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Kingold Jewelry (Kingold Jewelry) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Kingold Jewelry Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingold Jewelry Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Cyclically Adjusted Price-to-FCF Chart

Kingold Jewelry Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted Price-to-FCF
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Kingold Jewelry Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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Competitive Comparison of Kingold Jewelry's Cyclically Adjusted Price-to-FCF

For the Luxury Goods subindustry, Kingold Jewelry'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.


Kingold Jewelry's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kingold Jewelry's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kingold Jewelry 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.

Kingold Jewelry's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2019 is calculated as:

For example, Kingold Jewelry's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2019 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=5.659/109.8000*109.8000
=5.659

Current CPI (Sep. 2019) = 109.8000.

Kingold Jewelry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200912 -0.918 85.386 -1.180
201003 1.022 86.316 1.300
201006 -1.374 85.886 -1.757
201009 0.383 87.267 0.482
201012 0.328 89.289 0.403
201103 -2.664 91.154 -3.209
201106 0.393 91.612 0.471
201109 -0.328 92.711 -0.388
201112 -0.042 92.885 -0.050
201203 -0.662 94.367 -0.770
201206 0.094 93.495 0.110
201209 -0.242 94.482 -0.281
201212 0.014 95.237 0.016
201303 0.740 96.372 0.843
201306 -1.772 95.984 -2.027
201309 1.645 97.332 1.856
201312 0.129 97.624 0.145
201403 -1.702 98.600 -1.895
201406 2.496 98.200 2.791
201409 -0.205 98.900 -0.228
201412 -1.967 99.000 -2.182
201503 0.343 99.900 0.377
201506 -4.699 99.500 -5.185
201509 -1.116 100.500 -1.219
201512 -5.021 100.600 -5.480
201603 12.268 102.200 13.180
201606 2.783 101.400 3.014
201609 2.929 102.400 3.141
201612 -26.458 102.600 -28.315
201703 -5.015 103.200 -5.336
201706 -18.339 103.100 -19.531
201709 10.024 104.100 10.573
201712 10.776 104.500 11.323
201803 19.032 105.300 19.845
201806 21.265 104.900 22.258
201809 1.367 106.600 1.408
201812 -8.652 106.500 -8.920
201903 -8.783 107.700 -8.954
201906 -3.249 107.700 -3.312
201909 5.659 109.800 5.659

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.


Kingold Jewelry  (GREY:KGJI) 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.


Kingold Jewelry Cyclically Adjusted Price-to-FCF Related Terms

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


Kingold Jewelry (Kingold Jewelry) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023
Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.
Executives
H. David Sherman director 38 HOMEWOOD ROAD, NEWTON MA 02468
Bin Liu officer: CHIEF FINANCIAL OFFICER 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005

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