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Power Construction of China (SHSE:601669) Cyclically Adjusted Price-to-FCF : (As of Jun. 13, 2024)


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What is Power Construction of China Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Power Construction of China Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Power Construction of China'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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Power Construction of China Cyclically Adjusted Price-to-FCF Chart

Power Construction of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Power Construction of China 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 Power Construction of China's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Power Construction of China'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.


Power Construction of China's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Power Construction of China's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Power Construction of China's Cyclically Adjusted Price-to-FCF falls into.



Power Construction of China 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.

Power Construction of China's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Power Construction of China'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)
=-3.125/115.2271*115.2271
=-3.125

Current CPI (Mar. 2024) = 115.2271.

Power Construction of China Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.575 98.200 -0.675
201409 -0.395 98.900 -0.460
201412 -0.341 99.000 -0.397
201503 -0.712 99.900 -0.821
201506 -0.621 99.500 -0.719
201509 -0.578 100.500 -0.663
201512 -0.319 100.600 -0.365
201603 -0.957 102.200 -1.079
201606 -0.560 101.400 -0.636
201609 -0.673 102.400 -0.757
201612 0.232 102.600 0.261
201703 -2.445 103.200 -2.730
201706 -1.101 103.100 -1.231
201709 -0.671 104.100 -0.743
201712 -0.356 104.500 -0.393
201803 -1.601 105.300 -1.752
201806 -0.657 104.900 -0.722
201809 -0.502 106.600 -0.543
201812 0.298 106.500 0.322
201903 -1.775 107.700 -1.899
201906 -1.311 107.700 -1.403
201909 -1.016 109.800 -1.066
201912 -0.228 111.200 -0.236
202003 -1.567 112.300 -1.608
202006 -1.060 110.400 -1.106
202009 -0.259 111.700 -0.267
202012 0.762 111.500 0.787
202103 -2.660 112.662 -2.721
202106 -0.714 111.769 -0.736
202109 -0.269 112.215 -0.276
202112 1.591 113.108 1.621
202203 -1.909 114.335 -1.924
202206 -1.498 114.558 -1.507
202209 -0.926 115.339 -0.925
202212 1.951 115.116 1.953
202303 -2.585 115.116 -2.588
202306 -1.731 114.558 -1.741
202309 -0.667 115.339 -0.666
202312 1.712 114.781 1.719
202403 -3.125 115.227 -3.125

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.


Power Construction of China  (SHSE:601669) 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.


Power Construction of China Cyclically Adjusted Price-to-FCF Related Terms

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Power Construction of China (SHSE:601669) Business Description

Traded in Other Exchanges
N/A
Address
No.22, Chegongzhuang West Road, Haidian District, Beijing, CHN, 100048
Power Construction Corporation of China Ltd is engaged in the construction and operation of hydropower projects, special equipment manufacturing and real estate development and management.
Executives
He Ming Supervisors

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