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Hollysys Automation Technologies (Hollysys Automation Technologies) Cyclically Adjusted FCF per Share : $1.35 (As of Sep. 2023)


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What is Hollysys Automation Technologies 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.

Hollysys Automation Technologies's adjusted free cash flow per share for the three months ended in Sep. 2023 was $0.182. 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 $1.35 for the trailing ten years ended in Sep. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.70% 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 Hollysys Automation Technologies was 20.60% per year. The lowest was 3.70% per year. And the median was 18.65% per year.

As of today (2024-04-29), Hollysys Automation Technologies's current stock price is $24.55. Hollysys Automation Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $1.35. Hollysys Automation Technologies's Cyclically Adjusted Price-to-FCF of today is 18.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hollysys Automation Technologies was 42.04. The lowest was 8.73. And the median was 18.92.


Hollysys Automation Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hollysys Automation Technologies'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.

Hollysys Automation Technologies Cyclically Adjusted FCF per Share Chart

Hollysys Automation Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 1.20 1.35 - 1.34

Hollysys Automation Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.35 1.36 1.29 1.34 1.35

Competitive Comparison of Hollysys Automation Technologies's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Hollysys Automation Technologies'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.


Hollysys Automation Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hollysys Automation Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hollysys Automation Technologies's Cyclically Adjusted Price-to-FCF falls into.



Hollysys Automation Technologies 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, Hollysys Automation Technologies's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.182/115.3387*115.3387
=0.182

Current CPI (Sep. 2023) = 115.3387.

Hollysys Automation Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.369 97.624 0.436
201403 0.027 98.600 0.032
201406 0.755 98.200 0.887
201409 -0.035 98.900 -0.041
201412 0.396 99.000 0.461
201503 -0.365 99.900 -0.421
201506 1.244 99.500 1.442
201509 0.081 100.500 0.093
201512 0.748 100.600 0.858
201603 -0.308 102.200 -0.348
201606 0.119 101.400 0.135
201609 0.287 102.400 0.323
201612 0.592 102.600 0.666
201703 -0.205 103.200 -0.229
201706 0.621 103.100 0.695
201709 0.587 104.100 0.650
201712 0.498 104.500 0.550
201803 0.078 105.300 0.085
201806 0.448 104.900 0.493
201809 0.590 106.600 0.638
201812 0.394 106.500 0.427
201903 0.343 107.700 0.367
201906 0.141 107.700 0.151
201909 0.636 109.800 0.668
201912 1.125 111.200 1.167
202003 0.096 112.300 0.099
202006 0.905 110.400 0.945
202009 0.301 111.700 0.311
202012 0.502 111.500 0.519
202103 -0.186 112.662 -0.190
202106 0.370 111.769 0.382
202109 0.000 112.215 0.000
202112 0.000 113.108 0.000
202203 0.000 114.335 0.000
202206 0.000 114.558 0.000
202209 -0.148 115.339 -0.148
202212 0.020 115.116 0.020
202303 -0.413 115.116 -0.414
202306 0.255 114.558 0.257
202309 0.182 115.339 0.182

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


Hollysys Automation Technologies  (NAS:HOLI) 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.

Hollysys Automation Technologies's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24.55/1.35
=18.19

* 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 Hollysys Automation Technologies was 42.04. The lowest was 8.73. And the median was 18.92.


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.


Hollysys Automation Technologies Cyclically Adjusted FCF per Share Related Terms

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


Hollysys Automation Technologies (Hollysys Automation Technologies) Business Description

Traded in Other Exchanges
Address
No. 2 Disheng Middle Road, Beijing Economic-Technological Development Area, Beijing, CHN, 100176
Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.