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China Merchants Energy Shipping Co (SHSE:601872) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is China Merchants Energy Shipping Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Merchants Energy Shipping Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Merchants Energy Shipping 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.

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China Merchants Energy Shipping Co Cyclically Adjusted Price-to-FCF Chart

China Merchants Energy Shipping Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Merchants Energy Shipping Co 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 Merchants Energy Shipping Co's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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 Merchants Energy Shipping Co's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

For example, China Merchants Energy Shipping 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)
=0.09/115.2271*115.2271
=0.090

Current CPI (Mar. 2024) = 115.2271.

China Merchants Energy Shipping Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.183 98.200 -0.215
201409 -0.109 98.900 -0.127
201412 -1.155 99.000 -1.344
201503 -0.130 99.900 -0.150
201506 -0.140 99.500 -0.162
201509 -0.448 100.500 -0.514
201512 -0.147 100.600 -0.168
201603 -0.030 102.200 -0.034
201606 -0.027 101.400 -0.031
201609 0.029 102.400 0.033
201612 -0.090 102.600 -0.101
201703 0.032 103.200 0.036
201706 0.023 103.100 0.026
201709 -0.067 104.100 -0.074
201712 0.006 104.500 0.007
201803 -0.043 105.300 -0.047
201806 -0.144 104.900 -0.158
201809 -0.295 106.600 -0.319
201812 0.124 106.500 0.134
201903 -0.136 107.700 -0.146
201906 0.046 107.700 0.049
201909 0.110 109.800 0.115
201912 0.080 111.200 0.083
202003 0.171 112.300 0.175
202006 0.320 110.400 0.334
202009 0.236 111.700 0.243
202012 0.236 111.500 0.244
202103 0.131 112.662 0.134
202106 0.128 111.769 0.132
202109 0.104 112.215 0.107
202112 0.164 113.108 0.167
202203 0.088 114.335 0.089
202206 0.120 114.558 0.121
202209 0.096 115.339 0.096
202212 0.201 115.116 0.201
202303 0.168 115.116 0.168
202306 0.168 114.558 0.169
202309 0.111 115.339 0.111
202312 0.100 114.781 0.100
202403 0.090 115.227 0.090

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 Merchants Energy Shipping Co  (SHSE:601872) 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 Merchants Energy Shipping Co Cyclically Adjusted Price-to-FCF Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

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