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Harbin Electric Co (FRA:HP6H) Cyclically Adjusted Price-to-FCF : 7.55 (As of May. 23, 2024)


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What is Harbin Electric Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Harbin Electric Co's current share price is €0.302. Harbin Electric Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €0.04. Harbin Electric Co's Cyclically Adjusted Price-to-FCF for today is 7.55.

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

FRA:HP6H' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.37   Med: 11.86   Max: 456
Current: 7.83

During the past 13 years, Harbin Electric Co's highest Cyclically Adjusted Price-to-FCF was 456.00. The lowest was 5.37. And the median was 11.86.

FRA:HP6H's Cyclically Adjusted Price-to-FCF is ranked better than
93.65% of 1008 companies
in the Industrial Products industry
Industry Median: 33.585 vs FRA:HP6H: 7.83

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.

Harbin Electric Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €0.083. 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 €0.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Harbin Electric Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Harbin Electric 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.

Harbin Electric Co Cyclically Adjusted Price-to-FCF Chart

Harbin Electric 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 - - - 9.56 5.93

Harbin Electric Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 9.56 - 5.93

Competitive Comparison of Harbin Electric Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Harbin Electric 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.


Harbin Electric Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

* The bar in red indicates where Harbin Electric Co's Cyclically Adjusted Price-to-FCF falls into.



Harbin Electric 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.

Harbin Electric Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.302/0.04
=7.55

* 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.

Harbin Electric Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Harbin Electric Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.083/114.7809*114.7809
=0.083

Current CPI (Dec23) = 114.7809.

Harbin Electric Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.072 99.000 0.083
201512 0.399 100.600 0.455
201612 0.058 102.600 0.065
201712 -0.344 104.500 -0.378
201812 -0.077 106.500 -0.083
201912 -0.291 111.200 -0.300
202012 0.113 111.500 0.116
202112 0.054 113.108 0.055
202212 0.348 115.116 0.347
202312 0.083 114.781 0.083

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.


Harbin Electric Co  (FRA:HP6H) 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.


Harbin Electric Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Harbin Electric Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Harbin Electric Co (FRA:HP6H) Business Description

Traded in Other Exchanges
Address
1399 Chuangxinyi Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028
Harbin Electric Co Ltd is a China-based manufacturer of power plant equipment. The company operates in six segments: Thermal power equipment, Hydropower equipment, Power station engineering services, Power station auxiliary equipment and ancillary products, Nuclear products, AC & DC motors, and others. Some of its products are grade boilers, steam turbines, steam turbine generators, voltage stabilizers, gasifiers, nuclear main pump motors, passive surplus drains, petrochemical vessels & axial fans, and power station auxiliary equipment. Its geographical segments are China, which accounts for the majority of revenue; Pakistan; the United Arab Emirates; Ecuador; Iraq; and other countries.

Harbin Electric Co (FRA:HP6H) Headlines

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