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Hangzhou Cable Co (SHSE:603618) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Hangzhou Cable Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hangzhou Cable Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co Cyclically Adjusted Price-to-FCF Chart

Hangzhou Cable Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hangzhou Cable 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 Hangzhou Cable Co's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Hangzhou Cable 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.


Hangzhou Cable Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Cable Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hangzhou Cable Co's Cyclically Adjusted Price-to-FCF falls into.



Hangzhou Cable 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.

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

For example, Hangzhou Cable 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)
=-0.723/115.2271*115.2271
=-0.723

Current CPI (Mar. 2024) = 115.2271.

Hangzhou Cable Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.035 98.200 -0.041
201409 0.011 98.900 0.013
201412 0.844 99.000 0.982
201503 -0.861 99.900 -0.993
201506 -0.251 99.500 -0.291
201509 0.157 100.500 0.180
201512 0.713 100.600 0.817
201603 -0.357 102.200 -0.403
201606 -0.362 101.400 -0.411
201609 -0.067 102.400 -0.075
201612 -0.042 102.600 -0.047
201703 -0.254 103.200 -0.284
201706 -0.598 103.100 -0.668
201709 0.077 104.100 0.085
201712 0.586 104.500 0.646
201803 -0.954 105.300 -1.044
201806 -0.617 104.900 -0.678
201809 -0.278 106.600 -0.300
201812 -0.013 106.500 -0.014
201903 -0.345 107.700 -0.369
201906 -0.976 107.700 -1.044
201909 -0.081 109.800 -0.085
201912 0.912 111.200 0.945
202003 -0.806 112.300 -0.827
202006 -0.014 110.400 -0.015
202009 0.233 111.700 0.240
202012 0.263 111.500 0.272
202103 -0.198 112.662 -0.203
202106 -0.976 111.769 -1.006
202109 -0.283 112.215 -0.291
202112 0.045 113.108 0.046
202203 -0.940 114.335 -0.947
202206 -0.062 114.558 -0.062
202209 -0.052 115.339 -0.052
202212 0.573 115.116 0.574
202303 0.088 115.116 0.088
202306 -0.338 114.558 -0.340
202309 -0.267 115.339 -0.267
202312 0.323 114.781 0.324
202403 -0.723 115.227 -0.723

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.


Hangzhou Cable Co  (SHSE:603618) 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.


Hangzhou Cable Co Cyclically Adjusted Price-to-FCF Related Terms

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Hangzhou Cable Co (SHSE:603618) Business Description

Traded in Other Exchanges
N/A
Address
6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN
Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.
Executives
Hu Jian Ming senior management
Hua Jian Fei Director
Lu Chun Xiao Director
Ni Yi Jian Directors, senior managers
Zhang Xu Dong Supervisors
Yin Zhi Ping senior management
Zhang Qin Ying Director
Zheng Xiu Hua Director
Sun Qing Yan Director
Zhang Xiu Hua senior management

Hangzhou Cable Co (SHSE:603618) Headlines

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