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Jiangsu Expressway Co (Jiangsu Expressway Co) Cyclically Adjusted FCF per Share : $0.68 (As of Mar. 2024)


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What is Jiangsu Expressway Co 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.

Jiangsu Expressway Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.560. 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 $0.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Jiangsu Expressway Co's average Cyclically Adjusted FCF Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -6.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -9.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.80% 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 Jiangsu Expressway Co was 20.00% per year. The lowest was -13.40% per year. And the median was 7.10% per year.

As of today (2024-05-02), Jiangsu Expressway Co's current stock price is $20.00. Jiangsu Expressway Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.68. Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF of today is 29.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Jiangsu Expressway Co was 30.53. The lowest was 12.76. And the median was 16.81.


Jiangsu Expressway Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Jiangsu Expressway Co'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.

Jiangsu Expressway Co Cyclically Adjusted FCF per Share Chart

Jiangsu Expressway Co 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 1.46 1.18 1.01 0.83 0.67

Jiangsu Expressway Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.91 0.76 0.66 0.67 0.68

Competitive Comparison of Jiangsu Expressway Co's Cyclically Adjusted FCF per Share

For the Infrastructure Operations subindustry, Jiangsu Expressway Co'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.


Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF falls into.



Jiangsu Expressway Co 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, Jiangsu Expressway Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.56/114.6694*114.6694
=0.560

Current CPI (Mar. 2024) = 114.6694.

Jiangsu Expressway Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.706 98.200 0.824
201409 0.497 98.900 0.576
201412 0.483 99.000 0.559
201503 0.427 99.900 0.490
201506 0.665 99.500 0.766
201509 0.585 100.500 0.667
201512 0.642 100.600 0.732
201603 0.772 102.200 0.866
201606 0.845 101.400 0.956
201609 0.760 102.400 0.851
201612 0.537 102.600 0.600
201703 0.212 103.200 0.236
201706 0.000 103.100 0.000
201709 -1.423 104.100 -1.567
201712 -0.108 104.500 -0.119
201803 0.026 105.300 0.028
201806 0.793 104.900 0.867
201809 0.337 106.600 0.363
201812 0.148 106.500 0.159
201903 0.354 107.700 0.377
201906 0.490 107.700 0.522
201909 0.285 109.800 0.298
201912 -0.593 111.200 -0.612
202003 -0.495 112.300 -0.505
202006 -0.322 110.400 -0.334
202009 0.071 111.700 0.073
202012 0.133 111.500 0.137
202103 -0.112 112.662 -0.114
202106 0.870 111.769 0.893
202109 -0.452 112.215 -0.462
202112 0.272 113.108 0.276
202203 0.543 114.335 0.545
202206 0.480 114.558 0.480
202209 -0.089 115.339 -0.088
202212 -0.019 115.116 -0.019
202303 0.547 115.116 0.545
202306 0.827 114.558 0.828
202309 0.388 115.339 0.386
202312 0.242 114.669 0.242
202403 0.560 114.669 0.560

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


Jiangsu Expressway Co  (OTCPK:JEXYY) 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.

Jiangsu Expressway Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.00/0.68
=29.41

* 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 Jiangsu Expressway Co was 30.53. The lowest was 12.76. And the median was 16.81.


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.


Jiangsu Expressway Co Cyclically Adjusted FCF per Share Related Terms

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


Jiangsu Expressway Co (Jiangsu Expressway Co) Business Description

Address
6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.

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