GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Cyclically Adjusted Price-to-FCF

Shenzhen Inovance Technology Co (SZSE:300124) Cyclically Adjusted Price-to-FCF : 174.06 (As of May. 17, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Shenzhen Inovance Technology Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Shenzhen Inovance Technology Co's current share price is ¥60.92. Shenzhen Inovance Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.35. Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF for today is 174.06.

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

SZSE:300124' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 103.29   Med: 219.17   Max: 401.95
Current: 173.19

During the past years, Shenzhen Inovance Technology Co's highest Cyclically Adjusted Price-to-FCF was 401.95. The lowest was 103.29. And the median was 219.17.

SZSE:300124's Cyclically Adjusted Price-to-FCF is ranked worse than
88.19% of 1033 companies
in the Industrial Products industry
Industry Median: 33.75 vs SZSE:300124: 173.19

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.

Shenzhen Inovance Technology Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ¥-0.094. 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 ¥0.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenzhen Inovance Technology Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co Cyclically Adjusted Price-to-FCF Chart

Shenzhen Inovance Technology 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 131.11 308.10 272.13 228.55 178.33

Shenzhen Inovance Technology 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 235.81 218.18 219.48 178.33 175.34

Competitive Comparison of Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance Technology 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.


Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF falls into.



Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=60.92/0.35
=174.06

* 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.

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

For example, Shenzhen Inovance Technology 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)
=-0.094/115.2271*115.2271
=-0.094

Current CPI (Mar. 2024) = 115.2271.

Shenzhen Inovance Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.032 98.200 0.038
201409 0.033 98.900 0.038
201412 0.127 99.000 0.148
201503 0.020 99.900 0.023
201506 0.051 99.500 0.059
201509 0.021 100.500 0.024
201512 0.157 100.600 0.180
201603 -0.016 102.200 -0.018
201606 -0.030 101.400 -0.034
201609 0.080 102.400 0.090
201612 0.086 102.600 0.097
201703 -0.009 103.200 -0.010
201706 0.072 103.100 0.080
201709 0.004 104.100 0.004
201712 0.063 104.500 0.069
201803 -0.067 105.300 -0.073
201806 -0.030 104.900 -0.033
201809 0.107 106.600 0.116
201812 0.066 106.500 0.071
201903 -0.024 107.700 -0.026
201906 0.057 107.700 0.061
201909 0.122 109.800 0.128
201912 0.301 111.200 0.312
202003 0.030 112.300 0.031
202006 0.144 110.400 0.150
202009 0.000 111.700 0.000
202012 0.300 111.500 0.310
202103 0.055 112.662 0.056
202106 -0.012 111.769 -0.012
202109 -0.011 112.215 -0.011
202112 0.343 113.108 0.349
202203 -0.110 114.335 -0.111
202206 -0.136 114.558 -0.137
202209 0.509 115.339 0.509
202212 0.325 115.116 0.325
202303 -0.026 115.116 -0.026
202306 0.052 114.558 0.052
202309 0.111 115.339 0.111
202312 0.555 114.781 0.557
202403 -0.094 115.227 -0.094

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.


Shenzhen Inovance Technology Co  (SZSE:300124) 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.


Shenzhen Inovance Technology Co Cyclically Adjusted Price-to-FCF Related Terms

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


Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Traded in Other Exchanges
N/A
Address
Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

Shenzhen Inovance Technology Co (SZSE:300124) Headlines

No Headlines