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3SBio (HKSE:01530) Cyclically Adjusted Price-to-FCF : 18.08 (As of May. 28, 2024)


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What is 3SBio Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), 3SBio's current share price is HK$6.51. 3SBio's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.36. 3SBio's Cyclically Adjusted Price-to-FCF for today is 18.08.

The historical rank and industry rank for 3SBio's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01530' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.78   Med: 16.53   Max: 19.44
Current: 17.16

During the past 10 years, 3SBio's highest Cyclically Adjusted Price-to-FCF was 19.44. The lowest was 13.78. And the median was 16.53.

HKSE:01530's Cyclically Adjusted Price-to-FCF is ranked better than
88.46% of 104 companies
in the Biotechnology industry
Industry Median: 52.385 vs HKSE:01530: 17.16

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.

3SBio's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.618. 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$0.36 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


3SBio Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for 3SBio'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.

3SBio Cyclically Adjusted Price-to-FCF Chart

3SBio 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 - - - - 21.08

3SBio 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 - - - - 21.08

Competitive Comparison of 3SBio's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, 3SBio'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.


3SBio's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 3SBio's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where 3SBio's Cyclically Adjusted Price-to-FCF falls into.



3SBio 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.

3SBio's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.51/0.36
=18.08

* 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.

3SBio's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, 3SBio'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)
=0.618/114.7809*114.7809
=0.618

Current CPI (Dec23) = 114.7809.

3SBio Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.233 99.000 0.270
201512 0.187 100.600 0.213
201612 0.235 102.600 0.263
201712 0.371 104.500 0.407
201812 0.296 106.500 0.319
201912 0.614 111.200 0.634
202012 0.156 111.500 0.161
202112 0.191 113.108 0.194
202212 0.489 115.116 0.488
202312 0.618 114.781 0.618

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.


3SBio  (HKSE:01530) 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.


3SBio Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of 3SBio's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


3SBio (HKSE:01530) Business Description

Industry
Traded in Other Exchanges
Address
No. 3 A1, Road 10, Shenyang Economy and Technology Development Zone, Shenyang, CHN, 110027
3SBio Inc, or 3SBio, is one of the largest and most established biotech drugmakers in China. In 2021, it reported revenue of CNY 6.3 billion. Approximately 90% of its revenue is derived from four core drugs: TPIAO (rhTPO), Yisaipu (biosimilar of etanercept, a TNF-alpha inhibitor), rhEPO, and Mandi (minoxidil). With the exception of minoxidil, an over-the-counter drug, the others are all older generation biologics. Most of the pipeline candidates are "me-too" drugs and in general are still at an early stage.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Lou Jing 2305 Beneficiary of a trust
Jpmorgan Chase & Co. 2502 Approved lending agent
Hsbc Holdings Plc 2302 Custodian
Citic Securities Company Limited 2201 Interest of corporation controlled by you
Citron Pe Associates, L.p. 2201 Interest of corporation controlled by you
Citron Pe Funds Limited 2201 Interest of corporation controlled by you
Citron Pe Holdings Limited 2201 Interest of corporation controlled by you
Cpechina Fund, L.p. 2201 Interest of corporation controlled by you
Cs Sunshine Investment Limited 2101 Beneficial owner
Tmf (cayman) Ltd. 2301 Trustee
Xing Lily
Century Sunshine Limited
Decade Sunshine Limited
Lambda International Limited

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