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Fujian Zhangzhou Development Co (SZSE:000753) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Fujian Zhangzhou Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujian Zhangzhou Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fujian Zhangzhou Development 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.

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Fujian Zhangzhou Development Co Cyclically Adjusted Price-to-FCF Chart

Fujian Zhangzhou Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Fujian Zhangzhou Development Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Fujian Zhangzhou Development Co's Cyclically Adjusted Price-to-FCF

For the Auto & Truck Dealerships subindustry, Fujian Zhangzhou Development 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.


Fujian Zhangzhou Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fujian Zhangzhou Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fujian Zhangzhou Development Co's Cyclically Adjusted Price-to-FCF falls into.



Fujian Zhangzhou Development 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.

Fujian Zhangzhou Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fujian Zhangzhou Development Co'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)
=-0.016/114.6694*114.6694
=-0.016

Current CPI (Dec. 2023) = 114.6694.

Fujian Zhangzhou Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.296 98.600 -0.344
201406 -0.463 98.200 -0.541
201409 -0.216 98.900 -0.250
201412 0.242 99.000 0.280
201503 -0.146 99.900 -0.168
201506 0.052 99.500 0.060
201509 0.020 100.500 0.023
201512 -0.079 100.600 -0.090
201603 -0.088 102.200 -0.099
201606 -0.072 101.400 -0.081
201609 -0.026 102.400 -0.029
201612 0.019 102.600 0.021
201703 -0.031 103.200 -0.034
201706 0.145 103.100 0.161
201709 0.182 104.100 0.200
201712 0.327 104.500 0.359
201803 -0.051 105.300 -0.056
201806 -0.068 104.900 -0.074
201809 0.133 106.600 0.143
201812 -0.282 106.500 -0.304
201903 0.123 107.700 0.131
201906 0.126 107.700 0.134
201909 0.179 109.800 0.187
201912 -0.337 111.200 -0.348
202003 -0.353 112.300 -0.360
202006 -0.228 110.400 -0.237
202009 -0.188 111.700 -0.193
202012 -0.363 111.500 -0.373
202103 -0.745 112.662 -0.758
202106 -0.133 111.769 -0.136
202109 -0.236 112.215 -0.241
202112 -0.104 113.108 -0.105
202203 -0.221 114.335 -0.222
202206 -0.062 114.558 -0.062
202209 -0.029 115.339 -0.029
202212 0.618 115.116 0.616
202303 -0.252 115.116 -0.251
202306 -0.212 114.558 -0.212
202309 -0.081 115.339 -0.081
202312 -0.016 114.669 -0.016

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.


Fujian Zhangzhou Development Co  (SZSE:000753) 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.


Fujian Zhangzhou Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Fujian Zhangzhou Development Co (SZSE:000753) Business Description

Traded in Other Exchanges
N/A
Address
Shenli East Road, Zhangzhou Development Square, Fujian Province, Zhangzhou, CHN, 363000
Fujian Zhangzhou Development Co Ltd is engaged in the automobile trading business in China. Further, it is engaged in urban water supply services, construction of urban infrastructure, investment, and development of highways, real estate development, and automotive trade in China's domestic market.

Fujian Zhangzhou Development Co (SZSE:000753) Headlines

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