GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Truelove Vogue Co Ltd (SZSE:003041) » Definitions » Cyclically Adjusted Price-to-FCF

Zhejiang Truelove Vogue Co (SZSE:003041) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2024)


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What is Zhejiang Truelove Vogue Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Truelove Vogue Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Truelove Vogue 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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Zhejiang Truelove Vogue Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Truelove Vogue Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zhejiang Truelove Vogue Co Quarterly Data
Dec17 Dec18 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 Zhejiang Truelove Vogue Co's Cyclically Adjusted Price-to-FCF

For the Textile Manufacturing subindustry, Zhejiang Truelove Vogue 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 Truelove Vogue Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Truelove Vogue Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zhejiang Truelove Vogue 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 Truelove Vogue Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Zhejiang Truelove Vogue Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.639/114.7809*114.7809
=-0.639

Current CPI (Dec23) = 114.7809.

Zhejiang Truelove Vogue Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.634 99.000 0.735
201712 0.295 104.500 0.324
201812 0.438 106.500 0.472
201912 0.678 111.200 0.700
202012 1.109 111.500 1.142
202112 -1.315 113.108 -1.334
202212 -4.279 115.116 -4.267
202312 -0.639 114.781 -0.639

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 Truelove Vogue Co  (SZSE:003041) 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 Truelove Vogue Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Truelove Vogue Co (SZSE:003041) Business Description

Traded in Other Exchanges
N/A
Address
Jiangdong Street, No.399, Fotang Avenue, Zhejiang Province, Yiwu, CHN, 322000
Zhejiang Zhenai Meijia Co Ltd is engaged in the research and development, design, production and sales of home textile. The company offers blankets and kits such as =Raschel blankets, quilts, pillow cores and other household textile products.

Zhejiang Truelove Vogue Co (SZSE:003041) Headlines

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