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Shandong Homey Aquatic Development Co (SHSE:600467) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Shandong Homey Aquatic Development Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Homey Aquatic Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shandong Homey Aquatic 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.

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Shandong Homey Aquatic Development Co Cyclically Adjusted Price-to-FCF Chart

Shandong Homey Aquatic Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Shandong Homey Aquatic Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Shandong Homey Aquatic Development Co's Cyclically Adjusted Price-to-FCF

For the Farm Products subindustry, Shandong Homey Aquatic 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.


Shandong Homey Aquatic Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Homey Aquatic Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Shandong Homey Aquatic 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.

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

For example, Shandong Homey Aquatic 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)
=-0.059/115.2271*115.2271
=-0.059

Current CPI (Mar. 2024) = 115.2271.

Shandong Homey Aquatic Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.054 98.200 -0.063
201409 -0.079 98.900 -0.092
201412 0.112 99.000 0.130
201503 -0.081 99.900 -0.093
201506 0.022 99.500 0.025
201509 -0.204 100.500 -0.234
201512 0.148 100.600 0.170
201603 0.004 102.200 0.005
201606 -0.050 101.400 -0.057
201609 -0.102 102.400 -0.115
201612 0.183 102.600 0.206
201703 -0.031 103.200 -0.035
201706 -0.054 103.100 -0.060
201709 -0.080 104.100 -0.089
201712 0.089 104.500 0.098
201803 -0.023 105.300 -0.025
201806 -0.014 104.900 -0.015
201809 0.087 106.600 0.094
201812 -0.090 106.500 -0.097
201903 -0.093 107.700 -0.099
201906 0.072 107.700 0.077
201909 0.029 109.800 0.030
201912 0.074 111.200 0.077
202003 -0.010 112.300 -0.010
202006 0.030 110.400 0.031
202009 -0.019 111.700 -0.020
202012 -0.020 111.500 -0.021
202103 -0.003 112.662 -0.003
202106 -0.015 111.769 -0.015
202109 -0.042 112.215 -0.043
202112 0.155 113.108 0.158
202203 -0.012 114.335 -0.012
202206 -0.011 114.558 -0.011
202209 0.021 115.339 0.021
202212 0.080 115.116 0.080
202303 -0.002 115.116 -0.002
202306 -0.023 114.558 -0.023
202309 0.017 115.339 0.017
202312 0.073 114.781 0.073
202403 -0.059 115.227 -0.059

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.


Shandong Homey Aquatic Development Co  (SHSE:600467) 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.


Shandong Homey Aquatic Development Co Cyclically Adjusted Price-to-FCF Related Terms

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Shandong Homey Aquatic Development Co (SHSE:600467) Business Description

Traded in Other Exchanges
N/A
Address
Shazuizi, Hushan Town, Rongcheng, Shandong, CHN, 264305
Shandong Homey Aquatic Development Co Ltd is engaged in the aquaculture and food processing businesses in China. Its products include sea cucumber, sea bream, abalone, prawn, kelp, clam, loach and other sea treasures, all of which are medium and high-grade seafood. Its other products include frozen food, aquatic products, health tonic series, beverage series products and salted aquatic products. The company distributes its products within domestic market and to overseas markets.

Shandong Homey Aquatic Development Co (SHSE:600467) Headlines

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