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Zhejiang Kaier New Materials Co (SZSE:300234) Cyclically Adjusted Price-to-FCF : (As of Jun. 21, 2024)


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What is Zhejiang Kaier New Materials Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Kaier New Materials Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Kaier New Materials 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 Kaier New Materials Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Kaier New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zhejiang Kaier New Materials 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 Zhejiang Kaier New Materials Co's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Zhejiang Kaier New Materials 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 Kaier New Materials Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Kaier New Materials Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zhejiang Kaier New Materials 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 Kaier New Materials Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang Kaier New Materials 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)
=0.093/115.2271*115.2271
=0.093

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Kaier New Materials Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.029 98.200 0.034
201409 0.013 98.900 0.015
201412 0.022 99.000 0.026
201503 -0.063 99.900 -0.073
201506 -0.012 99.500 -0.014
201509 0.023 100.500 0.026
201512 0.011 100.600 0.013
201603 -0.026 102.200 -0.029
201606 -0.032 101.400 -0.036
201609 -0.033 102.400 -0.037
201612 0.009 102.600 0.010
201703 -0.058 103.200 -0.065
201706 -0.048 103.100 -0.054
201709 0.093 104.100 0.103
201712 0.061 104.500 0.067
201803 -0.041 105.300 -0.045
201806 -0.022 104.900 -0.024
201809 -0.050 106.600 -0.054
201812 0.077 106.500 0.083
201903 0.006 107.700 0.006
201906 -0.045 107.700 -0.048
201909 -0.054 109.800 -0.057
201912 0.072 111.200 0.075
202003 0.011 112.300 0.011
202006 -0.039 110.400 -0.041
202009 -0.004 111.700 -0.004
202012 0.057 111.500 0.059
202103 0.022 112.662 0.023
202106 -0.153 111.769 -0.158
202109 -0.067 112.215 -0.069
202112 0.118 113.108 0.120
202203 -0.037 114.335 -0.037
202206 -0.071 114.558 -0.071
202209 -0.049 115.339 -0.049
202212 0.090 115.116 0.090
202303 0.036 115.116 0.036
202306 0.037 114.558 0.037
202309 0.025 115.339 0.025
202312 0.047 114.781 0.047
202403 0.093 115.227 0.093

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 Kaier New Materials Co  (SZSE:300234) 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 Kaier New Materials Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Kaier New Materials Co (SZSE:300234) Business Description

Traded in Other Exchanges
N/A
Address
Caozhai Industrial Zone, Jindong District, Jinhua City, Zhejiang Province, CHN, 3210031
Zhejiang Kaier New Materials Co Ltd is engaged in the research, development, design, production, promotion, manufacture, and sales of functional enamel materials.
Executives
Xing Han Xue Directors, executives
Wu Jian Ming Directors, executives
Liu Yong Zhen Executives
Xing Han Ke Directors, executives
Zheng Gen Tu Executives
Cheng Zhi Yong Directors, executives
Sheng Lei Securities Affairs Representative
Fu Jian You Supervisors
Gu Jin Fang Director

Zhejiang Kaier New Materials Co (SZSE:300234) Headlines

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