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China Railway Construction (FRA:4FF) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


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

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

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

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

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

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



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

For example, China Railway Construction'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)
=-0.468/115.2271*115.2271
=-0.468

Current CPI (Mar. 2024) = 115.2271.

China Railway Construction Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.166 98.200 -0.195
201409 -0.064 98.900 -0.075
201412 0.130 99.000 0.151
201503 -0.084 99.900 -0.097
201506 0.031 99.500 0.036
201509 -0.017 100.500 -0.019
201512 0.320 100.600 0.367
201603 -0.173 102.200 -0.195
201606 -0.091 101.400 -0.103
201609 -0.019 102.400 -0.021
201612 0.353 102.600 0.396
201703 -0.251 103.200 -0.280
201706 -0.106 103.100 -0.118
201709 0.000 104.100 0.000
201712 0.264 104.500 0.291
201803 -0.417 105.300 -0.456
201806 -0.095 104.900 -0.104
201809 -0.085 106.600 -0.092
201812 0.353 106.500 0.382
201903 -0.406 107.700 -0.434
201906 0.008 107.700 0.009
201909 0.041 109.800 0.043
201912 0.406 111.200 0.421
202003 -0.381 112.300 -0.391
202006 -0.101 110.400 -0.105
202009 0.097 111.700 0.100
202012 0.471 111.500 0.487
202103 -0.445 112.662 -0.455
202106 -0.127 111.769 -0.131
202109 -0.013 112.215 -0.013
202112 0.298 113.108 0.304
202203 -0.455 114.335 -0.459
202206 0.138 114.558 0.139
202209 0.079 115.339 0.079
202212 0.474 115.116 0.474
202303 -0.434 115.116 -0.434
202306 0.124 114.558 0.125
202309 -0.251 115.339 -0.251
202312 0.419 114.781 0.421
202403 -0.468 115.227 -0.468

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 Construction  (FRA:4FF) 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 Construction Cyclically Adjusted Price-to-FCF Related Terms

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China Railway Construction (FRA:4FF) Business Description

Traded in Other Exchanges
Address
East, No. 40 Fuxing Road, Haidian District, Beijing, CHN, 100855
China Railway Construction Corp Ltd operates as an infrastructure construction firm. It largely derives contracting revenue. It builds railways, highways and municipal works, such as subways and light rail systems. The company also engages in survey and design, manufacturing, logistics, and property development. It operates the following business segment: Construction; Survey, Design, and Consultancy; Manufacturing; Real Estate; and Other Business Operations. Most of the firm's revenue gets dominated by the Construction segment that engages in the construction of infrastructure such as railways, highways, metropolitan railways, and real estate projects.

China Railway Construction (FRA:4FF) Headlines

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