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Baillie Gifford China Growth Trust (LSE:BGCG) Cyclically Adjusted FCF per Share : £0.02 (As of Jan. 2024)


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What is Baillie Gifford China Growth Trust Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Baillie Gifford China Growth Trust's adjusted free cash flow per share data for the fiscal year that ended in Jan. 2024 was £0.004. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is £0.02 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Baillie Gifford China Growth Trust's average Cyclically Adjusted FCF Growth Rate was -33.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -20.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Baillie Gifford China Growth Trust was -9.10% per year. The lowest was -20.60% per year. And the median was -14.85% per year.

As of today (2024-06-06), Baillie Gifford China Growth Trust's current stock price is £ 2.055. Baillie Gifford China Growth Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jan. 2024 was £0.02. Baillie Gifford China Growth Trust's Cyclically Adjusted Price-to-FCF of today is 102.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Baillie Gifford China Growth Trust was 158.50. The lowest was 52.19. And the median was 83.09.


Baillie Gifford China Growth Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Baillie Gifford China Growth Trust's Cyclically Adjusted FCF per Share 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.

Baillie Gifford China Growth Trust Cyclically Adjusted FCF per Share Chart

Baillie Gifford China Growth Trust Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.04 0.03 0.03 0.02

Baillie Gifford China Growth Trust Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Cyclically Adjusted FCF per Share 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 0.03 - 0.03 - 0.02

Competitive Comparison of Baillie Gifford China Growth Trust's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Baillie Gifford China Growth Trust'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.


Baillie Gifford China Growth Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Baillie Gifford China Growth Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Baillie Gifford China Growth Trust's Cyclically Adjusted Price-to-FCF falls into.



Baillie Gifford China Growth Trust Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Baillie Gifford China Growth Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.004/130.0000*130.0000
=0.004

Current CPI (Jan. 2024) = 130.0000.

Baillie Gifford China Growth Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201501 0.019 99.200 0.025
201601 0.000 99.900 0.000
201701 0.000 101.800 0.000
201801 0.000 104.500 0.000
201901 0.000 106.400 0.000
202001 0.053 108.300 0.064
202101 0.016 109.300 0.019
202201 -0.006 114.600 -0.007
202301 0.002 124.800 0.002
202401 0.004 130.000 0.004

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Baillie Gifford China Growth Trust  (LSE:BGCG) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Baillie Gifford China Growth Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.055/0.02
=102.75

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Baillie Gifford China Growth Trust was 158.50. The lowest was 52.19. And the median was 83.09.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Baillie Gifford China Growth Trust Cyclically Adjusted FCF per Share Related Terms

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Baillie Gifford China Growth Trust (LSE:BGCG) Business Description

Traded in Other Exchanges
Address
1 Greenside Row, Calton Square, Edinburgh, GBR, EH1 3AN
Baillie Gifford China Growth Trust PLC is an asset management firm that has assets under management and advice. It aims to produce long-term capital growth by investing predominantly in shares of, or depositary receipts representing the shares of, Chinese companies.

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