GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Bank of China Ltd (SHSE:601288) » Definitions » Cyclically Adjusted Price-to-FCF

Agricultural Bank of China (SHSE:601288) Cyclically Adjusted Price-to-FCF : 2.29 (As of May. 22, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Agricultural Bank of China Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Agricultural Bank of China's current share price is ¥4.42. Agricultural Bank of China's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.93. Agricultural Bank of China's Cyclically Adjusted Price-to-FCF for today is 2.29.

The historical rank and industry rank for Agricultural Bank of China's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:601288' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.02   Med: 3.47   Max: 4.47
Current: 2.29

During the past years, Agricultural Bank of China's highest Cyclically Adjusted Price-to-FCF was 4.47. The lowest was 2.02. And the median was 3.47.

SHSE:601288's Cyclically Adjusted Price-to-FCF is ranked better than
86.36% of 836 companies
in the Banks industry
Industry Median: 7.425 vs SHSE:601288: 2.29

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.

Agricultural Bank of China's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥2.100. 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 ¥1.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agricultural Bank of China Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Agricultural Bank of China'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.

Agricultural Bank of China Cyclically Adjusted Price-to-FCF Chart

Agricultural Bank of China 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 3.77 3.20 3.00 2.35 2.05

Agricultural Bank of China 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 2.17 2.09 2.25 2.05 2.19

Competitive Comparison of Agricultural Bank of China's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Agricultural Bank of China'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.


Agricultural Bank of China's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Agricultural Bank of China's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Agricultural Bank of China's Cyclically Adjusted Price-to-FCF falls into.



Agricultural Bank of China 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.

Agricultural Bank of China's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.42/1.93
=2.29

* 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.

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

For example, Agricultural Bank of China'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)
=2.1/117.7354*117.7354
=2.100

Current CPI (Mar. 2024) = 117.7354.

Agricultural Bank of China Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.959 96.409 1.171
201409 -1.298 97.948 -1.560
201412 -0.130 99.707 -0.154
201503 1.200 99.927 1.414
201506 0.392 99.267 0.465
201509 -0.039 99.927 -0.046
201512 0.889 102.015 1.026
201603 0.552 102.785 0.632
201606 1.081 101.686 1.252
201609 -0.089 102.565 -0.102
201612 0.545 103.225 0.622
201703 0.838 103.335 0.955
201706 0.149 103.664 0.169
201709 0.776 103.994 0.879
201712 0.085 104.984 0.095
201803 -0.355 105.973 -0.394
201806 -0.328 106.193 -0.364
201809 1.010 106.852 1.113
201812 -0.044 107.622 -0.048
201903 0.731 108.172 0.796
201906 -0.784 109.601 -0.842
201909 0.316 110.260 0.337
201912 0.663 110.700 0.705
202003 0.733 110.920 0.778
202006 -1.600 110.590 -1.703
202009 0.086 107.512 0.094
202012 0.589 109.711 0.632
202103 1.039 111.579 1.096
202106 -0.646 111.360 -0.683
202109 -0.035 109.051 -0.038
202112 0.208 112.349 0.218
202203 1.030 113.558 1.068
202206 1.400 113.448 1.453
202209 1.250 113.778 1.293
202212 -0.203 114.548 -0.209
202303 2.516 115.427 2.566
202306 1.219 115.647 1.241
202309 0.009 116.087 0.009
202312 1.233 117.296 1.238
202403 2.100 117.735 2.100

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.


Agricultural Bank of China  (SHSE:601288) 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.


Agricultural Bank of China Cyclically Adjusted Price-to-FCF Related Terms

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


Agricultural Bank of China (SHSE:601288) Business Description

Traded in Other Exchanges
Address
50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

Agricultural Bank of China (SHSE:601288) Headlines

No Headlines