GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Toland Alloy Co Ltd (SZSE:300855) » Definitions » Cyclically Adjusted Price-to-FCF

Jiangsu Toland Alloy Co (SZSE:300855) Cyclically Adjusted Price-to-FCF : 532.00 (As of Jun. 21, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Jiangsu Toland Alloy Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-21), Jiangsu Toland Alloy Co's current share price is ¥26.60. Jiangsu Toland Alloy Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was ¥0.05. Jiangsu Toland Alloy Co's Cyclically Adjusted Price-to-FCF for today is 532.00.

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

SZSE:300855' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 386.2   Med: 468.5   Max: 563.66
Current: 563.66

During the past 10 years, Jiangsu Toland Alloy Co's highest Cyclically Adjusted Price-to-FCF was 563.66. The lowest was 386.20. And the median was 468.50.

SZSE:300855's Cyclically Adjusted Price-to-FCF is ranked worse than
98.49% of 265 companies
in the Steel industry
Industry Median: 13.14 vs SZSE:300855: 563.66

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.

Jiangsu Toland Alloy Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was ¥-0.626. 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 ¥0.05 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Toland Alloy Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Jiangsu Toland Alloy 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.

Jiangsu Toland Alloy Co Cyclically Adjusted Price-to-FCF Chart

Jiangsu Toland Alloy Co Annual Data
Trend Dec13 Dec14 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 - - - - 620.36

Jiangsu Toland Alloy 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 - - - 620.36 -

Competitive Comparison of Jiangsu Toland Alloy Co's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Jiangsu Toland Alloy 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.


Jiangsu Toland Alloy Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu Toland Alloy Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Jiangsu Toland Alloy Co's Cyclically Adjusted Price-to-FCF falls into.



Jiangsu Toland Alloy 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.

Jiangsu Toland Alloy Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.60/0.05
=532.00

* 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.

Jiangsu Toland Alloy Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Jiangsu Toland Alloy 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)
=-0.626/114.7809*114.7809
=-0.626

Current CPI (Dec23) = 114.7809.

Jiangsu Toland Alloy Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.129 97.624 -0.152
201412 0.005 99.000 0.006
201612 0.152 102.600 0.170
201712 0.272 104.500 0.299
201812 0.248 106.500 0.267
201912 0.355 111.200 0.366
202012 0.179 111.500 0.184
202112 -0.010 113.108 -0.010
202212 -0.018 115.116 -0.018
202312 -0.626 114.781 -0.626

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.


Jiangsu Toland Alloy Co  (SZSE:300855) 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.


Jiangsu Toland Alloy Co Cyclically Adjusted Price-to-FCF Related Terms

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


Jiangsu Toland Alloy Co (SZSE:300855) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Junmin West Road, Yuncheng Canal, Lucheng Town, Jiangsu Province, Danyang, CHN, 212352
Jiangsu Toland Alloy Co Ltd is engaged in the production and sales of high-performance alloys, precision alloys, special stainless steel and other high-performance alloy materials and their products. The company manufactures, smelts, processes, and sells high-temperature alloys, precision alloys, nickel-chromium materials, high-resistance electrothermal alloys, high-speed tool steels, stainless steels, heat-resistant steels and their products.
Executives
Zhang Tao Supervisors
Wan Jie Directors, Directors, and Executives
Yuan Suo Jun Directors, executives

Jiangsu Toland Alloy Co (SZSE:300855) Headlines

No Headlines