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China Automotive Engineering Research Institute Co (SHSE:601965) Cyclically Adjusted Price-to-FCF : 139.29 (As of Jun. 04, 2024)


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What is China Automotive Engineering Research Institute Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), China Automotive Engineering Research Institute Co's current share price is ¥19.50. China Automotive Engineering Research Institute Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.14. China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF for today is 139.29.

The historical rank and industry rank for China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:601965' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 92   Med: 192.75   Max: 1856
Current: 138.25

During the past years, China Automotive Engineering Research Institute Co's highest Cyclically Adjusted Price-to-FCF was 1856.00. The lowest was 92.00. And the median was 192.75.

SHSE:601965's Cyclically Adjusted Price-to-FCF is ranked worse than
89.29% of 495 companies
in the Vehicles & Parts industry
Industry Median: 21.27 vs SHSE:601965: 138.25

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 Automotive Engineering Research Institute Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.382. 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 ¥0.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Automotive Engineering Research Institute Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Automotive Engineering Research Institute 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.

China Automotive Engineering Research Institute Co Cyclically Adjusted Price-to-FCF Chart

China Automotive Engineering Research Institute 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 - 347.83 230.25 134.77 124.57

China Automotive Engineering Research Institute 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 184.98 152.14 133.38 124.57 139.18

Competitive Comparison of China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF

For the Auto Manufacturers subindustry, China Automotive Engineering Research Institute 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.


China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF falls into.



China Automotive Engineering Research Institute 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.

China Automotive Engineering Research Institute Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.50/0.14
=139.29

* 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 Automotive Engineering Research Institute Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Automotive Engineering Research Institute 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)
=-0.382/115.2271*115.2271
=-0.382

Current CPI (Mar. 2024) = 115.2271.

China Automotive Engineering Research Institute Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.056 98.200 -0.066
201409 -0.279 98.900 -0.325
201412 0.063 99.000 0.073
201503 -0.139 99.900 -0.160
201506 -0.036 99.500 -0.042
201509 -0.078 100.500 -0.089
201512 0.331 100.600 0.379
201603 -0.128 102.200 -0.144
201606 0.023 101.400 0.026
201609 0.133 102.400 0.150
201612 0.196 102.600 0.220
201703 -0.139 103.200 -0.155
201706 0.074 103.100 0.083
201709 0.033 104.100 0.037
201712 0.171 104.500 0.189
201803 -0.110 105.300 -0.120
201806 -0.035 104.900 -0.038
201809 0.036 106.600 0.039
201812 0.056 106.500 0.061
201903 -0.172 107.700 -0.184
201906 0.162 107.700 0.173
201909 -0.091 109.800 -0.095
201912 0.301 111.200 0.312
202003 -0.177 112.300 -0.182
202006 0.078 110.400 0.081
202009 0.048 111.700 0.050
202012 0.430 111.500 0.444
202103 -0.256 112.662 -0.262
202106 0.125 111.769 0.129
202109 0.007 112.215 0.007
202112 0.543 113.108 0.553
202203 -0.261 114.335 -0.263
202206 0.078 114.558 0.078
202209 -0.091 115.339 -0.091
202212 0.588 115.116 0.589
202303 -0.220 115.116 -0.220
202306 0.080 114.558 0.080
202309 -0.109 115.339 -0.109
202312 0.568 114.781 0.570
202403 -0.382 115.227 -0.382

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 Automotive Engineering Research Institute Co  (SHSE:601965) 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 Automotive Engineering Research Institute Co Cyclically Adjusted Price-to-FCF Related Terms

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China Automotive Engineering Research Institute Co (SHSE:601965) Business Description

Traded in Other Exchanges
N/A
Address
No.9, Jin Yu Avenue, North District, Economic Development Zone, Chongqing, CHN
China Automotive Engineering Research Institute Co Ltd is an automobile company based in China. It is mainly engaged in the technical service for automobile and manufacturing operations of automobile including the development of various products, the technical consulting, test and the quality inspection and authentication. In addition, the company is specialized in research and development, manufacturing and marketing of special vehicles, with main products involving 5 types and 200-odd models including engineering dump trucks, concrete mixers, sanitation vehicles, logistics transport vehicles and integration vehicles.

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