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JD (JD.com) Cyclically Adjusted FCF per Share : $1.81 (As of Dec. 2024)


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What is JD.com 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.

JD.com's adjusted free cash flow per share for the three months ended in Dec. 2024 was $2.248. 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 $1.81 for the trailing ten years ended in Dec. 2024.

During the past 12 months, JD.com's average Cyclically Adjusted FCF Growth Rate was 39.20% 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.

As of today (2025-04-13), JD.com's current stock price is $36.42. JD.com's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $1.81. JD.com's Cyclically Adjusted Price-to-FCF of today is 20.12.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of JD.com was 73.91. The lowest was 15.53. And the median was 25.23.


JD.com Cyclically Adjusted FCF per Share Historical Data

The historical data trend for JD.com'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.

JD.com Cyclically Adjusted FCF per Share Chart

JD.com 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 - - 0.87 1.30 1.81

JD.com Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.30 1.17 1.62 1.58 1.81

Competitive Comparison of JD.com's Cyclically Adjusted FCF per Share

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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JD.com 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, JD.com's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.248/114.8925*114.8925
=2.248

Current CPI (Dec. 2024) = 114.8925.

JD.com Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.068 99.900 0.078
201506 0.025 99.500 0.029
201509 -0.157 100.500 -0.179
201512 -0.122 100.600 -0.139
201603 0.108 102.200 0.121
201606 0.063 101.400 0.071
201609 0.295 102.400 0.331
201612 -0.245 102.600 -0.274
201703 0.191 103.200 0.213
201706 0.895 103.100 0.997
201709 -0.356 104.100 -0.393
201712 0.062 104.500 0.068
201803 -0.406 105.300 -0.443
201806 0.629 104.900 0.689
201809 -0.316 106.600 -0.341
201812 0.090 106.500 0.097
201903 0.119 107.700 0.127
201906 0.915 107.700 0.976
201909 0.029 109.800 0.030
201912 -0.628 111.200 -0.649
202003 -0.169 112.300 -0.173
202006 1.103 110.400 1.148
202009 0.474 111.700 0.488
202012 -0.041 111.500 -0.042
202103 -1.050 112.662 -1.071
202106 2.560 111.769 2.632
202109 0.727 112.215 0.744
202112 -0.275 113.108 -0.279
202203 -0.715 114.335 -0.718
202206 3.167 114.558 3.176
202209 0.344 115.339 0.343
202212 0.895 115.116 0.893
202303 -2.490 115.116 -2.485
202306 4.103 114.558 4.115
202309 1.297 115.339 1.292
202312 1.735 114.781 1.737
202403 -1.300 115.227 -1.296
202406 4.534 114.781 4.538
202409 -0.579 115.785 -0.575
202412 2.248 114.893 2.248

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


JD.com  (NAS:JD) 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.

JD.com's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.42/1.81
=20.12

* 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 JD.com was 73.91. The lowest was 15.53. And the median was 25.23.


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.


JD.com Cyclically Adjusted FCF per Share Related Terms

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


JD.com Business Description

Industry
Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.