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Vndirect Securities (STC:VND) Cyclically Adjusted FCF per Share : ₫-4,880.09 (As of Sep. 2023)


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What is Vndirect Securities 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.

Vndirect Securities's adjusted free cash flow per share for the three months ended in Sep. 2023 was ₫252.772. 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 ₫-4,880.09 for the trailing ten years ended in Sep. 2023.

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 (2024-06-10), Vndirect Securities's current stock price is ₫17900.00. Vndirect Securities's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ₫-4,880.09. Vndirect Securities's Cyclically Adjusted Price-to-FCF of today is .


Vndirect Securities Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vndirect Securities'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.

Vndirect Securities Cyclically Adjusted FCF per Share Chart

Vndirect Securities Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -4,592.05 -4,542.19

Vndirect Securities Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -4,500.77 -4,542.19 -4,739.78 -4,835.06 -4,880.09

Competitive Comparison of Vndirect Securities's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, Vndirect Securities'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.


Vndirect Securities's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Vndirect Securities's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Vndirect Securities 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, Vndirect Securities's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=252.772/129.8595*129.8595
=252.772

Current CPI (Sep. 2023) = 129.8595.

Vndirect Securities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 84.961 98.326 112.208
201403 1,766.531 99.695 2,301.038
201406 -3,748.295 100.560 -4,840.435
201409 640.109 100.428 827.701
201412 -448.178 99.070 -587.467
201503 -843.975 99.621 -1,100.150
201506 -3,618.310 100.684 -4,666.803
201509 312.940 100.392 404.798
201512 1,041.694 99.792 1,355.553
201603 -4,050.740 100.470 -5,235.642
201606 -6,154.550 101.688 -7,859.590
201609 -487.569 101.861 -621.587
201612 642.488 101.863 819.075
201703 -2,969.867 102.862 -3,749.341
201706 -703.234 103.349 -883.623
201709 283.340 104.136 353.332
201712 -232.933 104.011 -290.821
201803 -2,662.632 105.290 -3,283.975
201806 -241.861 106.317 -295.418
201809 -2,197.162 106.507 -2,678.915
201812 1,336.008 105.998 1,636.762
201903 -1,367.012 107.251 -1,655.186
201906 -204.590 108.070 -245.841
201909 235.813 108.329 282.680
201912 675.426 108.420 808.987
202003 -419.988 108.902 -500.814
202006 -1,154.235 108.767 -1,378.065
202009 -1,050.444 109.815 -1,242.182
202012 -180.707 109.897 -213.532
202103 -5,171.618 111.754 -6,009.461
202106 734.654 114.631 832.248
202109 -3,948.986 115.734 -4,430.954
202112 -3,320.347 117.630 -3,665.565
202203 -3,019.188 121.301 -3,232.209
202206 63.344 125.017 65.798
202209 3,168.607 125.227 3,285.836
202212 -1,541.069 125.222 -1,598.144
202303 -546.652 127.348 -557.434
202306 -1,305.080 128.729 -1,316.544
202309 252.772 129.860 252.772

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


Vndirect Securities  (STC:VND) 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.


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.


Vndirect Securities Cyclically Adjusted FCF per Share Related Terms

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


Vndirect Securities (STC:VND) Business Description

Traded in Other Exchanges
N/A
Address
1 Nguyen Thuong Hien Street, Hai Ba Trung District, Hanoi, VNM
Vndirect Securities Corp is engaged in the brokerage business. The company provides corporate finance consulting, self-trading, underwriting, and portfolio management.

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