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CMOC Group (SHSE:603993) Cyclically Adjusted Price-to-FCF : 40.35 (As of Apr. 27, 2024)


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What is CMOC Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), CMOC Group's current share price is ¥9.28. CMOC Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ¥0.23. CMOC Group's Cyclically Adjusted Price-to-FCF for today is 40.35.

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

SHSE:603993' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.85   Med: 24.4   Max: 41.5
Current: 39.65

During the past years, CMOC Group's highest Cyclically Adjusted Price-to-FCF was 41.50. The lowest was 10.85. And the median was 24.40.

SHSE:603993's Cyclically Adjusted Price-to-FCF is ranked worse than
67.06% of 252 companies
in the Metals & Mining industry
Industry Median: 20.745 vs SHSE:603993: 39.65

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.

CMOC Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ¥0.060. 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 ¥0.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CMOC Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CMOC 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.

CMOC Group Cyclically Adjusted Price-to-FCF Chart

CMOC 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 19.59 32.57 24.60 19.53 22.45

CMOC 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 19.53 24.64 21.97 27.39 22.45

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

For the Other Industrial Metals & Mining subindustry, CMOC 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.


CMOC Group's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CMOC Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CMOC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.28/0.23
=40.35

* 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.

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

For example, CMOC 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)
=0.06/114.6694*114.6694
=0.060

Current CPI (Dec. 2023) = 114.6694.

CMOC Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.024 98.600 0.028
201406 0.043 98.200 0.050
201409 0.028 98.900 0.032
201412 0.103 99.000 0.119
201503 -0.009 99.900 -0.010
201506 0.076 99.500 0.088
201509 0.016 100.500 0.018
201512 -0.031 100.600 -0.035
201603 0.014 102.200 0.016
201606 0.009 101.400 0.010
201609 0.017 102.400 0.019
201612 0.083 102.600 0.093
201703 0.085 103.200 0.094
201706 0.098 103.100 0.109
201709 0.105 104.100 0.116
201712 0.093 104.500 0.102
201803 0.107 105.300 0.117
201806 0.102 104.900 0.111
201809 0.108 106.600 0.116
201812 -0.009 106.500 -0.010
201903 -0.001 107.700 -0.001
201906 0.053 107.700 0.056
201909 -0.070 109.800 -0.073
201912 -0.033 111.200 -0.034
202003 0.252 112.300 0.257
202006 -0.103 110.400 -0.107
202009 0.226 111.700 0.232
202012 -0.331 111.500 -0.340
202103 0.088 112.662 0.090
202106 -0.090 111.769 -0.092
202109 0.003 112.215 0.003
202112 0.093 113.108 0.094
202203 -0.123 114.335 -0.123
202206 0.342 114.558 0.342
202209 0.017 115.339 0.017
202212 -0.007 115.116 -0.007
202303 0.093 115.116 0.093
202306 0.010 114.558 0.010
202309 -0.042 115.339 -0.042
202312 0.060 114.669 0.060

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.


CMOC Group  (SHSE:603993) 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.


CMOC Group Cyclically Adjusted Price-to-FCF Related Terms

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


CMOC Group (SHSE:603993) Business Description

Traded in Other Exchanges
Address
North of Yihe, Huamei Shan Road, Chengdong New District, Luanchuan County, Henan Province, Luoyang, CHN, 471500
CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research, and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China.

CMOC Group (SHSE:603993) Headlines

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