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Hangzhou Heshun Technology Co (SZSE:301237) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Hangzhou Heshun Technology Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hangzhou Heshun Technology Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hangzhou Heshun Technology 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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Hangzhou Heshun Technology Co Cyclically Adjusted Price-to-FCF Chart

Hangzhou Heshun Technology Co Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hangzhou Heshun Technology Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Hangzhou Heshun Technology Co's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Hangzhou Heshun Technology 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.


Hangzhou Heshun Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

* The bar in red indicates where Hangzhou Heshun Technology Co's Cyclically Adjusted Price-to-FCF falls into.



Hangzhou Heshun Technology 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.

Hangzhou Heshun Technology Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hangzhou Heshun Technology 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)
=-3.273/114.7809*114.7809
=-3.273

Current CPI (Dec23) = 114.7809.

Hangzhou Heshun Technology Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201512 -0.387 100.600 -0.442
201712 -0.307 104.500 -0.337
201812 -0.824 106.500 -0.888
201912 -1.162 111.200 -1.199
202012 -0.352 111.500 -0.362
202112 0.314 113.108 0.319
202212 -2.366 115.116 -2.359
202312 -3.273 114.781 -3.273

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.


Hangzhou Heshun Technology Co  (SZSE:301237) 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.


Hangzhou Heshun Technology Co Cyclically Adjusted Price-to-FCF Related Terms

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Hangzhou Heshun Technology Co (SZSE:301237) Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Liangzhan Road, Renhe Street, Room 512, 5th Floor, Building 1, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107
Hangzhou Heshun Technology Co Ltd is engaged in the research and development, production and sales of differentiated and functional biaxially oriented polyester film.

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