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Bethel Automotivefety Systems Co (SHSE:603596) Cyclically Adjusted Price-to-FCF : 295.00 (As of May. 24, 2024)


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What is Bethel Automotivefety Systems Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Bethel Automotivefety Systems Co's current share price is ¥35.40. Bethel Automotivefety Systems Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was ¥0.12. Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF for today is 295.00.

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

SHSE:603596' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 286.61   Med: 344.54   Max: 376.61
Current: 301.88

During the past 11 years, Bethel Automotivefety Systems Co's highest Cyclically Adjusted Price-to-FCF was 376.61. The lowest was 286.61. And the median was 344.54.

SHSE:603596's Cyclically Adjusted Price-to-FCF is ranked worse than
94.49% of 472 companies
in the Vehicles & Parts industry
Industry Median: 21.84 vs SHSE:603596: 301.88

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.

Bethel Automotivefety Systems Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was ¥-0.610. 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 ¥0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bethel Automotivefety Systems Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co Cyclically Adjusted Price-to-FCF Chart

Bethel Automotivefety Systems 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 - - - 366.35 405.73

Bethel Automotivefety Systems 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 - - - 405.73 -

Competitive Comparison of Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Bethel Automotivefety Systems 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.


Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF falls into.



Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.40/0.12
=295.00

* 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.

Bethel Automotivefety Systems Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bethel Automotivefety Systems Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.61/114.7809*114.7809
=-0.610

Current CPI (Dec23) = 114.7809.

Bethel Automotivefety Systems Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.305 99.000 -0.354
201512 -0.043 100.600 -0.049
201612 -0.111 102.600 -0.124
201712 -0.247 104.500 -0.271
201812 0.405 106.500 0.436
201912 0.861 111.200 0.889
202012 0.714 111.500 0.735
202112 0.260 113.108 0.264
202212 0.305 115.116 0.304
202312 -0.610 114.781 -0.610

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.


Bethel Automotivefety Systems Co  (SHSE:603596) 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.


Bethel Automotivefety Systems Co Cyclically Adjusted Price-to-FCF Related Terms

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Bethel Automotivefety Systems Co (SHSE:603596) Business Description

Traded in Other Exchanges
N/A
Address
No. 19, Taishan Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241009
Bethel Automotive Safety Systems Co Ltd is a China based company engaged in manufacturing and marketing of automotive safety systems. Its products include passenger car and commercial vehicle front and rear disc brakes, drum brakes, rear integrated parking brake, rear disc brake drum, brake master cylinder, vacuum booster, cast aluminum steering knuckle and others.
Executives
Yuan Yong Bin Director

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