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Weichai Heavy Machinery Co (SZSE:000880) Cyclically Adjusted Price-to-FCF : 20.71 (As of May. 24, 2024)


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What is Weichai Heavy Machinery Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Weichai Heavy Machinery Co's current share price is ¥8.70. Weichai Heavy Machinery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.42. Weichai Heavy Machinery Co's Cyclically Adjusted Price-to-FCF for today is 20.71.

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

SZSE:000880' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.49   Med: 44.39   Max: 466
Current: 21.23

During the past years, Weichai Heavy Machinery Co's highest Cyclically Adjusted Price-to-FCF was 466.00. The lowest was 17.49. And the median was 44.39.

SZSE:000880's Cyclically Adjusted Price-to-FCF is ranked better than
69.44% of 1008 companies
in the Industrial Products industry
Industry Median: 33.585 vs SZSE:000880: 21.23

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.

Weichai Heavy Machinery Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.181. 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 ¥0.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Weichai Heavy Machinery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Weichai Heavy Machinery 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.

Weichai Heavy Machinery Co Cyclically Adjusted Price-to-FCF Chart

Weichai Heavy Machinery 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 130.53 13,067.78 98.82 42.26 26.12

Weichai Heavy Machinery 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 42.74 36.84 30.43 26.12 20.99

Competitive Comparison of Weichai Heavy Machinery Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Weichai Heavy Machinery 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.


Weichai Heavy Machinery Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Weichai Heavy Machinery Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Weichai Heavy Machinery Co's Cyclically Adjusted Price-to-FCF falls into.



Weichai Heavy Machinery 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.

Weichai Heavy Machinery Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.70/0.42
=20.71

* 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.

Weichai Heavy Machinery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Weichai Heavy Machinery 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)
=0.181/115.2271*115.2271
=0.181

Current CPI (Mar. 2024) = 115.2271.

Weichai Heavy Machinery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.351 98.200 0.412
201409 -0.061 98.900 -0.071
201412 -0.075 99.000 -0.087
201503 -0.430 99.900 -0.496
201506 0.207 99.500 0.240
201509 0.269 100.500 0.308
201512 -0.146 100.600 -0.167
201603 -0.059 102.200 -0.067
201606 0.204 101.400 0.232
201609 0.006 102.400 0.007
201612 -0.462 102.600 -0.519
201703 0.158 103.200 0.176
201706 0.365 103.100 0.408
201709 0.197 104.100 0.218
201712 0.306 104.500 0.337
201803 -0.146 105.300 -0.160
201806 -0.077 104.900 -0.085
201809 0.352 106.600 0.380
201812 -0.235 106.500 -0.254
201903 -0.160 107.700 -0.171
201906 0.229 107.700 0.245
201909 0.194 109.800 0.204
201912 -0.003 111.200 -0.003
202003 -0.141 112.300 -0.145
202006 -0.001 110.400 -0.001
202009 0.608 111.700 0.627
202012 0.075 111.500 0.078
202103 0.256 112.662 0.262
202106 0.082 111.769 0.085
202109 0.112 112.215 0.115
202112 -0.074 113.108 -0.075
202203 -0.207 114.335 -0.209
202206 0.550 114.558 0.553
202209 -0.186 115.339 -0.186
202212 0.570 115.116 0.571
202303 0.353 115.116 0.353
202306 0.477 114.558 0.480
202309 0.207 115.339 0.207
202312 0.261 114.781 0.262
202403 0.181 115.227 0.181

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.


Weichai Heavy Machinery Co  (SZSE:000880) 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.


Weichai Heavy Machinery Co Cyclically Adjusted Price-to-FCF Related Terms

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Weichai Heavy Machinery Co (SZSE:000880) Business Description

Traded in Other Exchanges
N/A
Address
No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001
Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

Weichai Heavy Machinery Co (SZSE:000880) Headlines

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