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CSG Holding Co (SZSE:000012) Cyclically Adjusted FCF per Share : ¥0.18 (As of Mar. 2024)


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What is CSG Holding 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.

CSG Holding Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.232. 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 ¥0.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CSG Holding Co's average Cyclically Adjusted FCF Growth Rate was -5.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.50% 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 CSG Holding Co was 45.00% per year. The lowest was -11.90% per year. And the median was 7.80% per year.

As of today (2024-05-20), CSG Holding Co's current stock price is ¥5.87. CSG Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.18. CSG Holding Co's Cyclically Adjusted Price-to-FCF of today is 32.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CSG Holding Co was 155.33. The lowest was 20.81. And the median was 36.00.


CSG Holding Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CSG Holding 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.

CSG Holding Co Cyclically Adjusted FCF per Share Chart

CSG Holding 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 0.13 0.16 0.28 0.22 0.19

CSG Holding 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 0.19 0.19 0.18 0.19 0.18

Competitive Comparison of CSG Holding Co's Cyclically Adjusted FCF per Share

For the Building Materials subindustry, CSG Holding 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.


CSG Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, CSG Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CSG Holding 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, CSG Holding 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)
=-0.232/115.2271*115.2271
=-0.232

Current CPI (Mar. 2024) = 115.2271.

CSG Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.031 98.200 -0.036
201409 -0.034 98.900 -0.040
201412 0.012 99.000 0.014
201503 -0.094 99.900 -0.108
201506 0.034 99.500 0.039
201509 0.009 100.500 0.010
201512 0.132 100.600 0.151
201603 0.020 102.200 0.023
201606 0.161 101.400 0.183
201609 0.082 102.400 0.092
201612 0.039 102.600 0.044
201703 0.027 103.200 0.030
201706 0.066 103.100 0.074
201709 0.156 104.100 0.173
201712 0.145 104.500 0.160
201803 -0.018 105.300 -0.020
201806 0.157 104.900 0.172
201809 0.156 106.600 0.169
201812 0.137 106.500 0.148
201903 0.003 107.700 0.003
201906 0.159 107.700 0.170
201909 0.169 109.800 0.177
201912 0.173 111.200 0.179
202003 -0.093 112.300 -0.095
202006 0.186 110.400 0.194
202009 0.187 111.700 0.193
202012 0.209 111.500 0.216
202103 0.036 112.662 0.037
202106 0.272 111.769 0.280
202109 0.130 112.215 0.133
202112 0.241 113.108 0.246
202203 -0.213 114.335 -0.215
202206 -0.017 114.558 -0.017
202209 -0.147 115.339 -0.147
202212 -0.086 115.116 -0.086
202303 -0.445 115.116 -0.445
202306 0.052 114.558 0.052
202309 -0.177 115.339 -0.177
202312 0.073 114.781 0.073
202403 -0.232 115.227 -0.232

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


CSG Holding Co  (SZSE:000012) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.87/0.18
=32.61

* 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 CSG Holding Co was 155.33. The lowest was 20.81. And the median was 36.00.


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.


CSG Holding Co Cyclically Adjusted FCF per Share Related Terms

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


CSG Holding Co (SZSE:000012) Business Description

Traded in Other Exchanges
Address
6th Industrial Road, CSG Building, Number 1, Shekou, Shenzhen, CHN, 518067
CSG Holding Co Ltd produces and sells glass products. The company's operating segment includes Flat glass; Solar energy; Electronic glass and displays and others. It generates maximum revenue from the Flat glass segment. The flat glass segment is engaged in production and sales of float glass and engineering glass and the silica for the production thereof. Its glass products include Float Glass; Ultra-clear Float Glass; Solar Patterned Low Iron Glass and AR Coating Solar Glass. Geographically, it derives revenue from Mainland China.

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