Avcon Information Technology Co (SZSE:300074) Cyclically Adjusted FCF per Share : ¥-0.05 (As of Mar. 2024)

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What is Avcon Information Technology 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.

Avcon Information Technology Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.159. 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 ¥-0.05 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% 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 Avcon Information Technology Co was 28.60% per year. The lowest was -6.90% per year. And the median was 3.10% per year.

As of today (2024-06-20), Avcon Information Technology Co's current stock price is ¥3.41. Avcon Information Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.05. Avcon Information Technology Co's Cyclically Adjusted Price-to-FCF of today is .

Avcon Information Technology Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Avcon Information Technology 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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Avcon Information Technology Co Cyclically Adjusted FCF per Share Chart

Avcon Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted FCF per Share

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-0.11

-0.10

-0.04

Avcon Information Technology 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															-0.09	-0.07	-0.07	-0.04	-0.05

Competitive Comparison of Avcon Information Technology Co's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Avcon Information Technology 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.

Avcon Information Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

* The bar in red indicates where Avcon Information Technology Co's Cyclically Adjusted Price-to-FCF falls into.

Avcon Information Technology 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, Avcon Information Technology 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)
	=	-0.159	/	115.2271	*	115.2271
	=	-0.159

Current CPI (Mar. 2024) = 115.2271.

Avcon Information Technology Co Quarterly Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201406	-0.012	98.200	-0.014
201409	-0.299	98.900	-0.348
201412	0.020	99.000	0.023
201503	-0.079	99.900	-0.091
201506	-0.040	99.500	-0.046
201509	0.019	100.500	0.022
201512	0.031	100.600	0.036
201603	-0.092	102.200	-0.104
201606	0.011	101.400	0.012
201609	-0.039	102.400	-0.044
201612	0.054	102.600	0.061
201703	-0.147	103.200	-0.164
201706	-0.064	103.100	-0.072
201709	-0.030	104.100	-0.033
201712	0.217	104.500	0.239
201803	-0.139	105.300	-0.152
201806	-0.053	104.900	-0.058
201809	0.044	106.600	0.048
201812	0.017	106.500	0.018
201903	-0.052	107.700	-0.056
201906	-0.001	107.700	-0.001
201909	-0.060	109.800	-0.063
201912	0.104	111.200	0.108
202003	-0.065	112.300	-0.067
202006	0.001	110.400	0.001
202009	-0.007	111.700	-0.007
202012	0.106	111.500	0.110
202103	-0.099	112.662	-0.101
202106	0.038	111.769	0.039
202109	-0.024	112.215	-0.025
202112	0.037	113.108	0.038
202203	0.037	114.335	0.037
202206	-0.041	114.558	-0.041
202209	-0.003	115.339	-0.003
202212	0.023	115.116	0.023
202303	-0.023	115.116	-0.023
202306	0.034	114.558	0.034
202309	0.009	115.339	0.009
202312	0.287	114.781	0.288
202403	-0.159	115.227	-0.159

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

Avcon Information Technology Co (SZSE:300074) 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.

Avcon Information Technology Co Cyclically Adjusted FCF per Share Related Terms

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

Avcon Information Technology Co (SZSE:300074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avcon Information Technology Co Ltd (SZSE:300074) » Definitions » Cyclically Adjusted FCF per Share

Traded in Other Exchanges

N/A

Address

No. 69, Lane 1688, North Guoquan Road, Building A6, Wangu Science and Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.avcon.com.cn

Avcon Information Technology Co Ltd designs and sells audio and video communication products and image intelligent integrated applications. It provides users with visual application solutions such as video conferencing, emergency command, smart cities security monitoring, safe cities, intelligent transportation, online education, and video call centers.

Executives

Li Hui	Secretary, Director
Tian Tian	Supervisors
Cheng Lin Fang	Executives
Fang Yong Xin	Director
Guo Feng	Directors, executives
Chen Zhuang	Independent director
Tang Xiao Yun	Secretary Dong
Wu Biao	Executives
Huang Qiao Lian	Securities Affairs Representative
Xi Feng Wei	Directors, executives
Liu Xiao Lu	Director
Liu Yan	Director
Zhou Xiao Chuan	Supervisors
Liu Xiao Dan	Director
Li Ji Chun	Supervisors

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