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Feitian Technologies Co (SZSE:300386) Cyclically Adjusted Price-to-FCF : 52.92 (As of Jun. 19, 2024)


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What is Feitian Technologies Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), Feitian Technologies Co's current share price is ¥6.88. Feitian Technologies Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.13. Feitian Technologies Co's Cyclically Adjusted Price-to-FCF for today is 52.92.

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

SZSE:300386' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 46.81   Med: 62.33   Max: 86.42
Current: 50.88

During the past years, Feitian Technologies Co's highest Cyclically Adjusted Price-to-FCF was 86.42. The lowest was 46.81. And the median was 62.33.

SZSE:300386's Cyclically Adjusted Price-to-FCF is ranked worse than
66.91% of 683 companies
in the Software industry
Industry Median: 28.48 vs SZSE:300386: 50.88

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.

Feitian Technologies Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.166. 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 ¥0.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Feitian Technologies Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Feitian Technologies 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.

Feitian Technologies Co Cyclically Adjusted Price-to-FCF Chart

Feitian Technologies 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 - - 73.02 51.77 88.63

Feitian Technologies 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 67.68 62.43 65.44 88.63 59.44

Competitive Comparison of Feitian Technologies Co's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Feitian Technologies 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.


Feitian Technologies Co's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Feitian Technologies Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Feitian Technologies 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.

Feitian Technologies Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.88/0.13
=52.92

* 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.

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

For example, Feitian Technologies 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)
=-0.166/115.2271*115.2271
=-0.166

Current CPI (Mar. 2024) = 115.2271.

Feitian Technologies Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.078 98.200 0.092
201409 -0.027 98.900 -0.031
201412 0.774 99.000 0.901
201503 -0.536 99.900 -0.618
201506 0.049 99.500 0.057
201509 -0.037 100.500 -0.042
201512 0.400 100.600 0.458
201603 -0.310 102.200 -0.350
201606 -0.034 101.400 -0.039
201609 -0.023 102.400 -0.026
201612 0.676 102.600 0.759
201703 -0.378 103.200 -0.422
201706 -0.084 103.100 -0.094
201709 0.018 104.100 0.020
201712 0.673 104.500 0.742
201803 -0.493 105.300 -0.539
201806 -0.206 104.900 -0.226
201809 0.099 106.600 0.107
201812 0.648 106.500 0.701
201903 -0.257 107.700 -0.275
201906 0.028 107.700 0.030
201909 0.027 109.800 0.028
201912 0.525 111.200 0.544
202003 -0.186 112.300 -0.191
202006 -0.100 110.400 -0.104
202009 -0.104 111.700 -0.107
202012 0.506 111.500 0.523
202103 -0.288 112.662 -0.295
202106 -0.136 111.769 -0.140
202109 0.022 112.215 0.023
202112 0.473 113.108 0.482
202203 -0.358 114.335 -0.361
202206 -0.320 114.558 -0.322
202209 -0.001 115.339 -0.001
202212 0.218 115.116 0.218
202303 -0.196 115.116 -0.196
202306 0.001 114.558 0.001
202309 -0.045 115.339 -0.045
202312 0.190 114.781 0.191
202403 -0.166 115.227 -0.166

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.


Feitian Technologies Co  (SZSE:300386) 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.


Feitian Technologies Co Cyclically Adjusted Price-to-FCF Related Terms

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Feitian Technologies Co (SZSE:300386) Business Description

Traded in Other Exchanges
N/A
Address
No.9 Xueqing Road, 17th Floor, Building B, Huizhi Building, Haidian District, Beijing, CHN, 100085
Feitian Technologies Co Ltd is a supplier of user authentication and transaction security for China Online Banking. The company offers public key infrastructure authentication tokens, one time password tokens, software protection dongles, contact and contactless smart card readers. It also provides turnkey solutions like secure hardware, operating systems, middleware, software application, and services such as personalization and remote lifecycle management. The company's customers include financial institution, telecom, government and business enterprises. Its product lines feature contact and contactless smart cards, EMV chip cards, payment terminals, and user authentication solutions for secure online banking and transaction security.
Executives
Li Wei Directors, executives
Yu Hua Zhang Executives
Huang Yu Director
Han Xue Feng Directors, executives
Li Qi Independent director
Lu Zhou Directors, executives
Yan Yan Executives

Feitian Technologies Co (SZSE:300386) Headlines

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