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Huaming Power Equipment Co (SZSE:002270) Cyclically Adjusted Price-to-FCF : 110.00 (As of May. 15, 2024)


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What is Huaming Power Equipment Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Huaming Power Equipment Co's current share price is ¥22.00. Huaming Power Equipment Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.20. Huaming Power Equipment Co's Cyclically Adjusted Price-to-FCF for today is 110.00.

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

SZSE:002270' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 46.4   Med: 76.7   Max: 191.33
Current: 107.56

During the past years, Huaming Power Equipment Co's highest Cyclically Adjusted Price-to-FCF was 191.33. The lowest was 46.40. And the median was 76.70.

SZSE:002270's Cyclically Adjusted Price-to-FCF is ranked worse than
82.11% of 1034 companies
in the Industrial Products industry
Industry Median: 33.7 vs SZSE:002270: 107.56

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.

Huaming Power Equipment Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.157. 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 ¥0.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huaming Power Equipment Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Huaming Power Equipment 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.

Huaming Power Equipment Co Cyclically Adjusted Price-to-FCF Chart

Huaming Power Equipment 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 1,161.99 168.88 103.70 57.19 77.16

Huaming Power Equipment 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 71.90 62.25 77.95 77.16 89.92

Competitive Comparison of Huaming Power Equipment Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Huaming Power Equipment 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.


Huaming Power Equipment Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Huaming Power Equipment Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Huaming Power Equipment Co's Cyclically Adjusted Price-to-FCF falls into.



Huaming Power Equipment 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.

Huaming Power Equipment Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.00/0.2
=110.00

* 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.

Huaming Power Equipment Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Huaming Power Equipment 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)
=0.157/114.6694*114.6694
=0.157

Current CPI (Mar. 2024) = 114.6694.

Huaming Power Equipment Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.081 98.200 0.095
201409 -0.002 98.900 -0.002
201412 -0.009 99.000 -0.010
201503 0.001 99.900 0.001
201506 0.320 99.500 0.369
201509 -0.041 100.500 -0.047
201512 -0.051 100.600 -0.058
201603 0.003 102.200 0.003
201606 0.051 101.400 0.058
201609 -0.010 102.400 -0.011
201612 -0.249 102.600 -0.278
201703 -0.135 103.200 -0.150
201706 -0.488 103.100 -0.543
201709 -0.059 104.100 -0.065
201712 0.260 104.500 0.285
201803 -0.005 105.300 -0.005
201806 0.133 104.900 0.145
201809 -0.040 106.600 -0.043
201812 0.417 106.500 0.449
201903 -0.144 107.700 -0.153
201906 0.067 107.700 0.071
201909 0.012 109.800 0.013
201912 0.193 111.200 0.199
202003 0.036 112.300 0.037
202006 0.083 110.400 0.086
202009 0.136 111.700 0.140
202012 -0.066 111.500 -0.068
202103 -0.015 112.662 -0.015
202106 0.150 111.769 0.154
202109 0.090 112.215 0.092
202112 -0.006 113.108 -0.006
202203 0.104 114.335 0.104
202206 0.172 114.558 0.172
202209 0.086 115.339 0.086
202212 0.133 115.116 0.132
202303 -0.047 115.116 -0.047
202306 0.534 114.558 0.535
202309 0.065 115.339 0.065
202312 0.074 114.669 0.074
202403 0.157 114.669 0.157

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.


Huaming Power Equipment Co  (SZSE:002270) 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.


Huaming Power Equipment Co Cyclically Adjusted Price-to-FCF Related Terms

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Huaming Power Equipment Co (SZSE:002270) Business Description

Traded in Other Exchanges
N/A
Address
No. 977, Tongpu Road, Putuo District, Shanghai, CHN, 200333
Huaming Power Equipment Co Ltd is a Chinese company operating in the tap changer industry. Its products are on-load and off-circuit tap changers for transformeThat motor drive unit, online oil filter and other accessories. The products offered by the company is used in power grids and energy sector, chemical, metallurgical and railway projects, among others. The company offers products in the categories of OLTC and DETC. OLTC includes products of conventional type, vacuum type, dry type and gas insulated type, whereas DETC covers products of cage type and drum type.

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