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Zhejiang Crystal-OpTech Co (SZSE:002273) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is Zhejiang Crystal-OpTech Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Crystal-OpTech Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Crystal-OpTech 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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Zhejiang Crystal-OpTech Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Crystal-OpTech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zhejiang Crystal-OpTech Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Zhejiang Crystal-OpTech Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Zhejiang Crystal-OpTech 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.


Zhejiang Crystal-OpTech Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Crystal-OpTech Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhejiang Crystal-OpTech Co's Cyclically Adjusted Price-to-FCF falls into.



Zhejiang Crystal-OpTech 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.

Zhejiang Crystal-OpTech Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang Crystal-OpTech 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)
=-0.028/114.6694*114.6694
=-0.028

Current CPI (Mar. 2024) = 114.6694.

Zhejiang Crystal-OpTech Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.094 98.200 -0.110
201409 -0.042 98.900 -0.049
201412 0.019 99.000 0.022
201503 -0.024 99.900 -0.028
201506 0.024 99.500 0.028
201509 0.011 100.500 0.013
201512 -0.059 100.600 -0.067
201603 -0.054 102.200 -0.061
201606 -0.013 101.400 -0.015
201609 -0.036 102.400 -0.040
201612 -0.021 102.600 -0.023
201703 -0.102 103.200 -0.113
201706 0.020 103.100 0.022
201709 0.004 104.100 0.004
201712 -0.161 104.500 -0.177
201803 -0.075 105.300 -0.082
201806 -0.047 104.900 -0.051
201809 -0.111 106.600 -0.119
201812 0.133 106.500 0.143
201903 -0.082 107.700 -0.087
201906 -0.066 107.700 -0.070
201909 -0.131 109.800 -0.137
201912 0.039 111.200 0.040
202003 -0.007 112.300 -0.007
202006 0.015 110.400 0.016
202009 0.012 111.700 0.012
202012 -0.042 111.500 -0.043
202103 -0.009 112.662 -0.009
202106 -0.124 111.769 -0.127
202109 0.007 112.215 0.007
202112 -0.023 113.108 -0.023
202203 -0.164 114.335 -0.164
202206 -0.048 114.558 -0.048
202209 0.067 115.339 0.067
202212 0.045 115.116 0.045
202303 -0.157 115.116 -0.156
202306 -0.126 114.558 -0.126
202309 0.013 115.339 0.013
202312 0.364 114.669 0.364
202403 -0.028 114.669 -0.028

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.


Zhejiang Crystal-OpTech Co  (SZSE:002273) 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.


Zhejiang Crystal-OpTech Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Crystal-OpTech Co (SZSE:002273) Business Description

Traded in Other Exchanges
N/A
Address
Tower A5, Xingxing Electronic Industrial Zone, Jiaojiang District, Zhejiang, Taizhou, CHN, 318015
Zhejiang Crystal-OpTech Co Ltd is a China-based high-tech company. It is engaged in the research, development, manufacture, and sale of optoelectronic components. The main products of the company are applied to the digital camera, mobile phone camera, security monitoring camera, computer camera and other digital camera lenses, semiconductor illumination, micro projector, smart glasses, road traffic mark and safety protection. The company has the precise optical cold working technology, super-hard material optical process technology, precise optical film, semiconductor process, coating, and embedding core technologies.

Zhejiang Crystal-OpTech Co (SZSE:002273) Headlines

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