GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (HKSE:00149) » Definitions » Cyclically Adjusted Price-to-FCF

China Agri-Products Exchange (HKSE:00149) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


View and export this data going back to 1973. Start your Free Trial

What is China Agri-Products Exchange Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Agri-Products Exchange Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Agri-Products Exchange'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.

China Agri-Products Exchange Cyclically Adjusted Price-to-FCF Chart

China Agri-Products Exchange Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

China Agri-Products Exchange Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - - - - -

Competitive Comparison of China Agri-Products Exchange's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, China Agri-Products Exchange'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.


China Agri-Products Exchange's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Agri-Products Exchange's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Agri-Products Exchange's Cyclically Adjusted Price-to-FCF falls into.



China Agri-Products Exchange 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.

China Agri-Products Exchange's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, China Agri-Products Exchange's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.005/115.4269*115.4269
=0.005

Current CPI (Mar23) = 115.4269.

China Agri-Products Exchange Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 -69.213 91.132 -87.664
201312 -100.112 95.090 -121.523
201412 -23.527 99.707 -27.236
201512 -1.073 102.015 -1.214
201612 -0.032 103.225 -0.036
201712 -0.026 104.984 -0.029
201812 0.044 107.622 0.047
202103 0.029 111.579 0.030
202203 0.014 113.558 0.014
202303 0.005 115.427 0.005

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.


China Agri-Products Exchange  (HKSE:00149) 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.


China Agri-Products Exchange Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Agri-Products Exchange's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Agri-Products Exchange (HKSE:00149) Business Description

Traded in Other Exchanges
N/A
Address
39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.
Executives
Tang Ching Ho 2201 Interest of corporation controlled by you
Wang On Group Limited 2201 Interest of corporation controlled by you
Yau Yuk Yin 2202 Interest of your spouse
Wai Yuen Tong Medicine Holdings Limited 2201 Interest of corporation controlled by you
Easy One Financial Group Limited 2201 Interest of corporation controlled by you
Biomore Investments Limited 2201 Interest of corporation controlled by you
Goal Success Investments Limited 2101 Beneficial owner
Total Smart Investments Limited 2201 Interest of corporation controlled by you

China Agri-Products Exchange (HKSE:00149) Headlines

No Headlines