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Luzhou Laojiao Co (SZSE:000568) Cyclically Adjusted Price-to-FCF : 70.76 (As of May. 16, 2024)


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What is Luzhou Laojiao Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Luzhou Laojiao Co's current share price is ¥185.38. Luzhou Laojiao Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥2.62. Luzhou Laojiao Co's Cyclically Adjusted Price-to-FCF for today is 70.76.

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

SZSE:000568' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.05   Med: 43.94   Max: 188.02
Current: 71.29

During the past years, Luzhou Laojiao Co's highest Cyclically Adjusted Price-to-FCF was 188.02. The lowest was 14.05. And the median was 43.94.

SZSE:000568's Cyclically Adjusted Price-to-FCF is ranked worse than
85.45% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 26.475 vs SZSE:000568: 71.29

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.

Luzhou Laojiao Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥2.856. 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 ¥2.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Luzhou Laojiao Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Luzhou Laojiao 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.

Luzhou Laojiao Co Cyclically Adjusted Price-to-FCF Chart

Luzhou Laojiao 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 55.08 135.62 144.82 119.64 74.47

Luzhou Laojiao 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 130.86 97.07 91.82 74.47 70.39

Competitive Comparison of Luzhou Laojiao Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, Luzhou Laojiao 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.


Luzhou Laojiao Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Luzhou Laojiao Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Luzhou Laojiao 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.

Luzhou Laojiao Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=185.38/2.62
=70.76

* 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.

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

For example, Luzhou Laojiao 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)
=2.856/115.2271*115.2271
=2.856

Current CPI (Mar. 2024) = 115.2271.

Luzhou Laojiao Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.157 98.200 0.184
201409 0.209 98.900 0.244
201412 -0.178 99.000 -0.207
201503 -0.236 99.900 -0.272
201506 -0.661 99.500 -0.765
201509 0.895 100.500 1.026
201512 0.054 100.600 0.062
201603 0.517 102.200 0.583
201606 0.615 101.400 0.699
201609 0.198 102.400 0.223
201612 0.459 102.600 0.515
201703 -0.098 103.200 -0.109
201706 0.833 103.100 0.931
201709 0.254 104.100 0.281
201712 0.611 104.500 0.674
201803 0.141 105.300 0.154
201806 -0.033 104.900 -0.036
201809 1.107 106.600 1.197
201812 0.734 106.500 0.794
201903 0.007 107.700 0.007
201906 0.224 107.700 0.240
201909 0.267 109.800 0.280
201912 -0.337 111.200 -0.349
202003 -0.515 112.300 -0.528
202006 0.293 110.400 0.306
202009 1.100 111.700 1.135
202012 1.011 111.500 1.045
202103 0.596 112.662 0.610
202106 0.775 111.769 0.799
202109 0.647 112.215 0.664
202112 1.889 113.108 1.924
202203 0.557 114.335 0.561
202206 1.811 114.558 1.822
202209 1.435 115.339 1.434
202212 1.116 115.116 1.117
202303 0.876 115.116 0.877
202306 2.566 114.558 2.581
202309 2.116 115.339 2.114
202312 0.664 114.781 0.667
202403 2.856 115.227 2.856

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.


Luzhou Laojiao Co  (SZSE:000568) 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.


Luzhou Laojiao Co Cyclically Adjusted Price-to-FCF Related Terms

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Luzhou Laojiao Co (SZSE:000568) Business Description

Traded in Other Exchanges
N/A
Address
Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000
Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

Luzhou Laojiao Co (SZSE:000568) Headlines

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