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Anhui Kouzi Distillery Co (SHSE:603589) Cyclically Adjusted FCF per Share : ¥1.10 (As of Sep. 2024)


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What is Anhui Kouzi Distillery 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.

Anhui Kouzi Distillery Co's adjusted free cash flow per share for the three months ended in Sep. 2024 was ¥0.522. 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 ¥1.10 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Anhui Kouzi Distillery Co's average Cyclically Adjusted FCF Growth Rate was 11.10% 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 (2025-01-18), Anhui Kouzi Distillery Co's current stock price is ¥36.92. Anhui Kouzi Distillery Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was ¥1.10. Anhui Kouzi Distillery Co's Cyclically Adjusted Price-to-FCF of today is 33.56.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Anhui Kouzi Distillery Co was 74.11. The lowest was 32.63. And the median was 41.28.


Anhui Kouzi Distillery Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Anhui Kouzi Distillery 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.

Anhui Kouzi Distillery Co Cyclically Adjusted FCF per Share Chart

Anhui Kouzi Distillery 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 - - - - 1.03

Anhui Kouzi Distillery Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.99 1.03 1.04 1.03 1.10

Competitive Comparison of Anhui Kouzi Distillery Co's Cyclically Adjusted FCF per Share

For the Beverages - Wineries & Distilleries subindustry, Anhui Kouzi Distillery 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.


Anhui Kouzi Distillery Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anhui Kouzi Distillery Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Anhui Kouzi Distillery 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, Anhui Kouzi Distillery Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.522/115.7848*115.7848
=0.522

Current CPI (Sep. 2024) = 115.7848.

Anhui Kouzi Distillery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.381 99.000 0.446
201503 -0.304 99.900 -0.352
201506 0.320 99.500 0.372
201509 0.420 100.500 0.484
201512 0.321 100.600 0.369
201603 -0.314 102.200 -0.356
201606 0.183 101.400 0.209
201609 0.512 102.400 0.579
201612 0.397 102.600 0.448
201703 0.288 103.200 0.323
201706 0.086 103.100 0.097
201709 0.748 104.100 0.832
201712 1.208 104.500 1.338
201803 -0.401 105.300 -0.441
201806 0.134 104.900 0.148
201809 0.521 106.600 0.566
201812 1.151 106.500 1.251
201903 0.031 107.700 0.033
201906 0.176 107.700 0.189
201909 0.619 109.800 0.653
201912 1.111 111.200 1.157
202003 -0.585 112.300 -0.603
202006 -0.314 110.400 -0.329
202009 0.214 111.700 0.222
202012 0.877 111.500 0.911
202103 -0.708 112.662 -0.728
202106 -0.091 111.769 -0.094
202109 0.491 112.215 0.507
202112 0.614 113.108 0.629
202203 0.049 114.335 0.050
202206 -0.959 114.558 -0.969
202209 0.444 115.339 0.446
202212 1.186 115.116 1.193
202303 -0.498 115.116 -0.501
202306 0.282 114.558 0.285
202309 0.551 115.339 0.553
202312 0.703 114.781 0.709
202403 -0.241 115.227 -0.242
202406 0.073 114.781 0.074
202409 0.522 115.785 0.522

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


Anhui Kouzi Distillery Co  (SHSE:603589) 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.

Anhui Kouzi Distillery Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.92/1.1
=33.56

* 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 Anhui Kouzi Distillery Co was 74.11. The lowest was 32.63. And the median was 41.28.


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.


Anhui Kouzi Distillery Co Cyclically Adjusted FCF per Share Related Terms

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Anhui Kouzi Distillery Co Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Xiangshan South Road, Anhui Province, Huaibei, CHN, 235199
Anhui Kouzi Distillery Co Ltd is a China-based wine brewing company. It is engaged in the production, manufacturing, and selling of wine and glass products. The company owns liquor series products under the brands of Kouzijiao, Laokouzi, Kouzifang, and Kouzimeijiu, among others.
Executives
Xu Jin Directors, senior managers
Zhang Guo Qiang Director
Liu An Sheng Supervisors
Feng Ben Lian Supervisors
Lv Jia Fang Supervisors

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