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China Everbright Bank Co (SHSE:601818) Cyclically Adjusted Price-to-FCF : 4.89 (As of Jun. 06, 2024)


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What is China Everbright Bank Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), China Everbright Bank Co's current share price is ¥3.18. China Everbright Bank Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.65. China Everbright Bank Co's Cyclically Adjusted Price-to-FCF for today is 4.89.

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

SHSE:601818' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.35   Med: 1.94   Max: 4.98
Current: 4.95

During the past years, China Everbright Bank Co's highest Cyclically Adjusted Price-to-FCF was 4.98. The lowest was 1.35. And the median was 1.94.

SHSE:601818's Cyclically Adjusted Price-to-FCF is ranked better than
68.77% of 826 companies
in the Banks industry
Industry Median: 7.3 vs SHSE:601818: 4.95

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.

China Everbright Bank Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-2.328. 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 ¥0.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Everbright Bank Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Everbright Bank 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.

China Everbright Bank Co Cyclically Adjusted Price-to-FCF Chart

China Everbright Bank 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 2.16 1.85 1.76 2.93 2.79

China Everbright Bank 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 3.73 3.32 2.74 2.79 4.77

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

For the Banks - Regional subindustry, China Everbright Bank 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.


China Everbright Bank Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



China Everbright Bank 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.

China Everbright Bank Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.18/0.65
=4.89

* 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.

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

For example, China Everbright Bank 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)
=-2.328/115.2271*115.2271
=-2.328

Current CPI (Mar. 2024) = 115.2271.

China Everbright Bank Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.137 98.200 -0.161
201409 0.403 98.900 0.470
201412 -0.871 99.000 -1.014
201503 1.909 99.900 2.202
201506 2.397 99.500 2.776
201509 -0.120 100.500 -0.138
201512 0.332 100.600 0.380
201603 1.723 102.200 1.943
201606 4.414 101.400 5.016
201609 -1.828 102.400 -2.057
201612 2.590 102.600 2.909
201703 -3.439 103.200 -3.840
201706 -1.328 103.100 -1.484
201709 0.664 104.100 0.735
201712 1.071 104.500 1.181
201803 -1.757 105.300 -1.923
201806 2.770 104.900 3.043
201809 -0.277 106.600 -0.299
201812 -0.955 106.500 -1.033
201903 -0.575 107.700 -0.615
201906 0.702 107.700 0.751
201909 -0.417 109.800 -0.438
201912 1.283 111.200 1.329
202003 3.547 112.300 3.639
202006 -0.587 110.400 -0.613
202009 -1.411 111.700 -1.456
202012 0.126 111.500 0.130
202103 -1.075 112.662 -1.099
202106 -1.121 111.769 -1.156
202109 -0.479 112.215 -0.492
202112 1.035 113.108 1.054
202203 -3.162 114.335 -3.187
202206 0.587 114.558 0.590
202209 0.641 115.339 0.640
202212 1.201 115.116 1.202
202303 -0.252 115.116 -0.252
202306 1.331 114.558 1.339
202309 0.077 115.339 0.077
202312 -1.272 114.781 -1.277
202403 -2.328 115.227 -2.328

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 Everbright Bank Co  (SHSE:601818) 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 Everbright Bank Co Cyclically Adjusted Price-to-FCF Related Terms

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China Everbright Bank Co (SHSE:601818) Business Description

Traded in Other Exchanges
Address
No. 25 and No. 25 A Taipingqiao Street, China Everbright Center, Xicheng District, Beijing, CHN, 100033
China Everbright Bank Co Ltd is a licensed bank financial institution. The principal activities of the Bank and its subsidiaries are the provision of corporate and retail deposits, loans and advances, settlement, treasury business and other financial services as approved by the CBIRC. The Group mainly operates in Mainland China and also has a number of overseas branches and subsidiaries. The Group manages its business by business lines and geographical areas. The Group's segments include Corporate banking, Retail banking, Financial market business and Others.

China Everbright Bank Co (SHSE:601818) Headlines

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