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Angang Steel Co (SZSE:000898) Cyclically Adjusted Price-to-FCF : 6.08 (As of Jun. 08, 2024)


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What is Angang Steel Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Angang Steel Co's current share price is ¥2.25. Angang Steel Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.37. Angang Steel Co's Cyclically Adjusted Price-to-FCF for today is 6.08.

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

SZSE:000898' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5   Med: 9.29   Max: 130.75
Current: 6.1

During the past years, Angang Steel Co's highest Cyclically Adjusted Price-to-FCF was 130.75. The lowest was 5.00. And the median was 9.29.

SZSE:000898's Cyclically Adjusted Price-to-FCF is ranked better than
83.83% of 266 companies
in the Steel industry
Industry Median: 13.34 vs SZSE:000898: 6.10

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.

Angang Steel Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.004. 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 ¥0.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Angang Steel Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Angang Steel 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.

Angang Steel Co Cyclically Adjusted Price-to-FCF Chart

Angang Steel 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 10.00 8.86 8.39 5.52 6.73

Angang Steel 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 6.75 7.51 7.42 6.73 6.59

Competitive Comparison of Angang Steel Co's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Angang Steel 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.


Angang Steel Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Angang Steel 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.

Angang Steel Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.25/0.37
=6.08

* 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.

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

For example, Angang Steel 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)
=-0.004/115.2271*115.2271
=-0.004

Current CPI (Mar. 2024) = 115.2271.

Angang Steel Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.050 98.200 -0.059
201409 -0.048 98.900 -0.056
201412 -0.186 99.000 -0.216
201503 -0.037 99.900 -0.043
201506 -0.032 99.500 -0.037
201509 0.236 100.500 0.271
201512 -0.064 100.600 -0.073
201603 -0.170 102.200 -0.192
201606 0.273 101.400 0.310
201609 0.161 102.400 0.181
201612 0.045 102.600 0.051
201703 -0.041 103.200 -0.046
201706 -0.003 103.100 -0.003
201709 0.275 104.100 0.304
201712 0.258 104.500 0.284
201803 -0.108 105.300 -0.118
201806 0.248 104.900 0.272
201809 0.495 106.600 0.535
201812 -0.060 106.500 -0.065
201903 0.116 107.700 0.124
201906 0.092 107.700 0.098
201909 0.178 109.800 0.187
201912 0.306 111.200 0.317
202003 -0.412 112.300 -0.423
202006 0.771 110.400 0.805
202009 0.039 111.700 0.040
202012 0.223 111.500 0.230
202103 0.163 112.662 0.167
202106 0.602 111.769 0.621
202109 0.017 112.215 0.017
202112 0.088 113.108 0.090
202203 0.146 114.335 0.147
202206 0.020 114.558 0.020
202209 0.142 115.339 0.142
202212 -0.080 115.116 -0.080
202303 0.188 115.116 0.188
202306 -0.086 114.558 -0.087
202309 -0.030 115.339 -0.030
202312 -0.213 114.781 -0.214
202403 -0.004 115.227 -0.004

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.


Angang Steel Co  (SZSE:000898) 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.


Angang Steel Co Cyclically Adjusted Price-to-FCF Related Terms

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


Angang Steel Co (SZSE:000898) Business Description

Industry
Traded in Other Exchanges
Address
Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021
Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.
Executives
Tian Yong Executives, directors
Zhang Hong Jun Executives, directors
Meng Jin Song Executives
Wang Bao Jun Executives, directors, directors
Wang Yi Dong Directors, executives
Zhang Xiao Gang Director
Liu Jie Executives
Zhang Li Fen Executives
Su Wen Sheng Supervisors
Ren Zi Ping Executives
Chen Ming Directors, executives
Yang Hua Director
Ma Lian Yong Executives
Dan Ming Yi Supervisors
Liu Bao Shan Executives

Angang Steel Co (SZSE:000898) Headlines

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