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Shenzhen Inovance Technology Co (SZSE:300124) Cyclically Adjusted FCF per Share : ¥0.51 (As of Mar. 2025)


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What is Shenzhen Inovance 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.

Shenzhen Inovance Technology Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was ¥-0.150. 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 ¥0.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Shenzhen Inovance Technology Co's average Cyclically Adjusted FCF Growth Rate was 45.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.10% 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 Shenzhen Inovance Technology Co was 28.50% per year. The lowest was 20.50% per year. And the median was 25.50% per year.

As of today (2025-06-01), Shenzhen Inovance Technology Co's current stock price is ¥65.78. Shenzhen Inovance Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥0.51. Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF of today is 128.98.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Shenzhen Inovance Technology Co was 401.95. The lowest was 99.75. And the median was 196.24.


Shenzhen Inovance Technology Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Shenzhen Inovance 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.

* Premium members only.

Shenzhen Inovance Technology Co Cyclically Adjusted FCF per Share Chart

Shenzhen Inovance Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.25 0.30 0.35 0.53

Shenzhen Inovance Technology Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.35 0.40 0.46 0.53 0.51

Competitive Comparison of Shenzhen Inovance Technology Co's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance 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.


Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Shenzhen Inovance Technology 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, Shenzhen Inovance Technology Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.15/115.1156*115.1156
=-0.150

Current CPI (Mar. 2025) = 115.1156.

Shenzhen Inovance Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.051 99.500 0.059
201509 0.021 100.500 0.024
201512 0.157 100.600 0.180
201603 -0.016 102.200 -0.018
201606 -0.030 101.400 -0.034
201609 0.080 102.400 0.090
201612 0.086 102.600 0.096
201703 -0.009 103.200 -0.010
201706 0.072 103.100 0.080
201709 0.004 104.100 0.004
201712 0.063 104.500 0.069
201803 -0.067 105.300 -0.073
201806 -0.030 104.900 -0.033
201809 0.107 106.600 0.116
201812 0.066 106.500 0.071
201903 -0.024 107.700 -0.026
201906 0.057 107.700 0.061
201909 0.122 109.800 0.128
201912 0.301 111.200 0.312
202003 0.030 112.300 0.031
202006 0.144 110.400 0.150
202009 0.000 111.700 0.000
202012 0.300 111.500 0.310
202103 0.055 112.662 0.056
202106 -0.012 111.769 -0.012
202109 -0.011 112.215 -0.011
202112 0.343 113.108 0.349
202203 -0.110 114.335 -0.111
202206 -0.136 114.558 -0.137
202209 0.509 115.339 0.508
202212 0.325 115.116 0.325
202303 -0.026 115.116 -0.026
202306 0.052 114.558 0.052
202309 0.111 115.339 0.111
202312 0.555 114.781 0.557
202403 -0.094 115.227 -0.094
202406 0.540 114.781 0.542
202409 0.548 115.785 0.545
202412 0.914 114.893 0.916
202503 -0.150 115.116 -0.150

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


Shenzhen Inovance Technology Co  (SZSE:300124) 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.

Shenzhen Inovance Technology Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=65.78/0.51
=128.98

* 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 Shenzhen Inovance Technology Co was 401.95. The lowest was 99.75. And the median was 196.24.


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.


Shenzhen Inovance Technology Co Cyclically Adjusted FCF per Share Related Terms

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


Shenzhen Inovance Technology Co Business Description

Traded in Other Exchanges
N/A
Address
High-tech Industrial Park, Guanlan Street, Huichuan Technology Headquarters Building, Longhua New District, Guangdong, Shenzhen, CHN, 518110
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives—also known as inverters—servo systems, sensors, interfaces and motor controllers. Inovance employs almost 23,000 staff, including over 5,500 research and development engineers. Almost 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou; these major offices are supported by over 10 branches across China.
Executives
Liu Ying Xin Executives
Bai Zi Ping Supervisors
Zhu Xing Ming Directors, executives
Ding Long Shan Supervisors
Song Jun En Directors, Directors, and Executives
Zhao Jin Rong Director
Li Jun Tian Directors, executives
Wang Wei Director
Li Rui Lin Executives
Yi Gao Xiang Executives
Shao Hai Bo Executives
Yang Chun Lu Executives
Wu Ni Ni Securities Affairs Representative
Zhou Bin Directors, executives
Yao Bing Executives

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