GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Citic Bank Corp Ltd (OTCPK:CHCJY) » Definitions » Cyclically Adjusted FCF per Share

CHCJY (China Citic Bank) Cyclically Adjusted FCF per Share : $1.89 (As of Mar. 2025)


View and export this data going back to 2010. Start your Free Trial

What is China Citic Bank 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.

China Citic Bank's adjusted free cash flow per share for the three months ended in Mar. 2025 was $1.513. 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 $1.89 for the trailing ten years ended in Mar. 2025.

During the past 12 months, China Citic Bank's average Cyclically Adjusted FCF Growth Rate was 38.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -5.50% 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 China Citic Bank was 16.70% per year. The lowest was -19.80% per year. And the median was -2.55% per year.

As of today (2025-05-14), China Citic Bank's current stock price is $15.27. China Citic Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $1.89. China Citic Bank's Cyclically Adjusted Price-to-FCF of today is 8.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of China Citic Bank was 16.65. The lowest was 3.13. And the median was 5.27.


China Citic Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for China Citic Bank'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.

China Citic Bank Cyclically Adjusted FCF per Share Chart

China Citic Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 0.97 1.75 2.27 1.42

China Citic Bank Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.16 0.79 1.64 1.42 1.89

Competitive Comparison of China Citic Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, China Citic Bank'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.


China Citic Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Citic Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Citic Bank's Cyclically Adjusted Price-to-FCF falls into.


;
;

China Citic Bank 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, China Citic Bank's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.513/115.1156*115.1156
=1.513

Current CPI (Mar. 2025) = 115.1156.

China Citic Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 4.726 99.500 5.468
201509 0.017 100.500 0.019
201512 -4.281 100.600 -4.899
201603 3.192 102.200 3.595
201606 -0.273 101.400 -0.310
201609 -4.846 102.400 -5.448
201612 14.202 102.600 15.934
201703 -9.396 103.200 -10.481
201706 4.320 103.100 4.823
201709 4.364 104.100 4.826
201712 3.328 104.500 3.666
201803 -3.667 105.300 -4.009
201806 4.351 104.900 4.775
201809 8.165 106.600 8.817
201812 -4.584 106.500 -4.955
201903 -0.525 107.700 -0.561
201906 0.908 107.700 0.971
201909 1.412 109.800 1.480
201912 4.014 111.200 4.155
202003 -3.900 112.300 -3.998
202006 7.424 110.400 7.741
202009 -0.853 111.700 -0.879
202012 5.083 111.500 5.248
202103 -1.787 112.662 -1.826
202106 -9.160 111.769 -9.434
202109 8.446 112.215 8.664
202112 -2.928 113.108 -2.980
202203 1.717 114.335 1.729
202206 0.292 114.558 0.293
202209 -1.519 115.339 -1.516
202212 8.873 115.116 8.873
202303 -0.740 115.116 -0.740
202306 -5.282 114.558 -5.308
202309 5.133 115.339 5.123
202312 -0.117 114.781 -0.117
202403 -18.418 115.227 -18.400
202406 -0.499 114.781 -0.500
202409 5.299 115.785 5.268
202412 1.507 114.893 1.510
202503 1.513 115.116 1.513

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


China Citic Bank  (OTCPK:CHCJY) 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.

China Citic Bank's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.27/1.89
=8.08

* 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 China Citic Bank was 16.65. The lowest was 3.13. And the median was 5.27.


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.


China Citic Bank Cyclically Adjusted FCF per Share Related Terms

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


China Citic Bank Business Description

Address
10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020
Headquartered in Beijing, China Citic Bank is the ninth-largest commercial bank in China. It offers a full range of commercial banking services, with 1,459 outlets in 153 cities in China and branches in Hong Kong, Macao, New York, Los Angeles, and Singapore, as of mid-2024. The bank was founded in 1987 and is a major subsidiary of Citic Group, a leading state-owned conglomerate in China.

China Citic Bank Headlines