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Tsingtao Brewery Co (STU:TSI) Cyclically Adjusted Price-to-FCF : 51.29 (As of May. 22, 2024)


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What is Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Tsingtao Brewery Co's current share price is €7.18. Tsingtao Brewery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.14. Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF for today is 51.29.

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

STU:TSI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.41   Med: 43.14   Max: 84.52
Current: 46.52

During the past years, Tsingtao Brewery Co's highest Cyclically Adjusted Price-to-FCF was 84.52. The lowest was 23.41. And the median was 43.14.

STU:TSI's Cyclically Adjusted Price-to-FCF is ranked worse than
71.03% of 107 companies
in the Beverages - Alcoholic industry
Industry Median: 29.78 vs STU:TSI: 46.52

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.

Tsingtao Brewery Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.214. 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 €0.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF Chart

Tsingtao Brewery 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 42.72 78.95 59.85 58.32 41.53

Tsingtao Brewery 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 64.94 55.40 48.56 41.53 45.14

Competitive Comparison of Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tsingtao Brewery 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.

Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.18/0.14
=51.29

* 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.

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

For example, Tsingtao Brewery 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)
=0.214/115.2271*115.2271
=0.214

Current CPI (Mar. 2024) = 115.2271.

Tsingtao Brewery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.129 98.200 0.151
201409 -0.019 98.900 -0.022
201412 -0.293 99.000 -0.341
201503 0.184 99.900 0.212
201506 0.207 99.500 0.240
201509 0.006 100.500 0.007
201512 -0.256 100.600 -0.293
201603 0.161 102.200 0.182
201606 0.180 101.400 0.205
201609 0.056 102.400 0.063
201612 -0.185 102.600 -0.208
201703 0.140 103.200 0.156
201706 0.172 103.100 0.192
201709 0.055 104.100 0.061
201712 -0.221 104.500 -0.244
201803 0.222 105.300 0.243
201806 0.148 104.900 0.163
201809 0.098 106.600 0.106
201812 -0.159 106.500 -0.172
201903 0.148 107.700 0.158
201906 0.174 107.700 0.186
201909 0.032 109.800 0.034
201912 -0.079 111.200 -0.082
202003 0.038 112.300 0.039
202006 0.373 110.400 0.389
202009 0.050 111.700 0.052
202012 -0.121 111.500 -0.125
202103 0.205 112.662 0.210
202106 0.205 111.769 0.211
202109 0.069 112.215 0.071
202112 -0.063 113.108 -0.064
202203 0.055 114.335 0.055
202206 0.350 114.558 0.352
202209 0.086 115.339 0.086
202212 -0.160 115.116 -0.160
202303 0.157 115.116 0.157
202306 0.225 114.558 0.226
202309 0.005 115.339 0.005
202312 -0.269 114.781 -0.270
202403 0.214 115.227 0.214

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.


Tsingtao Brewery Co  (STU:TSI) 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.


Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Tsingtao Brewery Co (STU:TSI) Business Description

Traded in Other Exchanges
Address
No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

Tsingtao Brewery Co (STU:TSI) Headlines

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