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Aerospace Hi-tech Holding Group Co (SZSE:000901) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Aerospace Hi-tech Holding Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aerospace Hi-tech Holding Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aerospace Hi-tech Holding Group 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.

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Aerospace Hi-tech Holding Group Co Cyclically Adjusted Price-to-FCF Chart

Aerospace Hi-tech Holding Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Aerospace Hi-tech Holding Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Aerospace Hi-tech Holding Group Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Aerospace Hi-tech Holding Group 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.


Aerospace Hi-tech Holding Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aerospace Hi-tech Holding Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Aerospace Hi-tech Holding Group Co's Cyclically Adjusted Price-to-FCF falls into.



Aerospace Hi-tech Holding Group 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.

Aerospace Hi-tech Holding Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Aerospace Hi-tech Holding Group 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)
=-0.082/115.2271*115.2271
=-0.082

Current CPI (Mar. 2024) = 115.2271.

Aerospace Hi-tech Holding Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.038 98.200 -0.045
201409 -0.007 98.900 -0.008
201412 -0.012 99.000 -0.014
201503 -0.363 99.900 -0.419
201506 0.012 99.500 0.014
201509 -0.022 100.500 -0.025
201512 0.170 100.600 0.195
201603 0.030 102.200 0.034
201606 -0.164 101.400 -0.186
201609 0.163 102.400 0.183
201612 0.117 102.600 0.131
201703 0.068 103.200 0.076
201706 -0.040 103.100 -0.045
201709 -0.141 104.100 -0.156
201712 0.179 104.500 0.197
201803 -0.271 105.300 -0.297
201806 -0.023 104.900 -0.025
201809 -0.143 106.600 -0.155
201812 0.264 106.500 0.286
201903 -0.169 107.700 -0.181
201906 -0.111 107.700 -0.119
201909 -0.021 109.800 -0.022
201912 0.216 111.200 0.224
202003 -0.050 112.300 -0.051
202006 -0.450 110.400 -0.470
202009 -0.183 111.700 -0.189
202012 0.205 111.500 0.212
202103 -0.117 112.662 -0.120
202106 -0.229 111.769 -0.236
202109 -0.209 112.215 -0.215
202112 0.318 113.108 0.324
202203 -0.259 114.335 -0.261
202206 0.037 114.558 0.037
202209 -0.253 115.339 -0.253
202212 0.045 115.116 0.045
202303 -0.193 115.116 -0.193
202306 -0.199 114.558 -0.200
202309 -0.066 115.339 -0.066
202312 0.341 114.781 0.342
202403 -0.082 115.227 -0.082

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.


Aerospace Hi-tech Holding Group Co  (SZSE:000901) 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.


Aerospace Hi-tech Holding Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Aerospace Hi-tech Holding Group Co (SZSE:000901) Business Description

Traded in Other Exchanges
N/A
Address
No. 45 Haping West Road, Pingfang District, Heilongjiang Province, Harbin, Heilongjiang, CHN, 100070
Aerospace Hi-tech Holding Group Co Ltd is principally engaged in the research, development, manufacture and sale of automobile electronic products, environmental protection monitoring products and aerospace products in China.
Executives
Guo You Zhi Director
Huai Xiao Feng Independent director
Dong Gui Bin Directors, executives

Aerospace Hi-tech Holding Group Co (SZSE:000901) Headlines

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