GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhong Fu Tong Group Co Ltd (SZSE:300560) » Definitions » Cyclically Adjusted Price-to-FCF

Zhong Fu Tong Group Co (SZSE:300560) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Zhong Fu Tong Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhong Fu Tong Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhong Fu Tong Group 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.

Zhong Fu Tong Group Co Cyclically Adjusted Price-to-FCF Chart

Zhong Fu Tong Group 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 - - - - -

Zhong Fu Tong Group 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 - - - - -

Competitive Comparison of Zhong Fu Tong Group Co's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Zhong Fu Tong Group 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.


Zhong Fu Tong Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Zhong Fu Tong Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhong Fu Tong Group Co's Cyclically Adjusted Price-to-FCF falls into.



Zhong Fu Tong Group 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.

Zhong Fu Tong Group Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Zhong Fu Tong Group Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.085/114.7809*114.7809
=-0.085

Current CPI (Dec23) = 114.7809.

Zhong Fu Tong Group Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.010 99.000 -0.012
201512 0.046 100.600 0.052
201612 -0.127 102.600 -0.142
201712 -0.420 104.500 -0.461
201812 0.159 106.500 0.171
201912 -0.339 111.200 -0.350
202012 -0.271 111.500 -0.279
202112 -0.178 113.108 -0.181
202212 0.221 115.116 0.220
202312 -0.085 114.781 -0.085

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.


Zhong Fu Tong Group Co  (SZSE:300560) 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.


Zhong Fu Tong Group Co Cyclically Adjusted Price-to-FCF Related Terms

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


Zhong Fu Tong Group Co (SZSE:300560) Business Description

Traded in Other Exchanges
N/A
Address
Software Avenue, Tongpan Road, Software Park, No. 89, Floors 20, 21, 22, Building 4, F Zone, Gulou District, Fujian Province, Fuzhou, CHN, 350003
Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company primarily serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.
Executives
Ke Hong Hui Director
Chen Rong Jie Director
Huang Xiao Ming Supervisors
Yang Wei Min Independent director
Wang Bei Yi Supervisors

Zhong Fu Tong Group Co (SZSE:300560) Headlines

No Headlines