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Tianjin Capital Environmental Protection Group Co (SHSE:600874) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Tianjin Capital Environmental Protection Group Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tianjin Capital Environmental Protection Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tianjin Capital Environmental Protection Group 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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Tianjin Capital Environmental Protection Group Co Cyclically Adjusted Price-to-FCF Chart

Tianjin Capital Environmental Protection Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group Co's Cyclically Adjusted Price-to-FCF

For the Waste Management subindustry, Tianjin Capital Environmental Protection Group 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.


Tianjin Capital Environmental Protection Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tianjin Capital Environmental Protection Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tianjin Capital Environmental Protection Group Co's Cyclically Adjusted Price-to-FCF falls into.



Tianjin Capital Environmental Protection Group 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.

Tianjin Capital Environmental Protection Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tianjin Capital Environmental Protection Group 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)
=-0.203/115.2271*115.2271
=-0.203

Current CPI (Mar. 2024) = 115.2271.

Tianjin Capital Environmental Protection Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.211 98.200 0.248
201409 0.031 98.900 0.036
201412 -0.112 99.000 -0.130
201503 0.261 99.900 0.301
201506 1.001 99.500 1.159
201509 0.052 100.500 0.060
201512 0.018 100.600 0.021
201603 -0.109 102.200 -0.123
201606 0.150 101.400 0.170
201609 0.039 102.400 0.044
201612 -0.108 102.600 -0.121
201703 -0.047 103.200 -0.052
201706 -0.016 103.100 -0.018
201709 -0.062 104.100 -0.069
201712 0.679 104.500 0.749
201803 -0.307 105.300 -0.336
201806 0.054 104.900 0.059
201809 -0.156 106.600 -0.169
201812 -0.381 106.500 -0.412
201903 -0.341 107.700 -0.365
201906 -0.041 107.700 -0.044
201909 -0.341 109.800 -0.358
201912 -0.107 111.200 -0.111
202003 -0.333 112.300 -0.342
202006 -0.023 110.400 -0.024
202009 -0.106 111.700 -0.109
202012 -0.242 111.500 -0.250
202103 -0.183 112.662 -0.187
202106 0.291 111.769 0.300
202109 -0.041 112.215 -0.042
202112 0.002 113.108 0.002
202203 -0.004 114.335 -0.004
202206 -0.005 114.558 -0.005
202209 0.186 115.339 0.186
202212 -0.012 115.116 -0.012
202303 -0.436 115.116 -0.436
202306 0.212 114.558 0.213
202309 -0.078 115.339 -0.078
202312 -0.122 114.781 -0.122
202403 -0.203 115.227 -0.203

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.


Tianjin Capital Environmental Protection Group Co  (SHSE:600874) 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.


Tianjin Capital Environmental Protection Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Tianjin Capital Environmental Protection Group Co (SHSE:600874) Business Description

Traded in Other Exchanges
Address
No. 76, Weijin South Road, 12th Floor, TCEP Building, Nankai District, Tianjin, CHN, 300381
Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company mainly engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of the related facility, the supply of tap water, recycled water. The company also provides a heating and cooling supply service which includes design, construction, operations, and transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company manages is business mainly in five segments; Sewage processing and facility, recycled water and pipeline connection, heating and cooling services, tap water operations and sale of environmental protection equipment. The company earns majority of its revenue from China.

Tianjin Capital Environmental Protection Group Co (SHSE:600874) Headlines

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