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Castech (SZSE:002222) Cyclically Adjusted Price-to-FCF : 147.00 (As of Jun. 05, 2024)


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What is Castech Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Castech's current share price is ¥24.99. Castech's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.17. Castech's Cyclically Adjusted Price-to-FCF for today is 147.00.

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

SZSE:002222' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 79.71   Med: 159.29   Max: 1018
Current: 151.36

During the past years, Castech's highest Cyclically Adjusted Price-to-FCF was 1018.00. The lowest was 79.71. And the median was 159.29.

SZSE:002222's Cyclically Adjusted Price-to-FCF is ranked worse than
89.33% of 965 companies
in the Hardware industry
Industry Median: 30.44 vs SZSE:002222: 151.36

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.

Castech's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.096. 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 ¥0.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Castech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Castech'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.

Castech Cyclically Adjusted Price-to-FCF Chart

Castech 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 150.79 131.91 134.06 86.09 168.79

Castech 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 126.99 149.18 157.90 168.79 165.30

Competitive Comparison of Castech's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Castech'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.


Castech's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Castech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Castech 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.

Castech's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.99/0.17
=147.00

* 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.

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

For example, Castech'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)
=-0.096/115.2271*115.2271
=-0.096

Current CPI (Mar. 2024) = 115.2271.

Castech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.043 98.200 0.050
201409 0.031 98.900 0.036
201412 0.022 99.000 0.026
201503 0.011 99.900 0.013
201506 0.024 99.500 0.028
201509 0.027 100.500 0.031
201512 0.029 100.600 0.033
201603 0.013 102.200 0.015
201606 0.040 101.400 0.045
201609 0.058 102.400 0.065
201612 0.048 102.600 0.054
201703 0.013 103.200 0.015
201706 0.034 103.100 0.038
201709 -0.004 104.100 -0.004
201712 0.079 104.500 0.087
201803 -0.027 105.300 -0.030
201806 0.009 104.900 0.010
201809 0.076 106.600 0.082
201812 0.072 106.500 0.078
201903 -0.005 107.700 -0.005
201906 0.072 107.700 0.077
201909 0.077 109.800 0.081
201912 0.016 111.200 0.017
202003 -0.029 112.300 -0.030
202006 0.087 110.400 0.091
202009 0.119 111.700 0.123
202012 0.101 111.500 0.104
202103 0.021 112.662 0.021
202106 0.101 111.769 0.104
202109 0.007 112.215 0.007
202112 0.055 113.108 0.056
202203 0.058 114.335 0.058
202206 0.055 114.558 0.055
202209 0.151 115.339 0.151
202212 0.182 115.116 0.182
202303 -0.023 115.116 -0.023
202306 0.049 114.558 0.049
202309 -0.041 115.339 -0.041
202312 0.032 114.781 0.032
202403 -0.096 115.227 -0.096

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.


Castech  (SZSE:002222) 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.


Castech Cyclically Adjusted Price-to-FCF Related Terms

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


Castech (SZSE:002222) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Castech Inc (SZSE:002222) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
155 Yangqiao WestRoad, Fuzhou, Fujian, CHN, 350002
Castech Inc is a manufacturer and supplier of crystals and optical components. The company manufactures a wide range of high precision spherical, cylindrical and flat optics components for original equipment manufacturer customers from industries of the laser, telecom, biomedical instruments and analysis instruments. More than 80% of the company's products exported to North America, Europe, Japan and other Asian countries.
Executives
Chen Hui Director
Xie Fa Li Director
Chen Qiu Hua Executives
Yao Yuan Gen Director
Wang Xi Dan Supervisors

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