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Nanjing Central Emporium Group Stocks Co (SHSE:600280) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Nanjing Central Emporium Group Stocks Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanjing Central Emporium Group Stocks Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nanjing Central Emporium Group Stocks 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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Nanjing Central Emporium Group Stocks Co Cyclically Adjusted Price-to-FCF Chart

Nanjing Central Emporium Group Stocks Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Nanjing Central Emporium Group Stocks 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 Nanjing Central Emporium Group Stocks Co's Cyclically Adjusted Price-to-FCF

For the Department Stores subindustry, Nanjing Central Emporium Group Stocks 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.


Nanjing Central Emporium Group Stocks Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nanjing Central Emporium Group Stocks Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Nanjing Central Emporium Group Stocks Co's Cyclically Adjusted Price-to-FCF falls into.



Nanjing Central Emporium Group Stocks 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.

Nanjing Central Emporium Group Stocks Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Nanjing Central Emporium Group Stocks 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)
=0.068/115.2271*115.2271
=0.068

Current CPI (Mar. 2024) = 115.2271.

Nanjing Central Emporium Group Stocks Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.049 98.200 -0.057
201409 0.301 98.900 0.351
201412 -1.202 99.000 -1.399
201503 0.187 99.900 0.216
201506 -0.146 99.500 -0.169
201509 -1.122 100.500 -1.286
201512 -0.162 100.600 -0.186
201603 0.570 102.200 0.643
201606 -0.686 101.400 -0.780
201609 0.122 102.400 0.137
201612 0.574 102.600 0.645
201703 -0.206 103.200 -0.230
201706 0.122 103.100 0.136
201709 -0.085 104.100 -0.094
201712 0.549 104.500 0.605
201803 -0.310 105.300 -0.339
201806 0.257 104.900 0.282
201809 -0.472 106.600 -0.510
201812 0.175 106.500 0.189
201903 -0.025 107.700 -0.027
201906 0.222 107.700 0.238
201909 0.017 109.800 0.018
201912 0.124 111.200 0.128
202003 -0.203 112.300 -0.208
202006 -0.074 110.400 -0.077
202009 0.040 111.700 0.041
202012 0.244 111.500 0.252
202103 0.046 112.662 0.047
202106 0.088 111.769 0.091
202109 0.044 112.215 0.045
202112 0.238 113.108 0.242
202203 0.004 114.335 0.004
202206 0.130 114.558 0.131
202209 0.080 115.339 0.080
202212 0.058 115.116 0.058
202303 0.129 115.116 0.129
202306 0.086 114.558 0.087
202309 0.037 115.339 0.037
202312 0.203 114.781 0.204
202403 0.068 115.227 0.068

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.


Nanjing Central Emporium Group Stocks Co  (SHSE:600280) 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.


Nanjing Central Emporium Group Stocks Co Cyclically Adjusted Price-to-FCF Related Terms

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Nanjing Central Emporium Group Stocks Co (SHSE:600280) Business Description

Traded in Other Exchanges
N/A
Address
No. 79 Zhongshan South Road, Baixia District, Nanjing, Jiangsu, CHN, 210005
Nanjing Central Emporium Group Stocks Co Ltd is a Chinese company which operates retail department stores.

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