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Zhejiang Dahua Technology Co (SZSE:002236) Cyclically Adjusted Price-to-FCF : 61.55 (As of May. 20, 2024)


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What is Zhejiang Dahua Technology Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Zhejiang Dahua Technology Co's current share price is ¥17.85. Zhejiang Dahua Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.29. Zhejiang Dahua Technology Co's Cyclically Adjusted Price-to-FCF for today is 61.55.

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

SZSE:002236' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 51.26   Med: 136.18   Max: 2004
Current: 61.06

During the past years, Zhejiang Dahua Technology Co's highest Cyclically Adjusted Price-to-FCF was 2004.00. The lowest was 51.26. And the median was 136.18.

SZSE:002236's Cyclically Adjusted Price-to-FCF is ranked worse than
85.64% of 362 companies
in the Business Services industry
Industry Median: 18.255 vs SZSE:002236: 61.06

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.

Zhejiang Dahua Technology Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.491. 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 ¥0.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Dahua Technology Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Dahua Technology 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.

Zhejiang Dahua Technology Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Dahua Technology 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 199.86 89.84 95.93 50.65 60.45

Zhejiang Dahua Technology 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 128.65 93.51 95.72 60.45 65.91

Competitive Comparison of Zhejiang Dahua Technology Co's Cyclically Adjusted Price-to-FCF

For the Security & Protection Services subindustry, Zhejiang Dahua Technology 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.


Zhejiang Dahua Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Dahua Technology Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhejiang Dahua Technology Co's Cyclically Adjusted Price-to-FCF falls into.



Zhejiang Dahua Technology 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.

Zhejiang Dahua Technology Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.85/0.29
=61.55

* 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.

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

For example, Zhejiang Dahua Technology 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)
=-0.491/115.2271*115.2271
=-0.491

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Dahua Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.103 98.200 -0.121
201409 0.010 98.900 0.012
201412 0.311 99.000 0.362
201503 -0.103 99.900 -0.119
201506 -0.022 99.500 -0.025
201509 -0.081 100.500 -0.093
201512 0.270 100.600 0.309
201603 -0.274 102.200 -0.309
201606 -0.024 101.400 -0.027
201609 -0.083 102.400 -0.093
201612 0.364 102.600 0.409
201703 -0.519 103.200 -0.579
201706 0.130 103.100 0.145
201709 -0.095 104.100 -0.105
201712 0.685 104.500 0.755
201803 -0.469 105.300 -0.513
201806 0.023 104.900 0.025
201809 -0.260 106.600 -0.281
201812 0.836 106.500 0.905
201903 -0.648 107.700 -0.693
201906 0.242 107.700 0.259
201909 0.073 109.800 0.077
201912 0.713 111.200 0.739
202003 -0.456 112.300 -0.468
202006 0.327 110.400 0.341
202009 0.414 111.700 0.427
202012 0.970 111.500 1.002
202103 -0.561 112.662 -0.574
202106 0.059 111.769 0.061
202109 -0.211 112.215 -0.217
202112 0.902 113.108 0.919
202203 -0.943 114.335 -0.950
202206 0.131 114.558 0.132
202209 0.168 115.339 0.168
202212 0.581 115.116 0.582
202303 -0.589 115.116 -0.590
202306 0.399 114.558 0.401
202309 0.213 115.339 0.213
202312 0.871 114.781 0.874
202403 -0.491 115.227 -0.491

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.


Zhejiang Dahua Technology Co  (SZSE:002236) 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.


Zhejiang Dahua Technology Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Dahua Technology Co (SZSE:002236) Business Description

Traded in Other Exchanges
N/A
Address
No. 1187 Bin'an Road, Binjiang District, Zhejiang, Hangzhou, CHN, 310053
Zhejiang Dahua Technology Co Ltd is engaged in the production of security and surveillance products. The product offered by the company includes transmission products, cloud products, display products, video conference products, drone, Smart fire protection, and others. These products are used for city operations, business management, personal consumer life, and others.

Zhejiang Dahua Technology Co (SZSE:002236) Headlines

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