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Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Shanghai Zhangjiang Hi-tech Park Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Zhangjiang Hi-tech Park Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shanghai Zhangjiang Hi-tech Park Development 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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Shanghai Zhangjiang Hi-tech Park Development Co Cyclically Adjusted Price-to-FCF Chart

Shanghai Zhangjiang Hi-tech Park Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Shanghai Zhangjiang Hi-tech Park Development 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 Shanghai Zhangjiang Hi-tech Park Development Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Shanghai Zhangjiang Hi-tech Park Development 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.


Shanghai Zhangjiang Hi-tech Park Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Zhangjiang Hi-tech Park Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shanghai Zhangjiang Hi-tech Park Development Co's Cyclically Adjusted Price-to-FCF falls into.



Shanghai Zhangjiang Hi-tech Park Development 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.

Shanghai Zhangjiang Hi-tech Park Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shanghai Zhangjiang Hi-tech Park Development 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)
=-1.593/115.2271*115.2271
=-1.593

Current CPI (Mar. 2024) = 115.2271.

Shanghai Zhangjiang Hi-tech Park Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.102 98.200 0.120
201409 0.050 98.900 0.058
201412 0.938 99.000 1.092
201503 -0.154 99.900 -0.178
201506 0.169 99.500 0.196
201509 0.060 100.500 0.069
201512 0.866 100.600 0.992
201603 0.026 102.200 0.029
201606 -0.019 101.400 -0.022
201609 -0.090 102.400 -0.101
201612 0.354 102.600 0.398
201703 -0.126 103.200 -0.141
201706 0.036 103.100 0.040
201709 0.049 104.100 0.054
201712 0.205 104.500 0.226
201803 -0.153 105.300 -0.167
201806 0.007 104.900 0.008
201809 0.032 106.600 0.035
201812 0.298 106.500 0.322
201903 0.001 107.700 0.001
201906 -0.080 107.700 -0.086
201909 0.295 109.800 0.310
201912 -4.995 111.200 -5.176
202003 -0.292 112.300 -0.300
202006 -0.195 110.400 -0.204
202009 -0.313 111.700 -0.323
202012 0.560 111.500 0.579
202103 -0.132 112.662 -0.135
202106 -0.804 111.769 -0.829
202109 -0.183 112.215 -0.188
202112 0.206 113.108 0.210
202203 -0.442 114.335 -0.445
202206 -0.218 114.558 -0.219
202209 -0.359 115.339 -0.359
202212 -0.128 115.116 -0.128
202303 -0.767 115.116 -0.768
202306 -0.518 114.558 -0.521
202309 -1.239 115.339 -1.238
202312 -0.535 114.781 -0.537
202403 -1.593 115.227 -1.593

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.


Shanghai Zhangjiang Hi-tech Park Development Co  (SHSE:600895) 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.


Shanghai Zhangjiang Hi-tech Park Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Business Description

Traded in Other Exchanges
N/A
Address
560 Songtao Road, 8 / F, Zhangjiang Building, Pudong New Area, Shanghai, CHN, 201203
Shanghai Zhangjiang Hi-tech Park Development Co Ltd is a China-based firm engaged in the industrial real estate. It provides property development, property leasing, and communication services. It mostly focuses on the development and operation of high-tech parks.

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