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Cinda Securities Co (SHSE:601059) Cyclically Adjusted Price-to-FCF : 24.44 (As of Jun. 04, 2024)


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What is Cinda Securities Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Cinda Securities Co's current share price is ¥15.15. Cinda Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.62. Cinda Securities Co's Cyclically Adjusted Price-to-FCF for today is 24.44.

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

SHSE:601059' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.76   Med: 23.98   Max: 25.65
Current: 23.83

During the past years, Cinda Securities Co's highest Cyclically Adjusted Price-to-FCF was 25.65. The lowest was 22.76. And the median was 23.98.

SHSE:601059's Cyclically Adjusted Price-to-FCF is ranked worse than
60.08% of 238 companies
in the Capital Markets industry
Industry Median: 18.385 vs SHSE:601059: 23.83

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.

Cinda Securities Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.759. 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 ¥0.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cinda Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cinda Securities 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.

Cinda Securities Co Cyclically Adjusted Price-to-FCF Chart

Cinda Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Cinda Securities Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 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 - - - - 24.49

Competitive Comparison of Cinda Securities Co's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Cinda Securities 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.


Cinda Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cinda Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cinda Securities 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.

Cinda Securities Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.15/0.62
=24.44

* 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.

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

For example, Cinda Securities 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)
=-0.759/115.2271*115.2271
=-0.759

Current CPI (Mar. 2024) = 115.2271.

Cinda Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200712 0.000 82.911 0.000
200812 0.000 83.956 0.000
200912 0.000 85.386 0.000
201012 0.000 89.289 0.000
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201306 0.000 95.984 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201512 0.000 100.600 0.000
201606 0.000 101.400 0.000
201609 0.000 102.400 0.000
201612 0.000 102.600 0.000
201703 0.000 103.200 0.000
201706 0.000 103.100 0.000
201712 0.000 104.500 0.000
201806 0.000 104.900 0.000
201809 0.000 106.600 0.000
201812 0.000 106.500 0.000
201903 1.826 107.700 1.954
201906 0.064 107.700 0.068
201909 0.962 109.800 1.010
201912 -1.239 111.200 -1.284
202006 0.000 110.400 0.000
202009 0.714 111.700 0.737
202012 -0.811 111.500 -0.838
202103 -0.473 112.662 -0.484
202106 0.175 111.769 0.180
202109 -0.258 112.215 -0.265
202112 -0.729 113.108 -0.743
202203 1.320 114.335 1.330
202206 1.195 114.558 1.202
202209 -0.059 115.339 -0.059
202212 0.101 115.116 0.101
202303 0.923 115.116 0.924
202306 -1.068 114.558 -1.074
202309 0.659 115.339 0.658
202312 0.280 114.781 0.281
202403 -0.759 115.227 -0.759

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.


Cinda Securities Co  (SHSE:601059) 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.


Cinda Securities Co Cyclically Adjusted Price-to-FCF Related Terms

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


Cinda Securities Co (SHSE:601059) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Naoshikou Street, Building 1, Courtyard, Xicheng District, Beijing, CHN, 100031
Cinda Securities Co Ltd offers securities services. It provides securities brokerage; securities investment consulting; financial advisors related to securities trading and securities investment activities; securities underwriting and sponsorship; securities self-operation; securities asset management; margin financing and securities lending and agency sales of financial products.

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