GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nantong Acetic Acid Chemical Co Ltd (SHSE:603968) » Definitions » Cyclically Adjusted Price-to-FCF

Nantong Acetic Acid Chemical Co (SHSE:603968) Cyclically Adjusted Price-to-FCF : 15.55 (As of Jun. 04, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Nantong Acetic Acid Chemical Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Nantong Acetic Acid Chemical Co's current share price is ¥11.04. Nantong Acetic Acid Chemical Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.71. Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF for today is 15.55.

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

SHSE:603968' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.06   Med: 19.94   Max: 27.54
Current: 16.39

During the past years, Nantong Acetic Acid Chemical Co's highest Cyclically Adjusted Price-to-FCF was 27.54. The lowest was 12.06. And the median was 19.94.

SHSE:603968's Cyclically Adjusted Price-to-FCF is ranked better than
64.24% of 576 companies
in the Chemicals industry
Industry Median: 24.85 vs SHSE:603968: 16.39

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.

Nantong Acetic Acid Chemical Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.824. 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 ¥0.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nantong Acetic Acid Chemical Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical Co Cyclically Adjusted Price-to-FCF Chart

Nantong Acetic Acid Chemical 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 - - - - 17.56

Nantong Acetic Acid Chemical 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 27.61 22.33 21.94 17.56 15.33

Competitive Comparison of Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Nantong Acetic Acid Chemical 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.


Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF falls into.



Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.04/0.71
=15.55

* 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.

Nantong Acetic Acid Chemical Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Nantong Acetic Acid Chemical 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)
=-0.824/115.2271*115.2271
=-0.824

Current CPI (Mar. 2024) = 115.2271.

Nantong Acetic Acid Chemical Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.422 98.200 0.495
201409 0.089 98.900 0.104
201412 0.296 99.000 0.345
201503 0.216 99.900 0.249
201506 0.300 99.500 0.347
201509 0.121 100.500 0.139
201512 0.066 100.600 0.076
201603 -0.100 102.200 -0.113
201606 0.265 101.400 0.301
201609 0.152 102.400 0.171
201612 0.135 102.600 0.152
201703 -0.164 103.200 -0.183
201706 -0.130 103.100 -0.145
201709 0.101 104.100 0.112
201712 0.673 104.500 0.742
201803 -0.030 105.300 -0.033
201806 0.217 104.900 0.238
201809 0.387 106.600 0.418
201812 0.461 106.500 0.499
201903 0.179 107.700 0.192
201906 0.277 107.700 0.296
201909 0.170 109.800 0.178
201912 0.535 111.200 0.554
202003 0.280 112.300 0.287
202006 0.386 110.400 0.403
202009 0.323 111.700 0.333
202012 0.070 111.500 0.072
202103 -0.445 112.662 -0.455
202106 0.079 111.769 0.081
202109 -0.013 112.215 -0.013
202112 0.249 113.108 0.254
202203 -0.540 114.335 -0.544
202206 0.958 114.558 0.964
202209 -0.259 115.339 -0.259
202212 0.943 115.116 0.944
202303 -0.865 115.116 -0.866
202306 1.037 114.558 1.043
202309 -0.329 115.339 -0.329
202312 0.849 114.781 0.852
202403 -0.824 115.227 -0.824

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.


Nantong Acetic Acid Chemical Co  (SHSE:603968) 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.


Nantong Acetic Acid Chemical Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Nantong Acetic Acid Chemical Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Nantong Acetic Acid Chemical Co (SHSE:603968) Business Description

Traded in Other Exchanges
N/A
Address
Nantong Economic and Technological Development Zone, 968 Jiangshan Road, Jiangsu, CHN, 226009
Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.
Executives
Qing Jiu Director
Yu Xin Nan Director
Tao Tao senior management
Xue Jin Quan senior management
Shuai Jian Xin senior management
Ding Cai Feng Director
Qian Jin senior management
Gu Qing Quan Director
Yan Mei Hua senior management

Nantong Acetic Acid Chemical Co (SHSE:603968) Headlines

No Headlines