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Maanshan Iron And Steel Co (SHSE:600808) Cyclically Adjusted FCF per Share : ¥0.30 (As of Mar. 2025)


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What is Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was ¥-0.039. 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 ¥0.30 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Maanshan Iron And Steel Co's average Cyclically Adjusted FCF Growth Rate was -9.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% 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 Maanshan Iron And Steel Co was 37.50% per year. The lowest was -7.20% per year. And the median was 11.90% per year.

As of today (2025-05-31), Maanshan Iron And Steel Co's current stock price is ¥3.42. Maanshan Iron And Steel Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥0.30. Maanshan Iron And Steel Co's Cyclically Adjusted Price-to-FCF of today is 11.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Maanshan Iron And Steel Co was 154.50. The lowest was 5.48. And the median was 11.43.


Maanshan Iron And Steel Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co Cyclically Adjusted FCF per Share Chart

Maanshan Iron And Steel Co 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 0.23 0.40 0.39 0.33 0.32

Maanshan Iron And Steel Co 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 0.33 0.33 0.35 0.32 0.30

Competitive Comparison of Maanshan Iron And Steel Co's Cyclically Adjusted FCF per Share

For the Steel subindustry, Maanshan Iron And Steel 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.


Maanshan Iron And Steel Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Cyclically Adjusted Price-to-FCF falls into.


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Maanshan Iron And Steel 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, Maanshan Iron And Steel Co'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)
=-0.039/115.1156*115.1156
=-0.039

Current CPI (Mar. 2025) = 115.1156.

Maanshan Iron And Steel Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.224 99.500 0.259
201509 -0.111 100.500 -0.127
201512 0.084 100.600 0.096
201603 0.270 102.200 0.304
201606 -0.283 101.400 -0.321
201609 0.146 102.400 0.164
201612 0.242 102.600 0.272
201703 0.175 103.200 0.195
201706 -0.109 103.100 -0.122
201709 0.163 104.100 0.180
201712 0.182 104.500 0.200
201803 0.049 105.300 0.054
201806 0.358 104.900 0.393
201809 0.449 106.600 0.485
201812 0.618 106.500 0.668
201903 -0.351 107.700 -0.375
201906 0.607 107.700 0.649
201909 -0.233 109.800 -0.244
201912 0.451 111.200 0.467
202003 -0.568 112.300 -0.582
202006 0.301 110.400 0.314
202009 -0.063 111.700 -0.065
202012 -0.241 111.500 -0.249
202103 0.099 112.662 0.101
202106 0.979 111.769 1.008
202109 -0.186 112.215 -0.191
202112 0.284 113.108 0.289
202203 0.000 114.335 0.000
202206 -0.150 114.558 -0.151
202209 0.127 115.339 0.127
202212 -0.229 115.116 -0.229
202303 0.027 115.116 0.027
202306 -0.066 114.558 -0.066
202309 -0.098 115.339 -0.098
202312 -0.408 114.781 -0.409
202403 -0.242 115.227 -0.242
202406 0.304 114.781 0.305
202409 0.151 115.785 0.150
202412 -0.311 114.893 -0.312
202503 -0.039 115.116 -0.039

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


Maanshan Iron And Steel Co  (SHSE:600808) 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.

Maanshan Iron And Steel Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.42/0.30
=11.40

* 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 Maanshan Iron And Steel Co was 154.50. The lowest was 5.48. And the median was 11.43.


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.


Maanshan Iron And Steel Co Cyclically Adjusted FCF per Share Related Terms

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


Maanshan Iron And Steel Co Business Description

Traded in Other Exchanges
Address
No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It focuses on the business of production and sales of iron and steel products and their by-products, and Masteel Finance mainly provides financial services within the Group. Their main production processes include iron making, steel making, steel rolling, etc. Dominantly the products of the Company include steel, which is composed of four product series of special steel, wheels and axles, long products and plates. Geographically, it is present in Mainland China generating the key revenue and Overseas and Hong Kong.
Executives
Mao Zhan Hong senior management

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