GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (OTCPK:NDGPY) » Definitions » Cyclically Adjusted Price-to-FCF

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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

What is Nine Dragons Paper (Holdings) Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nine Dragons Paper (Holdings) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings) Cyclically Adjusted Price-to-FCF Chart

Nine Dragons Paper (Holdings) Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 62.83 51.37 - -

Nine Dragons Paper (Holdings) 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 - - - - -

Competitive Comparison of Nine Dragons Paper (Holdings)'s Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.


Nine Dragons Paper (Holdings)'s Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Cyclically Adjusted Price-to-FCF falls into.



Nine Dragons Paper (Holdings) 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.

Nine Dragons Paper (Holdings)'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Nine Dragons Paper (Holdings)'s adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=-6.412/114.5578*114.5578
=-6.412

Current CPI (Jun23) = 114.5578.

Nine Dragons Paper (Holdings) Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.624 98.200 0.728
201506 2.655 99.500 3.057
201606 3.006 101.400 3.396
201706 -0.064 103.100 -0.071
201806 1.330 104.900 1.452
201906 1.818 107.700 1.934
202006 2.501 110.400 2.595
202106 -2.351 111.769 -2.410
202206 -6.106 114.558 -6.106
202306 -6.412 114.558 -6.412

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.


Nine Dragons Paper (Holdings)  (OTCPK:NDGPY) 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.


Nine Dragons Paper (Holdings) Cyclically Adjusted Price-to-FCF Related Terms

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


Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Business Description

Traded in Other Exchanges
Address
No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Headlines