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China Railway Group (China Railway Group) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is China Railway Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Railway Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Railway Group'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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China Railway Group Cyclically Adjusted Price-to-FCF Chart

China Railway Group 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 133.79 51.21 42.19 36.57 58.42

China Railway Group 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 332.68 - - 58.42 -

Competitive Comparison of China Railway Group's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, China Railway Group'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 Railway Group's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



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

For example, China Railway Group'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)
=-0.406/117.7354*117.7354
=-0.406

Current CPI (Mar. 2024) = 117.7354.

China Railway Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.010 96.409 -0.012
201409 0.000 97.948 0.000
201412 0.179 99.707 0.211
201503 -0.066 99.927 -0.078
201506 -0.087 99.267 -0.103
201509 0.042 99.927 0.049
201512 0.205 102.015 0.237
201603 -0.048 102.785 -0.055
201606 -0.007 101.686 -0.008
201609 0.020 102.565 0.023
201612 0.280 103.225 0.319
201703 -0.141 103.335 -0.161
201706 -0.053 103.664 -0.060
201709 0.072 103.994 0.082
201712 0.264 104.984 0.296
201803 -0.202 105.973 -0.224
201806 -0.038 106.193 -0.042
201809 -0.032 106.852 -0.035
201812 0.191 107.622 0.209
201903 -0.247 108.172 -0.269
201906 -0.079 109.601 -0.085
201909 0.043 110.260 0.046
201912 0.310 110.700 0.330
202003 -0.254 110.920 -0.270
202006 -0.077 110.590 -0.082
202009 0.012 107.512 0.013
202012 0.299 109.711 0.321
202103 -0.226 111.579 -0.238
202106 -0.197 111.360 -0.208
202109 0.008 109.051 0.009
202112 0.246 112.349 0.258
202203 -0.349 113.558 -0.362
202206 -0.011 113.448 -0.011
202209 -0.031 113.778 -0.032
202212 0.262 114.548 0.269
202303 -0.258 115.427 -0.263
202306 -0.058 115.647 -0.059
202309 -0.139 116.087 -0.141
202312 0.356 117.296 0.357
202403 -0.406 117.735 -0.406

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 Railway Group  (OTCPK:CRWOF) 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 Railway Group Cyclically Adjusted Price-to-FCF Related Terms

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China Railway Group (China Railway Group) Business Description

Address
49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG
China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.

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