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Sichuan Goldstone Asia Pharmaceutical (SZSE:300434) Cyclically Adjusted FCF per Share : ¥0.20 (As of Mar. 2024)


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What is Sichuan Goldstone Asia Pharmaceutical 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.

Sichuan Goldstone Asia Pharmaceutical's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.259. 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 ¥0.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sichuan Goldstone Asia Pharmaceutical's average Cyclically Adjusted FCF Growth Rate was -4.80% 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.

As of today (2024-05-17), Sichuan Goldstone Asia Pharmaceutical's current stock price is ¥9.09. Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.20. Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted Price-to-FCF of today is 45.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sichuan Goldstone Asia Pharmaceutical was 78.57. The lowest was 35.17. And the median was 51.21.


Sichuan Goldstone Asia Pharmaceutical Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sichuan Goldstone Asia Pharmaceutical'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.

Sichuan Goldstone Asia Pharmaceutical Cyclically Adjusted FCF per Share Chart

Sichuan Goldstone Asia Pharmaceutical 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 - - - - 0.23

Sichuan Goldstone Asia Pharmaceutical 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 0.21 0.24 0.23 0.23 0.20

Competitive Comparison of Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted FCF per Share

For the Industrial Distribution subindustry, Sichuan Goldstone Asia Pharmaceutical'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.


Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted Price-to-FCF falls into.



Sichuan Goldstone Asia Pharmaceutical 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, Sichuan Goldstone Asia Pharmaceutical'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)
=-0.259/115.2271*115.2271
=-0.259

Current CPI (Mar. 2024) = 115.2271.

Sichuan Goldstone Asia Pharmaceutical Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.200 0.000
201409 -0.009 98.900 -0.010
201412 0.021 99.000 0.024
201503 0.065 99.900 0.075
201506 0.003 99.500 0.003
201509 -0.051 100.500 -0.058
201512 0.016 100.600 0.018
201603 -0.111 102.200 -0.125
201606 0.026 101.400 0.030
201609 -0.029 102.400 -0.033
201612 -0.246 102.600 -0.276
201703 -0.042 103.200 -0.047
201706 0.261 103.100 0.292
201709 0.005 104.100 0.006
201712 0.224 104.500 0.247
201803 -0.065 105.300 -0.071
201806 0.283 104.900 0.311
201809 0.124 106.600 0.134
201812 0.070 106.500 0.076
201903 -0.169 107.700 -0.181
201906 0.320 107.700 0.342
201909 0.064 109.800 0.067
201912 0.181 111.200 0.188
202003 -0.156 112.300 -0.160
202006 0.256 110.400 0.267
202009 0.050 111.700 0.052
202012 0.110 111.500 0.114
202103 -0.098 112.662 -0.100
202106 0.133 111.769 0.137
202109 0.107 112.215 0.110
202112 -0.025 113.108 -0.025
202203 0.014 114.335 0.014
202206 0.195 114.558 0.196
202209 -0.005 115.339 -0.005
202212 0.428 115.116 0.428
202303 -0.155 115.116 -0.155
202306 0.353 114.558 0.355
202309 -0.085 115.339 -0.085
202312 0.087 114.781 0.087
202403 -0.259 115.227 -0.259

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


Sichuan Goldstone Asia Pharmaceutical  (SZSE:300434) 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.

Sichuan Goldstone Asia Pharmaceutical's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.09/0.2
=45.45

* 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 Sichuan Goldstone Asia Pharmaceutical was 78.57. The lowest was 35.17. And the median was 51.21.


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.


Sichuan Goldstone Asia Pharmaceutical Cyclically Adjusted FCF per Share Related Terms

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Sichuan Goldstone Asia Pharmaceutical (SZSE:300434) Business Description

Traded in Other Exchanges
N/A
Address
8 Jiayuan Road, 8th Floor, District A1, Dadi Xinguanghua Plaza, Chengdu, CHN, 610072
Sichuan Goldstone Asia Pharmaceutical Inc is engaged in development and application of steel-reinforced plastic composite pipe technology, providing customers with steel-reinforced plastic composite pipes from pipe structure, production process to construction technology. The company is also engaged in research and development, production and sales of medicines and health products.

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