GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » Cyclically Adjusted Price-to-FCF

Advanced Technology & Materials Co (SZSE:000969) Cyclically Adjusted Price-to-FCF : 36.96 (As of May. 15, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Advanced Technology & Materials Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Advanced Technology & Materials Co's current share price is ¥8.87. Advanced Technology & Materials Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.24. Advanced Technology & Materials Co's Cyclically Adjusted Price-to-FCF for today is 36.96.

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

SZSE:000969' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.28   Med: 52.57   Max: 356
Current: 37.56

During the past years, Advanced Technology & Materials Co's highest Cyclically Adjusted Price-to-FCF was 356.00. The lowest was 27.28. And the median was 52.57.

SZSE:000969's Cyclically Adjusted Price-to-FCF is ranked worse than
66.39% of 244 companies
in the Metals & Mining industry
Industry Median: 21.325 vs SZSE:000969: 37.56

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.

Advanced Technology & Materials Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.361. 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 ¥0.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Technology & Materials Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Advanced Technology & Materials 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.

Advanced Technology & Materials Co Cyclically Adjusted Price-to-FCF Chart

Advanced Technology & Materials 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 - 148.04 74.68 41.23 36.59

Advanced Technology & Materials Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 51.03 53.31 47.90 36.59 36.61

Competitive Comparison of Advanced Technology & Materials Co's Cyclically Adjusted Price-to-FCF

For the Other Industrial Metals & Mining subindustry, Advanced Technology & Materials 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.


Advanced Technology & Materials Co's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Advanced Technology & Materials Co's Cyclically Adjusted Price-to-FCF falls into.



Advanced Technology & Materials 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.

Advanced Technology & Materials Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.87/0.24
=36.96

* 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.

Advanced Technology & Materials Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Advanced Technology & Materials Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.361/114.6694*114.6694
=-0.361

Current CPI (Mar. 2024) = 114.6694.

Advanced Technology & Materials Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.013 98.200 0.015
201409 0.019 98.900 0.022
201412 0.029 99.000 0.034
201503 -0.245 99.900 -0.281
201506 0.096 99.500 0.111
201509 0.006 100.500 0.007
201512 0.341 100.600 0.389
201603 -0.105 102.200 -0.118
201606 -0.008 101.400 -0.009
201609 -0.058 102.400 -0.065
201612 0.094 102.600 0.105
201703 -0.273 103.200 -0.303
201706 -0.010 103.100 -0.011
201709 -0.022 104.100 -0.024
201712 0.187 104.500 0.205
201803 -0.113 105.300 -0.123
201806 -0.046 104.900 -0.050
201809 -0.016 106.600 -0.017
201812 0.315 106.500 0.339
201903 0.033 107.700 0.035
201906 0.177 107.700 0.188
201909 0.095 109.800 0.099
201912 0.308 111.200 0.318
202003 0.077 112.300 0.079
202006 0.111 110.400 0.115
202009 0.068 111.700 0.070
202012 0.281 111.500 0.289
202103 -0.129 112.662 -0.131
202106 -0.023 111.769 -0.024
202109 0.147 112.215 0.150
202112 0.504 113.108 0.511
202203 -0.315 114.335 -0.316
202206 0.082 114.558 0.082
202209 0.090 115.339 0.089
202212 0.473 115.116 0.471
202303 -0.255 115.116 -0.254
202306 0.042 114.558 0.042
202309 0.043 115.339 0.043
202312 0.692 114.669 0.692
202403 -0.361 114.669 -0.361

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.


Advanced Technology & Materials Co  (SZSE:000969) 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.


Advanced Technology & Materials Co Cyclically Adjusted Price-to-FCF Related Terms

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


Advanced Technology & Materials Co (SZSE:000969) Business Description

Traded in Other Exchanges
N/A
Address
No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081
Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.

Advanced Technology & Materials Co (SZSE:000969) Headlines

No Headlines