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China State Construction International Holdings (HKSE:03311) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is China State Construction International Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China State Construction International Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China State Construction International 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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China State Construction International Holdings Cyclically Adjusted Price-to-FCF Chart

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

For the Engineering & Construction subindustry, China State Construction International 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.


China State Construction International Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, China State Construction International Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China State Construction International 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.

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

For example, China State Construction International 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)
=-0.013/117.2957*117.2957
=-0.013

Current CPI (Dec23) = 117.2957.

China State Construction International Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.557 99.707 -0.655
201512 -0.037 102.015 -0.043
201612 0.610 103.225 0.693
201712 -1.366 104.984 -1.526
201812 -0.541 107.622 -0.590
201912 -0.635 110.700 -0.673
202012 -1.006 109.711 -1.076
202112 -0.246 112.349 -0.257
202212 -0.030 114.548 -0.031
202312 -0.013 117.296 -0.013

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.


China State Construction International Holdings  (HKSE:03311) 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.


China State Construction International Holdings Cyclically Adjusted Price-to-FCF Related Terms

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China State Construction International Holdings (HKSE:03311) Business Description

Traded in Other Exchanges
Address
139 Hennessy Road, 28th Floor, China Overseas Building, Wanchai, HKG
China State Construction International Holdings Ltd is engaged in the construction business. The company's activities include construction, project consultancy services, thermoelectricity business, infrastructure project investments, toll road operation, and facade contracting business. The company reports in the following segments Mainland China, Hong Kong, Macau and CSC Development Group. It derives a majority of its revenue from Mainland China.

China State Construction International Holdings (HKSE:03311) Headlines

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