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Brilliance China Automotive Holdings (HKSE:01114) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Brilliance China Automotive Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Brilliance China Automotive Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Brilliance China Automotive Holdings'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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Brilliance China Automotive Holdings Cyclically Adjusted Price-to-FCF Chart

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

For the Auto Manufacturers subindustry, Brilliance China Automotive Holdings'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.


Brilliance China Automotive Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Brilliance China Automotive Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Brilliance China Automotive Holdings's Cyclically Adjusted Price-to-FCF falls into.



Brilliance China Automotive Holdings 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.

Brilliance China Automotive Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Brilliance China Automotive Holdings'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)
=-0.222/117.2957*117.2957
=-0.222

Current CPI (Dec23) = 117.2957.

Brilliance China Automotive Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.008 99.707 0.009
201512 -0.388 102.015 -0.446
201612 -0.299 103.225 -0.340
201712 -0.745 104.984 -0.832
201812 -0.741 107.622 -0.808
201912 -0.335 110.700 -0.355
202012 -0.662 109.711 -0.708
202112 0.336 112.349 0.351
202212 0.279 114.548 0.286
202312 -0.222 117.296 -0.222

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.


Brilliance China Automotive Holdings  (HKSE:01114) 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.


Brilliance China Automotive Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Brilliance China Automotive Holdings (HKSE:01114) Business Description

Traded in Other Exchanges
Address
8 Connaught Road Central, Suites 1602-05, Chater House, Hong Kong, HKG
Based in Liaoning, China, Brilliance China Automotive is a provincial state-owned enterprise that manufactures passenger vehicles, minibuses, and automotive components. Almost all of Brilliance's operating profits come from the passenger vehicle joint venture with BMW. Brilliance also operates a minibus business through a 51%-owned joint venture with Renault.
Executives
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Shen Yang Di Tie Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Yang Cai Rui Qi Che Chan Ye Fa Zhan He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Shen Yang Cai Rui Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Yang Sheng Jing Jin Kong Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Liao Ning Jin Rong Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Yang Qi Che You Xian Gong Si 2201 Interest of corporation controlled by you
Liao Ning Xin Rui Qi Che Chan Ye Fa Zhan You Xian Gong Si 2101 Beneficial owner
Hua Chen Qi Che Ji Tuan Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Baillie Gifford & Co 2102 Investment manager
Morgan Stanley 2201 Interest of corporation controlled by you
Baillie Gifford & Co 2102 Investment manager
Citigroup Inc. 2201 Interest of corporation controlled by you

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