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Tande Co (SHSE:600665) Cyclically Adjusted FCF per Share : ¥0.94 (As of Mar. 2024)


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What is Tande 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.

Tande Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.219. 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 ¥0.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tande Co's average Cyclically Adjusted FCF Growth Rate was 118.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 48.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Tande Co was 61.80% per year. The lowest was -188.40% per year. And the median was 5.40% per year.

As of today (2024-06-25), Tande Co's current stock price is ¥2.23. Tande Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.94. Tande Co's Cyclically Adjusted Price-to-FCF of today is 2.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tande Co was 359.00. The lowest was 2.38. And the median was 8.69.


Tande Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tande 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.

Tande Co Cyclically Adjusted FCF per Share Chart

Tande 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 -0.33 0.27 0.36 0.57 0.88

Tande 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 0.43 0.65 0.74 0.88 0.94

Competitive Comparison of Tande Co's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Tande 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.


Tande Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Tande 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, Tande 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)
=0.219/115.2271*115.2271
=0.219

Current CPI (Mar. 2024) = 115.2271.

Tande Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.439 98.200 0.515
201409 -0.058 98.900 -0.068
201412 -0.760 99.000 -0.885
201503 -0.823 99.900 -0.949
201506 -0.044 99.500 -0.051
201509 -0.281 100.500 -0.322
201512 -0.521 100.600 -0.597
201603 0.481 102.200 0.542
201606 1.008 101.400 1.145
201609 -0.337 102.400 -0.379
201612 0.422 102.600 0.474
201703 -0.178 103.200 -0.199
201706 0.563 103.100 0.629
201709 0.196 104.100 0.217
201712 -0.777 104.500 -0.857
201803 0.744 105.300 0.814
201806 0.429 104.900 0.471
201809 0.897 106.600 0.970
201812 -1.074 106.500 -1.162
201903 -1.518 107.700 -1.624
201906 0.306 107.700 0.327
201909 0.074 109.800 0.078
201912 1.788 111.200 1.853
202003 -0.836 112.300 -0.858
202006 1.590 110.400 1.660
202009 0.612 111.700 0.631
202012 3.112 111.500 3.216
202103 0.295 112.662 0.302
202106 -1.357 111.769 -1.399
202109 1.390 112.215 1.427
202112 0.441 113.108 0.449
202203 0.064 114.335 0.064
202206 1.920 114.558 1.931
202209 -0.559 115.339 -0.558
202212 0.180 115.116 0.180
202303 -2.050 115.116 -2.052
202306 1.395 114.558 1.403
202309 -0.134 115.339 -0.134
202312 1.956 114.781 1.964
202403 0.219 115.227 0.219

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


Tande Co  (SHSE:600665) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.23/0.94
=2.37

* 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 Tande Co was 359.00. The lowest was 2.38. And the median was 8.69.


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.


Tande Co Cyclically Adjusted FCF per Share Related Terms

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


Tande Co (SHSE:600665) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 33, Science and Technology Road, 27th Floor, Digital Building, Gaoxin International Business Center, High-tech Industrial Development Zone, Xi'an, CHN, 710075
Tande Co Ltd is engaged in real estate development and commodity housing distribution in China.

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