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Top Score Fashion Co (SHSE:603608) Cyclically Adjusted Price-to-FCF : 19.14 (As of Apr. 27, 2024)


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What is Top Score Fashion Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Top Score Fashion Co's current share price is ¥4.21. Top Score Fashion Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ¥0.22. Top Score Fashion Co's Cyclically Adjusted Price-to-FCF for today is 19.14.

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

SHSE:603608' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.68   Med: 22.91   Max: 26.27
Current: 19.47

During the past years, Top Score Fashion Co's highest Cyclically Adjusted Price-to-FCF was 26.27. The lowest was 15.68. And the median was 22.91.

SHSE:603608's Cyclically Adjusted Price-to-FCF is ranked worse than
51.94% of 360 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.385 vs SHSE:603608: 19.47

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.

Top Score Fashion Co's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ¥-0.011. 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 ¥0.22 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Top Score Fashion Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Top Score Fashion 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.

Top Score Fashion Co Cyclically Adjusted Price-to-FCF Chart

Top Score Fashion Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Top Score Fashion 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 - - - - 21.73

Competitive Comparison of Top Score Fashion Co's Cyclically Adjusted Price-to-FCF

For the Footwear & Accessories subindustry, Top Score Fashion 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.


Top Score Fashion Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Top Score Fashion Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Top Score Fashion Co's Cyclically Adjusted Price-to-FCF falls into.



Top Score Fashion 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.

Top Score Fashion Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.21/0.22
=19.14

* 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.

Top Score Fashion Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Top Score Fashion 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)
=-0.011/115.3387*115.3387
=-0.011

Current CPI (Sep. 2023) = 115.3387.

Top Score Fashion Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201409 0.000 98.900 0.000
201412 0.000 99.000 0.000
201503 -0.017 99.900 -0.020
201506 0.158 99.500 0.183
201509 -0.019 100.500 -0.022
201512 0.150 100.600 0.172
201603 0.050 102.200 0.056
201606 0.241 101.400 0.274
201609 0.070 102.400 0.079
201612 -0.115 102.600 -0.129
201703 0.023 103.200 0.026
201706 0.255 103.100 0.285
201709 -0.022 104.100 -0.024
201712 0.117 104.500 0.129
201803 0.042 105.300 0.046
201806 0.303 104.900 0.333
201809 0.079 106.600 0.085
201812 0.057 106.500 0.062
201903 -0.005 107.700 -0.005
201906 0.170 107.700 0.182
201909 0.056 109.800 0.059
201912 0.143 111.200 0.148
202003 0.036 112.300 0.037
202006 0.157 110.400 0.164
202009 -0.025 111.700 -0.026
202012 0.191 111.500 0.198
202103 -0.132 112.662 -0.135
202106 0.076 111.769 0.078
202109 -0.097 112.215 -0.100
202112 -0.343 113.108 -0.350
202203 -0.145 114.335 -0.146
202206 0.114 114.558 0.115
202209 0.105 115.339 0.105
202212 -0.059 115.116 -0.059
202303 0.024 115.116 0.024
202306 0.082 114.558 0.083
202309 -0.011 115.339 -0.011

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.


Top Score Fashion Co  (SHSE:603608) 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.


Top Score Fashion Co Cyclically Adjusted Price-to-FCF Related Terms

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


Top Score Fashion Co (SHSE:603608) Business Description

Traded in Other Exchanges
N/A
Address
No. 31, Yinsha Street, Dongyong Town, Nansha District, Guangdon, Guangzhou, CHN
Top Score Fashion Co Ltd provides women's footwear products primarily in China. It offers leather, fur, and feather footwear products under the KISSCAT, Kiss Kitty, ZSAZSAZSU, tigrisso, and Patricia brands.

Top Score Fashion Co (SHSE:603608) Headlines

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