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Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


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What is Zhongfu Straits (Pingtan) Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhongfu Straits (Pingtan) Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhongfu Straits (Pingtan) Development 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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Zhongfu Straits (Pingtan) Development Co Cyclically Adjusted Price-to-FCF Chart

Zhongfu Straits (Pingtan) Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zhongfu Straits (Pingtan) Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Zhongfu Straits (Pingtan) Development Co's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Zhongfu Straits (Pingtan) Development 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.


Zhongfu Straits (Pingtan) Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhongfu Straits (Pingtan) Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhongfu Straits (Pingtan) Development Co's Cyclically Adjusted Price-to-FCF falls into.



Zhongfu Straits (Pingtan) Development 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.

Zhongfu Straits (Pingtan) Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhongfu Straits (Pingtan) Development 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)
=-0.037/114.6694*114.6694
=-0.037

Current CPI (Mar. 2024) = 114.6694.

Zhongfu Straits (Pingtan) Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.012 98.200 0.014
201409 0.055 98.900 0.064
201412 -0.080 99.000 -0.093
201503 -0.079 99.900 -0.091
201506 0.011 99.500 0.013
201509 0.005 100.500 0.006
201512 -0.118 100.600 -0.135
201603 -0.092 102.200 -0.103
201606 0.037 101.400 0.042
201609 -0.009 102.400 -0.010
201612 -0.051 102.600 -0.057
201703 -0.094 103.200 -0.104
201706 -0.001 103.100 -0.001
201709 -0.014 104.100 -0.015
201712 0.011 104.500 0.012
201803 -0.039 105.300 -0.042
201806 -0.039 104.900 -0.043
201809 -0.275 106.600 -0.296
201812 -0.054 106.500 -0.058
201903 -0.029 107.700 -0.031
201906 0.116 107.700 0.124
201909 0.083 109.800 0.087
201912 0.001 111.200 0.001
202003 -0.104 112.300 -0.106
202006 0.048 110.400 0.050
202009 -0.054 111.700 -0.055
202012 0.041 111.500 0.042
202103 -0.042 112.662 -0.043
202106 0.057 111.769 0.058
202109 -0.024 112.215 -0.025
202112 -0.032 113.108 -0.032
202203 0.007 114.335 0.007
202206 0.052 114.558 0.052
202209 -0.015 115.339 -0.015
202212 0.001 115.116 0.001
202303 0.040 115.116 0.040
202306 0.009 114.558 0.009
202309 0.010 115.339 0.010
202312 -0.028 114.669 -0.028
202403 -0.037 114.669 -0.037

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.


Zhongfu Straits (Pingtan) Development Co  (SZSE:000592) 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.


Zhongfu Straits (Pingtan) Development Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Zhongfu Straits (Pingtan) Development Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Business Description

Traded in Other Exchanges
N/A
Address
No. 159 Wusi Road, 23th Floor, World Golden Dragon Building, Gulou District, Fujian Province, Fuzhou, CHN, 350001
Zhongfu Straits (Pingtan) Development Company Ltd operates in the forest products industry in China. The company is engaged in design and construction of garden landscape engineering, municipal engineering, interior decoration engineering; housing lease; property management, and foreign trade.

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