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COFCO Capital Holdings Co (SZSE:002423) Cyclically Adjusted Price-to-FCF : 4.98 (As of May. 26, 2024)


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What is COFCO Capital Holdings Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), COFCO Capital Holdings Co's current share price is ¥7.82. COFCO Capital Holdings Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.57. COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF for today is 4.98.

The historical rank and industry rank for COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SZSE:002423' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.64   Med: 7.58   Max: 79.31
Current: 4.97

During the past years, COFCO Capital Holdings Co's highest Cyclically Adjusted Price-to-FCF was 79.31. The lowest was 4.64. And the median was 7.58.

SZSE:002423's Cyclically Adjusted Price-to-FCF is ranked better than
77.07% of 314 companies
in the Insurance industry
Industry Median: 11.28 vs SZSE:002423: 4.97

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.

COFCO Capital Holdings Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥1.442. 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 ¥1.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


COFCO Capital Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for COFCO Capital Holdings 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.

COFCO Capital Holdings Co Cyclically Adjusted Price-to-FCF Chart

COFCO Capital Holdings 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 - 69.70 12.31 6.90 4.83

COFCO Capital Holdings 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 6.41 6.29 6.22 4.83 4.83

Competitive Comparison of COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, COFCO Capital Holdings 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.


COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



COFCO Capital Holdings 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.

COFCO Capital Holdings Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.82/1.57
=4.98

* 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.

COFCO Capital Holdings Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, COFCO Capital Holdings 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)
=1.442/115.2271*115.2271
=1.442

Current CPI (Mar. 2024) = 115.2271.

COFCO Capital Holdings Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.144 98.200 -0.169
201409 -0.218 98.900 -0.254
201412 -0.075 99.000 -0.087
201503 -0.338 99.900 -0.390
201506 0.062 99.500 0.072
201509 -0.164 100.500 -0.188
201512 -0.220 100.600 -0.252
201603 -0.225 102.200 -0.254
201606 0.047 101.400 0.053
201609 -0.086 102.400 -0.097
201612 -0.021 102.600 -0.024
201703 0.031 103.200 0.035
201706 -0.086 103.100 -0.096
201709 -0.120 104.100 -0.133
201712 -0.001 104.500 -0.001
201803 -0.006 105.300 -0.007
201806 0.415 104.900 0.456
201809 0.101 106.600 0.109
201812 0.288 106.500 0.312
201903 0.815 107.700 0.872
201906 -0.162 107.700 -0.173
201909 1.191 109.800 1.250
201912 0.206 111.200 0.213
202003 1.059 112.300 1.087
202006 0.482 110.400 0.503
202009 1.190 111.700 1.228
202012 -0.019 111.500 -0.020
202103 1.906 112.662 1.949
202106 0.993 111.769 1.024
202109 1.190 112.215 1.222
202112 -0.142 113.108 -0.145
202203 1.901 114.335 1.916
202206 0.334 114.558 0.336
202209 1.178 115.339 1.177
202212 -0.056 115.116 -0.056
202303 0.393 115.116 0.393
202306 1.591 114.558 1.600
202309 -0.504 115.339 -0.504
202312 1.331 114.781 1.336
202403 1.442 115.227 1.442

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.


COFCO Capital Holdings Co  (SZSE:002423) 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.


COFCO Capital Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

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


COFCO Capital Holdings Co (SZSE:002423) Business Description

Traded in Other Exchanges
N/A
Address
1105, 11th floor, COFCO Fulinmen Building, Chaoyang District, Beijing, CHN, 100020
COFCO Capital Holdings Co Ltd is a provider of financial services. The company's services include trust, insurance, futures, banking and other financial services. It provides investment and asset management; corporate management; investment planning and consulting services.
Executives
Wang Jin Tao Supervisors
Jiang Gen Bao Secretary, Director
Xu Bin Director
Jia Li Shan Director

COFCO Capital Holdings Co (SZSE:002423) Headlines

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