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VNET Group (VNET Group) Cyclically Adjusted FCF per Share : $-0.90 (As of Dec. 2023)


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What is VNET Group 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.

VNET Group's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.313. 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 $-0.90 for the trailing ten years ended in Dec. 2023.

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 VNET Group was -16.40% per year. The lowest was -16.40% per year. And the median was -16.40% per year.

As of today (2024-04-30), VNET Group's current stock price is $1.67. VNET Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-0.90. VNET Group's Cyclically Adjusted Price-to-FCF of today is .


VNET Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for VNET Group'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.

VNET Group Cyclically Adjusted FCF per Share Chart

VNET Group 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 -0.57 -0.83 -0.92 -0.90 -0.90

VNET Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.90 -0.89 -0.86 -0.90 -0.90

Competitive Comparison of VNET Group's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, VNET Group'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.


VNET Group's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, VNET Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where VNET Group's Cyclically Adjusted Price-to-FCF falls into.



VNET Group 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, VNET Group's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.313/114.6694*114.6694
=-0.313

Current CPI (Dec. 2023) = 114.6694.

VNET Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 98.600 0.000
201406 0.000 98.200 0.000
201409 0.000 98.900 0.000
201412 0.000 99.000 0.000
201503 -0.468 99.900 -0.537
201506 -0.722 99.500 -0.832
201509 -0.243 100.500 -0.277
201512 -0.228 100.600 -0.260
201603 -0.289 102.200 -0.324
201606 -0.248 101.400 -0.280
201609 -0.216 102.400 -0.242
201612 -0.048 102.600 -0.054
201703 -0.080 103.200 -0.089
201706 -0.082 103.100 -0.091
201709 0.175 104.100 0.193
201712 0.106 104.500 0.116
201803 0.004 105.300 0.004
201806 0.023 104.900 0.025
201809 0.173 106.600 0.186
201812 0.127 106.500 0.137
201903 -0.136 107.700 -0.145
201906 -0.113 107.700 -0.120
201909 -0.321 109.800 -0.335
201912 -0.026 111.200 -0.027
202003 -0.482 112.300 -0.492
202006 -0.426 110.400 -0.442
202009 -0.640 111.700 -0.657
202012 -0.564 111.500 -0.580
202103 -0.438 112.662 -0.446
202106 -0.137 111.769 -0.141
202109 -0.543 112.215 -0.555
202112 -0.293 113.108 -0.297
202203 -0.538 114.335 -0.540
202206 0.407 114.558 0.407
202209 0.026 115.339 0.026
202212 -0.540 115.116 -0.538
202303 -0.129 115.116 -0.128
202306 0.017 114.558 0.017
202309 -0.472 115.339 -0.469
202312 -0.313 114.669 -0.313

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


VNET Group  (NAS:VNET) 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.


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.


VNET Group Cyclically Adjusted FCF per Share Related Terms

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


VNET Group (VNET Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Cyclically Adjusted FCF per Share
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Address
No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.

VNET Group (VNET Group) Headlines

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