China United Network Communications (SHSE:600050) Cyclically Adjusted FCF per Share: ¥0.91 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600050 China United Network Communications Ltd SHSE:600050
72 GF Score
Price ¥4.42
GF Value ¥5.16
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is China United Network Communications Cyclically Adjusted FCF per Share?

China United Network Communications SHSE:600050 72 Cyclically Adjusted FCF per Share is ¥0.91 as of Mar. 2026. GuruFocus rates SHSE:600050 with a GF Score™ of 72/100 and a GF Value™ of ¥5.16 (Modestly Undervalued). The stock has 5 warning signs investors should review.

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.

China United Network Communications's adjusted free cash flow per share for the three months ended in Mar. 2026 was ¥-0.194. 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 ¥0.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, China United Network Communications's average Cyclically Adjusted FCF Growth Rate was 21.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of China United Network Communications was 72.50% per year. The lowest was -36.20% per year. And the median was 1.05% per year.

As of today (2026-07-26), China United Network Communications's current stock price is ¥4.42. China United Network Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ¥0.91. China United Network Communications's Cyclically Adjusted Price-to-FCF of today is 4.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of China United Network Communications was 573.00. The lowest was 4.45. And the median was 8.59.


China United Network Communications  (SHSE:600050) 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.

China United Network Communications's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.42/0.91
=4.86

* 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 China United Network Communications was 573.00. The lowest was 4.45. And the median was 8.59.


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.


China United Network Communications Cyclically Adjusted FCF per Share Related Terms


China United Network Communications Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for China United Network Communications'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.

China United Network Communications Cyclically Adjusted FCF per Share Chart

China United Network Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.77 0.82 0.77 0.87

China United Network Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.75 0.77 0.79 0.87 0.91

SHSE:600050 vs TMUS, VZ, T: Cyclically Adjusted FCF per Share Comparison

For the Telecom Services subindustry, China United Network Communications'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.


China United Network Communications Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China United Network Communications's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China United Network Communications's Cyclically Adjusted Price-to-FCF falls into.


SHSE:600050
72GF Score
China United Network Communications Ltd SHSE:600050
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China United Network Communications 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, China United Network Communications's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.194/116.3033*116.3033
=-0.194

Current CPI (Mar. 2026) = 116.3033.

China United Network Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.196 101.400 0.225
201609 0.114 102.400 0.129
201612 -0.978 102.600 -1.109
201703 0.315 103.200 0.355
201706 0.251 103.100 0.283
201709 0.679 104.100 0.759
201712 -0.031 104.500 -0.035
201803 0.383 105.300 0.423
201806 0.467 104.900 0.518
201809 0.510 106.600 0.556
201812 -0.107 106.500 -0.117
201903 0.193 107.700 0.208
201906 0.383 107.700 0.414
201909 0.405 109.800 0.429
201912 0.178 111.200 0.186
202003 0.318 112.300 0.329
202006 0.383 110.400 0.403
202009 0.557 111.700 0.580
202012 0.309 111.500 0.322
202103 0.068 112.662 0.070
202106 0.607 111.769 0.632
202109 0.346 112.215 0.359
202112 0.282 113.108 0.290
202203 -0.024 114.335 -0.024
202206 0.415 114.558 0.421
202209 0.390 115.339 0.393
202212 0.163 115.116 0.165
202303 0.018 115.116 0.018
202306 0.178 114.558 0.181
202309 0.375 115.339 0.378
202312 0.229 114.781 0.232
202403 -0.150 115.227 -0.151
202406 0.088 114.781 0.089
202409 0.363 115.785 0.365
202412 0.206 114.893 0.209
202503 -0.222 115.116 -0.224
202506 0.204 114.907 0.206
202509 0.503 115.471 0.507
202512 0.278 115.832 0.279
202603 -0.194 116.303 -0.194

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

What does a Cyclically Adjusted FCF per Share of ¥0.91 mean?
China United Network Communications (SHSE:600050) has a Cyclically Adjusted FCF per Share of ¥0.91 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on China United Network Communications and its competitors.
Is China United Network Communications' Cyclically Adjusted FCF per Share too high?
China United Network Communications' current Cyclically Adjusted FCF per Share is ¥0.91. Overall, China United Network Communications has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China United Network Communications' Cyclically Adjusted FCF per Share compare to TMUS and VZ?
China United Network Communications' Cyclically Adjusted FCF per Share of ¥0.91 can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Telecommunication Services company?
A good Cyclically Adjusted FCF per Share depends on the Telecommunication Services industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on China United Network Communications and its competitors. China United Network Communications's current Cyclically Adjusted FCF per Share is ¥0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China United Network Communications stock overvalued right now?
Based on GuruFocus' analysis, China United Network Communications (SHSE:600050) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.16, compared to a current price of ¥4.42 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ¥0.91. China United Network Communications' overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For China United Network Communications (SHSE:600050), the current Cyclically Adjusted FCF per Share is ¥0.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China United Network Communications (SHSE:600050) Overvalued in 2026?

Based on GuruFocus' analysis, China United Network Communications stock appears to be undervalued. The current stock price of ¥4.42 is trading 14.3% below its estimated GF Value™ of ¥5.16. GuruFocus considers China United Network Communications to be Modestly Undervalued.

Key valuation signals for SHSE:600050:

  • Cyclically Adjusted FCF per Share: ¥0.91
  • GF Value™: ¥5.16 vs. price of ¥4.42 (14.3% below fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China United Network Communications Business Description

Address No. 21 Financial Street, 4th Floor, Xicheng District, Beijing, CHN, 100033
China United Network Communications Ltd is a Chinese telecom operator. It operates fixed and mobile communications services, as well as domestic and international communications facilities, a satellite IPLC service, a data communications service, a network access service, value-added telecom services, and system integration services related to information and communications services. The company provides its products to personal & residential customers, small & medium businesses, VIP customers, and international customers.
72GF Score

Get the complete analysis for SHSE:600050

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥4.42
Price
¥5.16
GF Value