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Yang Guang Co (SZSE:000608) Cyclically Adjusted Price-to-FCF : 13.00 (As of Sep. 22, 2024)


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What is Yang Guang Co Cyclically Adjusted Price-to-FCF?

As of today (2024-09-22), Yang Guang Co's current share price is ¥1.56. Yang Guang Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was ¥0.12. Yang Guang Co's Cyclically Adjusted Price-to-FCF for today is 13.00.

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

SZSE:000608' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.47   Med: 29.6   Max: 170.5
Current: 12.97

During the past years, Yang Guang Co's highest Cyclically Adjusted Price-to-FCF was 170.50. The lowest was 9.47. And the median was 29.60.

SZSE:000608's Cyclically Adjusted Price-to-FCF is ranked worse than
51.22% of 697 companies
in the Real Estate industry
Industry Median: 12.12 vs SZSE:000608: 12.97

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.

Yang Guang Co's adjusted free cash flow per share data for the three months ended in Jun. 2024 was ¥0.021. 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 ¥0.12 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yang Guang Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Yang Guang 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.

Yang Guang Co Cyclically Adjusted Price-to-FCF Chart

Yang Guang 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 - - - 142.53 25.80

Yang Guang Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 35.72 29.83 25.80 13.97 11.80

Competitive Comparison of Yang Guang Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Yang Guang 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.


Yang Guang Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Yang Guang 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.

Yang Guang Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.56/0.12
=13.00

* 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.

Yang Guang Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Yang Guang Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.021/114.7809*114.7809
=0.021

Current CPI (Jun. 2024) = 114.7809.

Yang Guang Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.001 98.900 0.001
201412 -0.263 99.000 -0.305
201503 -0.161 99.900 -0.185
201506 -0.061 99.500 -0.070
201509 0.049 100.500 0.056
201512 -0.072 100.600 -0.082
201603 -0.072 102.200 -0.081
201606 0.193 101.400 0.218
201609 -0.009 102.400 -0.010
201612 0.092 102.600 0.103
201703 0.103 103.200 0.115
201706 0.019 103.100 0.021
201709 -0.002 104.100 -0.002
201712 0.036 104.500 0.040
201803 -0.142 105.300 -0.155
201806 -0.136 104.900 -0.149
201809 -0.001 106.600 -0.001
201812 0.374 106.500 0.403
201903 0.014 107.700 0.015
201906 0.166 107.700 0.177
201909 0.061 109.800 0.064
201912 -0.067 111.200 -0.069
202003 0.028 112.300 0.029
202006 0.006 110.400 0.006
202009 0.137 111.700 0.141
202012 0.308 111.500 0.317
202103 -0.029 112.662 -0.030
202106 0.078 111.769 0.080
202109 0.030 112.215 0.031
202112 0.163 113.108 0.165
202203 0.003 114.335 0.003
202206 0.041 114.558 0.041
202209 0.208 115.339 0.207
202212 0.002 115.116 0.002
202303 0.060 115.116 0.060
202306 0.128 114.558 0.128
202309 -0.096 115.339 -0.096
202312 -0.023 114.781 -0.023
202403 0.017 115.227 0.017
202406 0.021 114.781 0.021

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.


Yang Guang Co  (SZSE:000608) 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.


Yang Guang Co Cyclically Adjusted Price-to-FCF Related Terms

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


Yang Guang Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.112 Xizhimen Outer Street, Sunshine Plaza, 11F, Xicheng District, Beijing, CHN, 100044
Yang Guang Co Ltd operates in the real estate sector. The company is engaged in the development of commercial, residential and integrated real estate properties.
Executives
Chen Zhong Mou Executives
Fu Jin Long Executives
Xiong Wei Directors, executives
Li Yun Chang Supervisors
Liu Jian Tu Supervisors
Wu Wei Guang Supervisors
He Xi Directors, executives
Shen Kui Executives
Zhao Bo Secretary Dong
Tang Jun Secretary, Director
Li Guo Ping Executives
Wu Yao Executives
Hou Guo Min Directors, executives

Yang Guang Co Headlines

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