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Tangrenshen Group Co (SZSE:002567) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Tangrenshen Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tangrenshen Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tangrenshen Group 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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Tangrenshen Group Co Cyclically Adjusted Price-to-FCF Chart

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

For the Packaged Foods subindustry, Tangrenshen Group 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.


Tangrenshen Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tangrenshen Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tangrenshen Group 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.

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

For example, Tangrenshen Group 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)
=-0.2/115.2271*115.2271
=-0.200

Current CPI (Mar. 2024) = 115.2271.

Tangrenshen Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.269 98.200 -0.316
201409 0.084 98.900 0.098
201412 -0.131 99.000 -0.152
201503 0.017 99.900 0.020
201506 0.330 99.500 0.382
201509 0.409 100.500 0.469
201512 0.014 100.600 0.016
201603 0.177 102.200 0.200
201606 0.037 101.400 0.042
201609 0.075 102.400 0.084
201612 -0.031 102.600 -0.035
201703 -0.155 103.200 -0.173
201706 0.124 103.100 0.139
201709 0.281 104.100 0.311
201712 -0.270 104.500 -0.298
201803 -0.189 105.300 -0.207
201806 0.076 104.900 0.083
201809 0.029 106.600 0.031
201812 -0.056 106.500 -0.061
201903 -0.042 107.700 -0.045
201906 -0.117 107.700 -0.125
201909 -0.268 109.800 -0.281
201912 0.077 111.200 0.080
202003 -0.058 112.300 -0.060
202006 -0.191 110.400 -0.199
202009 -0.300 111.700 -0.309
202012 -0.591 111.500 -0.611
202103 -0.417 112.662 -0.426
202106 -0.498 111.769 -0.513
202109 -0.764 112.215 -0.785
202112 -1.702 113.108 -1.734
202203 -0.857 114.335 -0.864
202206 -0.236 114.558 -0.237
202209 0.048 115.339 0.048
202212 -0.642 115.116 -0.643
202303 -0.485 115.116 -0.485
202306 0.122 114.558 0.123
202309 -0.056 115.339 -0.056
202312 0.007 114.781 0.007
202403 -0.200 115.227 -0.200

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.


Tangrenshen Group Co  (SZSE:002567) 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.


Tangrenshen Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Tangrenshen Group Co (SZSE:002567) Business Description

Traded in Other Exchanges
N/A
Address
Liyu Industrial Park, High-tech Industrial Development Zone, Hunan Province, Zhuzhou, CHN, 412007
Tangrenshen Group Co Ltd is engaged in the production and distribution of feeds, meats and boars.

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