GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Black Cat Carbon Black Co Ltd (SZSE:002068) » Definitions » Cyclically Adjusted Price-to-FCF

Jiangxi Black Cat Carbon Black Co (SZSE:002068) Cyclically Adjusted Price-to-FCF : 28.23 (As of Jun. 08, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Jiangxi Black Cat Carbon Black Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Jiangxi Black Cat Carbon Black Co's current share price is ¥8.47. Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.30. Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF for today is 28.23.

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

SZSE:002068' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.84   Med: 59.67   Max: 336.6
Current: 30.29

During the past years, Jiangxi Black Cat Carbon Black Co's highest Cyclically Adjusted Price-to-FCF was 336.60. The lowest was 18.84. And the median was 59.67.

SZSE:002068's Cyclically Adjusted Price-to-FCF is ranked worse than
57.81% of 576 companies
in the Chemicals industry
Industry Median: 24.635 vs SZSE:002068: 30.29

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.

Jiangxi Black Cat Carbon Black Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.147. 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 ¥0.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangxi Black Cat Carbon Black Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Jiangxi Black Cat Carbon Black 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.

Jiangxi Black Cat Carbon Black Co Cyclically Adjusted Price-to-FCF Chart

Jiangxi Black Cat Carbon Black 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 - - - 261.00 30.68

Jiangxi Black Cat Carbon Black 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 298.35 67.53 33.74 30.68 30.49

Competitive Comparison of Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Jiangxi Black Cat Carbon Black 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.


Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF falls into.



Jiangxi Black Cat Carbon Black 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.

Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.47/0.3
=28.23

* 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.

Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Jiangxi Black Cat Carbon Black 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)
=-0.147/115.2271*115.2271
=-0.147

Current CPI (Mar. 2024) = 115.2271.

Jiangxi Black Cat Carbon Black Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.434 98.200 0.509
201409 0.926 98.900 1.079
201412 -0.028 99.000 -0.033
201503 -0.730 99.900 -0.842
201506 0.205 99.500 0.237
201509 -0.206 100.500 -0.236
201512 0.350 100.600 0.401
201603 0.149 102.200 0.168
201606 0.116 101.400 0.132
201609 0.277 102.400 0.312
201612 0.112 102.600 0.126
201703 -0.277 103.200 -0.309
201706 0.046 103.100 0.051
201709 0.095 104.100 0.105
201712 0.196 104.500 0.216
201803 0.083 105.300 0.091
201806 0.209 104.900 0.230
201809 0.356 106.600 0.385
201812 0.431 106.500 0.466
201903 -0.154 107.700 -0.165
201906 0.123 107.700 0.132
201909 -0.025 109.800 -0.026
201912 0.552 111.200 0.572
202003 -0.515 112.300 -0.528
202006 0.350 110.400 0.365
202009 -0.082 111.700 -0.085
202012 -0.027 111.500 -0.028
202103 -0.030 112.662 -0.031
202106 0.171 111.769 0.176
202109 0.037 112.215 0.038
202112 -0.149 113.108 -0.152
202203 -0.258 114.335 -0.260
202206 -0.069 114.558 -0.069
202209 -0.013 115.339 -0.013
202212 0.007 115.116 0.007
202303 -0.755 115.116 -0.756
202306 0.813 114.558 0.818
202309 -0.363 115.339 -0.363
202312 0.439 114.781 0.441
202403 -0.147 115.227 -0.147

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.


Jiangxi Black Cat Carbon Black Co  (SZSE:002068) 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.


Jiangxi Black Cat Carbon Black Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Jiangxi Black Cat Carbon Black Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangxi Black Cat Carbon Black Co (SZSE:002068) Business Description

Traded in Other Exchanges
N/A
Address
Changjiang District, Jiangxi Province, Jingdezhen, CHN, 333000
Jiangxi Black Cat Carbon Black Co Ltd is the carbon production enterprise in China. Its black carbon products have been sold to Europe, America and Southeast Asian countries and regions.
Executives
Fang Qiu Bao Supervisors
Feng Jian Hua Supervisors
Zhou Zhi Ning Executives
Mei Jing Executives
Pan Guan Shun Supervisors
Wei Ming Executives
Liu Chao Hui Executives
Xin Shu Lan Directors, executives
Yu Zhong Ming Director
You Qi Executives
Li Yi Secretary Dong
Cai Jing Zhang Director
Cao Hua Supervisors
Zhou Min Jian Directors, executives
Yang Zhi Min Director

Jiangxi Black Cat Carbon Black Co (SZSE:002068) Headlines

No Headlines