OFILM Group Co (SZSE:002456) Cyclically Adjusted FCF per Share : ¥-0.32 (As of Mar. 2024)

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What is OFILM Group 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.

OFILM Group Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.134. 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 ¥-0.32 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.80% 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 OFILM Group Co was 16.70% per year. The lowest was 12.60% per year. And the median was 13.10% per year.

As of today (2024-06-20), OFILM Group Co's current stock price is ¥7.92. OFILM Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.32. OFILM Group Co's Cyclically Adjusted Price-to-FCF of today is .

OFILM Group Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for OFILM Group 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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OFILM Group Co Cyclically Adjusted FCF per Share Chart

OFILM Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted FCF per Share

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-0.64

-0.51

-0.44

-0.37

-0.34

OFILM Group 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															-0.38	-0.31	-0.32	-0.34	-0.32

Competitive Comparison of OFILM Group Co's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, OFILM Group 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.

OFILM Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, OFILM Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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

OFILM Group 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, OFILM Group 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)
	=	-0.134	/	115.2271	*	115.2271
	=	-0.134

Current CPI (Mar. 2024) = 115.2271.

OFILM Group Co Quarterly Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201406	-0.389	98.200	-0.456
201409	0.025	98.900	0.029
201412	0.056	99.000	0.065
201503	-0.125	99.900	-0.144
201506	-0.191	99.500	-0.221
201509	-0.045	100.500	-0.052
201512	0.132	100.600	0.151
201603	0.127	102.200	0.143
201606	-0.405	101.400	-0.460
201609	-0.317	102.400	-0.357
201612	-0.155	102.600	-0.174
201703	-0.418	103.200	-0.467
201706	-0.451	103.100	-0.504
201709	-0.282	104.100	-0.312
201712	0.115	104.500	0.127
201803	-0.855	105.300	-0.936
201806	-0.355	104.900	-0.390
201809	-0.662	106.600	-0.716
201812	-0.372	106.500	-0.402
201903	-0.205	107.700	-0.219
201906	0.218	107.700	0.233
201909	0.548	109.800	0.575
201912	-0.079	111.200	-0.082
202003	0.029	112.300	0.030
202006	0.190	110.400	0.198
202009	0.162	111.700	0.167
202012	0.527	111.500	0.545
202103	0.414	112.662	0.423
202106	0.307	111.769	0.316
202109	-0.457	112.215	-0.469
202112	0.158	113.108	0.161
202203	-0.070	114.335	-0.071
202206	0.058	114.558	0.058
202209	0.151	115.339	0.151
202212	0.204	115.116	0.204
202303	-0.027	115.116	-0.027
202306	-0.048	114.558	-0.048
202309	-0.086	115.339	-0.086
202312	-0.084	114.781	-0.084
202403	-0.134	115.227	-0.134

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

OFILM Group Co (SZSE:002456) 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.

OFILM Group Co Cyclically Adjusted FCF per Share Related Terms

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

OFILM Group Co (SZSE:002456) Business Description

Industry

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Address

Huafa Road, Songbai Road, Gongming Street, Oufeiguang Science and Technology Park, Guangming New District, Guangdong, Baoan District, Shenzhen, CHN, 518107

Website

http://www.ofilm.com

OFILM Group Co Ltd manufactures precision optics and optoelectronics films. The company's products include a touch panel module, a fingerprint recognition module, and electronic products of the intelligent vehicle among others. Its products are used in the smartphone, tablet PC, smart car, and wearable electronics. The firm has branches in China, the United States, Japan, South Korea, and Europe.

Executives

Li Yun	Supervisors
Liu Xiao Chen	Directors, executives
Li Ying Ping	Executives
Ye Qing Biao	Executives
Hai Jiang	Directors, executives
Huang Li Hui	Directors, executives
Luo Yong Hui	Supervisors
Yin Yun Yun	Executives
Zhou Liang	Directors, executives
Tan Zhen Lin	Executives
Yao Fei	Executives
Ceng Zhao Hao	Executives
Cai Xue Peng	Directors, executives
Lin Hong Ping	Supervisors
Shen Cheng Zhe	Executives

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