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Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Cyclically Adjusted FCF per Share : ¥0.24 (As of Mar. 2024)


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What is Bichamp Cutting Technology (Hunan) 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.

Bichamp Cutting Technology (Hunan) Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.040. 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 ¥0.24 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-23), Bichamp Cutting Technology (Hunan) Co's current stock price is ¥17.50. Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.24. Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted Price-to-FCF of today is 72.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bichamp Cutting Technology (Hunan) Co was 106.75. The lowest was 64.08. And the median was 79.17.


Bichamp Cutting Technology (Hunan) Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bichamp Cutting Technology (Hunan) 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.

Bichamp Cutting Technology (Hunan) Co Cyclically Adjusted FCF per Share Chart

Bichamp Cutting Technology (Hunan) 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 - - - - 0.24

Bichamp Cutting Technology (Hunan) 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 - - - 0.24 0.24

Competitive Comparison of Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, Bichamp Cutting Technology (Hunan) 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.


Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted Price-to-FCF falls into.



Bichamp Cutting Technology (Hunan) 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, Bichamp Cutting Technology (Hunan) 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)
=0.04/115.2271*115.2271
=0.040

Current CPI (Mar. 2024) = 115.2271.

Bichamp Cutting Technology (Hunan) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201012 0.000 89.289 0.000
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 0.127 102.200 0.143
201606 0.129 101.400 0.147
201609 0.067 102.400 0.075
201612 0.157 102.600 0.176
201703 0.034 103.200 0.038
201706 0.115 103.100 0.129
201709 -0.093 104.100 -0.103
201712 0.126 104.500 0.139
201803 -0.040 105.300 -0.044
201806 0.039 104.900 0.043
201809 0.021 106.600 0.023
201812 -0.011 106.500 -0.012
201903 0.090 107.700 0.096
201906 -0.090 107.700 -0.096
201909 -0.194 109.800 -0.204
201912 0.009 111.200 0.009
202003 -0.054 112.300 -0.055
202006 0.232 110.400 0.242
202009 0.011 111.700 0.011
202012 0.086 111.500 0.089
202103 0.049 112.662 0.050
202106 0.319 111.769 0.329
202109 -0.087 112.215 -0.089
202112 0.410 113.108 0.418
202203 -0.078 114.335 -0.079
202206 0.295 114.558 0.297
202209 -0.067 115.339 -0.067
202212 0.409 115.116 0.409
202303 -0.098 115.116 -0.098
202306 -0.162 114.558 -0.163
202309 -0.108 115.339 -0.108
202312 0.170 114.781 0.171
202403 0.040 115.227 0.040

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


Bichamp Cutting Technology (Hunan) Co  (SZSE:002843) 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.

Bichamp Cutting Technology (Hunan) Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.50/0.24
=72.92

* 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 Bichamp Cutting Technology (Hunan) Co was 106.75. The lowest was 64.08. And the median was 79.17.


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.


Bichamp Cutting Technology (Hunan) Co Cyclically Adjusted FCF per Share Related Terms

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Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Business Description

Traded in Other Exchanges
N/A
Address
No. 68 Taijia Road, Economic Development Zone, Wangcheng, Hunan Province, Changsha, CHN, 410200
Bichamp Cutting Technology (Hunan) Co Ltd manufactures industrial consumables. The company develops, produces, and sells bimetallic band saw blades, bimetal hacksaw blades, carbide band saw blades, and other related products.

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