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Changhong Meiling Co (SZSE:000521) Cyclically Adjusted FCF per Share : ¥0.49 (As of Mar. 2024)


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What is Changhong Meiling 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.

Changhong Meiling Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.184. 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 ¥0.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Changhong Meiling Co's average Cyclically Adjusted FCF Growth Rate was 50.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 47.60% 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 Changhong Meiling Co was 47.60% per year. The lowest was -26.30% per year. And the median was 26.00% per year.

As of today (2024-05-23), Changhong Meiling Co's current stock price is ¥10.59. Changhong Meiling Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.49. Changhong Meiling Co's Cyclically Adjusted Price-to-FCF of today is 21.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Changhong Meiling Co was 673.00. The lowest was 9.18. And the median was 36.64.


Changhong Meiling Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Changhong Meiling 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.

Changhong Meiling Co Cyclically Adjusted FCF per Share Chart

Changhong Meiling 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 0.11 0.14 0.26 0.35 0.45

Changhong Meiling 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 0.32 0.50 0.59 0.45 0.49

Competitive Comparison of Changhong Meiling Co's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, Changhong Meiling 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.


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

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

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



Changhong Meiling 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, Changhong Meiling 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)
=-0.184/115.2271*115.2271
=-0.184

Current CPI (Mar. 2024) = 115.2271.

Changhong Meiling Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.022 98.200 0.026
201409 0.076 98.900 0.089
201412 0.442 99.000 0.514
201503 -0.203 99.900 -0.234
201506 0.591 99.500 0.684
201509 0.821 100.500 0.941
201512 -1.028 100.600 -1.177
201603 0.135 102.200 0.152
201606 0.920 101.400 1.045
201609 0.864 102.400 0.972
201612 -0.647 102.600 -0.727
201703 0.464 103.200 0.518
201706 -0.230 103.100 -0.257
201709 -0.686 104.100 -0.759
201712 -0.589 104.500 -0.649
201803 -0.843 105.300 -0.922
201806 0.735 104.900 0.807
201809 -0.081 106.600 -0.088
201812 -0.630 106.500 -0.682
201903 -1.013 107.700 -1.084
201906 1.178 107.700 1.260
201909 -0.226 109.800 -0.237
201912 0.978 111.200 1.013
202003 -1.023 112.300 -1.050
202006 0.427 110.400 0.446
202009 0.046 111.700 0.047
202012 1.543 111.500 1.595
202103 -1.015 112.662 -1.038
202106 0.325 111.769 0.335
202109 0.327 112.215 0.336
202112 0.260 113.108 0.265
202203 -1.104 114.335 -1.113
202206 1.510 114.558 1.519
202209 1.159 115.339 1.158
202212 -0.435 115.116 -0.435
202303 -0.429 115.116 -0.429
202306 1.689 114.558 1.699
202309 0.904 115.339 0.903
202312 -0.408 114.781 -0.410
202403 -0.184 115.227 -0.184

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


Changhong Meiling Co  (SZSE:000521) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.59/0.49
=21.61

* 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 Changhong Meiling Co was 673.00. The lowest was 9.18. And the median was 36.64.


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.


Changhong Meiling Co Cyclically Adjusted FCF per Share Related Terms

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Changhong Meiling Co (SZSE:000521) Business Description

Traded in Other Exchanges
Address
No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601
Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.

Changhong Meiling Co (SZSE:000521) Headlines

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