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Fuyao Glass Industry Group Co (SHSE:600660) Cyclically Adjusted Price-to-FCF : 60.62 (As of Jun. 04, 2024)


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What is Fuyao Glass Industry Group Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Fuyao Glass Industry Group Co's current share price is ¥46.68. Fuyao Glass Industry Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.77. Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF for today is 60.62.

The historical rank and industry rank for Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600660' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 40.78   Med: 55.67   Max: 156
Current: 59.48

During the past years, Fuyao Glass Industry Group Co's highest Cyclically Adjusted Price-to-FCF was 156.00. The lowest was 40.78. And the median was 55.67.

SHSE:600660's Cyclically Adjusted Price-to-FCF is ranked worse than
78.38% of 495 companies
in the Vehicles & Parts industry
Industry Median: 21.27 vs SHSE:600660: 59.48

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.

Fuyao Glass Industry Group Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.119. 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 ¥0.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuyao Glass Industry Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fuyao Glass Industry Group 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.

Fuyao Glass Industry Group Co Cyclically Adjusted Price-to-FCF Chart

Fuyao Glass Industry Group 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 52.74 90.85 72.92 49.61 48.61

Fuyao Glass Industry Group 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 48.75 50.59 50.49 48.61 55.99

Competitive Comparison of Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Fuyao Glass Industry Group 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.


Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF falls into.



Fuyao Glass Industry Group 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.

Fuyao Glass Industry Group Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=46.68/0.77
=60.62

* 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.

Fuyao Glass Industry Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fuyao Glass Industry Group 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)
=0.119/115.2271*115.2271
=0.119

Current CPI (Mar. 2024) = 115.2271.

Fuyao Glass Industry Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.046 98.200 0.054
201409 0.073 98.900 0.085
201412 -0.038 99.000 -0.044
201503 -0.131 99.900 -0.151
201506 0.066 99.500 0.076
201509 0.025 100.500 0.029
201512 -0.084 100.600 -0.096
201603 -0.115 102.200 -0.130
201606 -0.035 101.400 -0.040
201609 0.142 102.400 0.160
201612 0.038 102.600 0.043
201703 0.144 103.200 0.161
201706 -0.056 103.100 -0.063
201709 0.087 104.100 0.096
201712 0.371 104.500 0.409
201803 0.142 105.300 0.155
201806 0.256 104.900 0.281
201809 0.323 106.600 0.349
201812 0.163 106.500 0.176
201903 -0.031 107.700 -0.033
201906 0.309 107.700 0.331
201909 0.312 109.800 0.327
201912 0.352 111.200 0.365
202003 0.228 112.300 0.234
202006 0.009 110.400 0.009
202009 0.463 111.700 0.478
202012 0.702 111.500 0.725
202103 0.496 112.662 0.507
202106 0.361 111.769 0.372
202109 0.251 112.215 0.258
202112 0.207 113.108 0.211
202203 0.309 114.335 0.311
202206 0.303 114.558 0.305
202209 0.158 115.339 0.158
202212 0.287 115.116 0.287
202303 0.071 115.116 0.071
202306 0.173 114.558 0.174
202309 0.447 115.339 0.447
202312 0.517 114.781 0.519
202403 0.119 115.227 0.119

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.


Fuyao Glass Industry Group Co  (SHSE:600660) 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.


Fuyao Glass Industry Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Fuyao Glass Industry Group Co (SHSE:600660) Business Description

Traded in Other Exchanges
Address
Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301
Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.
Executives
Zuo Min senior management
Lin Hou Tan Supervisors
Cao De Wang Director
He Shi Meng senior management
Cao Fang Director

Fuyao Glass Industry Group Co (SHSE:600660) Headlines

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