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Fujian Qingshan Paper Industry Co (SHSE:600103) Cyclically Adjusted Price-to-FCF : 47.25 (As of Jun. 09, 2024)


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What is Fujian Qingshan Paper Industry Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Fujian Qingshan Paper Industry Co's current share price is ¥1.89. Fujian Qingshan Paper Industry Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.04. Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF for today is 47.25.

The historical rank and industry rank for Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:600103' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 37.5   Med: 49.2   Max: 296
Current: 50.85

During the past years, Fujian Qingshan Paper Industry Co's highest Cyclically Adjusted Price-to-FCF was 296.00. The lowest was 37.50. And the median was 49.20.

SHSE:600103's Cyclically Adjusted Price-to-FCF is ranked worse than
84.25% of 127 companies
in the Forest Products industry
Industry Median: 17.1 vs SHSE:600103: 50.85

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.

Fujian Qingshan Paper Industry Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.077. 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 ¥0.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujian Qingshan Paper Industry Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fujian Qingshan Paper Industry 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.

Fujian Qingshan Paper Industry Co Cyclically Adjusted Price-to-FCF Chart

Fujian Qingshan Paper Industry 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 - - 195.59 40.09 48.77

Fujian Qingshan Paper Industry 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 45.82 61.42 47.76 48.77 57.03

Competitive Comparison of Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry 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.


Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF falls into.



Fujian Qingshan Paper Industry 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.

Fujian Qingshan Paper Industry Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.89/0.04
=47.25

* 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.

Fujian Qingshan Paper Industry Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fujian Qingshan Paper Industry 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)
=-0.077/115.2271*115.2271
=-0.077

Current CPI (Mar. 2024) = 115.2271.

Fujian Qingshan Paper Industry Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.039 98.200 -0.046
201409 0.041 98.900 0.048
201412 0.032 99.000 0.037
201503 -0.051 99.900 -0.059
201506 0.015 99.500 0.017
201509 -0.024 100.500 -0.028
201512 0.089 100.600 0.102
201603 0.053 102.200 0.060
201606 0.044 101.400 0.050
201609 -0.167 102.400 -0.188
201612 0.016 102.600 0.018
201703 -0.082 103.200 -0.092
201706 -0.013 103.100 -0.015
201709 -0.001 104.100 -0.001
201712 0.096 104.500 0.106
201803 0.064 105.300 0.070
201806 0.044 104.900 0.048
201809 0.046 106.600 0.050
201812 0.070 106.500 0.076
201903 0.014 107.700 0.015
201906 -0.074 107.700 -0.079
201909 0.006 109.800 0.006
201912 0.003 111.200 0.003
202003 -0.040 112.300 -0.041
202006 -0.048 110.400 -0.050
202009 -0.025 111.700 -0.026
202012 0.111 111.500 0.115
202103 0.031 112.662 0.032
202106 0.054 111.769 0.056
202109 0.001 112.215 0.001
202112 0.086 113.108 0.088
202203 0.047 114.335 0.047
202206 0.064 114.558 0.064
202209 0.014 115.339 0.014
202212 0.005 115.116 0.005
202303 -0.042 115.116 -0.042
202306 -0.082 114.558 -0.082
202309 0.060 115.339 0.060
202312 0.009 114.781 0.009
202403 -0.077 115.227 -0.077

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.


Fujian Qingshan Paper Industry Co  (SHSE:600103) 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.


Fujian Qingshan Paper Industry Co Cyclically Adjusted Price-to-FCF Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Traded in Other Exchanges
N/A
Address
Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
Executives
Yu Zong Yuan Directors, senior managers
Lin Xiao He Director
Pan Qi Xing senior management
Ye Yu Director
Yu Jian Ming senior management
Liang Ming Fu senior management
Lin Yan Rong Director
Liu Jie Director
Zhou Mu Sheng senior management
Huang Feng Shi senior management
Wu Bing Wen senior management

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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