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Asian Star Anchor Chain Co (SHSE:601890) Cyclically Adjusted Price-to-FCF : 193.25 (As of May. 24, 2024)


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What is Asian Star Anchor Chain Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Asian Star Anchor Chain Co's current share price is ¥7.73. Asian Star Anchor Chain Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.04. Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF for today is 193.25.

The historical rank and industry rank for Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:601890' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 74.43   Med: 175.2   Max: 1158
Current: 196.79

During the past years, Asian Star Anchor Chain Co's highest Cyclically Adjusted Price-to-FCF was 1158.00. The lowest was 74.43. And the median was 175.20.

SHSE:601890's Cyclically Adjusted Price-to-FCF is ranked worse than
97.5% of 80 companies
in the Industrial Distribution industry
Industry Median: 27.01 vs SHSE:601890: 196.79

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.

Asian Star Anchor Chain Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.121. 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 ¥0.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asian Star Anchor Chain Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asian Star Anchor Chain 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.

* Premium members only.

Asian Star Anchor Chain Co Cyclically Adjusted Price-to-FCF Chart

Asian Star Anchor Chain Co 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 - - 515.18 450.49 185.15

Asian Star Anchor Chain Co 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 368.54 1,460.64 230.09 185.15 203.60

Competitive Comparison of Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF

For the Industrial Distribution subindustry, Asian Star Anchor Chain 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.


Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF falls into.



Asian Star Anchor Chain 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.

Asian Star Anchor Chain Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.73/0.04
=193.25

* 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.

Asian Star Anchor Chain Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Asian Star Anchor Chain 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)
=-0.121/115.2271*115.2271
=-0.121

Current CPI (Mar. 2024) = 115.2271.

Asian Star Anchor Chain Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.158 98.200 -0.185
201409 -0.035 98.900 -0.041
201412 0.043 99.000 0.050
201503 0.155 99.900 0.179
201506 -0.183 99.500 -0.212
201509 0.047 100.500 0.054
201512 0.038 100.600 0.044
201603 0.030 102.200 0.034
201606 0.186 101.400 0.211
201609 0.034 102.400 0.038
201612 -0.010 102.600 -0.011
201703 -0.120 103.200 -0.134
201706 0.049 103.100 0.055
201709 0.167 104.100 0.185
201712 -0.151 104.500 -0.167
201803 -0.047 105.300 -0.051
201806 -0.036 104.900 -0.040
201809 0.029 106.600 0.031
201812 0.029 106.500 0.031
201903 -0.124 107.700 -0.133
201906 0.004 107.700 0.004
201909 0.044 109.800 0.046
201912 0.059 111.200 0.061
202003 0.058 112.300 0.060
202006 0.018 110.400 0.019
202009 0.078 111.700 0.080
202012 -0.021 111.500 -0.022
202103 0.051 112.662 0.052
202106 0.003 111.769 0.003
202109 -0.088 112.215 -0.090
202112 0.073 113.108 0.074
202203 0.071 114.335 0.072
202206 -0.078 114.558 -0.078
202209 0.010 115.339 0.010
202212 0.163 115.116 0.163
202303 -0.056 115.116 -0.056
202306 -0.167 114.558 -0.168
202309 0.209 115.339 0.209
202312 0.154 114.781 0.155
202403 -0.121 115.227 -0.121

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.


Asian Star Anchor Chain Co  (SHSE:601890) 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.


Asian Star Anchor Chain Co Cyclically Adjusted Price-to-FCF Related Terms

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Asian Star Anchor Chain Co (SHSE:601890) Business Description

Traded in Other Exchanges
N/A
Address
Number 88, Meirengang Road, Dongxing, Jiangsu, Jingjiang, CHN, 214533
Asian Star Anchor Chain Co Ltd is engaged in the production and distribution of marine anchor chains and marine mooring chains. It mainly provides marine anchor chains and ocean platform mooring chains, as well as related parts and components. The company also offers accessories comprising Kenter Shackle, Joining Shackle, Swivel, End Shackle and Other fittings.

Asian Star Anchor Chain Co (SHSE:601890) Headlines

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