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China Galaxy Securities Co (STU:CGL) Cyclically Adjusted Price-to-FCF : 4.13 (As of Jun. 07, 2024)


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What is China Galaxy Securities Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), China Galaxy Securities Co's current share price is €0.496. China Galaxy Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.12. China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF for today is 4.13.

The historical rank and industry rank for China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:CGL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.58   Med: 6.13   Max: 19.14
Current: 4

During the past years, China Galaxy Securities Co's highest Cyclically Adjusted Price-to-FCF was 19.14. The lowest was 3.58. And the median was 6.13.

STU:CGL's Cyclically Adjusted Price-to-FCF is ranked better than
89.63% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs STU:CGL: 4.00

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.

China Galaxy Securities Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.773. 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 €0.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Galaxy Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Galaxy Securities 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.

China Galaxy Securities Co Cyclically Adjusted Price-to-FCF Chart

China Galaxy Securities 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 - - 4.91 6.12 19.04

China Galaxy Securities Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 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 5.85 5.62 15.27 19.04 3.63

Competitive Comparison of China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, China Galaxy Securities 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.


China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF falls into.



China Galaxy Securities 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.

China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.496/0.12
=4.13

* 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.

China Galaxy Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Galaxy Securities 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)
=0.773/115.2271*115.2271
=0.773

Current CPI (Mar. 2024) = 115.2271.

China Galaxy Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 95.237 0.000
201306 0.000 95.984 0.000
201312 0.000 97.624 0.000
201406 0.000 98.200 0.000
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 -0.060 102.200 -0.068
201606 0.373 101.400 0.424
201609 -0.404 102.400 -0.455
201612 0.331 102.600 0.372
201703 -0.195 103.200 -0.218
201706 -0.090 103.100 -0.101
201709 -0.241 104.100 -0.267
201712 0.112 104.500 0.123
201803 0.066 105.300 0.072
201806 -0.013 104.900 -0.014
201809 0.062 106.600 0.067
201812 0.008 106.500 0.009
201903 0.295 107.700 0.316
201906 -0.192 107.700 -0.205
201909 0.271 109.800 0.284
201912 -0.061 111.200 -0.063
202003 0.262 112.300 0.269
202006 -0.132 110.400 -0.138
202009 0.247 111.700 0.255
202012 -0.150 111.500 -0.155
202103 0.117 112.662 0.120
202106 0.063 111.769 0.065
202109 0.339 112.215 0.348
202112 -0.402 113.108 -0.410
202206 0.000 114.558 0.000
202209 -0.268 115.339 -0.268
202212 0.067 115.116 0.067
202303 0.060 115.116 0.060
202306 0.080 114.558 0.080
202309 -0.398 115.339 -0.398
202312 -0.033 114.781 -0.033
202403 0.773 115.227 0.773

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.


China Galaxy Securities Co  (STU:CGL) 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.


China Galaxy Securities Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Galaxy Securities Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Galaxy Securities Co (STU:CGL) Business Description

Address
No. 8 Xiying Street, Qinghai Finance Building, Building No. 1, Fengtai District, Beijing, CHN, 100073
China Galaxy Securities Co Ltd is an investment holding company. The company's segments include Securities brokerage; Futures business; Proprietary trading and other securities trading services; Investment banking; Asset management; Private equity and alternative investment; Overseas business and others. It generates maximum revenue from the Futures business segment. The Futures business segment engages in futures dealing and broking, futures information consulting and training.

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