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Joeone Co (SHSE:601566) Cyclically Adjusted FCF per Share : ¥0.59 (As of Mar. 2024)


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What is Joeone 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.

Joeone Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.162. 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 ¥0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Joeone Co's average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.50% 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 Joeone Co was -0.50% per year. The lowest was -2.10% per year. And the median was -1.30% per year.

As of today (2024-05-25), Joeone Co's current stock price is ¥10.29. Joeone Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.59. Joeone Co's Cyclically Adjusted Price-to-FCF of today is 17.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Joeone Co was 29.17. The lowest was 11.18. And the median was 17.33.


Joeone Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Joeone 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.

Joeone Co Cyclically Adjusted FCF per Share Chart

Joeone 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 0.64 0.61 0.63 0.60 0.60

Joeone 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 0.59 0.60 0.59 0.60 0.59

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

For the Apparel Manufacturing subindustry, Joeone 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.


Joeone Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Joeone Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Joeone 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, Joeone 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)
=0.162/115.2271*115.2271
=0.162

Current CPI (Mar. 2024) = 115.2271.

Joeone Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.006 98.200 0.007
201409 0.148 98.900 0.172
201412 0.343 99.000 0.399
201503 0.404 99.900 0.466
201506 0.068 99.500 0.079
201509 0.133 100.500 0.152
201512 0.178 100.600 0.204
201603 0.297 102.200 0.335
201606 0.030 101.400 0.034
201609 0.080 102.400 0.090
201612 0.271 102.600 0.304
201703 0.362 103.200 0.404
201706 -0.037 103.100 -0.041
201709 0.131 104.100 0.145
201712 0.316 104.500 0.348
201803 0.373 105.300 0.408
201806 0.001 104.900 0.001
201809 0.019 106.600 0.021
201812 0.194 106.500 0.210
201903 0.160 107.700 0.171
201906 -0.174 107.700 -0.186
201909 0.033 109.800 0.035
201912 0.182 111.200 0.189
202003 0.185 112.300 0.190
202006 -0.111 110.400 -0.116
202009 0.082 111.700 0.085
202012 0.127 111.500 0.131
202103 0.234 112.662 0.239
202106 -0.273 111.769 -0.281
202109 -0.046 112.215 -0.047
202112 0.233 113.108 0.237
202203 0.089 114.335 0.090
202206 -0.095 114.558 -0.096
202209 0.163 115.339 0.163
202212 0.227 115.116 0.227
202303 0.285 115.116 0.285
202306 0.104 114.558 0.105
202309 0.121 115.339 0.121
202312 0.420 114.781 0.422
202403 0.162 115.227 0.162

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


Joeone Co  (SHSE:601566) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.29/0.59
=17.44

* 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 Joeone Co was 29.17. The lowest was 11.18. And the median was 17.33.


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.


Joeone Co Cyclically Adjusted FCF per Share Related Terms

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


Joeone Co (SHSE:601566) Business Description

Traded in Other Exchanges
N/A
Address
JOEONE Industrial Park, Fujian Quanzhou, Economic & Technological Development Zone, Quanzhou City, CHN, 362005
Joeone Co Ltd is a China-based company engaged in the research and development, design, production and distribution of men's garments. It offers trousers, jackets, suits and other apparel products under the JOEONE brand name.
Executives
Chen Jia Pin Director
Chen Zhi Gao senior management
Wu Hui Rong Director
Xu Fang Director
Zhang Jing Chun Director
Lin Rong Zong Director
Ceng Yong senior management
Zhu Jian Shi senior management

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