 100.600 0.000
201606 0.000 101.400 0.000
201609 0.000 102.400 0.000
201612 0.000 102.600 0.000
201703 -1.532 103.200 -1.709
201706 -0.644 103.100 -0.719
201709 -2.136 104.100 -2.362
201712 -1.501 104.500 -1.653
201803 2.072 105.300 2.265
201806 -0.860 104.900 -0.944
201809 0.161 106.600 0.174
201812 -0.476 106.500 -0.515
201903 2.606 107.700 2.785
201906 -0.339 107.700 -0.362
201909 -0.363 109.800 -0.381
201912 2.596 111.200 2.687
202003 -2.288 112.300 -2.345
202006 1.018 110.400 1.061
202009 -1.040 111.700 -1.072
202012 -0.391 111.500 -0.404
202103 3.041 112.662 3.107
202106 -1.479 111.769 -1.523
202109 0.873 112.215 0.896
202112 -1.106 113.108 -1.126
202203 1.668 114.335 1.679
202206 1.873 114.558 1.882
202209 -0.478 115.339 -0.477
202212 1.506 115.116 1.506
202303 -1.094 115.116 -1.094
202306 1.608 114.558 1.616
202309 -1.042 115.339 -1.040
202312 -1.757 114.781 -1.762
202403 0.051 115.227 0.051
202406 -0.304 114.781 -0.305
202409 2.093 115.785 2.081
202412 1.392 114.893 1.395
202503 2.267 115.116 2.267

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 Securities Co  (SHSE:601066) 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 Securities Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Securities Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Securities Co Business Description

Traded in Other Exchanges
N/A
Address
188 Chaonei Avenue, Dongcheng district, Beijing, CHN
China Securities Co Ltd provides a wide range of financial services in China. The company offers a wide range of services that include financial advisory, sponsoring, underwriting of equity and debt securities, brokerage, and investment advisory services to its individual and corporate clients. China Securities also provides services in margin financing, securities lending, trading of equity, equity-linked products, bonds products, and derivatives.

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