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Shandong Linglong Tyre Co (SHSE:601966) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Shandong Linglong Tyre Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Linglong Tyre Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shandong Linglong Tyre 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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Shandong Linglong Tyre Co Cyclically Adjusted Price-to-FCF Chart

Shandong Linglong Tyre Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Shandong Linglong Tyre 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 Shandong Linglong Tyre Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Shandong Linglong Tyre 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.


Shandong Linglong Tyre Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Linglong Tyre Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shandong Linglong Tyre Co's Cyclically Adjusted Price-to-FCF falls into.



Shandong Linglong Tyre 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.

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

For example, Shandong Linglong Tyre 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)
=-0.07/115.2271*115.2271
=-0.070

Current CPI (Mar. 2024) = 115.2271.

Shandong Linglong Tyre Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 97.624 0.000
201406 0.000 98.200 0.000
201412 0.000 99.000 0.000
201503 0.350 99.900 0.404
201506 0.285 99.500 0.330
201509 1.016 100.500 1.165
201512 -0.623 100.600 -0.714
201603 0.405 102.200 0.457
201606 0.190 101.400 0.216
201609 0.529 102.400 0.595
201612 0.083 102.600 0.093
201703 -0.344 103.200 -0.384
201706 -0.366 103.100 -0.409
201709 0.058 104.100 0.064
201712 0.460 104.500 0.507
201803 -0.108 105.300 -0.118
201806 -0.186 104.900 -0.204
201809 0.825 106.600 0.892
201812 -1.024 106.500 -1.108
201903 0.653 107.700 0.699
201906 -0.227 107.700 -0.243
201909 0.244 109.800 0.256
201912 -0.549 111.200 -0.569
202003 0.420 112.300 0.431
202006 -0.102 110.400 -0.106
202009 0.380 111.700 0.392
202012 0.727 111.500 0.751
202103 -0.982 112.662 -1.004
202106 -0.825 111.769 -0.851
202109 -0.873 112.215 -0.896
202112 -0.527 113.108 -0.537
202203 -0.552 114.335 -0.556
202206 -0.659 114.558 -0.663
202209 -0.288 115.339 -0.288
202212 -0.824 115.116 -0.825
202303 -0.549 115.116 -0.550
202306 -0.523 114.558 -0.526
202309 -0.016 115.339 -0.016
202312 -0.225 114.781 -0.226
202403 -0.070 115.227 -0.070

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.


Shandong Linglong Tyre Co  (SHSE:601966) 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.


Shandong Linglong Tyre Co Cyclically Adjusted Price-to-FCF Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Traded in Other Exchanges
N/A
Address
No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406
Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.
Executives
Yang Ke Feng Director
Lv Xiao Yan senior management
Sun Song Tao senior management
Feng Bao Chun senior management

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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