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China Tourism Group Duty Free (SHSE:601888) Cyclically Adjusted Price-to-FCF : 40.34 (As of May. 31, 2024)


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What is China Tourism Group Duty Free Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), China Tourism Group Duty Free's current share price is ¥71.00. China Tourism Group Duty Free's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.76. China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF for today is 40.34.

The historical rank and industry rank for China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:601888' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 40.56   Med: 140.48   Max: 404.02
Current: 40.59

During the past years, China Tourism Group Duty Free's highest Cyclically Adjusted Price-to-FCF was 404.02. The lowest was 40.56. And the median was 140.48.

SHSE:601888's Cyclically Adjusted Price-to-FCF is ranked worse than
82.61% of 437 companies
in the Retail - Cyclical industry
Industry Median: 12.8 vs SHSE:601888: 40.59

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.

China Tourism Group Duty Free's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥2.333. 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 ¥1.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Tourism Group Duty Free Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Tourism Group Duty Free'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.

China Tourism Group Duty Free Cyclically Adjusted Price-to-FCF Chart

China Tourism Group Duty Free 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 143.84 294.54 165.09 225.31 54.36

China Tourism Group Duty Free 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 145.57 85.70 70.95 54.36 48.56

Competitive Comparison of China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, China Tourism Group Duty Free'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.


China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF falls into.



China Tourism Group Duty Free 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.

China Tourism Group Duty Free's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71.00/1.76
=40.34

* 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.

China Tourism Group Duty Free's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Tourism Group Duty Free'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)
=2.333/115.2271*115.2271
=2.333

Current CPI (Mar. 2024) = 115.2271.

China Tourism Group Duty Free Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.156 98.200 -0.183
201409 0.215 98.900 0.250
201412 0.209 99.000 0.243
201503 0.158 99.900 0.182
201506 -0.095 99.500 -0.110
201509 0.280 100.500 0.321
201512 0.111 100.600 0.127
201603 0.434 102.200 0.489
201606 -0.010 101.400 -0.011
201609 0.382 102.400 0.430
201612 0.287 102.600 0.322
201703 0.122 103.200 0.136
201706 0.629 103.100 0.703
201709 0.381 104.100 0.422
201712 0.263 104.500 0.290
201803 1.042 105.300 1.140
201806 -0.009 104.900 -0.010
201809 0.488 106.600 0.527
201812 -0.937 106.500 -1.014
201903 1.454 107.700 1.556
201906 -0.569 107.700 -0.609
201909 0.433 109.800 0.454
201912 -0.496 111.200 -0.514
202003 -0.559 112.300 -0.574
202006 2.540 110.400 2.651
202009 1.023 111.700 1.055
202012 0.565 111.500 0.584
202103 -0.092 112.662 -0.094
202106 0.207 111.769 0.213
202109 0.975 112.215 1.001
202112 2.072 113.108 2.111
202203 -0.929 114.335 -0.936
202206 -1.479 114.558 -1.488
202209 -0.724 115.339 -0.723
202212 -0.131 115.116 -0.131
202303 3.391 115.116 3.394
202306 0.344 114.558 0.346
202309 2.105 115.339 2.103
202312 0.600 114.781 0.602
202403 2.333 115.227 2.333

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.


China Tourism Group Duty Free  (SHSE:601888) 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.


China Tourism Group Duty Free Cyclically Adjusted Price-to-FCF Related Terms

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China Tourism Group Duty Free (SHSE:601888) Business Description

Traded in Other Exchanges
Address
No. 2A, Dongzhimenwai Street, 8th Floor, Block A, Dongcheng District, Beijing, CHN, 100027
China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.

China Tourism Group Duty Free (SHSE:601888) Headlines

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