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Focus Lightings Tech Co (SZSE:300708) Cyclically Adjusted Price-to-FCF : (As of Sep. 22, 2024)


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What is Focus Lightings Tech Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Focus Lightings Tech Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Focus Lightings Tech 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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Focus Lightings Tech Co Cyclically Adjusted Price-to-FCF Chart

Focus Lightings Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Focus Lightings Tech Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Focus Lightings Tech Co's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Focus Lightings Tech 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.


Focus Lightings Tech Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Focus Lightings Tech Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Focus Lightings Tech Co's Cyclically Adjusted Price-to-FCF falls into.



Focus Lightings Tech 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.

Focus Lightings Tech Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Focus Lightings Tech 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)
=0.103/114.7809*114.7809
=0.103

Current CPI (Dec23) = 114.7809.

Focus Lightings Tech Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.158 99.000 -0.183
201512 -0.364 100.600 -0.415
201612 0.217 102.600 0.243
201712 0.007 104.500 0.008
201812 -2.004 106.500 -2.160
201912 -0.335 111.200 -0.346
202012 -0.349 111.500 -0.359
202112 0.515 113.108 0.523
202212 0.185 115.116 0.184
202312 0.103 114.781 0.103

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.


Focus Lightings Tech Co  (SZSE:300708) 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.


Focus Lightings Tech Co Cyclically Adjusted Price-to-FCF Related Terms

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Focus Lightings Tech Co Business Description

Traded in Other Exchanges
N/A
Address
8 Xinqing Road, Suzhou Industrial Park, Suzhou, CHN, 215125
Focus Lightings Tech Co Ltd is a China-based company is engaged in the manufacture and production of home and commercial lighting products. Its products include glitter lamp, desk lamp, floor lamp, wall lamp, ceiling lamp, and a pendent lamp. The company's products can be used in backlight and lighting and other fields.
Executives
Xu Ying Gai Director
Wang Hui Supervisors
Pan Hua Rong Directors, executives
Lu Ye Executives
Cheng Fei Long Directors, executives
Xu Wen Wen Securities Affairs Representative
Yin Zuo Zhao Director
Xiang Fang Nan Director
Wang Yan Li Executives
Qin Zhen Director

Focus Lightings Tech Co Headlines

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