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Zhejiang Tiantie Industry Co (SZSE:300587) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Zhejiang Tiantie Industry Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Tiantie Industry Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Tiantie Industry 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 Tiantie Industry Co Cyclically Adjusted Price-to-FCF Chart

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

For the Railroads subindustry, Zhejiang Tiantie Industry 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 Tiantie Industry Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantie Industry Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

For example, Zhejiang Tiantie Industry 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)
=-0.116/115.2271*115.2271
=-0.116

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Tiantie Industry Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201406 0.000 98.200 0.000
201412 0.000 99.000 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 0.022 102.200 0.025
201606 0.043 101.400 0.049
201609 -0.031 102.400 -0.035
201612 0.041 102.600 0.046
201703 -0.034 103.200 -0.038
201706 -0.045 103.100 -0.050
201709 -0.030 104.100 -0.033
201712 -0.045 104.500 -0.050
201803 -0.071 105.300 -0.078
201806 -0.066 104.900 -0.072
201809 -0.116 106.600 -0.125
201812 -0.042 106.500 -0.045
201903 -0.083 107.700 -0.089
201906 -0.168 107.700 -0.180
201909 -0.074 109.800 -0.078
201912 0.012 111.200 0.012
202003 -0.174 112.300 -0.179
202006 -0.133 110.400 -0.139
202009 -0.005 111.700 -0.005
202012 0.083 111.500 0.086
202103 -0.103 112.662 -0.105
202106 -0.091 111.769 -0.094
202109 0.002 112.215 0.002
202112 0.049 113.108 0.050
202203 -0.025 114.335 -0.025
202206 -0.092 114.558 -0.093
202209 0.089 115.339 0.089
202212 -0.498 115.116 -0.498
202303 -0.125 115.116 -0.125
202306 -0.373 114.558 -0.375
202309 -0.182 115.339 -0.182
202312 -0.448 114.781 -0.450
202403 -0.116 115.227 -0.116

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 Tiantie Industry Co  (SZSE:300587) 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 Tiantie Industry Co Cyclically Adjusted Price-to-FCF Related Terms

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Zhejiang Tiantie Industry Co (SZSE:300587) Business Description

Traded in Other Exchanges
N/A
Address
No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200
Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.
Executives
Wang Sen Rong Executives
Zheng Shuang Lian Executives
Zheng Jian Feng Executives
Niu Wen Qiang Directors, executives
Di Xiao Yu Supervisors
Xu Ji Ding Director
Lu Ling Xiao Supervisors
Fan Wei Wei Directors, executives
Xu Yin Bin Directors, executives
Xu Kong Bin Directors, executives
Zhu Jian Zhong Executives
Yang Tai Feng Executives
Wang Bo Directors, executives
Fan Wen Rong Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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