GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Shibei Hi-Tech Co Ltd (SHSE:600604) » Definitions » Cyclically Adjusted Price-to-FCF

Shanghai Shibei Hi-Tech Co (SHSE:600604) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


View and export this data going back to 1992. Start your Free Trial

What is Shanghai Shibei Hi-Tech Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Shibei Hi-Tech Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shanghai Shibei Hi-Tech 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.

Shanghai Shibei Hi-Tech Co Cyclically Adjusted Price-to-FCF Chart

Shanghai Shibei Hi-Tech 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 - - - - -

Shanghai Shibei Hi-Tech Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Shanghai Shibei Hi-Tech Co's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Shanghai Shibei Hi-Tech 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.


Shanghai Shibei Hi-Tech Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Shibei Hi-Tech Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shanghai Shibei Hi-Tech Co's Cyclically Adjusted Price-to-FCF falls into.



Shanghai Shibei Hi-Tech 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.

Shanghai Shibei Hi-Tech Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Shanghai Shibei Hi-Tech Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.106/114.6694*114.6694
=-0.106

Current CPI (Dec. 2023) = 114.6694.

Shanghai Shibei Hi-Tech Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.069 98.600 -0.080
201406 0.000 98.200 0.000
201409 -0.092 98.900 -0.107
201412 -0.461 99.000 -0.534
201503 -0.490 99.900 -0.562
201506 -0.066 99.500 -0.076
201509 -0.330 100.500 -0.377
201512 -0.110 100.600 -0.125
201603 -0.894 102.200 -1.003
201606 0.397 101.400 0.449
201609 0.312 102.400 0.349
201612 0.130 102.600 0.145
201703 -0.295 103.200 -0.328
201706 -0.362 103.100 -0.403
201709 -0.053 104.100 -0.058
201712 0.231 104.500 0.253
201803 -0.218 105.300 -0.237
201806 -0.082 104.900 -0.090
201809 -0.315 106.600 -0.339
201812 -1.671 106.500 -1.799
201903 -0.307 107.700 -0.327
201906 -0.055 107.700 -0.059
201909 0.024 109.800 0.025
201912 0.147 111.200 0.152
202003 -0.093 112.300 -0.095
202006 -0.786 110.400 -0.816
202009 0.160 111.700 0.164
202012 -0.094 111.500 -0.097
202103 -0.210 112.662 -0.214
202106 -0.002 111.769 -0.002
202109 -0.113 112.215 -0.115
202112 0.065 113.108 0.066
202203 -0.103 114.335 -0.103
202206 -0.032 114.558 -0.032
202209 0.032 115.339 0.032
202212 0.898 115.116 0.895
202303 0.001 115.116 0.001
202306 -0.050 114.558 -0.050
202309 -0.034 115.339 -0.034
202312 -0.106 114.669 -0.106

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.


Shanghai Shibei Hi-Tech Co  (SHSE:600604) 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.


Shanghai Shibei Hi-Tech Co Cyclically Adjusted Price-to-FCF Related Terms

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


Shanghai Shibei Hi-Tech Co (SHSE:600604) Business Description

Traded in Other Exchanges
Address
No. 262 Jiang Chang San Road, 1st Floor, Shanghai, CHN, 200434
Shanghai Shibei Hi-Tech Co Ltd is engaged in the business of development, operation, and integration of business services and industrial investment in the industrial park. It is focused on the development and management of Shibei Hi-tech Park in China.

Shanghai Shibei Hi-Tech Co (SHSE:600604) Headlines

No Headlines