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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Cyclically Adjusted Price-to-FCF : 142.00 (As of Apr. 27, 2024)


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What is Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Shandong Hualu-hengsheng Chemical Co's current share price is ¥28.40. Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.20. Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF for today is 142.00.

The historical rank and industry rank for Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600426' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 53.37   Med: 103.98   Max: 392.05
Current: 140.4

During the past years, Shandong Hualu-hengsheng Chemical Co's highest Cyclically Adjusted Price-to-FCF was 392.05. The lowest was 53.37. And the median was 103.98.

SHSE:600426's Cyclically Adjusted Price-to-FCF is ranked worse than
90.85% of 568 companies
in the Chemicals industry
Industry Median: 23.915 vs SHSE:600426: 140.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Shandong Hualu-hengsheng Chemical Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.108. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ¥0.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted Price-to-FCF Chart

Shandong Hualu-hengsheng Chemical 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 113.87 141.40 82.24 77.77 120.59

Shandong Hualu-hengsheng Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 92.47 94.27 121.92 120.59 129.32

Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.


Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF falls into.



Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.40/0.2
=142.00

* 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.

Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shandong Hualu-hengsheng Chemical 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)
=-0.108/114.6694*114.6694
=-0.108

Current CPI (Mar. 2024) = 114.6694.

Shandong Hualu-hengsheng Chemical Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.037 98.200 0.043
201409 0.043 98.900 0.050
201412 0.140 99.000 0.162
201503 0.306 99.900 0.351
201506 0.178 99.500 0.205
201509 0.275 100.500 0.314
201512 0.095 100.600 0.108
201603 0.151 102.200 0.169
201606 -0.037 101.400 -0.042
201609 -0.126 102.400 -0.141
201612 -0.115 102.600 -0.129
201703 -0.136 103.200 -0.151
201706 0.023 103.100 0.026
201709 -0.180 104.100 -0.198
201712 0.080 104.500 0.088
201803 0.219 105.300 0.238
201806 0.393 104.900 0.430
201809 0.403 106.600 0.434
201812 0.246 106.500 0.265
201903 0.578 107.700 0.615
201906 0.249 107.700 0.265
201909 0.111 109.800 0.116
201912 -0.049 111.200 -0.051
202003 -0.010 112.300 -0.010
202006 0.290 110.400 0.301
202009 -0.081 111.700 -0.083
202012 -0.019 111.500 -0.020
202103 0.270 112.662 0.275
202106 0.099 111.769 0.102
202109 0.099 112.215 0.101
202112 0.155 113.108 0.157
202203 0.671 114.335 0.673
202206 0.188 114.558 0.188
202209 -0.225 115.339 -0.224
202212 -0.618 115.116 -0.616
202303 -0.405 115.116 -0.403
202306 -0.542 114.558 -0.543
202309 -0.514 115.339 -0.511
202312 -0.425 114.669 -0.425
202403 -0.108 114.669 -0.108

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.


Shandong Hualu-hengsheng Chemical Co  (SHSE:600426) 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.


Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted Price-to-FCF Related Terms

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


Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Traded in Other Exchanges
N/A
Address
Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024
Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

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