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Dehua Tb New Decoration Material Co (SZSE:002043) Cyclically Adjusted Price-to-FCF : 21.23 (As of May. 18, 2024)


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What is Dehua Tb New Decoration Material Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Dehua Tb New Decoration Material Co's current share price is ¥12.74. Dehua Tb New Decoration Material Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.60. Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF for today is 21.23.

The historical rank and industry rank for Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SZSE:002043' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.95   Med: 37.88   Max: 203
Current: 19.19

During the past years, Dehua Tb New Decoration Material Co's highest Cyclically Adjusted Price-to-FCF was 203.00. The lowest was 11.95. And the median was 37.88.

SZSE:002043's Cyclically Adjusted Price-to-FCF is ranked worse than
54.69% of 128 companies
in the Forest Products industry
Industry Median: 16.98 vs SZSE:002043: 19.19

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.

Dehua Tb New Decoration Material Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-1.372. 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 ¥0.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dehua Tb New Decoration Material Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dehua Tb New Decoration Material 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.

Dehua Tb New Decoration Material Co Cyclically Adjusted Price-to-FCF Chart

Dehua Tb New Decoration Material 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 27.99 24.76 27.27 20.15 12.05

Dehua Tb New Decoration Material 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 22.82 18.61 15.88 12.05 15.92

Competitive Comparison of Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Dehua Tb New Decoration Material 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.


Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF falls into.



Dehua Tb New Decoration Material 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.

Dehua Tb New Decoration Material Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.74/0.6
=21.23

* 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.

Dehua Tb New Decoration Material Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dehua Tb New Decoration Material 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)
=-1.372/115.2271*115.2271
=-1.372

Current CPI (Mar. 2024) = 115.2271.

Dehua Tb New Decoration Material Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.085 98.200 0.100
201409 0.018 98.900 0.021
201412 0.111 99.000 0.129
201503 -0.061 99.900 -0.070
201506 0.142 99.500 0.164
201509 0.048 100.500 0.055
201512 0.044 100.600 0.050
201603 -0.005 102.200 -0.006
201606 0.177 101.400 0.201
201609 0.130 102.400 0.146
201612 0.114 102.600 0.128
201703 -0.022 103.200 -0.025
201706 0.197 103.100 0.220
201709 0.146 104.100 0.162
201712 0.092 104.500 0.101
201803 -0.121 105.300 -0.132
201806 0.259 104.900 0.284
201809 0.045 106.600 0.049
201812 0.078 106.500 0.084
201903 -0.084 107.700 -0.090
201906 0.300 107.700 0.321
201909 0.228 109.800 0.239
201912 0.309 111.200 0.320
202003 -0.694 112.300 -0.712
202006 0.426 110.400 0.445
202009 0.338 111.700 0.349
202012 0.847 111.500 0.875
202103 -0.430 112.662 -0.440
202106 0.628 111.769 0.647
202109 -0.107 112.215 -0.110
202112 0.844 113.108 0.860
202203 -0.572 114.335 -0.576
202206 0.394 114.558 0.396
202209 0.486 115.339 0.486
202212 0.696 115.116 0.697
202303 -0.127 115.116 -0.127
202306 0.617 114.558 0.621
202309 0.453 115.339 0.453
202312 1.136 114.781 1.140
202403 -1.372 115.227 -1.372

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.


Dehua Tb New Decoration Material Co  (SZSE:002043) 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.


Dehua Tb New Decoration Material Co Cyclically Adjusted Price-to-FCF Related Terms

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Dehua Tb New Decoration Material Co (SZSE:002043) Business Description

Traded in Other Exchanges
N/A
Address
Luoshe Town Industrial Zone, Deqing County, Zhejiang Province, Huzhou, CHN, 313200
Dehua Tb New Decoration Material Co Ltd is a China-based decorative plywood manufacturer. Its product portfolio comprises veneers, plywood, flitches, wooden doors, adhesive products, raw wood and single boards, and others. The company sells its products in China and also exports it to the other international countries.

Dehua Tb New Decoration Material Co (SZSE:002043) Headlines

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