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Yantai Changyu Pioneer Wine Co (SZSE:200869) Cyclically Adjusted Price-to-FCF : 34.81 (As of May. 17, 2024)


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What is Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Yantai Changyu Pioneer Wine Co's current share price is HK$9.40. Yantai Changyu Pioneer Wine Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$0.27. Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF for today is 34.81.

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

SZSE:200869' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.56   Med: 46.32   Max: 102.66
Current: 37.91

During the past years, Yantai Changyu Pioneer Wine Co's highest Cyclically Adjusted Price-to-FCF was 102.66. The lowest was 26.56. And the median was 46.32.

SZSE:200869's Cyclically Adjusted Price-to-FCF is ranked worse than
66.36% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 28.1 vs SZSE:200869: 37.91

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.

Yantai Changyu Pioneer Wine Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$-0.160. 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 HK$0.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Yantai Changyu Pioneer Wine 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.

Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF Chart

Yantai Changyu Pioneer Wine 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 45.25 80.53 57.80 51.88 31.26

Yantai Changyu Pioneer Wine 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 58.07 47.19 44.21 31.26 33.82

Competitive Comparison of Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, Yantai Changyu Pioneer Wine 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.


Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF falls into.



Yantai Changyu Pioneer Wine 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.

Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.40/0.27
=34.81

* 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.

Yantai Changyu Pioneer Wine Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yantai Changyu Pioneer Wine 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)
=-0.16/115.2271*115.2271
=-0.160

Current CPI (Mar. 2024) = 115.2271.

Yantai Changyu Pioneer Wine Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.014 98.200 -0.016
201409 -0.128 98.900 -0.149
201412 -1.078 99.000 -1.255
201503 0.794 99.900 0.916
201506 0.064 99.500 0.074
201509 0.306 100.500 0.351
201512 -0.489 100.600 -0.560
201603 0.751 102.200 0.847
201606 -0.253 101.400 -0.287
201609 0.278 102.400 0.313
201612 -0.430 102.600 -0.483
201703 0.395 103.200 0.441
201706 -0.174 103.100 -0.194
201709 0.536 104.100 0.593
201712 0.150 104.500 0.165
201803 0.718 105.300 0.786
201806 0.003 104.900 0.003
201809 0.299 106.600 0.323
201812 0.077 106.500 0.083
201903 0.310 107.700 0.332
201906 0.302 107.700 0.323
201909 0.146 109.800 0.153
201912 0.185 111.200 0.192
202003 -0.273 112.300 -0.280
202006 0.134 110.400 0.140
202009 0.380 111.700 0.392
202012 0.345 111.500 0.357
202103 0.479 112.662 0.490
202106 0.120 111.769 0.124
202109 0.519 112.215 0.533
202112 0.473 113.108 0.482
202203 0.512 114.335 0.516
202206 0.362 114.558 0.364
202209 0.144 115.339 0.144
202212 0.140 115.116 0.140
202303 0.492 115.116 0.492
202306 0.271 114.558 0.273
202309 0.270 115.339 0.270
202312 0.650 114.781 0.653
202403 -0.160 115.227 -0.160

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.


Yantai Changyu Pioneer Wine Co  (SZSE:200869) 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.


Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF Related Terms

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Yantai Changyu Pioneer Wine Co (SZSE:200869) Business Description

Traded in Other Exchanges
Address
56 Dama Road, Shandong, Yantai, CHN, 264000
Yantai Changyu Pioneer Wine Co Ltd produces and sells wine, brandy, and champagne. The company's brands include Changyu, Jiebaina, AFIP, Koyac, and Tinlot Reserva. Wine sales account for more than three-quarters of the company's total revenue. Yantai possesses vineyards in several Chinese provinces suitable for wine grape growing, such as Shandong, Ningxia, Xinjiang, Liaoning, Hebei, and Shanxi. Nearly all of the company's sales are in China, with the small amount of remaining revenue coming from France and Spain.

Yantai Changyu Pioneer Wine Co (SZSE:200869) Headlines

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