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China Shipbuilding Industry (SHSE:601989) Cyclically Adjusted Price-to-FCF : (As of May. 19, 2024)


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What is China Shipbuilding Industry Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Shipbuilding Industry Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Shipbuilding Industry'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 Shipbuilding Industry Cyclically Adjusted Price-to-FCF Chart

China Shipbuilding Industry Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Shipbuilding Industry 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 Shipbuilding Industry's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, China Shipbuilding Industry'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 Shipbuilding Industry's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Shipbuilding Industry's Cyclically Adjusted Price-to-FCF falls into.



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

For example, China Shipbuilding Industry'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)
=-0.151/115.2271*115.2271
=-0.151

Current CPI (Mar. 2024) = 115.2271.

China Shipbuilding Industry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.073 98.200 0.086
201409 -0.194 98.900 -0.226
201412 0.189 99.000 0.220
201503 0.059 99.900 0.068
201506 -0.250 99.500 -0.290
201509 -0.106 100.500 -0.122
201512 0.133 100.600 0.152
201603 -0.219 102.200 -0.247
201606 0.038 101.400 0.043
201609 -0.057 102.400 -0.064
201612 -0.041 102.600 -0.046
201703 -0.089 103.200 -0.099
201706 0.053 103.100 0.059
201709 0.035 104.100 0.039
201712 -0.165 104.500 -0.182
201803 -0.017 105.300 -0.019
201806 0.002 104.900 0.002
201809 0.221 106.600 0.239
201812 -0.294 106.500 -0.318
201903 -0.153 107.700 -0.164
201906 -0.172 107.700 -0.184
201909 0.060 109.800 0.063
201912 0.235 111.200 0.244
202003 -0.004 112.300 -0.004
202006 -0.156 110.400 -0.163
202009 0.088 111.700 0.091
202012 0.408 111.500 0.422
202103 -0.025 112.662 -0.026
202106 -0.110 111.769 -0.113
202109 -0.054 112.215 -0.055
202112 0.097 113.108 0.099
202203 -0.160 114.335 -0.161
202206 -0.116 114.558 -0.117
202209 -0.075 115.339 -0.075
202212 0.127 115.116 0.127
202303 -0.227 115.116 -0.227
202306 -0.086 114.558 -0.087
202309 0.483 115.339 0.483
202312 0.054 114.781 0.054
202403 -0.151 115.227 -0.151

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 Shipbuilding Industry  (SHSE:601989) 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 Shipbuilding Industry Cyclically Adjusted Price-to-FCF Related Terms

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China Shipbuilding Industry (SHSE:601989) Business Description

Traded in Other Exchanges
N/A
Address
No. 72, Hunan Road, Kunming, Haidian District, Beijing, CHN, 100097
China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.

China Shipbuilding Industry (SHSE:601989) Headlines

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