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Jinan Acetate Chemical Co (TPE:4763) Cyclically Adjusted FCF per Share : NT$10.16 (As of Mar. 2024)


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What is Jinan Acetate Chemical 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.

Jinan Acetate Chemical Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$8.775. 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 NT$10.16 for the trailing ten years ended in Mar. 2024.

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 (2024-06-07), Jinan Acetate Chemical Co's current stock price is NT$840.00. Jinan Acetate Chemical Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$10.16. Jinan Acetate Chemical Co's Cyclically Adjusted Price-to-FCF of today is 82.68.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Jinan Acetate Chemical Co was 165.31. The lowest was 75.20. And the median was 94.27.


Jinan Acetate Chemical Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Jinan Acetate Chemical 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.

Jinan Acetate Chemical Co Cyclically Adjusted FCF per Share Chart

Jinan Acetate Chemical 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 - - - - 9.43

Jinan Acetate Chemical 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 - - 7.38 9.43 10.16

Competitive Comparison of Jinan Acetate Chemical Co's Cyclically Adjusted FCF per Share

For the Chemicals subindustry, Jinan Acetate Chemical 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.


Jinan Acetate Chemical Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinan Acetate Chemical Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Jinan Acetate Chemical Co's Cyclically Adjusted Price-to-FCF falls into.



Jinan Acetate Chemical 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, Jinan Acetate Chemical 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)
=8.775/115.2271*115.2271
=8.775

Current CPI (Mar. 2024) = 115.2271.

Jinan Acetate Chemical Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.200 0.000
201409 0.000 98.900 0.000
201412 0.000 99.000 0.000
201503 2.400 99.900 2.768
201506 1.847 99.500 2.139
201509 -1.412 100.500 -1.619
201512 3.949 100.600 4.523
201603 1.516 102.200 1.709
201606 -2.574 101.400 -2.925
201609 -0.451 102.400 -0.507
201612 -1.259 102.600 -1.414
201703 -0.202 103.200 -0.226
201706 -1.546 103.100 -1.728
201709 -3.047 104.100 -3.373
201712 0.174 104.500 0.192
201803 -0.310 105.300 -0.339
201806 -0.291 104.900 -0.320
201809 1.882 106.600 2.034
201812 0.950 106.500 1.028
201903 -1.899 107.700 -2.032
201906 2.087 107.700 2.233
201909 2.591 109.800 2.719
201912 2.096 111.200 2.172
202003 0.156 112.300 0.160
202006 0.151 110.400 0.158
202009 0.632 111.700 0.652
202012 0.135 111.500 0.140
202103 -3.070 112.662 -3.140
202106 -1.704 111.769 -1.757
202109 2.781 112.215 2.856
202112 0.779 113.108 0.794
202203 -0.573 114.335 -0.577
202206 2.230 114.558 2.243
202209 6.341 115.339 6.335
202212 4.486 115.116 4.490
202303 7.199 115.116 7.206
202306 13.005 114.558 13.081
202309 24.866 115.339 24.842
202312 20.614 114.781 20.694
202403 8.775 115.227 8.775

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


Jinan Acetate Chemical Co  (TPE:4763) 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.

Jinan Acetate Chemical Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=840.00/10.16
=82.68

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of Jinan Acetate Chemical Co was 165.31. The lowest was 75.20. And the median was 94.27.


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.


Jinan Acetate Chemical Co Cyclically Adjusted FCF per Share Related Terms

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


Jinan Acetate Chemical Co (TPE:4763) Business Description

Traded in Other Exchanges
N/A
Address
No.7 of Taixing East Street, Jiyang County, Shandong Province, Jinan, CHN
Jinan Acetate Chemical Co Ltd is a chemical company based in China. The company is engaged in the manufacturing and sales of cellulose acetate products. It derives a majority of its revenue from Cellulose acetate tow products. Geographically, it generates maximum revenue from Asia and also has a presence in America, Africa, and Other Countries.

Jinan Acetate Chemical Co (TPE:4763) Headlines

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