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GF Securities Co (SZSE:000776) Cyclically Adjusted Price-to-FCF : 13.38 (As of Oct. 09, 2024)


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What is GF Securities Co Cyclically Adjusted Price-to-FCF?

As of today (2024-10-09), GF Securities Co's current share price is ¥16.99. GF Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was ¥1.27. GF Securities Co's Cyclically Adjusted Price-to-FCF for today is 13.38.

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

SZSE:000776' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.14   Med: 20.54   Max: 173.78
Current: 13.1

During the past years, GF Securities Co's highest Cyclically Adjusted Price-to-FCF was 173.78. The lowest was 7.14. And the median was 20.54.

SZSE:000776's Cyclically Adjusted Price-to-FCF is ranked better than
65.79% of 228 companies
in the Capital Markets industry
Industry Median: 20.345 vs SZSE:000776: 13.10

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.

GF Securities Co's adjusted free cash flow per share data for the three months ended in Jun. 2024 was ¥-2.828. 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 ¥1.27 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GF Securities Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for GF Securities 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.

GF Securities Co Cyclically Adjusted Price-to-FCF Chart

GF Securities 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 159.88 35.12 30.36 9.56 8.47

GF Securities Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 7.77 7.43 8.47 8.54 9.55

Competitive Comparison of GF Securities Co's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, GF Securities 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.


GF Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GF Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



GF Securities 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.

GF Securities Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.99/1.27
=13.38

* 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.

GF Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, GF Securities Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-2.828/114.7809*114.7809
=-2.828

Current CPI (Jun. 2024) = 114.7809.

GF Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 2.020 98.900 2.344
201412 2.323 99.000 2.693
201503 1.174 99.900 1.349
201506 6.932 99.500 7.997
201509 -2.584 100.500 -2.951
201512 0.197 100.600 0.225
201603 0.071 102.200 0.080
201606 -0.408 101.400 -0.462
201609 -1.208 102.400 -1.354
201612 -1.254 102.600 -1.403
201703 -1.730 103.200 -1.924
201706 1.457 103.100 1.622
201709 -3.674 104.100 -4.051
201712 -1.185 104.500 -1.302
201803 2.355 105.300 2.567
201806 0.931 104.900 1.019
201809 0.288 106.600 0.310
201812 0.694 106.500 0.748
201903 0.708 107.700 0.755
201906 1.369 107.700 1.459
201909 1.014 109.800 1.060
201912 2.083 111.200 2.150
202003 -0.962 112.300 -0.983
202006 0.346 110.400 0.360
202009 1.475 111.700 1.516
202012 1.335 111.500 1.374
202103 -0.415 112.662 -0.423
202106 -0.366 111.769 -0.376
202109 -0.314 112.215 -0.321
202112 -2.569 113.108 -2.607
202203 1.776 114.335 1.783
202206 1.857 114.558 1.861
202209 -1.038 115.339 -1.033
202212 3.925 115.116 3.914
202303 -0.605 115.116 -0.603
202306 1.495 114.558 1.498
202309 0.506 115.339 0.504
202312 -2.489 114.781 -2.489
202403 -1.333 115.227 -1.328
202406 -2.828 114.781 -2.828

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.


GF Securities Co  (SZSE:000776) 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.


GF Securities Co Cyclically Adjusted Price-to-FCF Related Terms

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


GF Securities Co Business Description

Traded in Other Exchanges
Address
26 Machang Road, 59th Floor, GF Securities Tower, Tianhe District, Guangdong, Guangzhou, CHN, 510627
GF Securities Co Ltd is a full-service investment bank with operating branches located across China. The principal activities of the company include commodity futures brokerage, financial futures brokerage, investment consulting and asset management, trading and trading agent, project investment, investment management, and financial advisory. It operates through the following segments: Investment banking, Wealth management, Trading & Institutions, and Investment management.
Executives
Li Xiu Lin Director
Liu Xue Tao Director
Yang Long Executives
Zhao Gui Ping Executives
Feng Bo Directors, executives

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