GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (OTCPK:ZTCOF) » Definitions » Cyclically Adjusted Price-to-FCF

ZTE (ZTCOF) Cyclically Adjusted Price-to-FCF : 54.25 (As of May. 24, 2024)


View and export this data going back to 2010. Start your Free Trial

What is ZTE Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), ZTE's current share price is $2.17. ZTE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.04. ZTE's Cyclically Adjusted Price-to-FCF for today is 54.25.

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

ZTCOF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 45.21   Med: 91.32   Max: 1824.5
Current: 45.52

During the past years, ZTE's highest Cyclically Adjusted Price-to-FCF was 1824.50. The lowest was 45.21. And the median was 91.32.

ZTCOF's Cyclically Adjusted Price-to-FCF is ranked worse than
65.16% of 930 companies
in the Hardware industry
Industry Median: 30.555 vs ZTCOF: 45.52

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.

ZTE's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.058. 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 $0.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZTE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ZTE'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.

ZTE Cyclically Adjusted Price-to-FCF Chart

ZTE 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 - - 249.78 130.04 55.00

ZTE 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 96.55 101.35 66.24 55.00 47.32

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

For the Communication Equipment subindustry, ZTE'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.


ZTE's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ZTE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ZTE 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.

ZTE's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.17/0.04
=54.25

* 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.

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

For example, ZTE'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)
=0.058/115.2271*115.2271
=0.058

Current CPI (Mar. 2024) = 115.2271.

ZTE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.084 98.200 0.099
201409 -0.039 98.900 -0.045
201412 0.068 99.000 0.079
201503 -0.172 99.900 -0.198
201506 0.128 99.500 0.148
201509 -0.063 100.500 -0.072
201512 0.212 100.600 0.243
201603 0.110 102.200 0.124
201606 -0.080 101.400 -0.091
201609 -0.065 102.400 -0.073
201612 0.112 102.600 0.126
201703 -0.048 103.200 -0.054
201706 -0.147 103.100 -0.164
201709 -0.040 104.100 -0.044
201712 0.271 104.500 0.299
201803 -0.045 105.300 -0.049
201806 -0.226 104.900 -0.248
201809 -0.192 106.600 -0.208
201812 -0.028 106.500 -0.030
201903 0.003 107.700 0.003
201906 -0.092 107.700 -0.098
201909 0.026 109.800 0.027
201912 0.096 111.200 0.099
202003 -0.027 112.300 -0.028
202006 0.005 110.400 0.005
202009 0.001 111.700 0.001
202012 0.143 111.500 0.148
202103 0.025 112.662 0.026
202106 0.110 111.769 0.113
202109 0.091 112.215 0.093
202112 0.111 113.108 0.113
202203 0.009 114.335 0.009
202206 0.028 114.558 0.028
202209 -0.033 115.339 -0.033
202212 0.077 115.116 0.077
202303 0.037 115.116 0.037
202306 0.094 114.558 0.095
202309 0.055 115.339 0.055
202312 0.208 114.781 0.209
202403 0.058 115.227 0.058

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.


ZTE  (OTCPK:ZTCOF) 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.


ZTE Cyclically Adjusted Price-to-FCF Related Terms

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


ZTE (ZTCOF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (OTCPK:ZTCOF) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
ZTE Corp offers a suite of telecommunications and information technology equipment to carriers, businesses, and the public sector. The firm's product portfolio covers wireless networks, core networks, fixed access, terminals, and other telecom verticals. ZTE generates a majority of its revenue from equipment supporting carriers' networks, but also provides handset terminals and telecom software systems. PRC region accounts for a majority of the firm's revenue, but ZTE also has a presence in Asia, Africa, Europe and the Americas.