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China Vanke Co (SZSE:000002) Cyclically Adjusted Price-to-FCF : (As of May. 02, 2024)


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What is China Vanke Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Vanke Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Vanke 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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China Vanke Co Cyclically Adjusted Price-to-FCF Chart

China Vanke 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 13.57 10.39 7.25 6.89 4.02

China Vanke 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 5.62 5.14 4.78 4.02 -

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

For the Real Estate - Development subindustry, China Vanke 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 Vanke Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Vanke Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

For example, China Vanke 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)
=-0.893/114.6694*114.6694
=-0.893

Current CPI (Mar. 2024) = 114.6694.

China Vanke Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.759 98.200 0.886
201409 1.235 98.900 1.432
201412 2.116 99.000 2.451
201503 -1.394 99.900 -1.600
201506 0.752 99.500 0.867
201509 0.161 100.500 0.184
201512 1.747 100.600 1.991
201603 -0.975 102.200 -1.094
201606 3.205 101.400 3.624
201609 1.527 102.400 1.710
201612 -0.399 102.600 -0.446
201703 -0.897 103.200 -0.997
201706 2.807 103.100 3.122
201709 -0.500 104.100 -0.551
201712 5.805 104.500 6.370
201803 -2.590 105.300 -2.820
201806 1.714 104.900 1.874
201809 -2.195 106.600 -2.361
201812 5.604 106.500 6.034
201903 -2.578 107.700 -2.745
201906 2.976 107.700 3.169
201909 -0.637 109.800 -0.665
201912 3.657 111.200 3.771
202003 -0.328 112.300 -0.335
202006 2.133 110.400 2.215
202009 0.832 111.700 0.854
202012 1.380 111.500 1.419
202103 1.374 112.662 1.398
202106 -0.999 111.769 -1.025
202109 -0.655 112.215 -0.669
202112 -0.191 113.108 -0.194
202203 -1.230 114.335 -1.234
202206 1.491 114.558 1.492
202209 -1.264 115.339 -1.257
202212 0.111 115.116 0.111
202303 0.446 115.116 0.444
202306 -0.521 114.558 -0.522
202309 -0.309 115.339 -0.307
202312 0.025 114.669 0.025
202403 -0.893 114.669 -0.893

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 Vanke Co  (SZSE:000002) 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 Vanke Co Cyclically Adjusted Price-to-FCF Related Terms

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


China Vanke Co (SZSE:000002) Business Description

Industry
Traded in Other Exchanges
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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