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Shenzhen Fortune Trend Technology Co (SHSE:688318) Cyclically Adjusted Price-to-FCF : 76.65 (As of Apr. 27, 2024)


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What is Shenzhen Fortune Trend Technology Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Shenzhen Fortune Trend Technology Co's current share price is ¥122.64. Shenzhen Fortune Trend Technology Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was ¥1.60. Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF for today is 76.65.

The historical rank and industry rank for Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:688318' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 44.52   Med: 64.7   Max: 82.86
Current: 64.75

During the past 13 years, Shenzhen Fortune Trend Technology Co's highest Cyclically Adjusted Price-to-FCF was 82.86. The lowest was 44.52. And the median was 64.70.

SHSE:688318's Cyclically Adjusted Price-to-FCF is ranked worse than
73.73% of 670 companies
in the Software industry
Industry Median: 28.305 vs SHSE:688318: 64.75

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.

Shenzhen Fortune Trend Technology Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was ¥1.673. 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 ¥1.60 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenzhen Fortune Trend Technology Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shenzhen Fortune Trend Technology 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.

Shenzhen Fortune Trend Technology Co Cyclically Adjusted Price-to-FCF Chart

Shenzhen Fortune Trend Technology 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 - 82.72 54.65 42.23 79.13

Shenzhen Fortune Trend Technology Co 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 42.23 - - - 79.13

Competitive Comparison of Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Shenzhen Fortune Trend Technology 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.


Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF falls into.



Shenzhen Fortune Trend Technology 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.

Shenzhen Fortune Trend Technology Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=122.64/1.6
=76.65

* 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.

Shenzhen Fortune Trend Technology Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Shenzhen Fortune Trend Technology Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.673/114.6694*114.6694
=1.673

Current CPI (Dec23) = 114.6694.

Shenzhen Fortune Trend Technology Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.895 99.000 1.037
201512 1.599 100.600 1.823
201612 1.397 102.600 1.561
201712 1.378 104.500 1.512
201812 1.376 106.500 1.482
201912 1.594 111.200 1.644
202012 1.941 111.500 1.996
202112 1.861 113.108 1.887
202212 1.352 115.116 1.347
202312 1.673 114.669 1.673

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.


Shenzhen Fortune Trend Technology Co  (SHSE:688318) 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.


Shenzhen Fortune Trend Technology Co Cyclically Adjusted Price-to-FCF Related Terms

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Shenzhen Fortune Trend Technology Co (SHSE:688318) Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Kaifeng Road, Meilin Street, Room 808, 8th Floor, Huachao Building, Meilin Community, Guangdong, Futian District, Shenzhen, CHN, 518049
Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.

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