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China Fortune Land Development Co (SHSE:600340) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is China Fortune Land Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Fortune Land Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Fortune Land Development 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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China Fortune Land Development Co Cyclically Adjusted Price-to-FCF Chart

China Fortune Land Development Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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China Fortune Land Development Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of China Fortune Land Development Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, China Fortune Land Development 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 Fortune Land Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Fortune Land Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Fortune Land Development Co's Cyclically Adjusted Price-to-FCF falls into.



China Fortune Land Development 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 Fortune Land Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, China Fortune Land Development Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.366/115.3387*115.3387
=-0.366

Current CPI (Sep. 2023) = 115.3387.

China Fortune Land Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -1.010 97.624 -1.193
201403 -0.561 98.600 -0.656
201406 0.049 98.200 0.058
201409 -0.679 98.900 -0.792
201412 -0.501 99.000 -0.584
201503 -0.486 99.900 -0.561
201506 -0.219 99.500 -0.254
201509 1.141 100.500 1.309
201512 1.379 100.600 1.581
201603 -1.133 102.200 -1.279
201606 -0.547 101.400 -0.622
201609 1.111 102.400 1.251
201612 1.594 102.600 1.792
201703 -0.897 103.200 -1.003
201706 -0.696 103.100 -0.779
201709 -4.638 104.100 -5.139
201712 0.863 104.500 0.953
201803 -2.603 105.300 -2.851
201806 0.261 104.900 0.287
201809 -0.117 106.600 -0.127
201812 -0.130 106.500 -0.141
201903 -3.916 107.700 -4.194
201906 -1.306 107.700 -1.399
201909 -5.489 109.800 -5.766
201912 1.601 111.200 1.661
202003 -4.141 112.300 -4.253
202006 -2.763 110.400 -2.887
202009 -1.952 111.700 -2.016
202012 0.247 111.500 0.256
202103 -0.814 112.662 -0.833
202106 -0.630 111.769 -0.650
202109 -0.110 112.215 -0.113
202112 0.392 113.108 0.400
202203 0.029 114.335 0.029
202206 0.192 114.558 0.193
202209 0.066 115.339 0.066
202212 -0.449 115.116 -0.450
202303 0.041 115.116 0.041
202306 -0.003 114.558 -0.003
202309 -0.366 115.339 -0.366

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 Fortune Land Development Co  (SHSE:600340) 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 Fortune Land Development Co Cyclically Adjusted Price-to-FCF Related Terms

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China Fortune Land Development Co (SHSE:600340) Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027
China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.

China Fortune Land Development Co (SHSE:600340) Headlines

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