GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » Cyclically Adjusted Price-to-FCF

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Cyclically Adjusted Price-to-FCF : (As of May. 30, 2024)


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What is Wuxi Double Elephant Micro Fibre Material Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Wuxi Double Elephant Micro Fibre Material Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre Material 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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Wuxi Double Elephant Micro Fibre Material Co Cyclically Adjusted Price-to-FCF Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Wuxi Double Elephant Micro Fibre Material 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 Wuxi Double Elephant Micro Fibre Material Co's Cyclically Adjusted Price-to-FCF

For the Footwear & Accessories subindustry, Wuxi Double Elephant Micro Fibre Material 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.


Wuxi Double Elephant Micro Fibre Material Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wuxi Double Elephant Micro Fibre Material Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Wuxi Double Elephant Micro Fibre Material Co's Cyclically Adjusted Price-to-FCF falls into.



Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Wuxi Double Elephant Micro Fibre Material 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)
=-0.507/115.2271*115.2271
=-0.507

Current CPI (Mar. 2024) = 115.2271.

Wuxi Double Elephant Micro Fibre Material Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.131 98.200 0.154
201409 -0.075 98.900 -0.087
201412 0.063 99.000 0.073
201503 0.060 99.900 0.069
201506 0.223 99.500 0.258
201509 0.030 100.500 0.034
201512 0.266 100.600 0.305
201603 -0.045 102.200 -0.051
201606 0.117 101.400 0.133
201609 0.006 102.400 0.007
201612 0.266 102.600 0.299
201703 -0.276 103.200 -0.308
201706 0.070 103.100 0.078
201709 -0.013 104.100 -0.014
201712 0.066 104.500 0.073
201803 -0.136 105.300 -0.149
201806 0.154 104.900 0.169
201809 0.141 106.600 0.152
201812 0.301 106.500 0.326
201903 -0.231 107.700 -0.247
201906 0.054 107.700 0.058
201909 0.136 109.800 0.143
201912 0.090 111.200 0.093
202003 -0.042 112.300 -0.043
202006 0.284 110.400 0.296
202009 -0.064 111.700 -0.066
202012 0.008 111.500 0.008
202103 -0.442 112.662 -0.452
202106 -0.127 111.769 -0.131
202109 -0.289 112.215 -0.297
202112 0.067 113.108 0.068
202203 -0.082 114.335 -0.083
202206 -0.076 114.558 -0.076
202209 0.044 115.339 0.044
202212 -0.821 115.116 -0.822
202303 -0.025 115.116 -0.025
202306 0.152 114.558 0.153
202309 -0.006 115.339 -0.006
202312 -0.244 114.781 -0.245
202403 -0.507 115.227 -0.507

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.


Wuxi Double Elephant Micro Fibre Material Co  (SZSE:002395) 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.


Wuxi Double Elephant Micro Fibre Material Co Cyclically Adjusted Price-to-FCF Related Terms

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Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Business Description

Traded in Other Exchanges
N/A
Address
No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN
Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.
Executives
Wang Hao Director
Wang Chun Long Director

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Headlines

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