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Toly Bread Co (SHSE:603866) Cyclically Adjusted Price-to-FCF : 62.00 (As of May. 24, 2024)


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What is Toly Bread Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Toly Bread Co's current share price is ¥6.20. Toly Bread Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.10. Toly Bread Co's Cyclically Adjusted Price-to-FCF for today is 62.00.

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

SHSE:603866' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 59.8   Med: 73.59   Max: 96.55
Current: 63.16

During the past years, Toly Bread Co's highest Cyclically Adjusted Price-to-FCF was 96.55. The lowest was 59.80. And the median was 73.59.

SHSE:603866's Cyclically Adjusted Price-to-FCF is ranked worse than
90.24% of 123 companies
in the Retail - Defensive industry
Industry Median: 15.72 vs SHSE:603866: 63.16

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.

Toly Bread Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.035. 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 ¥0.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toly Bread Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Toly Bread 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.

Toly Bread Co Cyclically Adjusted Price-to-FCF Chart

Toly Bread 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 - - - - 74.64

Toly Bread 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 - 90.48 77.35 74.64 60.27

Competitive Comparison of Toly Bread Co's Cyclically Adjusted Price-to-FCF

For the Grocery Stores subindustry, Toly Bread 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.


Toly Bread Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Toly Bread Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Toly Bread Co's Cyclically Adjusted Price-to-FCF falls into.



Toly Bread 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.

Toly Bread Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.20/0.1
=62.00

* 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.

Toly Bread Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Toly Bread 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)
=0.035/115.2271*115.2271
=0.035

Current CPI (Mar. 2024) = 115.2271.

Toly Bread Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.132 98.600 0.154
201409 0.000 98.900 0.000
201412 0.000 99.000 0.000
201503 0.019 99.900 0.022
201506 0.030 99.500 0.035
201509 0.028 100.500 0.032
201512 0.007 100.600 0.008
201603 0.020 102.200 0.023
201606 0.017 101.400 0.019
201609 0.047 102.400 0.053
201612 -0.028 102.600 -0.031
201703 -0.010 103.200 -0.011
201706 0.000 103.100 0.000
201709 0.088 104.100 0.097
201712 0.095 104.500 0.105
201803 0.066 105.300 0.072
201806 0.064 104.900 0.070
201809 0.083 106.600 0.090
201812 0.049 106.500 0.053
201903 -0.022 107.700 -0.024
201906 -0.060 107.700 -0.064
201909 0.013 109.800 0.014
201912 0.065 111.200 0.067
202003 0.036 112.300 0.037
202006 0.073 110.400 0.076
202009 0.026 111.700 0.027
202012 -0.001 111.500 -0.001
202103 -0.017 112.662 -0.017
202106 -0.018 111.769 -0.019
202109 -0.080 112.215 -0.082
202112 0.050 113.108 0.051
202203 0.018 114.335 0.018
202206 0.069 114.558 0.069
202209 0.012 115.339 0.012
202212 0.004 115.116 0.004
202303 -0.033 115.116 -0.033
202306 0.030 114.558 0.030
202309 -0.007 115.339 -0.007
202312 -0.022 114.781 -0.022
202403 0.035 115.227 0.035

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.


Toly Bread Co  (SHSE:603866) 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.


Toly Bread Co Cyclically Adjusted Price-to-FCF Related Terms

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Toly Bread Co (SHSE:603866) Business Description

Traded in Other Exchanges
N/A
Address
No. 176, Clove Street, Liaoning Province, Sujiatun District, Shenyang, CHN
Toly Bread Co Ltd is a China-based company engaged in the production, processing, and sale of baked goods such as bread, cakes, moon cakes, and dumplings. Its products portfolio includes peach and plum, peach bread and peach moon cake.

Toly Bread Co (SHSE:603866) Headlines

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