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China National Medicines (SHSE:600511) Cyclically Adjusted Price-to-FCF : 21.67 (As of May. 24, 2024)


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What is China National Medicines Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), China National Medicines's current share price is ¥34.67. China National Medicines's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.60. China National Medicines's Cyclically Adjusted Price-to-FCF for today is 21.67.

The historical rank and industry rank for China National Medicines's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600511' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.54   Med: 57.53   Max: 208.38
Current: 22.24

During the past years, China National Medicines's highest Cyclically Adjusted Price-to-FCF was 208.38. The lowest was 15.54. And the median was 57.53.

SHSE:600511's Cyclically Adjusted Price-to-FCF is ranked better than
59.37% of 32 companies
in the Medical Distribution industry
Industry Median: 26.27 vs SHSE:600511: 22.24

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.

China National Medicines's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-2.305. 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 ¥1.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China National Medicines Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China National Medicines'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 National Medicines Cyclically Adjusted Price-to-FCF Chart

China National Medicines 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 37.66 60.43 26.58 18.57 15.68

China National Medicines 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 27.70 26.79 22.44 15.68 20.68

Competitive Comparison of China National Medicines's Cyclically Adjusted Price-to-FCF

For the Medical Distribution subindustry, China National Medicines'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 National Medicines's Cyclically Adjusted Price-to-FCF Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Medicines's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China National Medicines's Cyclically Adjusted Price-to-FCF falls into.



China National Medicines 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 National Medicines's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=34.67/1.6
=21.67

* 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.

China National Medicines's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China National Medicines'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)
=-2.305/115.2271*115.2271
=-2.305

Current CPI (Mar. 2024) = 115.2271.

China National Medicines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.203 98.200 0.238
201409 0.184 98.900 0.214
201412 -0.290 99.000 -0.338
201503 0.454 99.900 0.524
201506 0.251 99.500 0.291
201509 -0.040 100.500 -0.046
201512 0.112 100.600 0.128
201603 0.479 102.200 0.540
201606 0.453 101.400 0.515
201609 -0.394 102.400 -0.443
201612 0.902 102.600 1.013
201703 -0.455 103.200 -0.508
201706 -0.252 103.100 -0.282
201709 -0.158 104.100 -0.175
201712 2.122 104.500 2.340
201803 0.007 105.300 0.008
201806 0.607 104.900 0.667
201809 0.467 106.600 0.505
201812 0.026 106.500 0.028
201903 -1.147 107.700 -1.227
201906 1.992 107.700 2.131
201909 0.486 109.800 0.510
201912 0.892 111.200 0.924
202003 -1.548 112.300 -1.588
202006 2.710 110.400 2.828
202009 -0.653 111.700 -0.674
202012 1.123 111.500 1.161
202103 -1.608 112.662 -1.645
202106 2.634 111.769 2.715
202109 -0.711 112.215 -0.730
202112 2.153 113.108 2.193
202203 -1.763 114.335 -1.777
202206 1.753 114.558 1.763
202209 -0.373 115.339 -0.373
202212 3.386 115.116 3.389
202303 -1.546 115.116 -1.547
202306 1.237 114.558 1.244
202309 0.191 115.339 0.191
202312 3.539 114.781 3.553
202403 -2.305 115.227 -2.305

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 National Medicines  (SHSE:600511) 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 National Medicines Cyclically Adjusted Price-to-FCF Related Terms

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China National Medicines (SHSE:600511) Business Description

Traded in Other Exchanges
N/A
Address
No. 12 A, Sanyuan West Lane, Yongwai, Chongwen District, Beijing, CHN, 100077
China National Medicines Corp Ltd focuses on producing special drugs and high-end prescription drugs. Its main goal is to provide customers with professional medical services. The company is also engaged in proprietary Chinese medicines, Chinese medicine decoction pieces, Chinese medicinal materials, chemical preparations, chemical raw materials, antibiotics, and biochemical drugs.

China National Medicines (SHSE:600511) Headlines

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