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Ningbo Zhoushan Port Co (SHSE:601018) Cyclically Adjusted Price-to-FCF : 36.50 (As of May. 15, 2024)


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What is Ningbo Zhoushan Port Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Ningbo Zhoushan Port Co's current share price is ¥3.65. Ningbo Zhoushan Port Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.10. Ningbo Zhoushan Port Co's Cyclically Adjusted Price-to-FCF for today is 36.50.

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

SHSE:601018' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.25   Med: 40.6   Max: 89.67
Current: 36

During the past years, Ningbo Zhoushan Port Co's highest Cyclically Adjusted Price-to-FCF was 89.67. The lowest was 28.25. And the median was 40.60.

SHSE:601018's Cyclically Adjusted Price-to-FCF is ranked worse than
71.87% of 423 companies
in the Transportation industry
Industry Median: 18.45 vs SHSE:601018: 36.00

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.

Ningbo Zhoushan Port Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.115. 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 ¥0.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ningbo Zhoushan Port Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ningbo Zhoushan Port 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.

Ningbo Zhoushan Port Co Cyclically Adjusted Price-to-FCF Chart

Ningbo Zhoushan Port 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 69.67 48.79 37.93 32.41 39.85

Ningbo Zhoushan Port 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 30.77 33.06 32.69 39.85 33.55

Competitive Comparison of Ningbo Zhoushan Port Co's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Ningbo Zhoushan Port 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.


Ningbo Zhoushan Port Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ningbo Zhoushan Port Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ningbo Zhoushan Port Co's Cyclically Adjusted Price-to-FCF falls into.



Ningbo Zhoushan Port 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.

Ningbo Zhoushan Port Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.65/0.1
=36.50

* 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.

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

For example, Ningbo Zhoushan Port 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)
=0.115/114.6694*114.6694
=0.115

Current CPI (Mar. 2024) = 114.6694.

Ningbo Zhoushan Port Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.068 98.200 0.079
201409 -0.020 98.900 -0.023
201412 0.005 99.000 0.006
201503 -0.093 99.900 -0.107
201506 0.164 99.500 0.189
201509 -0.029 100.500 -0.033
201512 -0.065 100.600 -0.074
201603 -0.011 102.200 -0.012
201606 0.087 101.400 0.098
201609 -0.008 102.400 -0.009
201612 0.118 102.600 0.132
201703 -0.097 103.200 -0.108
201706 0.051 103.100 0.057
201709 0.084 104.100 0.093
201712 0.064 104.500 0.070
201803 0.086 105.300 0.094
201806 0.283 104.900 0.309
201809 0.088 106.600 0.095
201812 0.133 106.500 0.143
201903 -0.163 107.700 -0.174
201906 0.051 107.700 0.054
201909 -0.025 109.800 -0.026
201912 -0.068 111.200 -0.070
202003 0.287 112.300 0.293
202006 -0.003 110.400 -0.003
202009 -0.131 111.700 -0.134
202012 0.022 111.500 0.023
202103 -0.103 112.662 -0.105
202106 0.201 111.769 0.206
202109 0.082 112.215 0.084
202112 -0.086 113.108 -0.087
202203 0.045 114.335 0.045
202206 0.104 114.558 0.104
202209 -0.209 115.339 -0.208
202212 -0.015 115.116 -0.015
202303 0.055 115.116 0.055
202306 -0.026 114.558 -0.026
202309 0.029 115.339 0.029
202312 -0.136 114.669 -0.136
202403 0.115 114.669 0.115

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.


Ningbo Zhoushan Port Co  (SHSE:601018) 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.


Ningbo Zhoushan Port Co Cyclically Adjusted Price-to-FCF Related Terms

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Ningbo Zhoushan Port Co (SHSE:601018) Business Description

Traded in Other Exchanges
N/A
Address
No. 269, Ningdong Road, No. 1-4, Ningbo Global Shipping Plaza, Jiangdong District, Zhejiang Province, Ningbo, CHN, 315800
Ningbo Zhoushan Port Co Ltd operates in the ports of Ningbo and Zhoushan, China. The Company handles containers, minerals, crude oil, liquid chemical products and other goods. The company also provides port leasing, ship agency and logistics services.

Ningbo Zhoushan Port Co (SHSE:601018) Headlines

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