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Kingclean Electric Co (SHSE:603355) Cyclically Adjusted FCF per Share : ¥0.95 (As of Mar. 2024)


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What is Kingclean Electric 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.

Kingclean Electric Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.367. 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 ¥0.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kingclean Electric Co's average Cyclically Adjusted FCF Growth Rate was 2.20% 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.

As of today (2024-05-23), Kingclean Electric Co's current stock price is ¥27.29. Kingclean Electric Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.95. Kingclean Electric Co's Cyclically Adjusted Price-to-FCF of today is 28.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kingclean Electric Co was 31.46. The lowest was 19.42. And the median was 26.55.


Kingclean Electric Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kingclean Electric 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.

Kingclean Electric Co Cyclically Adjusted FCF per Share Chart

Kingclean Electric 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 - - - - 0.91

Kingclean Electric 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 0.93 0.94 0.91 0.91 0.95

Competitive Comparison of Kingclean Electric Co's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, Kingclean Electric 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.


Kingclean Electric Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kingclean Electric Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kingclean Electric 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, Kingclean Electric 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)
=0.367/115.2271*115.2271
=0.367

Current CPI (Mar. 2024) = 115.2271.

Kingclean Electric Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.421 98.200 0.494
201409 0.743 98.900 0.866
201412 -0.380 99.000 -0.442
201503 0.161 99.900 0.186
201506 0.211 99.500 0.244
201509 0.009 100.500 0.010
201512 0.401 100.600 0.459
201603 0.098 102.200 0.110
201606 0.141 101.400 0.160
201609 0.215 102.400 0.242
201612 0.192 102.600 0.216
201703 -0.150 103.200 -0.167
201706 0.012 103.100 0.013
201709 -0.016 104.100 -0.018
201712 0.141 104.500 0.155
201803 0.013 105.300 0.014
201806 0.314 104.900 0.345
201809 0.491 106.600 0.531
201812 0.099 106.500 0.107
201903 0.731 107.700 0.782
201906 0.400 107.700 0.428
201909 0.178 109.800 0.187
201912 0.648 111.200 0.671
202003 0.399 112.300 0.409
202006 1.100 110.400 1.148
202009 0.175 111.700 0.181
202012 -0.131 111.500 -0.135
202103 -0.917 112.662 -0.938
202106 1.079 111.769 1.112
202109 0.077 112.215 0.079
202112 0.042 113.108 0.043
202203 -0.075 114.335 -0.076
202206 0.706 114.558 0.710
202209 0.382 115.339 0.382
202212 -0.241 115.116 -0.241
202303 0.228 115.116 0.228
202306 0.417 114.558 0.419
202309 -0.141 115.339 -0.141
202312 0.307 114.781 0.308
202403 0.367 115.227 0.367

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


Kingclean Electric Co  (SHSE:603355) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.29/0.95
=28.73

* 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 Kingclean Electric Co was 31.46. The lowest was 19.42. And the median was 26.55.


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.


Kingclean Electric Co Cyclically Adjusted FCF per Share Related Terms

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


Kingclean Electric Co (SHSE:603355) Business Description

Traded in Other Exchanges
N/A
Address
Number 1 Xiangyang Road, Suzhou New District, Jiangsu Province, Suzhou, CHN, 215009
Kingclean Electric Co Ltd is a China-based company engaged in manufacturing and selling of vacuum cleaners. It also offers garden tools, car motor, hard floor polisher, carpet washer and small home appliances like food cooking machine, juicer, and soymilk maker. The company operates three categories of its core business, High-speed motor and automobile motor, Cleaning appliance and kitchen appliance, and Garden tool products.

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