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China State Construction Engineering (SHSE:601668) Cyclically Adjusted Price-to-FCF : (As of May. 13, 2024)


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What is China State Construction Engineering Cyclically Adjusted Price-to-FCF?

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China State Construction Engineering Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China State Construction Engineering'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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China State Construction Engineering Cyclically Adjusted Price-to-FCF Chart

China State Construction Engineering Annual Data
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Cyclically Adjusted Price-to-FCF
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China State Construction Engineering 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 China State Construction Engineering's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, China State Construction Engineering'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.


China State Construction Engineering's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, China State Construction Engineering's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China State Construction Engineering's Cyclically Adjusted Price-to-FCF falls into.



China State Construction Engineering 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.

China State Construction Engineering's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China State Construction Engineering'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)
=-2.44/114.6694*114.6694
=-2.440

Current CPI (Mar. 2024) = 114.6694.

China State Construction Engineering Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.023 98.200 -0.027
201409 -0.319 98.900 -0.370
201412 1.474 99.000 1.707
201503 -1.233 99.900 -1.415
201506 0.309 99.500 0.356
201509 0.294 100.500 0.335
201512 1.516 100.600 1.728
201603 -0.921 102.200 -1.033
201606 0.861 101.400 0.974
201609 0.333 102.400 0.373
201612 1.742 102.600 1.947
201703 -1.682 103.200 -1.869
201706 0.025 103.100 0.028
201709 -0.383 104.100 -0.422
201712 0.537 104.500 0.589
201803 -2.139 105.300 -2.329
201806 0.535 104.900 0.585
201809 -0.131 106.600 -0.141
201812 1.388 106.500 1.494
201903 -2.402 107.700 -2.557
201906 0.169 107.700 0.180
201909 -0.593 109.800 -0.619
201912 1.531 111.200 1.579
202003 -2.185 112.300 -2.231
202006 0.180 110.400 0.187
202009 -0.459 111.700 -0.471
202012 1.782 111.500 1.833
202103 -1.175 112.662 -1.196
202106 -0.414 111.769 -0.425
202109 0.097 112.215 0.099
202112 1.054 113.108 1.069
202203 -3.026 114.335 -3.035
202206 0.971 114.558 0.972
202209 0.383 115.339 0.381
202212 1.151 115.116 1.147
202303 -1.623 115.116 -1.617
202306 1.222 114.558 1.223
202309 -0.217 115.339 -0.216
202312 0.116 114.669 0.116
202403 -2.440 114.669 -2.440

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.


China State Construction Engineering  (SHSE:601668) 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.


China State Construction Engineering Cyclically Adjusted Price-to-FCF Related Terms

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China State Construction Engineering (SHSE:601668) Business Description

Traded in Other Exchanges
N/A
Address
Anding Road, Building 3, Courtyard 5, China Construction Fortune International Center, Chaoyang District, Beijing, CHN, 100029
China State Construction Engineering Corp Ltd is a construction and real estate conglomerate. Its operating segments are Building construction engineering, Infrastructure construction & investment, Real estate development & investment, Prospecting & design, and Others. The majority of its revenue comes from the Building construction engineering segment. The company undertakes construction, installation, and consulting of domestic and domestic public and civil building construction projects; investment and construction of infrastructure projects; real estate investment and development at home and abroad; survey and design of construction; decoration engineering, and garden engineering. Geographically it generates a vast majority of its revenue from Mainland China.

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