GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan China Growth & Income PLC (CHIX:JCGIl) » Definitions » Cyclically Adjusted FCF per Share

JPMorgan China Growth &ome (CHIX:JCGIL) Cyclically Adjusted FCF per Share : £0.00 (As of Sep. 2023)


View and export this data going back to 2015. Start your Free Trial

What is JPMorgan China Growth &ome 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.

JPMorgan China Growth &ome's adjusted free cash flow per share for the three months ended in Sep. 2023 was £0.020. 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 £0.00 for the trailing ten years ended in Sep. 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.

As of today (2024-06-01), JPMorgan China Growth &ome's current stock price is £2.3875. JPMorgan China Growth &ome's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was £0.00. JPMorgan China Growth &ome's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of JPMorgan China Growth &ome was 2661.08. The lowest was 134.75. And the median was 270.00.


JPMorgan China Growth &ome Cyclically Adjusted FCF per Share Historical Data

The historical data trend for JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome Cyclically Adjusted FCF per Share Chart

JPMorgan China Growth &ome Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 - - -

JPMorgan China Growth &ome Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 - - - - -

Competitive Comparison of JPMorgan China Growth &ome's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, JPMorgan China Growth &ome'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.


JPMorgan China Growth &ome's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan China Growth &ome's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where JPMorgan China Growth &ome's Cyclically Adjusted Price-to-FCF falls into.



JPMorgan China Growth &ome 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, JPMorgan China Growth &ome'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)
=0.02/130.1000*130.1000
=0.020

Current CPI (Sep. 2023) = 130.1000.

JPMorgan China Growth &ome Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200403 0.000 77.300 0.000
200409 0.000 77.900 0.000
200503 0.000 78.800 0.000
200509 0.000 79.900 0.000
200603 0.000 80.400 0.000
200609 0.000 81.900 0.000
200703 0.000 82.800 0.000
200709 0.000 83.500 0.000
200803 0.000 84.900 0.000
200809 0.000 87.500 0.000
200903 0.000 87.300 0.000
200909 0.000 88.300 0.000
201003 0.000 89.400 0.000
201009 0.000 90.400 0.000
201103 0.000 92.600 0.000
201109 0.000 94.500 0.000
201203 -0.011 95.400 -0.015
201209 0.000 96.400 0.000
201303 -0.012 97.800 -0.016
201309 0.025 98.700 0.033
201403 -0.027 99.300 -0.035
201409 0.026 100.000 0.034
201503 -0.019 99.600 -0.025
201509 0.032 100.200 0.042
201603 0.000 100.400 0.000
201609 0.000 101.500 0.000
201703 -0.009 102.700 -0.011
201709 0.000 104.300 0.000
201803 -0.019 105.100 -0.024
201809 0.022 106.600 0.027
201903 -0.021 107.000 -0.026
201909 0.014 108.400 0.017
202003 -0.015 108.600 -0.018
202009 0.011 109.200 0.013
202103 -0.034 109.700 -0.040
202109 -0.005 112.400 -0.006
202203 -0.028 116.500 -0.031
202209 0.031 122.300 0.033
202303 -0.026 126.800 -0.027
202309 0.020 130.100 0.020

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


JPMorgan China Growth &ome  (CHIX:JCGIl) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of JPMorgan China Growth &ome was 2661.08. The lowest was 134.75. And the median was 270.00.


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.


JPMorgan China Growth &ome Cyclically Adjusted FCF per Share Related Terms

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


JPMorgan China Growth &ome (CHIX:JCGIL) Business Description

Traded in Other Exchanges
Address
60 Victoria Embankment, London, GBR, EC4Y0JP
JPMorgan China Growth & Income PLC is an investment trust company. Its investment objective is to provide long term capital growth by investment in Greater China companies. The company seeks to achieve its determined objectives, it invests in securities quoted on the stock exchanges of China, Hong Kong, and Taiwan or which derive a substantial part of their revenues or profits from these territories. It may use gearing up to a maximum level of nearly 20% of shareholders' funds to increase potential returns to shareholders. The company invests no more than 15% of gross assets in other UK listed investment companies. It reviews its performance against MSCI China Index, with net dividends reinvested, in sterling terms.

JPMorgan China Growth &ome (CHIX:JCGIL) Headlines

No Headlines