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Xiamen International Airport Co (SHSE:600897) Cyclically Adjusted Price-to-FCF : 21.25 (As of Apr. 29, 2024)


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What is Xiamen International Airport Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Xiamen International Airport Co's current share price is ¥14.45. Xiamen International Airport Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ¥0.68. Xiamen International Airport Co's Cyclically Adjusted Price-to-FCF for today is 21.25.

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

SHSE:600897' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.99   Med: 22.63   Max: 95.71
Current: 20.93

During the past years, Xiamen International Airport Co's highest Cyclically Adjusted Price-to-FCF was 95.71. The lowest was 14.99. And the median was 22.63.

SHSE:600897's Cyclically Adjusted Price-to-FCF is ranked worse than
55.29% of 416 companies
in the Transportation industry
Industry Median: 18.13 vs SHSE:600897: 20.93

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.

Xiamen International Airport Co's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ¥0.408. 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 ¥0.68 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xiamen International Airport Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Xiamen International Airport 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.

Xiamen International Airport Co Cyclically Adjusted Price-to-FCF Chart

Xiamen International Airport Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.28 23.05 17.19 16.94 18.14

Xiamen International Airport Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 15.22 18.14 18.81 22.49 19.22

Competitive Comparison of Xiamen International Airport Co's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, Xiamen International Airport 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.


Xiamen International Airport Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xiamen International Airport Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Xiamen International Airport Co's Cyclically Adjusted Price-to-FCF falls into.



Xiamen International Airport 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.

Xiamen International Airport Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.45/0.68
=21.25

* 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.

Xiamen International Airport Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Xiamen International Airport 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)
=0.408/115.3387*115.3387
=0.408

Current CPI (Sep. 2023) = 115.3387.

Xiamen International Airport Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.349 97.624 0.412
201403 0.193 98.600 0.226
201406 0.187 98.200 0.220
201409 0.174 98.900 0.203
201412 -1.816 99.000 -2.116
201503 -0.004 99.900 -0.005
201506 0.236 99.500 0.274
201509 0.061 100.500 0.070
201512 0.644 100.600 0.738
201603 0.193 102.200 0.218
201606 0.451 101.400 0.513
201609 0.173 102.400 0.195
201612 -1.169 102.600 -1.314
201703 -0.121 103.200 -0.135
201706 0.511 103.100 0.572
201709 -0.095 104.100 -0.105
201712 0.494 104.500 0.545
201803 0.088 105.300 0.096
201806 0.643 104.900 0.707
201809 0.497 106.600 0.538
201812 0.618 106.500 0.669
201903 -0.002 107.700 -0.002
201906 0.413 107.700 0.442
201909 0.392 109.800 0.412
201912 0.415 111.200 0.430
202003 0.123 112.300 0.126
202006 0.116 110.400 0.121
202009 0.325 111.700 0.336
202012 0.404 111.500 0.418
202103 0.067 112.662 0.069
202106 0.290 111.769 0.299
202109 0.450 112.215 0.463
202112 0.087 113.108 0.089
202203 -0.030 114.335 -0.030
202206 -0.001 114.558 -0.001
202209 0.053 115.339 0.053
202212 0.139 115.116 0.139
202303 0.029 115.116 0.029
202306 0.451 114.558 0.454
202309 0.408 115.339 0.408

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.


Xiamen International Airport Co  (SHSE:600897) 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.


Xiamen International Airport Co Cyclically Adjusted Price-to-FCF Related Terms

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Xiamen International Airport Co (SHSE:600897) Business Description

Traded in Other Exchanges
N/A
Address
Xiamen Gaoqi International Airport, Fujian Province, Xiamen, CHN, 361006
Xiamen International Airport Co Ltd is principally engaged in ground services of civil and international flights and passengers. The company is also involved in commercial property leasing services, advertising, cargo station and mechanical services.

Xiamen International Airport Co (SHSE:600897) Headlines

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