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Shenzhen Zhongheng Huafa Co (SZSE:000020) Cyclically Adjusted Price-to-FCF : 50.85 (As of Jun. 08, 2024)


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What is Shenzhen Zhongheng Huafa Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Shenzhen Zhongheng Huafa Co's current share price is ¥10.17. Shenzhen Zhongheng Huafa Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.20. Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Price-to-FCF for today is 50.85.

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

SZSE:000020' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 52.93   Med: 127.59   Max: 3195
Current: 56.81

During the past years, Shenzhen Zhongheng Huafa Co's highest Cyclically Adjusted Price-to-FCF was 3195.00. The lowest was 52.93. And the median was 127.59.

SZSE:000020's Cyclically Adjusted Price-to-FCF is ranked worse than
71.43% of 966 companies
in the Hardware industry
Industry Median: 30.465 vs SZSE:000020: 56.81

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.

Shenzhen Zhongheng Huafa Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.002. 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 ¥0.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenzhen Zhongheng Huafa Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shenzhen Zhongheng Huafa 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.

Shenzhen Zhongheng Huafa Co Cyclically Adjusted Price-to-FCF Chart

Shenzhen Zhongheng Huafa 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 98.76 92.90 102.71 76.48 68.50

Shenzhen Zhongheng Huafa 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 66.88 78.19 89.92 68.50 77.09

Competitive Comparison of Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Shenzhen Zhongheng Huafa 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.


Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Price-to-FCF falls into.



Shenzhen Zhongheng Huafa 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.

Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.17/0.2
=50.85

* 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.

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

For example, Shenzhen Zhongheng Huafa 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)
=0.002/115.2271*115.2271
=0.002

Current CPI (Mar. 2024) = 115.2271.

Shenzhen Zhongheng Huafa Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.562 98.200 -0.659
201409 -0.673 98.900 -0.784
201412 1.752 99.000 2.039
201503 -0.009 99.900 -0.010
201506 0.057 99.500 0.066
201509 0.071 100.500 0.081
201512 0.390 100.600 0.447
201603 -0.176 102.200 -0.198
201606 0.066 101.400 0.075
201609 -0.165 102.400 -0.186
201612 0.180 102.600 0.202
201703 -0.074 103.200 -0.083
201706 -0.065 103.100 -0.073
201709 0.065 104.100 0.072
201712 0.082 104.500 0.090
201803 -0.013 105.300 -0.014
201806 -0.108 104.900 -0.119
201809 -0.107 106.600 -0.116
201812 0.090 106.500 0.097
201903 0.061 107.700 0.065
201906 0.084 107.700 0.090
201909 0.018 109.800 0.019
201912 0.090 111.200 0.093
202003 0.026 112.300 0.027
202006 0.043 110.400 0.045
202009 -0.033 111.700 -0.034
202012 0.156 111.500 0.161
202103 -0.024 112.662 -0.025
202106 -0.063 111.769 -0.065
202109 -0.013 112.215 -0.013
202112 0.031 113.108 0.032
202203 0.199 114.335 0.201
202206 -0.028 114.558 -0.028
202209 0.100 115.339 0.100
202212 0.010 115.116 0.010
202303 0.118 115.116 0.118
202306 0.075 114.558 0.075
202309 -0.233 115.339 -0.233
202312 0.442 114.781 0.444
202403 0.002 115.227 0.002

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.


Shenzhen Zhongheng Huafa Co  (SZSE:000020) 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.


Shenzhen Zhongheng Huafa Co Cyclically Adjusted Price-to-FCF Related Terms

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


Shenzhen Zhongheng Huafa Co (SZSE:000020) Business Description

Traded in Other Exchanges
Address
6th Floor, East Block, 411 Building, Huafa (N) Road, Futian District, Guangdong Province, Shenzhen, CHN, 518031
Shenzhen Zhongheng Huafa Co Ltd operates in two business industrial and property management. The industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, and property management business is mainly the lease of its own property. The company engages in producing and sales of vary color TV set, liquid crystal display, LCD, radio-recorder, sound equipment, electronic watch, electronic game and computers, the printed wiring board, precision injection parts, light packaging material and hardware (including tool and mould) for various electronic products and supporting parts, plating and surface treatment and tin wire, development and operation of real estate and property management.
Executives
Huang Yan Bo Supervisors
Tang Gan Yu Executives

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