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Haining China Leather Market Co (SZSE:002344) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is Haining China Leather Market Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Haining China Leather Market Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Haining China Leather Market 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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Haining China Leather Market Co Cyclically Adjusted Price-to-FCF Chart

Haining China Leather Market Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Haining China Leather Market 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 Haining China Leather Market Co's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, Haining China Leather Market 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.


Haining China Leather Market Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Haining China Leather Market Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Haining China Leather Market Co's Cyclically Adjusted Price-to-FCF falls into.



Haining China Leather Market 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.

Haining China Leather Market Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Haining China Leather Market 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)
=-0.029/115.2271*115.2271
=-0.029

Current CPI (Mar. 2024) = 115.2271.

Haining China Leather Market Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.127 98.200 -0.149
201409 -0.205 98.900 -0.239
201412 -0.172 99.000 -0.200
201503 -0.264 99.900 -0.305
201506 -0.155 99.500 -0.179
201509 -0.205 100.500 -0.235
201512 -0.610 100.600 -0.699
201603 -0.403 102.200 -0.454
201606 0.412 101.400 0.468
201609 -0.135 102.400 -0.152
201612 -0.449 102.600 -0.504
201703 -0.147 103.200 -0.164
201706 0.068 103.100 0.076
201709 0.092 104.100 0.102
201712 0.112 104.500 0.123
201803 -0.036 105.300 -0.039
201806 0.287 104.900 0.315
201809 0.011 106.600 0.012
201812 -0.366 106.500 -0.396
201903 -0.250 107.700 -0.267
201906 0.590 107.700 0.631
201909 0.090 109.800 0.094
201912 -0.116 111.200 -0.120
202003 -0.062 112.300 -0.064
202006 0.258 110.400 0.269
202009 0.010 111.700 0.010
202012 -0.009 111.500 -0.009
202103 0.116 112.662 0.119
202106 0.245 111.769 0.253
202109 -0.097 112.215 -0.100
202112 -0.023 113.108 -0.023
202203 -0.243 114.335 -0.245
202206 0.081 114.558 0.081
202209 -0.032 115.339 -0.032
202212 0.006 115.116 0.006
202303 0.078 115.116 0.078
202306 0.008 114.558 0.008
202309 -0.069 115.339 -0.069
202312 -0.075 114.781 -0.075
202403 -0.029 115.227 -0.029

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.


Haining China Leather Market Co  (SZSE:002344) 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.


Haining China Leather Market Co Cyclically Adjusted Price-to-FCF Related Terms

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Haining China Leather Market Co (SZSE:002344) Business Description

Traded in Other Exchanges
N/A
Address
Fifth floor, 2 12, Haining Leather City Building, Zhejiang, CHN, 314400
Haining China Leather Market Co Ltd operates in the leather industry. The company is engaged in the distribution of leather clothing, fur clothing, leather luggage, fur, leather and footwear, and leather bags and suitcases.

Haining China Leather Market Co (SZSE:002344) Headlines

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