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JD.com (MEX:JD N) Cyclically Adjusted FCF per Share : MXN33.40 (As of Mar. 2025)


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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 Mar. 2025 was MXN-38.282. 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 MXN33.40 for the trailing ten years ended in Mar. 2025.

During the past 12 months, JD.com's average Cyclically Adjusted FCF Growth Rate was 39.30% 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 (2025-06-26), JD.com's current stock price is MXN622.50. JD.com's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN33.40. JD.com's Cyclically Adjusted Price-to-FCF of today is 18.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of JD.com was 73.91. The lowest was 15.44. And the median was 24.21.


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 - - 17.13 22.04 37.22

JD.com 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 19.26 29.84 31.44 37.22 33.40

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 Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-38.282/115.1156*115.1156
=-38.282

Current CPI (Mar. 2025) = 115.1156.

JD.com Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.387 99.500 0.448
201509 -2.661 100.500 -3.048
201512 -2.105 100.600 -2.409
201603 1.864 102.200 2.100
201606 1.168 101.400 1.326
201609 5.697 102.400 6.404
201612 -5.047 102.600 -5.663
201703 3.601 103.200 4.017
201706 16.185 103.100 18.071
201709 -6.465 104.100 -7.149
201712 1.219 104.500 1.343
201803 -7.376 105.300 -8.064
201806 12.363 104.900 13.567
201809 -5.918 106.600 -6.391
201812 1.766 106.500 1.909
201903 2.301 107.700 2.459
201906 17.574 107.700 18.784
201909 0.564 109.800 0.591
201912 -11.850 111.200 -12.267
202003 -3.954 112.300 -4.053
202006 25.456 110.400 26.543
202009 10.474 111.700 10.794
202012 -0.820 111.500 -0.847
202103 -21.468 112.662 -21.936
202106 50.952 111.769 52.478
202109 14.952 112.215 15.338
202112 -5.635 113.108 -5.735
202203 -14.227 114.335 -14.324
202206 63.705 114.558 64.015
202209 6.927 115.339 6.914
202212 17.455 115.116 17.455
202303 -44.874 115.116 -44.874
202306 70.337 114.558 70.679
202309 22.594 115.339 22.550
202312 29.452 114.781 29.538
202403 -20.810 115.227 -20.790
202406 83.065 114.781 83.307
202409 -11.404 115.785 -11.338
202412 46.905 114.893 46.996
202503 -38.282 115.116 -38.282

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


JD.com  (MEX:JD N) 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
=622.50/33.40
=18.64

* 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 15.44. And the median was 24.21.


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.

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