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Shanghai International Port (Group) Co (SHSE:600018) Cyclically Adjusted FCF per Share : ¥0.28 (As of Mar. 2024)


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What is Shanghai International Port (Group) Co 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.

Shanghai International Port (Group) Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.053. 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 ¥0.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Shanghai International Port (Group) Co's average Cyclically Adjusted FCF Growth Rate was -6.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.80% 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 Shanghai International Port (Group) Co was 12.40% per year. The lowest was 2.40% per year. And the median was 5.30% per year.

As of today (2024-06-12), Shanghai International Port (Group) Co's current stock price is ¥5.67. Shanghai International Port (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.28. Shanghai International Port (Group) Co's Cyclically Adjusted Price-to-FCF of today is 20.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Shanghai International Port (Group) Co was 58.50. The lowest was 15.31. And the median was 22.58.


Shanghai International Port (Group) Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Shanghai International Port (Group) Co'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.

Shanghai International Port (Group) Co Cyclically Adjusted FCF per Share Chart

Shanghai International Port (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.27 0.28 0.30 0.29

Shanghai International Port (Group) 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 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 0.30 0.29 0.29 0.29 0.28

Competitive Comparison of Shanghai International Port (Group) Co's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, Shanghai International Port (Group) 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.


Shanghai International Port (Group) Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai International Port (Group) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shanghai International Port (Group) Co's Cyclically Adjusted Price-to-FCF falls into.



Shanghai International Port (Group) Co 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, Shanghai International Port (Group) 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)
=0.053/115.2271*115.2271
=0.053

Current CPI (Mar. 2024) = 115.2271.

Shanghai International Port (Group) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.069 98.200 0.081
201409 0.098 98.900 0.114
201412 0.112 99.000 0.130
201503 0.069 99.900 0.080
201506 0.104 99.500 0.120
201509 0.086 100.500 0.099
201512 0.106 100.600 0.121
201603 -0.064 102.200 -0.072
201606 0.083 101.400 0.094
201609 0.036 102.400 0.041
201612 -0.048 102.600 -0.054
201703 -0.006 103.200 -0.007
201706 0.093 103.100 0.104
201709 0.215 104.100 0.238
201712 0.024 104.500 0.026
201803 -0.006 105.300 -0.007
201806 0.055 104.900 0.060
201809 0.099 106.600 0.107
201812 0.037 106.500 0.040
201903 -0.027 107.700 -0.029
201906 0.066 107.700 0.071
201909 0.083 109.800 0.087
201912 0.034 111.200 0.035
202003 -0.027 112.300 -0.028
202006 0.091 110.400 0.095
202009 0.133 111.700 0.137
202012 0.109 111.500 0.113
202103 0.081 112.662 0.083
202106 0.134 111.769 0.138
202109 0.143 112.215 0.147
202112 0.037 113.108 0.038
202203 0.090 114.335 0.091
202206 0.079 114.558 0.079
202209 0.153 115.339 0.153
202212 0.025 115.116 0.025
202303 0.098 115.116 0.098
202306 0.032 114.558 0.032
202309 -0.050 115.339 -0.050
202312 0.153 114.781 0.154
202403 0.053 115.227 0.053

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


Shanghai International Port (Group) Co  (SHSE:600018) 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.

Shanghai International Port (Group) Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.67/0.28
=20.25

* 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 Shanghai International Port (Group) Co was 58.50. The lowest was 15.31. And the median was 22.58.


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.


Shanghai International Port (Group) Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Shanghai International Port (Group) Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai International Port (Group) Co (SHSE:600018) Business Description

Traded in Other Exchanges
N/A
Address
358 East Daming Road, Shanghai, CHN, 200080
Shanghai International Port Group, or SIPG, is the world's largest container port in terms of throughput volume, and a major trans-shipment hub in China. It engages in handling port containers and bulk cargo along with other container-related services in the Yangtze River Delta. The gross profit in core port operation is approximately 72% in containers, 2% in bulk cargo, and 26% in port logistics and services. The Shanghai state-owned Asset Supervision and Administration Commission holds approximately a 44% stake in SIPG.
Executives
Wang Hai Jian senior management
Ding Xiang Ming senior management
Zhang Min senior management
Yan Jun Directors, senior managers
Fang Huai Jin senior management
Yang Zhi Yong senior management
Zhang Xin senior management
Wang Lin Lin senior management
Liu Gang Supervisors
Yu Wei senior management
Yang Hai Feng Supervisors
Zhou Yuan Kang Supervisors
Zhuang Xiao Qing Director
Zhang You Lin Supervisors

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