GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » Cyclically Adjusted Price-to-FCF

Tsingtao Brewery Co (Tsingtao Brewery Co) Cyclically Adjusted Price-to-FCF : 51.87 (As of May. 24, 2024)


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

What is Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Tsingtao Brewery Co's current share price is $7.78. Tsingtao Brewery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.15. Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF for today is 51.87.

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

TSGTF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.41   Med: 43.14   Max: 84.52
Current: 45.78

During the past years, Tsingtao Brewery Co's highest Cyclically Adjusted Price-to-FCF was 84.52. The lowest was 23.41. And the median was 43.14.

TSGTF's Cyclically Adjusted Price-to-FCF is ranked worse than
71.03% of 107 companies
in the Beverages - Alcoholic industry
Industry Median: 29.78 vs TSGTF: 45.78

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.

Tsingtao Brewery Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.233. 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 $0.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF Chart

Tsingtao Brewery 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 42.72 78.95 59.85 58.32 41.53

Tsingtao Brewery 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 64.94 55.40 48.56 41.53 45.14

Competitive Comparison of Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tsingtao Brewery 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.

Tsingtao Brewery Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.78/0.15
=51.87

* 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.

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

For example, Tsingtao Brewery 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)
=0.233/115.2271*115.2271
=0.233

Current CPI (Mar. 2024) = 115.2271.

Tsingtao Brewery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.176 98.200 0.207
201409 -0.025 98.900 -0.029
201412 -0.361 99.000 -0.420
201503 0.199 99.900 0.230
201506 0.233 99.500 0.270
201509 0.007 100.500 0.008
201512 -0.279 100.600 -0.320
201603 0.179 102.200 0.202
201606 0.203 101.400 0.231
201609 0.062 102.400 0.070
201612 -0.195 102.600 -0.219
201703 0.150 103.200 0.167
201706 0.193 103.100 0.216
201709 0.065 104.100 0.072
201712 -0.261 104.500 -0.288
201803 0.273 105.300 0.299
201806 0.173 104.900 0.190
201809 0.115 106.600 0.124
201812 -0.180 106.500 -0.195
201903 0.168 107.700 0.180
201906 0.196 107.700 0.210
201909 0.035 109.800 0.037
201912 -0.087 111.200 -0.090
202003 0.042 112.300 0.043
202006 0.420 110.400 0.438
202009 0.059 111.700 0.061
202012 -0.147 111.500 -0.152
202103 0.244 112.662 0.250
202106 0.247 111.769 0.255
202109 0.081 112.215 0.083
202112 -0.072 113.108 -0.073
202203 0.060 114.335 0.060
202206 0.370 114.558 0.372
202209 0.085 115.339 0.085
202212 -0.170 115.116 -0.170
202303 0.168 115.116 0.168
202306 0.244 114.558 0.245
202309 0.005 115.339 0.005
202312 -0.293 114.781 -0.294
202403 0.233 115.227 0.233

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.


Tsingtao Brewery Co  (OTCPK:TSGTF) 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.


Tsingtao Brewery Co Cyclically Adjusted Price-to-FCF Related Terms

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


Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Address
No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

Tsingtao Brewery Co (Tsingtao Brewery Co) Headlines