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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Qinghai Huzhu TianYouDe Highland Barley Spirit Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Qinghai Huzhu TianYouDe Highland Barley Spirit Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Qinghai Huzhu TianYouDe Highland Barley Spirit 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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Qinghai Huzhu TianYouDe Highland Barley Spirit Co Cyclically Adjusted Price-to-FCF Chart

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Qinghai Huzhu TianYouDe Highland Barley Spirit 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 Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, Qinghai Huzhu TianYouDe Highland Barley Spirit 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.


Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Cyclically Adjusted Price-to-FCF falls into.



Qinghai Huzhu TianYouDe Highland Barley Spirit 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.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Qinghai Huzhu TianYouDe Highland Barley Spirit 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)
=0.251/115.2271*115.2271
=0.251

Current CPI (Mar. 2024) = 115.2271.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.261 98.200 -0.306
201409 0.098 98.900 0.114
201412 -0.123 99.000 -0.143
201503 0.460 99.900 0.531
201506 -0.241 99.500 -0.279
201509 -0.111 100.500 -0.127
201512 -0.139 100.600 -0.159
201603 0.294 102.200 0.331
201606 -0.082 101.400 -0.093
201609 0.000 102.400 0.000
201612 0.145 102.600 0.163
201703 -0.102 103.200 -0.114
201706 -0.261 103.100 -0.292
201709 0.017 104.100 0.019
201712 -0.015 104.500 -0.017
201803 0.152 105.300 0.166
201806 -0.232 104.900 -0.255
201809 -0.050 106.600 -0.054
201812 0.187 106.500 0.202
201903 -0.070 107.700 -0.075
201906 -0.304 107.700 -0.325
201909 -0.063 109.800 -0.066
201912 -0.057 111.200 -0.059
202003 -0.270 112.300 -0.277
202006 -0.113 110.400 -0.118
202009 0.013 111.700 0.013
202012 0.011 111.500 0.011
202103 0.172 112.662 0.176
202106 -0.083 111.769 -0.086
202109 0.010 112.215 0.010
202112 -0.144 113.108 -0.147
202203 0.102 114.335 0.103
202206 -0.166 114.558 -0.167
202209 -0.024 115.339 -0.024
202212 -0.054 115.116 -0.054
202303 0.094 115.116 0.094
202306 -0.007 114.558 -0.007
202309 0.139 115.339 0.139
202312 -0.206 114.781 -0.207
202403 0.251 115.227 0.251

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.


Qinghai Huzhu TianYouDe Highland Barley Spirit Co  (SZSE:002646) 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.


Qinghai Huzhu TianYouDe Highland Barley Spirit Co Cyclically Adjusted Price-to-FCF Related Terms

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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 West Stree, Huzhu County, Qinghai Province, Weiyuan, CHN, 810500
Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd is a China-based company operating in the liquor industry. The principal business activities of the company are research and development, production and sales of wine and alcoholic beverages. It specializes in Xizhu, Tianyoude, Ba Dafang, Yongqinghe, Shiyi De and many other series of barleywines, as well as the Maxwell brand.

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