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Ningbo Cixing Co (SZSE:300307) Cyclically Adjusted Price-to-FCF : (As of May. 27, 2024)


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What is Ningbo Cixing Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ningbo Cixing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ningbo Cixing 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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Ningbo Cixing Co Cyclically Adjusted Price-to-FCF Chart

Ningbo Cixing 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 - 109.98 - - -

Ningbo Cixing 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 Ningbo Cixing Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Ningbo Cixing 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.


Ningbo Cixing Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Cixing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ningbo Cixing 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.

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

For example, Ningbo Cixing 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)
=0.127/115.2271*115.2271
=0.127

Current CPI (Mar. 2024) = 115.2271.

Ningbo Cixing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.039 98.200 0.046
201409 -0.093 98.900 -0.108
201412 -0.057 99.000 -0.066
201503 -0.054 99.900 -0.062
201506 0.029 99.500 0.034
201509 0.059 100.500 0.068
201512 -0.050 100.600 -0.057
201603 -0.021 102.200 -0.024
201606 0.037 101.400 0.042
201609 -0.048 102.400 -0.054
201612 -0.041 102.600 -0.046
201703 0.127 103.200 0.142
201706 0.051 103.100 0.057
201709 -0.073 104.100 -0.081
201712 -0.084 104.500 -0.093
201803 -0.030 105.300 -0.033
201806 -0.031 104.900 -0.034
201809 -0.113 106.600 -0.122
201812 -0.043 106.500 -0.047
201903 0.053 107.700 0.057
201906 -0.216 107.700 -0.231
201909 -0.177 109.800 -0.186
201912 0.080 111.200 0.083
202003 -0.030 112.300 -0.031
202006 -0.101 110.400 -0.105
202009 -0.077 111.700 -0.079
202012 0.067 111.500 0.069
202103 0.041 112.662 0.042
202106 0.051 111.769 0.053
202109 -0.183 112.215 -0.188
202112 -0.120 113.108 -0.122
202203 0.048 114.335 0.048
202206 -0.103 114.558 -0.104
202209 -0.118 115.339 -0.118
202212 0.055 115.116 0.055
202303 0.241 115.116 0.241
202306 0.051 114.558 0.051
202309 -0.155 115.339 -0.155
202312 -0.034 114.781 -0.034
202403 0.127 115.227 0.127

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.


Ningbo Cixing Co  (SZSE:300307) 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.


Ningbo Cixing Co Cyclically Adjusted Price-to-FCF Related Terms

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Ningbo Cixing Co (SZSE:300307) Business Description

Traded in Other Exchanges
N/A
Address
West Weisan Road, Andong Town Industrial Zone, Cixi, CHN, 315327
Ningbo Cixing Co Ltd is engaged in the research and development, manufacture and distribution of computerized knitting machines. The company's main products include computerized flat knitting machines, computerized seamless underwear circular knitting machines, stocking machine, and circular knitting machine.
Executives
Lu De Chun Executives
Liu Dao Cheng Executives
Hu Xue Qun Supervisors
Sun Ping Fan Directors, executives
Yang Xue Lan Securities Affairs Representative
Li Li Jun Directors, executives

Ningbo Cixing Co (SZSE:300307) Headlines

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