CECEP Solar Energy Co (SZSE:000591) Cyclically Adjusted FCF per Share : ¥-0.44 (As of Mar. 2024)

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What is CECEP Solar Energy 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.

CECEP Solar Energy Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.258. 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 ¥-0.44 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.50% 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 CECEP Solar Energy Co was 14.50% per year. The lowest was -45.40% per year. And the median was -4.50% per year.

As of today (2024-06-20), CECEP Solar Energy Co's current stock price is ¥4.76. CECEP Solar Energy Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.44. CECEP Solar Energy Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CECEP Solar Energy Co was 230.33. The lowest was 46.57. And the median was 96.63.

CECEP Solar Energy Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CECEP Solar Energy 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.

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CECEP Solar Energy Co Cyclically Adjusted FCF per Share Chart

CECEP Solar Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted FCF per Share

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-0.50

-0.49

-0.46

-0.41

CECEP Solar Energy 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															-0.41	-0.43	-0.44	-0.41	-0.44

Competitive Comparison of CECEP Solar Energy Co's Cyclically Adjusted FCF per Share

For the Utilities - Renewable subindustry, CECEP Solar Energy 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.

CECEP Solar Energy Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CECEP Solar Energy Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CECEP Solar Energy Co's Cyclically Adjusted Price-to-FCF falls into.

CECEP Solar Energy Co Cyclically Adjusted FCF per Share Calculation

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, CECEP Solar Energy 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)
	=	-0.258	/	115.2271	*	115.2271
	=	-0.258

Current CPI (Mar. 2024) = 115.2271.

CECEP Solar Energy Co Quarterly Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201406	0.034	98.200	0.040
201409	0.024	98.900	0.028
201412	-1.738	99.000	-2.023
201503	-0.264	99.900	-0.305
201506	-0.386	99.500	-0.447
201509	-0.254	100.500	-0.291
201512	-0.697	100.600	-0.798
201603	-0.235	102.200	-0.265
201606	-0.310	101.400	-0.352
201609	-0.279	102.400	-0.314
201612	-0.167	102.600	-0.188
201703	-0.183	103.200	-0.204
201706	-0.060	103.100	-0.067
201709	-0.042	104.100	-0.046
201712	-0.075	104.500	-0.083
201803	-0.061	105.300	-0.067
201806	0.018	104.900	0.020
201809	0.087	106.600	0.094
201812	0.087	106.500	0.094
201903	-0.097	107.700	-0.104
201906	0.022	107.700	0.024
201909	-0.080	109.800	-0.084
201912	-0.045	111.200	-0.047
202003	-0.083	112.300	-0.085
202006	0.006	110.400	0.006
202009	0.174	111.700	0.179
202012	0.112	111.500	0.116
202103	-0.014	112.662	-0.014
202106	0.140	111.769	0.144
202109	0.206	112.215	0.212
202112	0.090	113.108	0.092
202203	-0.018	114.335	-0.018
202206	0.077	114.558	0.077
202209	0.064	115.339	0.064
202212	0.642	115.116	0.643
202303	0.152	115.116	0.152
202306	-0.195	114.558	-0.196
202309	-0.132	115.339	-0.132
202312	-0.034	114.781	-0.034
202403	-0.258	115.227	-0.258

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

CECEP Solar Energy Co (SZSE:000591) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CECEP Solar Energy Co was 230.33. The lowest was 46.57. And the median was 96.63.

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.

CECEP Solar Energy Co Cyclically Adjusted FCF per Share Related Terms

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

CECEP Solar Energy Co (SZSE:000591) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Solar Energy Co Ltd (SZSE:000591) » Definitions » Cyclically Adjusted FCF per Share

Traded in Other Exchanges

N/A

Address

No.131 Zhongshan Third Road, 19th Floor, Hilton Business Center, Yuzhong District, Chongqing, CHN, 100082

Website

http://www.tynen.cecep.cn

CECEP Solar Energy Co Ltd is a solar energy investment operator in China. It is engaged in the production and sales of solar cell and module.

Executives

Ai Wei	Director
Peng Qi Yuan	Director
Hu Xiao Hua	Executives
Song Wei	Directors, executives
Wang Zu Yue	Executives
Liu Ya	Supervisors
Lei Rong	Director

CECEP Solar Energy Co (SZSE:000591) Headlines

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