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Apple Flavor & Fragrance Group Co (SHSE:603020) Cyclically Adjusted Price-to-FCF : 49.00 (As of Jun. 10, 2024)


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What is Apple Flavor & Fragrance Group Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Apple Flavor & Fragrance Group Co's current share price is ¥6.86. Apple Flavor & Fragrance Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.14. Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF for today is 49.00.

The historical rank and industry rank for Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:603020' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 47.4   Med: 101.61   Max: 161
Current: 47.4

During the past years, Apple Flavor & Fragrance Group Co's highest Cyclically Adjusted Price-to-FCF was 161.00. The lowest was 47.40. And the median was 101.61.

SHSE:603020's Cyclically Adjusted Price-to-FCF is ranked worse than
70.83% of 576 companies
in the Chemicals industry
Industry Median: 24.075 vs SHSE:603020: 47.40

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.

Apple Flavor & Fragrance Group Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.255. 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 ¥0.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Flavor & Fragrance Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apple Flavor & Fragrance Group 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.

Apple Flavor & Fragrance Group Co Cyclically Adjusted Price-to-FCF Chart

Apple Flavor & Fragrance Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 84.27

Apple Flavor & Fragrance Group 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 148.23 107.24 111.14 84.27 51.96

Competitive Comparison of Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Apple Flavor & Fragrance Group 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.


Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF falls into.



Apple Flavor & Fragrance Group 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.

Apple Flavor & Fragrance Group Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.86/0.14
=49.00

* 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.

Apple Flavor & Fragrance Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Apple Flavor & Fragrance Group 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)
=0.255/115.2271*115.2271
=0.255

Current CPI (Mar. 2024) = 115.2271.

Apple Flavor & Fragrance Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.065 98.200 -0.076
201409 0.493 98.900 0.574
201412 0.169 99.000 0.197
201503 -0.098 99.900 -0.113
201506 0.203 99.500 0.235
201509 0.224 100.500 0.257
201512 0.194 100.600 0.222
201603 -0.161 102.200 -0.182
201606 0.180 101.400 0.205
201609 0.172 102.400 0.194
201612 0.190 102.600 0.213
201703 -0.446 103.200 -0.498
201706 -0.121 103.100 -0.135
201709 0.325 104.100 0.360
201712 0.181 104.500 0.200
201803 -0.468 105.300 -0.512
201806 0.085 104.900 0.093
201809 0.006 106.600 0.006
201812 0.016 106.500 0.017
201903 -0.051 107.700 -0.055
201906 0.403 107.700 0.431
201909 0.147 109.800 0.154
201912 -0.164 111.200 -0.170
202003 -0.040 112.300 -0.041
202006 0.147 110.400 0.153
202009 0.001 111.700 0.001
202012 0.145 111.500 0.150
202103 -0.046 112.662 -0.047
202106 -0.383 111.769 -0.395
202109 -0.007 112.215 -0.007
202112 -0.134 113.108 -0.137
202203 0.013 114.335 0.013
202206 -0.064 114.558 -0.064
202209 -0.177 115.339 -0.177
202212 -0.084 115.116 -0.084
202303 -0.186 115.116 -0.186
202306 0.214 114.558 0.215
202309 -0.016 115.339 -0.016
202312 0.195 114.781 0.196
202403 0.255 115.227 0.255

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.


Apple Flavor & Fragrance Group Co  (SHSE:603020) 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.


Apple Flavor & Fragrance Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Apple Flavor & Fragrance Group Co (SHSE:603020) Business Description

Traded in Other Exchanges
N/A
Address
733 Gaoping Road, Jing'an District, Shanghai, CHN, 200436
Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.
Executives
Xu Yao Zhong Director
Wei Zhong Hao Director
Mei Guo You Director
Fei Wen Yao Director
Wang Sheng Wen senior management
Hu Yong Cheng Director
Zhang Li Hua Supervisors
Du Yi Supervisors

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