GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Resources Power Holdings Co Ltd (OTCPK:CRPJY) » Definitions » Cyclically Adjusted Price-to-FCF

China Resources Power Holdings Co (China Resources Power Holdings Co) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


View and export this data going back to 2008. Start your Free Trial

What is China Resources Power Holdings Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Resources Power Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Resources Power Holdings 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.

China Resources Power Holdings Co Cyclically Adjusted Price-to-FCF Chart

China Resources Power Holdings 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 18.37 16.33 117.57 - -

China Resources Power Holdings Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 117.57 - - - -

Competitive Comparison of China Resources Power Holdings Co's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, China Resources Power Holdings 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.


China Resources Power Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Resources Power Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Resources Power Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



China Resources Power Holdings 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.

China Resources Power Holdings Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Resources Power Holdings 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)
=-3.956/117.2957*117.2957
=-3.956

Current CPI (Dec23) = 117.2957.

China Resources Power Holdings Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.818 99.707 0.962
201512 6.156 102.015 7.078
201612 2.420 103.225 2.750
201712 1.220 104.984 1.363
201812 0.486 107.622 0.530
201912 -0.813 110.700 -0.861
202012 -3.953 109.711 -4.226
202112 -7.084 112.349 -7.396
202212 -3.370 114.548 -3.451
202312 -3.956 117.296 -3.956

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.


China Resources Power Holdings Co  (OTCPK:CRPJY) 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.


China Resources Power Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

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


China Resources Power Holdings Co (China Resources Power Holdings Co) Business Description

Traded in Other Exchanges
Address
26 Harbour Road, Rooms 2001-2002, 20th Floor, China Resources Building, Wanchai, HKG
China Resources Power, or CR Power, is one of China's largest independent power producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants and thermal power (coal-fired and gas-fired) plants, which are situated mostly in eastern, central and southern China, with a total attributable operational generation capacity of about 52.6 gigawatts as of end-2022. Renewable energy accounts for about 32.3% of its capacity. China Resources Holdings, a key state-owned conglomerate, owns approximately 62.9% of CR Power's shares outstanding.

China Resources Power Holdings Co (China Resources Power Holdings Co) Headlines