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Huang Long Development Co (ROCO:3512) Cyclically Adjusted FCF per Share : NT$-3.35 (As of Jun. 2024)


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What is Huang Long Development 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.

Huang Long Development Co's adjusted free cash flow per share for the three months ended in Jun. 2024 was NT$-2.439. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-3.35 for the trailing ten years ended in Jun. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -4.90% 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 Huang Long Development Co was 1.90% per year. The lowest was -4.90% per year. And the median was -1.50% per year.

As of today (2024-09-22), Huang Long Development Co's current stock price is NT$34.85. Huang Long Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was NT$-3.35. Huang Long Development Co's Cyclically Adjusted Price-to-FCF of today is .


Huang Long Development Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Huang Long Development 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.

Huang Long Development Co Cyclically Adjusted FCF per Share Chart

Huang Long Development 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 -4.19 -2.48 -3.19 -3.95 -2.86

Huang Long Development Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -3.77 -3.03 -2.86 -3.15 -3.35

Competitive Comparison of Huang Long Development Co's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Huang Long Development 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.


Huang Long Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Huang Long Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Huang Long Development Co's Cyclically Adjusted Price-to-FCF falls into.



Huang Long Development 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, Huang Long Development Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-2.439/132.5538*132.5538
=-2.439

Current CPI (Jun. 2024) = 132.5538.

Huang Long Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.168 100.428 0.222
201412 -1.146 99.070 -1.533
201503 0.265 99.621 0.353
201506 -0.043 100.684 -0.057
201509 -1.611 100.392 -2.127
201512 -4.966 99.792 -6.596
201603 1.700 100.470 2.243
201606 0.321 101.688 0.418
201609 -0.808 101.861 -1.051
201612 -0.862 101.863 -1.122
201703 -0.559 102.862 -0.720
201706 -1.492 103.349 -1.914
201709 -3.644 104.136 -4.638
201712 4.015 104.011 5.117
201803 -1.413 105.290 -1.779
201806 -4.869 106.317 -6.071
201809 -1.221 106.507 -1.520
201812 0.923 105.998 1.154
201903 1.679 107.251 2.075
201906 -6.441 108.070 -7.900
201909 -2.651 108.329 -3.244
201912 -7.977 108.420 -9.753
202003 0.617 108.902 0.751
202006 4.759 108.767 5.800
202009 0.007 109.815 0.008
202012 2.888 109.897 3.483
202103 1.360 111.754 1.613
202106 -2.042 114.631 -2.361
202109 -2.871 115.734 -3.288
202112 -3.055 117.630 -3.443
202203 -7.156 121.301 -7.820
202206 4.654 125.017 4.935
202209 -0.188 125.227 -0.199
202212 -1.332 125.222 -1.410
202303 5.796 127.348 6.033
202306 -1.871 128.729 -1.927
202309 6.579 129.860 6.715
202312 1.620 129.419 1.659
202403 -3.166 131.776 -3.185
202406 -2.439 132.554 -2.439

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


Huang Long Development Co  (ROCO:3512) 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.


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.


Huang Long Development Co Cyclically Adjusted FCF per Share Related Terms

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


Huang Long Development Co Business Description

Traded in Other Exchanges
N/A
Address
No. 171, Songde Road, 16th Floor-2, Xinyi District, Taipei City, TWN, 110
Huang Long Development Co Ltd is a Taiwan-based real estate company. It is engaged in the trading of real estate and the development and rental of residential buildings and office buildings.

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