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HBIS Resources Co (SZSE:000923) Cyclically Adjusted Price-to-FCF : 21.87 (As of Jun. 07, 2024)


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What is HBIS Resources Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), HBIS Resources Co's current share price is ¥18.37. HBIS Resources Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.84. HBIS Resources Co's Cyclically Adjusted Price-to-FCF for today is 21.87.

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

SZSE:000923' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.66   Med: 24.92   Max: 988.33
Current: 22.96

During the past years, HBIS Resources Co's highest Cyclically Adjusted Price-to-FCF was 988.33. The lowest was 13.66. And the median was 24.92.

SZSE:000923's Cyclically Adjusted Price-to-FCF is ranked better than
56.57% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.1 vs SZSE:000923: 22.96

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.

HBIS Resources Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥0.930. 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 ¥0.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


HBIS Resources Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HBIS Resources 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.

HBIS Resources Co Cyclically Adjusted Price-to-FCF Chart

HBIS Resources 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 - 196.93 28.40 24.38 21.76

HBIS Resources 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 22.90 19.86 23.55 21.76 20.26

Competitive Comparison of HBIS Resources Co's Cyclically Adjusted Price-to-FCF

For the Farm & Heavy Construction Machinery subindustry, HBIS Resources 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.


HBIS Resources Co's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, HBIS Resources Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



HBIS Resources 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.

HBIS Resources Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.37/0.84
=21.87

* 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.

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

For example, HBIS Resources 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)
=0.93/115.2271*115.2271
=0.930

Current CPI (Mar. 2024) = 115.2271.

HBIS Resources Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.055 98.200 0.065
201409 -0.038 98.900 -0.044
201412 -0.445 99.000 -0.518
201503 -0.103 99.900 -0.119
201506 0.027 99.500 0.031
201509 -0.074 100.500 -0.085
201512 -0.377 100.600 -0.432
201603 -0.032 102.200 -0.036
201606 0.728 101.400 0.827
201609 -0.529 102.400 -0.595
201612 0.966 102.600 1.085
201703 -0.175 103.200 -0.195
201706 -0.121 103.100 -0.135
201709 -0.177 104.100 -0.196
201712 0.893 104.500 0.985
201803 -0.273 105.300 -0.299
201806 0.089 104.900 0.098
201809 -0.421 106.600 -0.455
201812 0.450 106.500 0.487
201903 -0.305 107.700 -0.326
201906 0.747 107.700 0.799
201909 -0.204 109.800 -0.214
201912 -0.120 111.200 -0.124
202003 -0.520 112.300 -0.534
202006 0.836 110.400 0.873
202009 1.298 111.700 1.339
202012 0.964 111.500 0.996
202103 0.902 112.662 0.923
202106 1.465 111.769 1.510
202109 1.135 112.215 1.165
202112 -0.211 113.108 -0.215
202203 0.248 114.335 0.250
202206 0.151 114.558 0.152
202209 0.719 115.339 0.718
202212 -1.322 115.116 -1.323
202303 0.274 115.116 0.274
202306 0.019 114.558 0.019
202309 -0.199 115.339 -0.199
202312 0.904 114.781 0.908
202403 0.930 115.227 0.930

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.


HBIS Resources Co  (SZSE:000923) 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.


HBIS Resources Co Cyclically Adjusted Price-to-FCF Related Terms

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HBIS Resources Co (SZSE:000923) Business Description

Traded in Other Exchanges
N/A
Address
No. 21 Dongsheng Road, Xuanbei District, Hebei, Zhangjiakou, CHN, 075105
HBIS Resources Co Ltd, formerly Xuanhua Construction Machinery Co Ltd is mainly engaged in the production and distribution of bulldozer, loader, roller and mining components in China.
Executives
Liu Jian Director
Niu Yan Qing Supervisors
Wang Jian Chun Directors, executives
Zhou Zhi Sheng Director

HBIS Resources Co (SZSE:000923) Headlines

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