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AECC Aero-Engine Controls Co (SZSE:000738) Cyclically Adjusted FCF per Share : ¥0.07 (As of Mar. 2024)


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What is AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.264. 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 ¥0.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AECC Aero-Engine Controls Co's average Cyclically Adjusted FCF Growth Rate was 200.00% 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 AECC Aero-Engine Controls Co was 20.60% per year. The lowest was -58.70% per year. And the median was -19.05% per year.

As of today (2024-05-21), AECC Aero-Engine Controls Co's current stock price is ¥20.56. AECC Aero-Engine Controls Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.07. AECC Aero-Engine Controls Co's Cyclically Adjusted Price-to-FCF of today is 293.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AECC Aero-Engine Controls Co was 3028.00. The lowest was 237.33. And the median was 611.98.


AECC Aero-Engine Controls Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co Cyclically Adjusted FCF per Share Chart

AECC Aero-Engine Controls 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 - -0.05 0.01 0.04 0.06

AECC Aero-Engine Controls 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 0.02 0.02 0.05 0.06 0.07

Competitive Comparison of AECC Aero-Engine Controls Co's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, AECC Aero-Engine Controls 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.


AECC Aero-Engine Controls Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aero-Engine Controls Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AECC Aero-Engine Controls Co's Cyclically Adjusted Price-to-FCF falls into.



AECC Aero-Engine Controls 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, AECC Aero-Engine Controls 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)
=-0.264/115.2271*115.2271
=-0.264

Current CPI (Mar. 2024) = 115.2271.

AECC Aero-Engine Controls Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.005 98.200 -0.006
201409 -0.036 98.900 -0.042
201412 0.107 99.000 0.125
201503 -0.178 99.900 -0.205
201506 0.030 99.500 0.035
201509 -0.009 100.500 -0.010
201512 0.409 100.600 0.468
201603 -0.169 102.200 -0.191
201606 -0.040 101.400 -0.045
201609 0.124 102.400 0.140
201612 0.002 102.600 0.002
201703 -0.219 103.200 -0.245
201706 0.214 103.100 0.239
201709 -0.096 104.100 -0.106
201712 0.614 104.500 0.677
201803 -0.326 105.300 -0.357
201806 -0.067 104.900 -0.074
201809 -0.062 106.600 -0.067
201812 -0.168 106.500 -0.182
201903 -0.290 107.700 -0.310
201906 -0.065 107.700 -0.070
201909 0.104 109.800 0.109
201912 0.749 111.200 0.776
202003 -0.200 112.300 -0.205
202006 -0.198 110.400 -0.207
202009 0.198 111.700 0.204
202012 0.180 111.500 0.186
202103 -0.254 112.662 -0.260
202106 0.365 111.769 0.376
202109 0.200 112.215 0.205
202112 -0.106 113.108 -0.108
202203 -0.273 114.335 -0.275
202206 0.052 114.558 0.052
202209 0.624 115.339 0.623
202212 -0.313 115.116 -0.313
202303 -0.331 115.116 -0.331
202306 0.040 114.558 0.040
202309 -0.004 115.339 -0.004
202312 0.267 114.781 0.268
202403 -0.264 115.227 -0.264

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


AECC Aero-Engine Controls Co  (SZSE:000738) 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.

AECC Aero-Engine Controls Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.56/0.07
=293.71

* 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 AECC Aero-Engine Controls Co was 3028.00. The lowest was 237.33. And the median was 611.98.


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.


AECC Aero-Engine Controls Co Cyclically Adjusted FCF per Share Related Terms

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


AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Traded in Other Exchanges
N/A
Address
No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN
AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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