GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PhiChem Corp (SZSE:300398) » Definitions » Cyclically Adjusted Price-to-FCF

PhiChem (SZSE:300398) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


View and export this data going back to 2014. Start your Free Trial

What is PhiChem Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PhiChem Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PhiChem'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.

PhiChem Cyclically Adjusted Price-to-FCF Chart

PhiChem 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 - - - - -

PhiChem 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 - - - - -

Competitive Comparison of PhiChem's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, PhiChem'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.


PhiChem's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PhiChem's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PhiChem 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.

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

For example, PhiChem'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)
=0.112/115.2271*115.2271
=0.112

Current CPI (Mar. 2024) = 115.2271.

PhiChem Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.027 98.200 -0.032
201409 0.012 98.900 0.014
201412 -0.084 99.000 -0.098
201503 -0.169 99.900 -0.195
201506 0.006 99.500 0.007
201509 0.003 100.500 0.003
201512 -0.023 100.600 -0.026
201603 -0.521 102.200 -0.587
201606 -0.076 101.400 -0.086
201609 -0.147 102.400 -0.165
201612 -0.073 102.600 -0.082
201703 -0.094 103.200 -0.105
201706 -0.047 103.100 -0.053
201709 -0.045 104.100 -0.050
201712 -0.111 104.500 -0.122
201803 0.092 105.300 0.101
201806 -0.134 104.900 -0.147
201809 -0.146 106.600 -0.158
201812 -0.127 106.500 -0.137
201903 -0.305 107.700 -0.326
201906 0.031 107.700 0.033
201909 0.091 109.800 0.095
201912 -0.032 111.200 -0.033
202003 -0.251 112.300 -0.258
202006 -0.001 110.400 -0.001
202009 -0.087 111.700 -0.090
202012 0.165 111.500 0.171
202103 -0.022 112.662 -0.023
202106 0.094 111.769 0.097
202109 0.132 112.215 0.136
202112 -0.244 113.108 -0.249
202203 -0.254 114.335 -0.256
202206 0.292 114.558 0.294
202209 0.145 115.339 0.145
202212 0.208 115.116 0.208
202303 -0.319 115.116 -0.319
202306 0.137 114.558 0.138
202309 -0.006 115.339 -0.006
202312 0.200 114.781 0.201
202403 0.112 115.227 0.112

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.


PhiChem  (SZSE:300398) 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.


PhiChem Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PhiChem's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PhiChem (SZSE:300398) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2999 Panjing Road, Baoshan district, Shanghai, CHN, 201908
PhiChem Corp is a chemical manufacturing company. It is engaged in the research, production, and sale of materials and specialty chemicals used in high-tech manufacturing. Its product portfolio includes formulated ultraviolet (UV) curable materials optical fiber/cable, materials for wafer, printed circuit board, light-emitting diode (LED), Surface-mount technology (SMT) production, Liquid crystal materials for information display applications, release coating materials for packaging and industrial applications, specialty resins, intermediates and additives. Its products are also used in electronic manufacturing fields. The company has a global presence with sales offices in China, Taiwan, Japan, United States, South Korea and India.
Executives
Su Bin Directors, executives
Song Shu Guo Directors, executives
Director
Zhang Lu Yang Independent director
Jin Ding Director
Wang Lin Supervisors

PhiChem (SZSE:300398) Headlines

No Headlines