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Comtec Solar Systems Group (HKSE:00712) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Comtec Solar Systems Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Comtec Solar Systems Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Comtec Solar Systems 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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Comtec Solar Systems Group Cyclically Adjusted Price-to-FCF Chart

Comtec Solar Systems Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Comtec Solar Systems Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Comtec Solar Systems Group's Cyclically Adjusted Price-to-FCF

For the Solar subindustry, Comtec Solar Systems 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.


Comtec Solar Systems Group's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Comtec Solar Systems Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Comtec Solar Systems Group's Cyclically Adjusted Price-to-FCF falls into.



Comtec Solar Systems 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.

Comtec Solar Systems Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Comtec Solar Systems Group'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)
=-0.028/114.7809*114.7809
=-0.028

Current CPI (Dec23) = 114.7809.

Comtec Solar Systems Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.112 99.000 -1.289
201512 0.143 100.600 0.163
201612 0.120 102.600 0.134
201712 -0.469 104.500 -0.515
201812 -0.105 106.500 -0.113
201912 -0.005 111.200 -0.005
202012 -0.018 111.500 -0.019
202112 0.001 113.108 0.001
202212 0.194 115.116 0.193
202312 -0.028 114.781 -0.028

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.


Comtec Solar Systems Group  (HKSE:00712) 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.


Comtec Solar Systems Group Cyclically Adjusted Price-to-FCF Related Terms

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Comtec Solar Systems Group (HKSE:00712) Business Description

Traded in Other Exchanges
Address
No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN
Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Comtec Solar Systems Group (HKSE:00712) Headlines

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