GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » A-Zenith Home Furnishings Co Ltd (SHSE:603389) » Definitions » Cyclically Adjusted Price-to-FCF

A-Zenith Home Furnishings Co (SHSE:603389) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is A-Zenith Home Furnishings Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


A-Zenith Home Furnishings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for A-Zenith Home Furnishings 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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A-Zenith Home Furnishings Co Cyclically Adjusted Price-to-FCF Chart

A-Zenith Home Furnishings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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A-Zenith Home Furnishings 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 A-Zenith Home Furnishings Co's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, A-Zenith Home Furnishings 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.


A-Zenith Home Furnishings Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, A-Zenith Home Furnishings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where A-Zenith Home Furnishings Co's Cyclically Adjusted Price-to-FCF falls into.



A-Zenith Home Furnishings 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.

A-Zenith Home Furnishings Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, A-Zenith Home Furnishings Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.14/114.7809*114.7809
=-0.140

Current CPI (Dec23) = 114.7809.

A-Zenith Home Furnishings Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.112 99.000 0.130
201512 0.181 100.600 0.207
201612 0.505 102.600 0.565
201712 -0.380 104.500 -0.417
201812 -1.004 106.500 -1.082
201912 -0.215 111.200 -0.222
202012 0.104 111.500 0.107
202112 -0.189 113.108 -0.192
202212 -0.192 115.116 -0.191
202312 -0.140 114.781 -0.140

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.


A-Zenith Home Furnishings Co  (SHSE:603389) 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.


A-Zenith Home Furnishings Co Cyclically Adjusted Price-to-FCF Related Terms

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A-Zenith Home Furnishings Co (SHSE:603389) Business Description

Traded in Other Exchanges
N/A
Address
1865 Hutai Road, Jiangsu Province, Shanghai, CHN, 226400
A-Zenith Home Furnishings Co Ltd is engaged in designing, manufacturing and selling of furniture. Its products include bedroom furniture, study furniture, restaurant furniture, and parlor furniture.

A-Zenith Home Furnishings Co (SHSE:603389) Headlines

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