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China Citic Bank (STU:D7C) Cyclically Adjusted Price-to-FCF : 11.60 (As of Jun. 23, 2024)


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What is China Citic Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), China Citic Bank's current share price is €0.58. China Citic Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.05. China Citic Bank's Cyclically Adjusted Price-to-FCF for today is 11.60.

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

STU:D7C' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.13   Med: 5.15   Max: 10.69
Current: 9.8

During the past years, China Citic Bank's highest Cyclically Adjusted Price-to-FCF was 10.69. The lowest was 3.13. And the median was 5.15.

STU:D7C's Cyclically Adjusted Price-to-FCF is ranked worse than
66.91% of 834 companies
in the Banks industry
Industry Median: 7.265 vs STU:D7C: 9.80

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 Citic Bank's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.847. 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 €0.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Citic Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Citic Bank'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 Citic Bank Cyclically Adjusted Price-to-FCF Chart

China Citic Bank 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 4.80 3.54 9.12 5.04 4.06

China Citic Bank 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 4.80 9.19 4.61 4.06 9.18

Competitive Comparison of China Citic Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, China Citic Bank'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 Citic Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Citic Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Citic Bank's Cyclically Adjusted Price-to-FCF falls into.



China Citic Bank 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 Citic Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.58/0.05
=11.60

* 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 Citic Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Citic Bank'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)
=-0.847/115.2271*115.2271
=-0.847

Current CPI (Mar. 2024) = 115.2271.

China Citic Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.257 98.200 0.302
201409 -0.248 98.900 -0.289
201412 0.070 99.000 0.081
201503 -0.101 99.900 -0.116
201506 0.211 99.500 0.244
201509 0.001 100.500 0.001
201512 -0.196 100.600 -0.224
201603 0.143 102.200 0.161
201606 -0.012 101.400 -0.014
201609 -0.216 102.400 -0.243
201612 0.673 102.600 0.756
201703 -0.439 103.200 -0.490
201706 0.192 103.100 0.215
201709 0.183 104.100 0.203
201712 0.141 104.500 0.155
201803 -0.149 105.300 -0.163
201806 0.186 104.900 0.204
201809 0.350 106.600 0.378
201812 -0.201 106.500 -0.217
201903 -0.023 107.700 -0.025
201906 0.040 107.700 0.043
201909 0.064 109.800 0.067
201912 0.181 111.200 0.188
202003 -0.176 112.300 -0.181
202006 0.330 110.400 0.344
202009 -0.036 111.700 -0.037
202012 0.209 111.500 0.216
202103 -0.075 112.662 -0.077
202106 -0.380 111.769 -0.392
202109 0.359 112.215 0.369
202112 -0.130 113.108 -0.132
202203 0.078 114.335 0.079
202206 0.014 114.558 0.014
202209 -0.077 115.339 -0.077
202212 0.419 115.116 0.419
202303 -0.035 115.116 -0.035
202306 -0.244 114.558 -0.245
202309 0.243 115.339 0.243
202312 -0.005 114.781 -0.005
202403 -0.847 115.227 -0.847

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 Citic Bank  (STU:D7C) 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 Citic Bank Cyclically Adjusted Price-to-FCF Related Terms

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China Citic Bank (STU:D7C) Business Description

Traded in Other Exchanges
Address
10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020
As the second-largest joint-stock banks, China Citic Bank is headquartered in Beijing. It offers a full range of commercial banking services, with 1,410 outlets in 146 cities in China and branches in Hong Kong, Macau, New York, Los Angeles, and Singapore. As of 2022, the bank is the 9th-largest nationwide listed commercial bank in China in terms of total assets.

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