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Yantai Changyu Pioneer Wine Co (SZSE:000869) Cyclically Adjusted Price-to-FCF : 36.87 (As of May. 06, 2024)


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What is Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-06), Yantai Changyu Pioneer Wine Co's current share price is ¥24.70. Yantai Changyu Pioneer Wine Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.67. Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF for today is 36.87.

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

SZSE:000869' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.56   Med: 46.32   Max: 102.66
Current: 35.87

During the past years, Yantai Changyu Pioneer Wine Co's highest Cyclically Adjusted Price-to-FCF was 102.66. The lowest was 26.56. And the median was 46.32.

SZSE:000869's Cyclically Adjusted Price-to-FCF is ranked worse than
64.86% of 111 companies
in the Beverages - Alcoholic industry
Industry Median: 25.4 vs SZSE:000869: 35.87

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.

Yantai Changyu Pioneer Wine Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.148. 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 ¥0.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Yantai Changyu Pioneer Wine 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.

Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF Chart

Yantai Changyu Pioneer Wine 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 45.25 80.53 57.80 51.88 31.26

Yantai Changyu Pioneer Wine 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 58.07 47.19 44.21 31.26 33.82

Competitive Comparison of Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, Yantai Changyu Pioneer Wine 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.


Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF falls into.



Yantai Changyu Pioneer Wine 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.

Yantai Changyu Pioneer Wine Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.70/0.67
=36.87

* 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.

Yantai Changyu Pioneer Wine Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yantai Changyu Pioneer Wine 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)
=-0.148/114.6694*114.6694
=-0.148

Current CPI (Mar. 2024) = 114.6694.

Yantai Changyu Pioneer Wine Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.012 98.200 -0.014
201409 -0.102 98.900 -0.118
201412 -0.861 99.000 -0.997
201503 0.639 99.900 0.733
201506 0.051 99.500 0.059
201509 0.252 100.500 0.288
201512 -0.407 100.600 -0.464
201603 0.630 102.200 0.707
201606 -0.215 101.400 -0.243
201609 0.239 102.400 0.268
201612 -0.383 102.600 -0.428
201703 0.351 103.200 0.390
201706 -0.152 103.100 -0.169
201709 0.451 104.100 0.497
201712 0.126 104.500 0.138
201803 0.579 105.300 0.631
201806 0.003 104.900 0.003
201809 0.261 106.600 0.281
201812 0.068 106.500 0.073
201903 0.265 107.700 0.282
201906 0.267 107.700 0.284
201909 0.133 109.800 0.139
201912 0.166 111.200 0.171
202003 -0.246 112.300 -0.251
202006 0.123 110.400 0.128
202009 0.334 111.700 0.343
202012 0.291 111.500 0.299
202103 0.401 112.662 0.408
202106 0.100 111.769 0.103
202109 0.431 112.215 0.440
202112 0.386 113.108 0.391
202203 0.415 114.335 0.416
202206 0.309 114.558 0.309
202209 0.129 115.339 0.128
202212 0.125 115.116 0.125
202303 0.432 115.116 0.430
202306 0.247 114.558 0.247
202309 0.251 115.339 0.250
202312 0.595 114.669 0.595
202403 -0.148 114.669 -0.148

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.


Yantai Changyu Pioneer Wine Co  (SZSE:000869) 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.


Yantai Changyu Pioneer Wine Co Cyclically Adjusted Price-to-FCF Related Terms

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Yantai Changyu Pioneer Wine Co (SZSE:000869) Business Description

Traded in Other Exchanges
Address
56 Dama Road, Shandong, Yantai, CHN, 264000
Yantai Changyu Pioneer Wine Co Ltd produces and sells wine, brandy, and champagne. The company's brands include Changyu, Jiebaina, AFIP, Koyac, and Tinlot Reserva. Wine sales account for more than three-quarters of the company's total revenue. Yantai possesses vineyards in several Chinese provinces suitable for wine grape growing, such as Shandong, Ningxia, Xinjiang, Liaoning, Hebei, and Shanxi. Nearly all of the company's sales are in China, with the small amount of remaining revenue coming from France and Spain.

Yantai Changyu Pioneer Wine Co (SZSE:000869) Headlines

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