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Zhejiang Huada New Materials Co (SHSE:605158) Cyclically Adjusted Price-to-FCF : 11.53 (As of May. 21, 2024)


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What is Zhejiang Huada New Materials Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Zhejiang Huada New Materials Co's current share price is ¥7.15. Zhejiang Huada New Materials Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was ¥0.62. Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF for today is 11.53.

The historical rank and industry rank for Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:605158' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.23   Med: 11.52   Max: 13.97
Current: 11.51

During the past 11 years, Zhejiang Huada New Materials Co's highest Cyclically Adjusted Price-to-FCF was 13.97. The lowest was 9.23. And the median was 11.52.

SHSE:605158's Cyclically Adjusted Price-to-FCF is ranked better than
58.17% of 263 companies
in the Steel industry
Industry Median: 13.73 vs SHSE:605158: 11.51

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.

Zhejiang Huada New Materials Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was ¥0.747. 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 ¥0.62 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Huada New Materials Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Huada New Materials 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.

Zhejiang Huada New Materials Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Huada New Materials 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 - - - 10.47 12.16

Zhejiang Huada New Materials 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 - - - 12.16 -

Competitive Comparison of Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Zhejiang Huada New Materials 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.


Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF falls into.



Zhejiang Huada New Materials 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.

Zhejiang Huada New Materials Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.15/0.62
=11.53

* 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.

Zhejiang Huada New Materials Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Zhejiang Huada New Materials 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)
=0.747/114.7809*114.7809
=0.747

Current CPI (Dec23) = 114.7809.

Zhejiang Huada New Materials Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.000 99.000 0.000
201512 0.836 100.600 0.954
201612 -0.078 102.600 -0.087
201712 -0.176 104.500 -0.193
201812 0.218 106.500 0.235
201912 0.383 111.200 0.395
202012 0.786 111.500 0.809
202112 0.317 113.108 0.322
202212 2.450 115.116 2.443
202312 0.747 114.781 0.747

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.


Zhejiang Huada New Materials Co  (SHSE:605158) 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.


Zhejiang Huada New Materials Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Huada New Materials Co (SHSE:605158) Business Description

Traded in Other Exchanges
N/A
Address
No. 198, Daqiao South Road, Dayuan Town, Fuyang District, Zhejiang Province, Hangzhou, CHN, 311413
Zhejiang Huada New Materials Co Ltd is engaged in the research and development, production and sales of ultra-fine crystal cold-rolled steel plate, high-strength corrosion-resistant hot-dip zinc steel plate, color steel plate and coated color printing plate.

Zhejiang Huada New Materials Co (SHSE:605158) Headlines

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