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Sichuan Changhong Electric Co (SHSE:600839) Cyclically Adjusted Price-to-FCF : 15.79 (As of May. 16, 2024)


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What is Sichuan Changhong Electric Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Sichuan Changhong Electric Co's current share price is ¥5.21. Sichuan Changhong Electric Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.33. Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF for today is 15.79.

The historical rank and industry rank for Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600839' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.51   Med: 13.19   Max: 29.55
Current: 15.89

During the past years, Sichuan Changhong Electric Co's highest Cyclically Adjusted Price-to-FCF was 29.55. The lowest was 6.51. And the median was 13.19.

SHSE:600839's Cyclically Adjusted Price-to-FCF is ranked better than
55.49% of 182 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 18.37 vs SHSE:600839: 15.89

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.

Sichuan Changhong Electric Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.710. 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 ¥0.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sichuan Changhong Electric Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sichuan Changhong Electric 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.

Sichuan Changhong Electric Co Cyclically Adjusted Price-to-FCF Chart

Sichuan Changhong Electric 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 26.78 14.76 9.47 6.39 13.17

Sichuan Changhong Electric 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 12.93 13.24 11.62 13.17 16.40

Competitive Comparison of Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Sichuan Changhong Electric 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.


Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF falls into.



Sichuan Changhong Electric 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.

Sichuan Changhong Electric Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.21/0.33
=15.79

* 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.

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

For example, Sichuan Changhong Electric 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)
=-0.71/114.6694*114.6694
=-0.710

Current CPI (Mar. 2024) = 114.6694.

Sichuan Changhong Electric Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.176 98.200 0.206
201409 -0.076 98.900 -0.088
201412 -0.012 99.000 -0.014
201503 -0.060 99.900 -0.069
201506 0.011 99.500 0.013
201509 0.436 100.500 0.497
201512 0.162 100.600 0.185
201603 0.040 102.200 0.045
201606 0.263 101.400 0.297
201609 0.001 102.400 0.001
201612 0.528 102.600 0.590
201703 -0.425 103.200 -0.472
201706 0.063 103.100 0.070
201709 0.217 104.100 0.239
201712 0.153 104.500 0.168
201803 -0.369 105.300 -0.402
201806 0.190 104.900 0.208
201809 0.226 106.600 0.243
201812 0.604 106.500 0.650
201903 -0.635 107.700 -0.676
201906 0.226 107.700 0.241
201909 0.039 109.800 0.041
201912 0.382 111.200 0.394
202003 -0.499 112.300 -0.510
202006 -0.019 110.400 -0.020
202009 -0.036 111.700 -0.037
202012 0.673 111.500 0.692
202103 -0.640 112.662 -0.651
202106 -0.035 111.769 -0.036
202109 0.535 112.215 0.547
202112 0.923 113.108 0.936
202203 -0.994 114.335 -0.997
202206 0.379 114.558 0.379
202209 0.559 115.339 0.556
202212 0.550 115.116 0.548
202303 -0.730 115.116 -0.727
202306 0.431 114.558 0.431
202309 0.105 115.339 0.104
202312 0.470 114.669 0.470
202403 -0.710 114.669 -0.710

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.


Sichuan Changhong Electric Co  (SHSE:600839) 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.


Sichuan Changhong Electric Co Cyclically Adjusted Price-to-FCF Related Terms

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Sichuan Changhong Electric Co (SHSE:600839) Business Description

Traded in Other Exchanges
N/A
Address
No. 35 Mianxing East Road, Gaoxing District, Mianyang, Sichuan, CHN, 621000
Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in Research and development, manufacturing and marketing of various series of products including TV, refrigerator, air conditioner, cell phone, electronic components, compressor.

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