GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Spacesat Co Ltd (SHSE:600118) » Definitions » Cyclically Adjusted Price-to-FCF

China Spacesat Co (SHSE:600118) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


View and export this data going back to 1997. Start your Free Trial

What is China Spacesat Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Spacesat Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Spacesat 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.

China Spacesat Co Cyclically Adjusted Price-to-FCF Chart

China Spacesat 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 - - - - -

China Spacesat 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 - - - - -

Competitive Comparison of China Spacesat Co's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, China Spacesat 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.


China Spacesat Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Spacesat Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Spacesat Co's Cyclically Adjusted Price-to-FCF falls into.



China Spacesat 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.

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

For example, China Spacesat 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)
=-0.295/115.2271*115.2271
=-0.295

Current CPI (Mar. 2024) = 115.2271.

China Spacesat Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.011 98.200 0.013
201409 -0.073 98.900 -0.085
201412 0.243 99.000 0.283
201503 -0.283 99.900 -0.326
201506 -0.156 99.500 -0.181
201509 -0.079 100.500 -0.091
201512 0.121 100.600 0.139
201603 -0.290 102.200 -0.327
201606 -0.340 101.400 -0.386
201609 -0.328 102.400 -0.369
201612 1.109 102.600 1.245
201703 -0.382 103.200 -0.427
201706 -0.357 103.100 -0.399
201709 -0.314 104.100 -0.348
201712 0.478 104.500 0.527
201803 -0.164 105.300 -0.179
201806 -0.398 104.900 -0.437
201809 0.096 106.600 0.104
201812 0.998 106.500 1.080
201903 -0.358 107.700 -0.383
201906 -0.019 107.700 -0.020
201909 0.252 109.800 0.264
201912 -0.678 111.200 -0.703
202003 0.061 112.300 0.063
202006 -0.029 110.400 -0.030
202009 0.340 111.700 0.351
202012 -0.741 111.500 -0.766
202103 -0.184 112.662 -0.188
202106 0.390 111.769 0.402
202109 0.091 112.215 0.093
202112 1.282 113.108 1.306
202203 -0.353 114.335 -0.356
202206 -0.273 114.558 -0.275
202209 -0.096 115.339 -0.096
202212 0.797 115.116 0.798
202303 -0.459 115.116 -0.459
202306 -0.077 114.558 -0.077
202309 -0.337 115.339 -0.337
202312 -0.167 114.781 -0.168
202403 -0.295 115.227 -0.295

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 Spacesat Co  (SHSE:600118) 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 Spacesat Co Cyclically Adjusted Price-to-FCF Related Terms

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


China Spacesat Co (SHSE:600118) Business Description

Traded in Other Exchanges
N/A
Address
No. 31 Zhongguancun South Street, Shenzhou Tower, 12F, Haidian District, Beijing, Beijing, CHN, 100081
China Spacesat Co Ltd is a China-based company engages in the development of small satellites, satellite ground systems, and related equipment. Its products offer aerospace system integration, large-scale ground station systems integration, satellite communications applications, satellite navigation applications and information transmission. The company operates its business in North China, northwest of China and South China.
Executives
Yan Zhong Wen Director
Wang Li senior management
Wan Yin Juan senior management

China Spacesat Co (SHSE:600118) Headlines

No Headlines