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Beijing Yanjing Brewery Co (SZSE:000729) Cyclically Adjusted Price-to-FCF : 30.12 (As of May. 17, 2024)


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What is Beijing Yanjing Brewery Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Beijing Yanjing Brewery Co's current share price is ¥10.24. Beijing Yanjing Brewery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.34. Beijing Yanjing Brewery Co's Cyclically Adjusted Price-to-FCF for today is 30.12.

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

SZSE:000729' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.45   Med: 38.14   Max: 818
Current: 29.68

During the past years, Beijing Yanjing Brewery Co's highest Cyclically Adjusted Price-to-FCF was 818.00. The lowest was 21.45. And the median was 38.14.

SZSE:000729's Cyclically Adjusted Price-to-FCF is ranked worse than
52.73% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 28.1 vs SZSE:000729: 29.68

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.

Beijing Yanjing Brewery Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.283. 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 ¥0.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Yanjing Brewery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Beijing Yanjing Brewery 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.

Beijing Yanjing Brewery Co Cyclically Adjusted Price-to-FCF Chart

Beijing Yanjing Brewery 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 36.49 36.14 30.36 30.69 28.14

Beijing Yanjing Brewery 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 40.47 36.51 28.30 28.14 26.85

Competitive Comparison of Beijing Yanjing Brewery Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Beijing Yanjing Brewery 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.


Beijing Yanjing Brewery Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Beijing Yanjing Brewery Co's Cyclically Adjusted Price-to-FCF falls into.



Beijing Yanjing Brewery 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.

Beijing Yanjing Brewery Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.24/0.34
=30.12

* 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.

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

For example, Beijing Yanjing Brewery 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)
=0.283/115.2271*115.2271
=0.283

Current CPI (Mar. 2024) = 115.2271.

Beijing Yanjing Brewery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.346 98.200 0.406
201409 0.162 98.900 0.189
201412 -0.338 99.000 -0.393
201503 0.067 99.900 0.077
201506 0.510 99.500 0.591
201509 0.136 100.500 0.156
201512 -0.416 100.600 -0.476
201603 -0.004 102.200 -0.005
201606 0.288 101.400 0.327
201609 0.220 102.400 0.248
201612 -0.399 102.600 -0.448
201703 0.064 103.200 0.071
201706 0.212 103.100 0.237
201709 0.127 104.100 0.141
201712 -0.147 104.500 -0.162
201803 0.011 105.300 0.012
201806 0.300 104.900 0.330
201809 0.189 106.600 0.204
201812 -0.344 106.500 -0.372
201903 0.044 107.700 0.047
201906 0.321 107.700 0.343
201909 0.257 109.800 0.270
201912 -0.283 111.200 -0.293
202003 0.073 112.300 0.075
202006 0.594 110.400 0.620
202009 0.118 111.700 0.122
202012 -0.341 111.500 -0.352
202103 0.271 112.662 0.277
202106 0.289 111.769 0.298
202109 0.353 112.215 0.362
202112 -0.478 113.108 -0.487
202203 0.225 114.335 0.227
202206 0.327 114.558 0.329
202209 0.282 115.339 0.282
202212 -0.403 115.116 -0.403
202303 0.114 115.116 0.114
202306 0.354 114.558 0.356
202309 0.349 115.339 0.349
202312 -0.508 114.781 -0.510
202403 0.283 115.227 0.283

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.


Beijing Yanjing Brewery Co  (SZSE:000729) 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.


Beijing Yanjing Brewery Co Cyclically Adjusted Price-to-FCF Related Terms

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Beijing Yanjing Brewery Co (SZSE:000729) Business Description

Traded in Other Exchanges
N/A
Address
No.2 Shuanghe Road, Shunyi District, Beijing, CHN, 101300
Beijing Yanjing Brewery Co Ltd is a China-based firm engaged in the brewing, sale, and distribution of beer. The company also makes soft drinks such as mineral water. Its product portfolio includes Yanjing puree white beer, Pure health beer series, and fresh beer series.

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