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Gree Electric Appliances of Zhuhai (SZSE:000651) Cyclically Adjusted Price-to-FCF : 12.00 (As of Apr. 29, 2024)


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What is Gree Electric Appliances of Zhuhai Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Gree Electric Appliances of Zhuhai's current share price is ¥42.48. Gree Electric Appliances of Zhuhai's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ¥3.54. Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF for today is 12.00.

The historical rank and industry rank for Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SZSE:000651' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.05   Med: 17.2   Max: 28.28
Current: 11.17

During the past years, Gree Electric Appliances of Zhuhai's highest Cyclically Adjusted Price-to-FCF was 28.28. The lowest was 9.05. And the median was 17.20.

SZSE:000651's Cyclically Adjusted Price-to-FCF is ranked better than
69.06% of 181 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 17.77 vs SZSE:000651: 11.17

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.

Gree Electric Appliances of Zhuhai's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ¥1.306. 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 ¥3.54 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gree Electric Appliances of Zhuhai Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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.

Gree Electric Appliances of Zhuhai Cyclically Adjusted Price-to-FCF Chart

Gree Electric Appliances of Zhuhai Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.43 23.70 20.18 12.02 9.94

Gree Electric Appliances of Zhuhai Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 10.29 9.94 11.51 10.58 10.27

Competitive Comparison of Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Gree Electric Appliances of Zhuhai'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.


Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF falls into.



Gree Electric Appliances of Zhuhai 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.

Gree Electric Appliances of Zhuhai's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=42.48/3.54
=12.00

* 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.

Gree Electric Appliances of Zhuhai's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Gree Electric Appliances of Zhuhai's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1.306/115.3387*115.3387
=1.306

Current CPI (Sep. 2023) = 115.3387.

Gree Electric Appliances of Zhuhai Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -1.194 97.624 -1.411
201403 3.439 98.600 4.023
201406 -0.353 98.200 -0.415
201409 0.316 98.900 0.369
201412 -0.549 99.000 -0.640
201503 3.666 99.900 4.233
201506 1.007 99.500 1.167
201509 1.101 100.500 1.264
201512 1.109 100.600 1.271
201603 0.878 102.200 0.991
201606 0.763 101.400 0.868
201609 0.341 102.400 0.384
201612 -0.062 102.600 -0.070
201703 1.363 103.200 1.523
201706 -0.927 103.100 -1.037
201709 0.239 104.100 0.265
201712 1.642 104.500 1.812
201803 2.274 105.300 2.491
201806 -0.989 104.900 -1.087
201809 0.795 106.600 0.860
201812 1.774 106.500 1.921
201903 1.143 107.700 1.224
201906 1.299 107.700 1.391
201909 2.470 109.800 2.595
201912 -1.057 111.200 -1.096
202003 -2.151 112.300 -2.209
202006 1.011 110.400 1.056
202009 1.076 111.700 1.111
202012 2.567 111.500 2.655
202103 -0.940 112.662 -0.962
202106 -0.621 111.769 -0.641
202109 1.977 112.215 2.032
202112 -1.059 113.108 -1.080
202203 0.287 114.335 0.290
202206 1.410 114.558 1.420
202209 1.535 115.339 1.535
202212 0.915 115.116 0.917
202303 2.383 115.116 2.388
202306 2.623 114.558 2.641
202309 1.306 115.339 1.306

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.


Gree Electric Appliances of Zhuhai  (SZSE:000651) 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.


Gree Electric Appliances of Zhuhai Cyclically Adjusted Price-to-FCF Related Terms

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Gree Electric Appliances of Zhuhai (SZSE:000651) Business Description

Traded in Other Exchanges
N/A
Address
Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070
Gree Electric Appliances Inc of Zhuhai is an international air conditioning enterprise. The company is engaged in household electrical appliances business including production and sale of air conditioners and its accessories, and small home appliances. It exports and imports goods and technologies; manufacturing and distribution of pumps, valves, compressors, fan motors, packaging equipment and other general-purpose equipment, electric motors, equipment for power transmission and distribution and control equipment.

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