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Cosco Shipping Development Co (SHSE:601866) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cosco Shipping Development 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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Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF Chart

Cosco Shipping Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Cosco Shipping Development 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 Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.


Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Cyclically Adjusted Price-to-FCF falls into.



Cosco Shipping Development 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.

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

For example, Cosco Shipping Development 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)
=-0.036/115.2271*115.2271
=-0.036

Current CPI (Mar. 2024) = 115.2271.

Cosco Shipping Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.145 98.200 -0.170
201409 0.207 98.900 0.241
201412 -0.297 99.000 -0.346
201503 -0.032 99.900 -0.037
201506 -0.376 99.500 -0.435
201509 0.008 100.500 0.009
201512 -0.318 100.600 -0.364
201603 -0.231 102.200 -0.260
201606 0.163 101.400 0.185
201609 -0.177 102.400 -0.199
201612 -0.350 102.600 -0.393
201703 -0.274 103.200 -0.306
201706 -0.204 103.100 -0.228
201709 -0.144 104.100 -0.159
201712 0.312 104.500 0.344
201803 -0.505 105.300 -0.553
201806 -0.370 104.900 -0.406
201809 -0.123 106.600 -0.133
201812 -0.157 106.500 -0.170
201903 -0.329 107.700 -0.352
201906 -0.364 107.700 -0.389
201909 -0.331 109.800 -0.347
201912 -0.287 111.200 -0.297
202003 -0.379 112.300 -0.389
202006 -0.280 110.400 -0.292
202009 -0.392 111.700 -0.404
202012 -0.710 111.500 -0.734
202103 -0.732 112.662 -0.749
202106 -1.034 111.769 -1.066
202109 -0.226 112.215 -0.232
202112 0.321 113.108 0.327
202203 -0.026 114.335 -0.026
202206 -0.055 114.558 -0.055
202209 0.103 115.339 0.103
202212 -0.009 115.116 -0.009
202303 -0.033 115.116 -0.033
202306 0.112 114.558 0.113
202309 0.042 115.339 0.042
202312 -0.153 114.781 -0.154
202403 -0.036 115.227 -0.036

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.


Cosco Shipping Development Co  (SHSE:601866) 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.


Cosco Shipping Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Cosco Shipping Development Co (SHSE:601866) Business Description

Traded in Other Exchanges
Address
Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127
COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.
Executives
Feng Bo Ming Director
Li Zhi Gang senior management
Zhang Song Sheng Director

Cosco Shipping Development Co (SHSE:601866) Headlines

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