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Xiangyang Automobile Bearing Co (SZSE:000678) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2024)


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What is Xiangyang Automobile Bearing Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Xiangyang Automobile Bearing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Xiangyang Automobile Bearing 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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Xiangyang Automobile Bearing Co Cyclically Adjusted Price-to-FCF Chart

Xiangyang Automobile Bearing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Xiangyang Automobile Bearing 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 Xiangyang Automobile Bearing Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Xiangyang Automobile Bearing 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.


Xiangyang Automobile Bearing Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xiangyang Automobile Bearing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Xiangyang Automobile Bearing Co's Cyclically Adjusted Price-to-FCF falls into.



Xiangyang Automobile Bearing 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.

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

For example, Xiangyang Automobile Bearing 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)
=0.069/115.2271*115.2271
=0.069

Current CPI (Mar. 2024) = 115.2271.

Xiangyang Automobile Bearing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.055 98.200 -0.065
201409 -0.132 98.900 -0.154
201412 -0.041 99.000 -0.048
201503 -0.229 99.900 -0.264
201506 -0.090 99.500 -0.104
201509 0.012 100.500 0.014
201512 -0.319 100.600 -0.365
201603 -0.025 102.200 -0.028
201606 -0.056 101.400 -0.064
201609 -0.326 102.400 -0.367
201612 -0.116 102.600 -0.130
201703 -0.205 103.200 -0.229
201706 0.154 103.100 0.172
201709 -0.039 104.100 -0.043
201712 -0.088 104.500 -0.097
201803 -0.021 105.300 -0.023
201806 0.029 104.900 0.032
201809 -0.036 106.600 -0.039
201812 0.158 106.500 0.171
201903 -0.176 107.700 -0.188
201906 0.036 107.700 0.039
201909 -0.084 109.800 -0.088
201912 0.185 111.200 0.192
202003 -0.023 112.300 -0.024
202006 0.102 110.400 0.106
202009 -0.050 111.700 -0.052
202012 -0.160 111.500 -0.165
202103 0.071 112.662 0.073
202106 -0.067 111.769 -0.069
202109 0.020 112.215 0.021
202112 0.066 113.108 0.067
202203 0.101 114.335 0.102
202206 0.087 114.558 0.088
202209 0.045 115.339 0.045
202212 -0.162 115.116 -0.162
202303 0.058 115.116 0.058
202306 -0.119 114.558 -0.120
202309 0.081 115.339 0.081
202312 0.016 114.781 0.016
202403 0.069 115.227 0.069

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.


Xiangyang Automobile Bearing Co  (SZSE:000678) 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.


Xiangyang Automobile Bearing Co Cyclically Adjusted Price-to-FCF Related Terms

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Xiangyang Automobile Bearing Co (SZSE:000678) Business Description

Traded in Other Exchanges
N/A
Address
No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057
Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.
Executives
Tang Yong Executives
Gao Shao Bing Directors, executives
Wang Guan Bing Executives
Yuan Zhan Supervisors
Song Hui Min Director

Xiangyang Automobile Bearing Co (SZSE:000678) Headlines

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