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Huangshan Tourism Development Co (SHSE:600054) Cyclically Adjusted Price-to-FCF : 34.71 (As of May. 31, 2024)


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What is Huangshan Tourism Development Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), Huangshan Tourism Development Co's current share price is ¥12.15. Huangshan Tourism Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.35. Huangshan Tourism Development Co's Cyclically Adjusted Price-to-FCF for today is 34.71.

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

SHSE:600054' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.13   Med: 42.2   Max: 1495
Current: 33.87

During the past years, Huangshan Tourism Development Co's highest Cyclically Adjusted Price-to-FCF was 1495.00. The lowest was 26.13. And the median was 42.20.

SHSE:600054's Cyclically Adjusted Price-to-FCF is ranked worse than
65.44% of 353 companies
in the Travel & Leisure industry
Industry Median: 21.86 vs SHSE:600054: 33.87

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.

Huangshan Tourism Development Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.108. 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 ¥0.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huangshan Tourism Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Huangshan Tourism Development 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.

Huangshan Tourism Development Co Cyclically Adjusted Price-to-FCF Chart

Huangshan Tourism Development 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 29.72 33.60 33.56 45.27 32.09

Huangshan Tourism Development 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 44.98 39.39 35.55 32.09 34.63

Competitive Comparison of Huangshan Tourism Development Co's Cyclically Adjusted Price-to-FCF

For the Lodging subindustry, Huangshan Tourism Development 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.


Huangshan Tourism Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Huangshan Tourism Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Huangshan Tourism Development Co's Cyclically Adjusted Price-to-FCF falls into.



Huangshan Tourism Development 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.

Huangshan Tourism Development Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.15/0.35
=34.71

* 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.

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

For example, Huangshan Tourism Development 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)
=-0.108/115.2271*115.2271
=-0.108

Current CPI (Mar. 2024) = 115.2271.

Huangshan Tourism Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.115 98.200 0.135
201409 0.275 98.900 0.320
201412 0.140 99.000 0.163
201503 -0.108 99.900 -0.125
201506 0.135 99.500 0.156
201509 0.410 100.500 0.470
201512 0.343 100.600 0.393
201603 -0.042 102.200 -0.047
201606 0.222 101.400 0.252
201609 0.261 102.400 0.294
201612 0.137 102.600 0.154
201703 0.051 103.200 0.057
201706 0.192 103.100 0.215
201709 0.295 104.100 0.327
201712 0.096 104.500 0.106
201803 -0.065 105.300 -0.071
201806 0.233 104.900 0.256
201809 0.315 106.600 0.340
201812 0.009 106.500 0.010
201903 -0.118 107.700 -0.126
201906 0.178 107.700 0.190
201909 0.235 109.800 0.247
201912 -0.031 111.200 -0.032
202003 -0.246 112.300 -0.252
202006 -0.066 110.400 -0.069
202009 0.049 111.700 0.051
202012 -0.020 111.500 -0.021
202103 -0.111 112.662 -0.114
202106 -0.015 111.769 -0.015
202109 -0.072 112.215 -0.074
202112 -0.056 113.108 -0.057
202203 -0.195 114.335 -0.197
202206 -0.097 114.558 -0.098
202209 0.266 115.339 0.266
202212 -0.164 115.116 -0.164
202303 0.066 115.116 0.066
202306 0.239 114.558 0.240
202309 0.392 115.339 0.392
202312 -0.001 114.781 -0.001
202403 -0.108 115.227 -0.108

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.


Huangshan Tourism Development Co  (SHSE:600054) 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.


Huangshan Tourism Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Huangshan Tourism Development Co (SHSE:600054) Business Description

Traded in Other Exchanges
Address
No. 5 Tiandu Avenue, Tunxi District, Anhui Province, Huangshan, CHN, 245000
Huangshan Tourism Development Co Ltd is principally engaged in providing travel and hotel services. The Company is also involved in landscape development, cableway passenger transportation and food services.
Executives
Ye Zheng Jun Director

Huangshan Tourism Development Co (SHSE:600054) Headlines

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