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Jiangsu Zongyi Co (SHSE:600770) Cyclically Adjusted FCF per Share : ¥0.07 (As of Mar. 2024)


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What is Jiangsu Zongyi 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 Zongyi Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.003. 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 ¥0.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Jiangsu Zongyi Co's average Cyclically Adjusted FCF Growth Rate was -22.20% 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 Jiangsu Zongyi Co was 19.80% per year. The lowest was -122.40% per year. And the median was -2.40% per year.

As of today (2024-05-15), Jiangsu Zongyi Co's current stock price is ¥3.02. Jiangsu Zongyi Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.07. Jiangsu Zongyi Co's Cyclically Adjusted Price-to-FCF of today is 43.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Jiangsu Zongyi Co was 266.33. The lowest was 42.38. And the median was 74.00.


Jiangsu Zongyi Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Jiangsu Zongyi 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 Zongyi Co Cyclically Adjusted FCF per Share Chart

Jiangsu Zongyi 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 -0.29 -0.17 0.03 0.09 0.06

Jiangsu Zongyi 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 0.09 0.08 0.08 0.06 0.07

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

For the Semiconductors subindustry, Jiangsu Zongyi 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 Zongyi Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jiangsu Zongyi Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Jiangsu Zongyi 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 Zongyi 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)
=-0.003/114.6694*114.6694
=-0.003

Current CPI (Mar. 2024) = 114.6694.

Jiangsu Zongyi Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.062 98.200 0.072
201409 -0.018 98.900 -0.021
201412 0.297 99.000 0.344
201503 -0.066 99.900 -0.076
201506 -0.087 99.500 -0.100
201509 0.086 100.500 0.098
201512 0.073 100.600 0.083
201603 -0.047 102.200 -0.053
201606 0.048 101.400 0.054
201609 0.033 102.400 0.037
201612 0.024 102.600 0.027
201703 -0.048 103.200 -0.053
201706 -0.008 103.100 -0.009
201709 0.027 104.100 0.030
201712 0.106 104.500 0.116
201803 -0.007 105.300 -0.008
201806 -0.049 104.900 -0.054
201809 0.003 106.600 0.003
201812 0.005 106.500 0.005
201903 -0.020 107.700 -0.021
201906 0.004 107.700 0.004
201909 -0.020 109.800 -0.021
201912 0.102 111.200 0.105
202003 -0.016 112.300 -0.016
202006 -0.035 110.400 -0.036
202009 -0.026 111.700 -0.027
202012 0.149 111.500 0.153
202103 -0.051 112.662 -0.052
202106 0.009 111.769 0.009
202109 -0.019 112.215 -0.019
202112 0.008 113.108 0.008
202203 -0.006 114.335 -0.006
202206 0.014 114.558 0.014
202209 0.000 115.339 0.000
202212 0.066 115.116 0.066
202303 -0.004 115.116 -0.004
202306 0.010 114.558 0.010
202309 0.011 115.339 0.011
202312 0.041 114.669 0.041
202403 -0.003 114.669 -0.003

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


Jiangsu Zongyi Co  (SHSE:600770) 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 Zongyi Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.02/0.07
=43.14

* 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 Zongyi Co was 266.33. The lowest was 42.38. And the median was 74.00.


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 Zongyi Co Cyclically Adjusted FCF per Share Related Terms

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Jiangsu Zongyi Co (SHSE:600770) Business Description

Traded in Other Exchanges
N/A
Address
Zongyi Digital City, Gold Village, Xingdong Town, Tongzhou District, Jiangsu Province, Tongzhou, CHN, 226376
Jiangsu Zongyi Co Ltd is a China-based supplier of solar photovoltaic (PV) system integration and the operator of PV power plant construction. The company has built and operated photovoltaic power plants in different countries such as the United States, Germany, Italy, Czech Republic, Bulgaria, and others.

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