GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Foshan Haitian Flavouring and Food Co Ltd (SHSE:603288) » Definitions » Cyclically Adjusted Price-to-FCF

Foshan Haitian Flavouring and Food Co (SHSE:603288) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


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What is Foshan Haitian Flavouring and Food Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Foshan Haitian Flavouring and Food Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Foshan Haitian Flavouring and Food 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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Foshan Haitian Flavouring and Food Co Cyclically Adjusted Price-to-FCF Chart

Foshan Haitian Flavouring and Food 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 - - 108.69 92.95 -

Foshan Haitian Flavouring and Food 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 85.77 62.04 49.70 - -

Competitive Comparison of Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Foshan Haitian Flavouring and Food 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.


Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Price-to-FCF falls into.



Foshan Haitian Flavouring and Food 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.

Foshan Haitian Flavouring and Food Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Foshan Haitian Flavouring and Food 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)
=-0.162/114.6694*114.6694
=-0.162

Current CPI (Mar. 2024) = 114.6694.

Foshan Haitian Flavouring and Food Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.053 98.200 0.062
201409 0.043 98.900 0.050
201412 0.343 99.000 0.397
201503 -0.136 99.900 -0.156
201506 0.095 99.500 0.109
201509 0.060 100.500 0.068
201512 0.241 100.600 0.275
201603 -0.008 102.200 -0.009
201606 0.118 101.400 0.133
201609 0.091 102.400 0.102
201612 0.373 102.600 0.417
201703 -0.029 103.200 -0.032
201706 0.190 103.100 0.211
201709 0.172 104.100 0.189
201712 0.461 104.500 0.506
201803 0.071 105.300 0.077
201806 0.180 104.900 0.197
201809 0.226 106.600 0.243
201812 0.550 106.500 0.592
201903 -0.008 107.700 -0.009
201906 0.139 107.700 0.148
201909 0.353 109.800 0.369
201912 0.572 111.200 0.590
202003 0.058 112.300 0.059
202006 0.148 110.400 0.154
202009 0.263 111.700 0.270
202012 0.609 111.500 0.626
202103 -0.063 112.662 -0.064
202106 0.029 111.769 0.030
202109 0.376 112.215 0.384
202112 0.612 113.108 0.620
202203 -0.266 114.335 -0.267
202206 0.378 114.558 0.378
202209 -0.033 115.339 -0.033
202212 0.339 115.116 0.338
202303 0.129 115.116 0.128
202306 0.152 114.558 0.152
202309 0.085 115.339 0.085
202312 0.605 114.669 0.605
202403 -0.162 114.669 -0.162

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.


Foshan Haitian Flavouring and Food Co  (SHSE:603288) 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.


Foshan Haitian Flavouring and Food Co Cyclically Adjusted Price-to-FCF Related Terms

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Foshan Haitian Flavouring and Food Co (SHSE:603288) Business Description

Traded in Other Exchanges
N/A
Address
16 Wensha Road Foshan, Guangdong, CHN, 528000
Foshan Haitian Flavouring and Food Company was founded in 1955 through the consolidation of 25 condiment producers in Foshan. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with a number one market share in soy sauces and oyster sauces in China.

Foshan Haitian Flavouring and Food Co (SHSE:603288) Headlines

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