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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Cyclically Adjusted FCF per Share : ¥0.11 (As of Mar. 2024)


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What is COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.291. 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 ¥0.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, COSCO SHIPPING Specialized Carriers Co's average Cyclically Adjusted FCF Growth Rate was 175.00% 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 COSCO SHIPPING Specialized Carriers Co was 57.50% per year. The lowest was -29.80% per year. And the median was -10.50% per year.

As of today (2024-06-10), COSCO SHIPPING Specialized Carriers Co's current stock price is ¥6.97. COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.11. COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted Price-to-FCF of today is 63.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of COSCO SHIPPING Specialized Carriers Co was 178.75. The lowest was 50.10. And the median was 61.95.


COSCO SHIPPING Specialized Carriers Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co Cyclically Adjusted FCF per Share Chart

COSCO SHIPPING Specialized Carriers 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 -0.52 -0.38 -0.18 -0.04 0.09

COSCO SHIPPING Specialized Carriers 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 0.04 0.08 0.10 0.09 0.11

Competitive Comparison of COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers 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.


COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted Price-to-FCF falls into.



COSCO SHIPPING Specialized Carriers 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, COSCO SHIPPING Specialized Carriers 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)
=0.291/115.2271*115.2271
=0.291

Current CPI (Mar. 2024) = 115.2271.

COSCO SHIPPING Specialized Carriers Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.020 98.200 0.023
201409 0.042 98.900 0.049
201412 0.062 99.000 0.072
201503 0.115 99.900 0.133
201506 0.048 99.500 0.056
201509 -0.039 100.500 -0.045
201512 -0.190 100.600 -0.218
201603 -0.133 102.200 -0.150
201606 -0.223 101.400 -0.253
201609 -0.088 102.400 -0.099
201612 -0.605 102.600 -0.679
201703 -0.038 103.200 -0.042
201706 0.037 103.100 0.041
201709 -0.074 104.100 -0.082
201712 0.059 104.500 0.065
201803 -0.226 105.300 -0.247
201806 0.078 104.900 0.086
201809 -0.128 106.600 -0.138
201812 0.190 106.500 0.206
201903 -0.092 107.700 -0.098
201906 -0.121 107.700 -0.129
201909 0.105 109.800 0.110
201912 0.123 111.200 0.127
202003 0.000 112.300 0.000
202006 0.174 110.400 0.182
202009 0.048 111.700 0.050
202012 0.193 111.500 0.199
202103 -0.099 112.662 -0.101
202106 0.184 111.769 0.190
202109 0.099 112.215 0.102
202112 0.215 113.108 0.219
202203 -0.063 114.335 -0.063
202206 0.290 114.558 0.292
202209 0.111 115.339 0.111
202212 0.365 115.116 0.365
202303 0.231 115.116 0.231
202306 0.300 114.558 0.302
202309 0.210 115.339 0.210
202312 -0.298 114.781 -0.299
202403 0.291 115.227 0.291

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


COSCO SHIPPING Specialized Carriers Co  (SHSE:600428) 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.

COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6.97/0.11
=63.36

* 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 COSCO SHIPPING Specialized Carriers Co was 178.75. The lowest was 50.10. And the median was 61.95.


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.


COSCO SHIPPING Specialized Carriers Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of COSCO SHIPPING Specialized Carriers Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Traded in Other Exchanges
N/A
Address
No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623
COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.
Executives
Han Guo Min senior management
Fang Zhi Wei Supervisors
Guo Jing Director
Lin Jing Wei senior management
Guo Fu Xiang senior management
Lai Yi Guang senior management
Tan Jin Song Director
Du Jun Ming senior management
Xue Jun Dong senior management
Jin Li Zuo Director

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Headlines

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