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Chinalin Securities Co (SZSE:002945) Cyclically Adjusted Price-to-FCF : 15.46 (As of Jun. 08, 2024)


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What is Chinalin Securities Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Chinalin Securities Co's current share price is ¥10.36. Chinalin Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.67. Chinalin Securities Co's Cyclically Adjusted Price-to-FCF for today is 15.46.

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

SZSE:002945' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.4   Med: 36.08   Max: 43.11
Current: 16.44

During the past years, Chinalin Securities Co's highest Cyclically Adjusted Price-to-FCF was 43.11. The lowest was 16.40. And the median was 36.08.

SZSE:002945's Cyclically Adjusted Price-to-FCF is ranked better than
55.6% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs SZSE:002945: 16.44

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.

Chinalin Securities Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥2.144. 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 ¥0.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chinalin Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chinalin Securities 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.

Chinalin Securities Co Cyclically Adjusted Price-to-FCF Chart

Chinalin Securities 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 - - - - 41.61

Chinalin Securities 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 - - 39.11 41.61 17.49

Competitive Comparison of Chinalin Securities Co's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Chinalin Securities 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.


Chinalin Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Chinalin Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Chinalin Securities 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.

Chinalin Securities Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.36/0.67
=15.46

* 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.

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

For example, Chinalin Securities 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)
=2.144/115.2271*115.2271
=2.144

Current CPI (Mar. 2024) = 115.2271.

Chinalin Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200712 0.000 82.911 0.000
200812 0.000 83.956 0.000
200912 0.000 85.386 0.000
201012 0.000 89.289 0.000
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201512 0.000 100.600 0.000
201603 -0.109 102.200 -0.123
201612 0.000 102.600 0.000
201703 -0.261 103.200 -0.291
201706 0.000 103.100 0.000
201709 0.000 104.100 0.000
201712 0.000 104.500 0.000
201803 -0.046 105.300 -0.050
201806 -0.023 104.900 -0.025
201809 0.135 106.600 0.146
201812 -0.043 106.500 -0.047
201903 1.390 107.700 1.487
201906 -0.728 107.700 -0.779
201909 0.043 109.800 0.045
201912 0.242 111.200 0.251
202003 0.092 112.300 0.094
202006 0.416 110.400 0.434
202009 -0.266 111.700 -0.274
202012 3.938 111.500 4.070
202103 2.221 112.662 2.272
202106 -0.187 111.769 -0.193
202109 -3.315 112.215 -3.404
202112 -1.226 113.108 -1.249
202203 3.155 114.335 3.180
202206 1.285 114.558 1.293
202209 -0.872 115.339 -0.871
202212 -3.394 115.116 -3.397
202303 3.801 115.116 3.805
202306 -1.303 114.558 -1.311
202309 -2.811 115.339 -2.808
202312 0.115 114.781 0.115
202403 2.144 115.227 2.144

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.


Chinalin Securities Co  (SZSE:002945) 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.


Chinalin Securities Co Cyclically Adjusted Price-to-FCF Related Terms

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


Chinalin Securities Co (SZSE:002945) Business Description

Traded in Other Exchanges
N/A
Address
No. 1-1, Chagu Avenue, No. 3, Building B, Juntai International Building, Liuyu New District, Lhasa, CHN, 850000
Chinalin Securities Co Ltd is engaged in securities brokerage, securities investment consulting, financial advisers related to securities trading and securities investment activities.
Executives
Li Hua Qiang Executives
Zhong Na Supervisors

Chinalin Securities Co (SZSE:002945) Headlines

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