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CGN New Energy Holdings Co (HKSE:01811) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is CGN New Energy Holdings Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CGN New Energy Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CGN New Energy Holdings 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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CGN New Energy Holdings Co Cyclically Adjusted Price-to-FCF Chart

CGN New Energy Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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CGN New Energy Holdings Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of CGN New Energy Holdings Co's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, CGN New Energy Holdings 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.


CGN New Energy Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CGN New Energy Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CGN New Energy Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



CGN New Energy Holdings 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.

CGN New Energy Holdings Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CGN New Energy Holdings Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.067/117.2957*117.2957
=0.067

Current CPI (Dec23) = 117.2957.

CGN New Energy Holdings Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.049 99.707 0.058
201512 0.236 102.015 0.271
201612 0.459 103.225 0.522
201712 0.251 104.984 0.280
201812 -0.329 107.622 -0.359
201912 -1.599 110.700 -1.694
202012 -2.051 109.711 -2.193
202112 -1.680 112.349 -1.754
202212 0.483 114.548 0.495
202312 0.067 117.296 0.067

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.


CGN New Energy Holdings Co  (HKSE:01811) 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.


CGN New Energy Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

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CGN New Energy Holdings Co (HKSE:01811) Business Description

Traded in Other Exchanges
Address
25 Harbour Road, 15th Floor, Harbour Centre, Wanchai, Hong Kong, HKG
CGN New Energy Holdings Co Ltd together with its subsidiaries is engaged in the generation and supply of electricity and steam, the construction and operation of power stations, and other associated facilities in PRC and Korea. The company has three reportable segments; Power plants in the PRC include the Generation and supply of electricity, Power plants in Korea include the Generation and supply of electricity, and Management companies include the Provision of management services to power plants operated by CGN and its subsidiaries.

CGN New Energy Holdings Co (HKSE:01811) Headlines

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