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Ningbo Boway Alloy Material Co (SHSE:601137) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Ningbo Boway Alloy Material Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ningbo Boway Alloy Material Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ningbo Boway Alloy Material 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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Ningbo Boway Alloy Material Co Cyclically Adjusted Price-to-FCF Chart

Ningbo Boway Alloy Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ningbo Boway Alloy Material 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 Ningbo Boway Alloy Material Co's Cyclically Adjusted Price-to-FCF

For the Copper subindustry, Ningbo Boway Alloy Material 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.


Ningbo Boway Alloy Material Co's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ningbo Boway Alloy Material Co's Cyclically Adjusted Price-to-FCF falls into.



Ningbo Boway Alloy Material 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.

Ningbo Boway Alloy Material Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ningbo Boway Alloy Material 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)
=-0.317/115.2271*115.2271
=-0.317

Current CPI (Mar. 2024) = 115.2271.

Ningbo Boway Alloy Material Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.166 98.200 -0.195
201409 -0.052 98.900 -0.061
201412 0.174 99.000 0.203
201503 -0.124 99.900 -0.143
201506 0.382 99.500 0.442
201509 -0.245 100.500 -0.281
201512 -0.005 100.600 -0.006
201603 0.078 102.200 0.088
201606 0.011 101.400 0.012
201609 -0.161 102.400 -0.181
201612 -0.001 102.600 -0.001
201703 -0.205 103.200 -0.229
201706 0.022 103.100 0.025
201709 -0.399 104.100 -0.442
201712 0.199 104.500 0.219
201803 -0.218 105.300 -0.239
201806 0.154 104.900 0.169
201809 0.011 106.600 0.012
201812 0.235 106.500 0.254
201903 -0.457 107.700 -0.489
201906 -0.160 107.700 -0.171
201909 -0.001 109.800 -0.001
201912 0.279 111.200 0.289
202003 -0.143 112.300 -0.147
202006 -0.256 110.400 -0.267
202009 -1.363 111.700 -1.406
202012 0.108 111.500 0.112
202103 -0.717 112.662 -0.733
202106 -0.504 111.769 -0.520
202109 -0.491 112.215 -0.504
202112 0.607 113.108 0.618
202203 -1.110 114.335 -1.119
202206 -0.021 114.558 -0.021
202209 0.910 115.339 0.909
202212 -0.305 115.116 -0.305
202303 0.017 115.116 0.017
202306 0.384 114.558 0.386
202309 -0.533 115.339 -0.532
202312 0.864 114.781 0.867
202403 -0.317 115.227 -0.317

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.


Ningbo Boway Alloy Material Co  (SHSE:601137) 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.


Ningbo Boway Alloy Material Co Cyclically Adjusted Price-to-FCF Related Terms

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Ningbo Boway Alloy Material Co (SHSE:601137) Business Description

Traded in Other Exchanges
N/A
Address
Number 288 Honggang Road, Yinzhou Economic Development Zone,Yinzhou District, Zhejiang Province, Ningbo, CHN, 314145
Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.
Executives
Zhang Ming Director
Zhang Pei Jia senior management

Ningbo Boway Alloy Material Co (SHSE:601137) Headlines

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