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China Telecom (SHSE:601728) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2025)


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What is China Telecom Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Telecom Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Telecom'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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China Telecom Cyclically Adjusted Price-to-FCF Chart

China Telecom Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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China Telecom Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of China Telecom's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, China Telecom'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 Telecom's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Telecom's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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

For example, China Telecom'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)
=-0.037/115.1156*115.1156
=-0.037

Current CPI (Mar. 2025) = 115.1156.

China Telecom Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.000 99.500 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 0.000 102.200 0.000
201606 0.000 101.400 0.000
201609 0.000 102.400 0.000
201612 0.000 102.600 0.000
201703 0.000 103.200 0.000
201706 0.000 103.100 0.000
201709 0.000 104.100 0.000
201712 0.000 104.500 0.000
201803 0.000 105.300 0.000
201806 0.000 104.900 0.000
201809 0.000 106.600 0.000
201812 0.000 106.500 0.000
201903 0.000 107.700 0.000
201906 0.000 107.700 0.000
201909 0.000 109.800 0.000
201912 0.000 111.200 0.000
202003 0.000 112.300 0.000
202006 0.000 110.400 0.000
202009 0.000 111.700 0.000
202012 0.000 111.500 0.000
202103 0.213 112.662 0.218
202106 -0.200 111.769 -0.206
202109 0.195 112.215 0.200
202112 -0.114 113.108 -0.116
202203 0.140 114.335 0.141
202206 -0.125 114.558 -0.126
202209 -0.369 115.339 -0.368
202212 -0.333 115.116 -0.333
202303 0.162 115.116 0.162
202306 -0.146 114.558 -0.147
202309 -0.369 115.339 -0.368
202312 -0.310 114.781 -0.311
202403 0.064 115.227 0.064
202406 -0.236 114.781 -0.237
202409 0.172 115.785 0.171
202412 0.172 114.893 0.172
202503 -0.037 115.116 -0.037

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 Telecom  (SHSE:601728) 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 Telecom Cyclically Adjusted Price-to-FCF Related Terms

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China Telecom Business Description

Traded in Other Exchanges
Address
31 Jinrong Street, Xicheng District, Beijing, CHN, 100033
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 198 million broadband customers, and 429 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China and it is expanding overseas.

China Telecom Headlines

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