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Jiangsu Expressway Co (HKSE:00177) Cyclically Adjusted Price-to-FCF : 30.14 (As of Jun. 10, 2024)


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What is Jiangsu Expressway Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Jiangsu Expressway Co's current share price is HK$8.44. Jiangsu Expressway Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$0.28. Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF for today is 30.14.

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

HKSE:00177' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.76   Med: 16.9   Max: 30.53
Current: 29.92

During the past years, Jiangsu Expressway Co's highest Cyclically Adjusted Price-to-FCF was 30.53. The lowest was 12.76. And the median was 16.90.

HKSE:00177's Cyclically Adjusted Price-to-FCF is ranked worse than
69.69% of 584 companies
in the Construction industry
Industry Median: 17.7 vs HKSE:00177: 29.92

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.

Jiangsu Expressway Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$0.219. 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 HK$0.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Expressway Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co Cyclically Adjusted Price-to-FCF Chart

Jiangsu Expressway 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 18.69 18.62 20.09 20.96 25.89

Jiangsu Expressway 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 21.29 24.26 25.85 25.89 28.99

Competitive Comparison of Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF

For the Infrastructure Operations subindustry, Jiangsu Expressway 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.


Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



Jiangsu Expressway 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.

Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.44/0.28
=30.14

* 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.

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

For example, Jiangsu Expressway 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)
=0.219/115.2271*115.2271
=0.219

Current CPI (Mar. 2024) = 115.2271.

Jiangsu Expressway Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.274 98.200 0.322
201409 0.193 98.900 0.225
201412 0.187 99.000 0.218
201503 0.165 99.900 0.190
201506 0.258 99.500 0.299
201509 0.227 100.500 0.260
201512 0.249 100.600 0.285
201603 0.299 102.200 0.337
201606 0.328 101.400 0.373
201609 0.295 102.400 0.332
201612 0.208 102.600 0.234
201703 0.082 103.200 0.092
201706 0.000 103.100 0.000
201709 -0.556 104.100 -0.615
201712 -0.042 104.500 -0.046
201803 0.010 105.300 0.011
201806 0.311 104.900 0.342
201809 0.132 106.600 0.143
201812 0.058 106.500 0.063
201903 0.139 107.700 0.149
201906 0.192 107.700 0.205
201909 0.112 109.800 0.118
201912 -0.231 111.200 -0.239
202003 -0.192 112.300 -0.197
202006 -0.125 110.400 -0.130
202009 0.027 111.700 0.028
202012 0.051 111.500 0.053
202103 -0.044 112.662 -0.045
202106 0.338 111.769 0.348
202109 -0.176 112.215 -0.181
202112 0.106 113.108 0.108
202203 0.212 114.335 0.214
202206 0.188 114.558 0.189
202209 -0.035 115.339 -0.035
202212 -0.007 115.116 -0.007
202303 0.214 115.116 0.214
202306 0.324 114.558 0.326
202309 0.152 115.339 0.152
202312 0.095 114.781 0.095
202403 0.219 115.227 0.219

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.


Jiangsu Expressway Co  (HKSE:00177) 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.


Jiangsu Expressway Co Cyclically Adjusted Price-to-FCF Related Terms

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


Jiangsu Expressway Co (HKSE:00177) Business Description

Address
6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.
Executives
Citigroup Inc. 2502 Approved lending agent
Jpmorgan Chase & Co. 2502 Approved lending agent
Blackrock, Inc. 2201 Interest of corporation controlled by you
Mitsubishi Ufj Financial Group, Inc. 2201 Interest of corporation controlled by you
Newton Investment Management Limited 2102 Investment manager

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