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Hengli Petrochemical Co (SHSE:600346) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Hengli Petrochemical Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hengli Petrochemical Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hengli Petrochemical 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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Hengli Petrochemical Co Cyclically Adjusted Price-to-FCF Chart

Hengli Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hengli Petrochemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Hengli Petrochemical Co's Cyclically Adjusted Price-to-FCF

For the Textile Manufacturing subindustry, Hengli Petrochemical 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.


Hengli Petrochemical Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hengli Petrochemical Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hengli Petrochemical 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.

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

For example, Hengli Petrochemical Co'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)
=-0.312/114.6694*114.6694
=-0.312

Current CPI (Mar. 2024) = 114.6694.

Hengli Petrochemical Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.074 98.200 0.086
201409 -0.127 98.900 -0.147
201412 0.191 99.000 0.221
201503 -0.251 99.900 -0.288
201506 0.281 99.500 0.324
201509 0.520 100.500 0.593
201512 -0.120 100.600 -0.137
201603 0.378 102.200 0.424
201606 -0.417 101.400 -0.472
201609 -0.126 102.400 -0.141
201612 0.265 102.600 0.296
201703 -0.620 103.200 -0.689
201706 -0.293 103.100 -0.326
201709 -0.276 104.100 -0.304
201712 -0.913 104.500 -1.002
201803 -0.936 105.300 -1.019
201806 -1.067 104.900 -1.166
201809 -1.351 106.600 -1.453
201812 -1.117 106.500 -1.203
201903 -1.200 107.700 -1.278
201906 -0.447 107.700 -0.476
201909 0.443 109.800 0.463
201912 -2.308 111.200 -2.380
202003 -0.151 112.300 -0.154
202006 -0.314 110.400 -0.326
202009 0.420 111.700 0.431
202012 0.071 111.500 0.073
202103 0.288 112.662 0.293
202106 1.135 111.769 1.164
202109 -0.132 112.215 -0.135
202112 -0.546 113.108 -0.554
202203 0.558 114.335 0.560
202206 0.020 114.558 0.020
202209 0.007 115.339 0.007
202212 -0.565 115.116 -0.563
202303 0.680 115.116 0.677
202306 -1.735 114.558 -1.737
202309 -0.116 115.339 -0.115
202312 -1.186 114.669 -1.186
202403 -0.312 114.669 -0.312

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.


Hengli Petrochemical Co  (SHSE:600346) 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.


Hengli Petrochemical Co Cyclically Adjusted Price-to-FCF Related Terms

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Hengli Petrochemical Co (SHSE:600346) Business Description

Traded in Other Exchanges
N/A
Address
No.1, South Hengli Road, Shengze Town, Wujiang District, Jiangsu, Suzhou, CHN
Hengli Petrochemical Co Ltd is in the business of textile yarn, industrial yarn and thermal power. The Company's products include civil polyester filament, industrial polyester filament polyester chips and energy.

Hengli Petrochemical Co (SHSE:600346) Headlines

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