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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Zhejiang RIFA Precision Machinery Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang RIFA Precision Machinery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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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Zhejiang RIFA Precision Machinery Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang RIFA Precision Machinery Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zhejiang RIFA Precision Machinery 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 Zhejiang RIFA Precision Machinery Co's Cyclically Adjusted Price-to-FCF

For the Business Equipment & Supplies subindustry, Zhejiang RIFA Precision Machinery 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.


Zhejiang RIFA Precision Machinery Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zhejiang RIFA Precision Machinery Co's Cyclically Adjusted Price-to-FCF falls into.



Zhejiang RIFA Precision Machinery 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.

Zhejiang RIFA Precision Machinery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang RIFA Precision Machinery 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)
=0.099/115.2271*115.2271
=0.099

Current CPI (Mar. 2024) = 115.2271.

Zhejiang RIFA Precision Machinery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.071 98.200 -0.083
201409 0.022 98.900 0.026
201412 0.072 99.000 0.084
201503 -0.034 99.900 -0.039
201506 -0.080 99.500 -0.093
201509 -0.034 100.500 -0.039
201512 0.125 100.600 0.143
201603 -0.132 102.200 -0.149
201606 0.010 101.400 0.011
201609 -0.032 102.400 -0.036
201612 0.024 102.600 0.027
201703 -0.081 103.200 -0.090
201706 0.083 103.100 0.093
201709 0.036 104.100 0.040
201712 -0.217 104.500 -0.239
201803 -0.085 105.300 -0.093
201806 -0.160 104.900 -0.176
201809 -0.282 106.600 -0.305
201812 -0.117 106.500 -0.127
201903 -0.443 107.700 -0.474
201906 0.018 107.700 0.019
201909 -0.213 109.800 -0.224
201912 -0.061 111.200 -0.063
202003 -0.162 112.300 -0.166
202006 -0.236 110.400 -0.246
202009 -0.047 111.700 -0.048
202012 0.008 111.500 0.008
202103 -0.062 112.662 -0.063
202106 0.157 111.769 0.162
202109 0.006 112.215 0.006
202112 0.079 113.108 0.080
202203 -0.005 114.335 -0.005
202206 -0.070 114.558 -0.070
202209 0.145 115.339 0.145
202212 -0.158 115.116 -0.158
202303 -0.023 115.116 -0.023
202306 0.081 114.558 0.081
202309 0.052 115.339 0.052
202312 0.018 114.781 0.018
202403 0.099 115.227 0.099

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.


Zhejiang RIFA Precision Machinery Co  (SZSE:002520) 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.


Zhejiang RIFA Precision Machinery Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Traded in Other Exchanges
N/A
Address
Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500
Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.
Executives
Wang Ben Shan Directors, executives
Huang Lin Jun Supervisors
Wu Jie Director
Wang Ji Director
Dong Yi Guang Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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