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China Railway Group (SHSE:601390) Cyclically Adjusted Price-to-FCF : 69.80 (As of Apr. 28, 2024)


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What is China Railway Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), China Railway Group's current share price is ¥6.98. China Railway Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ¥0.10. China Railway Group's Cyclically Adjusted Price-to-FCF for today is 69.80.

The historical rank and industry rank for China Railway Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:601390' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 36.8   Med: 131.88   Max: 464.5
Current: 71.8

During the past years, China Railway Group's highest Cyclically Adjusted Price-to-FCF was 464.50. The lowest was 36.80. And the median was 131.88.

SHSE:601390's Cyclically Adjusted Price-to-FCF is ranked worse than
88.16% of 566 companies
in the Construction industry
Industry Median: 17.73 vs SHSE:601390: 71.80

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.

China Railway Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ¥2.541. 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 ¥0.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Railway Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Railway Group'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.

China Railway Group Cyclically Adjusted Price-to-FCF Chart

China Railway Group 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 133.79 51.21 42.19 36.57 58.42

China Railway Group 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 36.57 332.68 - - 58.42

Competitive Comparison of China Railway Group's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, China Railway Group'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.


China Railway Group's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Railway Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Railway Group's Cyclically Adjusted Price-to-FCF falls into.



China Railway Group 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.

China Railway Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.98/0.1
=69.80

* 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.

China Railway Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, China Railway Group'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)
=2.541/117.2957*117.2957
=2.541

Current CPI (Dec. 2023) = 117.2957.

China Railway Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.619 95.749 -0.758
201406 -0.065 96.409 -0.079
201409 -0.002 97.948 -0.002
201412 1.110 99.707 1.306
201503 -0.409 99.927 -0.480
201506 -0.537 99.267 -0.635
201509 0.270 99.927 0.317
201512 1.319 102.015 1.517
201603 -0.309 102.785 -0.353
201606 -0.048 101.686 -0.055
201609 0.133 102.565 0.152
201612 1.941 103.225 2.206
201703 -0.971 103.335 -1.102
201706 -0.359 103.664 -0.406
201709 0.471 103.994 0.531
201712 1.743 104.984 1.947
201803 -1.274 105.973 -1.410
201806 -0.244 106.193 -0.270
201809 -0.216 106.852 -0.237
201812 1.316 107.622 1.434
201903 -1.659 108.172 -1.799
201906 -0.545 109.601 -0.583
201909 0.306 110.260 0.326
201912 2.177 110.700 2.307
202003 -1.786 110.920 -1.889
202006 -0.542 110.590 -0.575
202009 0.082 107.512 0.089
202012 1.954 109.711 2.089
202103 -1.471 111.579 -1.546
202106 -1.265 111.360 -1.332
202109 0.054 109.051 0.058
202112 1.570 112.349 1.639
202203 -2.217 113.558 -2.290
202206 -0.072 113.448 -0.074
202209 -0.221 113.778 -0.228
202212 1.824 114.548 1.868
202303 -1.775 115.427 -1.804
202306 -0.418 115.647 -0.424
202309 -1.012 116.087 -1.023
202312 2.541 117.296 2.541

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.


China Railway Group  (SHSE:601390) 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.


China Railway Group Cyclically Adjusted Price-to-FCF Related Terms

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China Railway Group (SHSE:601390) Business Description

Traded in Other Exchanges
Address
49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG
China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.

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