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Shenzhen Friendcom Technology Development Co (SZSE:300514) Cyclically Adjusted FCF per Share : ¥0.48 (As of Mar. 2025)


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What is Shenzhen Friendcom Technology Development 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 Friendcom Technology Development Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was ¥-0.321. 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 ¥0.48 for the trailing ten years ended in Mar. 2025.

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 (2025-05-31), Shenzhen Friendcom Technology Development Co's current stock price is ¥12.90. Shenzhen Friendcom Technology Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥0.48. Shenzhen Friendcom Technology Development Co's Cyclically Adjusted Price-to-FCF of today is 26.88.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Shenzhen Friendcom Technology Development Co was 35.11. The lowest was 25.52. And the median was 30.31.


Shenzhen Friendcom Technology Development Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Shenzhen Friendcom Technology Development 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 Friendcom Technology Development Co Cyclically Adjusted FCF per Share Chart

Shenzhen Friendcom Technology Development 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 - - - - 0.52

Shenzhen Friendcom Technology Development 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 - - 0.44 0.52 0.48

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

For the Communication Equipment subindustry, Shenzhen Friendcom Technology Development 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 Friendcom Technology Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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


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Shenzhen Friendcom Technology Development 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 Friendcom Technology Development 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)
=-0.321/115.1156*115.1156
=-0.321

Current CPI (Mar. 2025) = 115.1156.

Shenzhen Friendcom Technology Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201512 0.000 100.600 0.000
201603 -0.173 102.200 -0.195
201606 0.275 101.400 0.312
201609 0.087 102.400 0.098
201612 0.298 102.600 0.334
201703 -0.094 103.200 -0.105
201706 -0.004 103.100 -0.004
201709 -0.209 104.100 -0.231
201712 0.490 104.500 0.540
201803 -0.506 105.300 -0.553
201806 -0.105 104.900 -0.115
201809 0.086 106.600 0.093
201812 0.361 106.500 0.390
201903 -0.183 107.700 -0.196
201906 -0.086 107.700 -0.092
201909 -0.292 109.800 -0.306
201912 0.749 111.200 0.775
202003 0.336 112.300 0.344
202006 -0.173 110.400 -0.180
202009 0.030 111.700 0.031
202012 0.029 111.500 0.030
202103 0.470 112.662 0.480
202106 -0.258 111.769 -0.266
202109 0.251 112.215 0.257
202112 0.378 113.108 0.385
202203 -0.576 114.335 -0.580
202206 -0.372 114.558 -0.374
202209 0.173 115.339 0.173
202212 0.396 115.116 0.396
202303 0.402 115.116 0.402
202306 -0.072 114.558 -0.072
202309 0.348 115.339 0.347
202312 1.025 114.781 1.028
202403 -0.204 115.227 -0.204
202406 -0.374 114.781 -0.375
202409 1.265 115.785 1.258
202412 0.893 114.893 0.895
202503 -0.321 115.116 -0.321

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


Shenzhen Friendcom Technology Development Co  (SZSE:300514) 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 Friendcom Technology Development Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.90/0.48
=26.88

* 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 Friendcom Technology Development Co was 35.11. The lowest was 25.52. And the median was 30.31.


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 Friendcom Technology Development Co Cyclically Adjusted FCF per Share Related Terms

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Shenzhen Friendcom Technology Development Co Business Description

Traded in Other Exchanges
N/A
Address
Xili Longzhu 3rd Road, Taoyuan Street, 6th Floor, Building 17, Guangqian Industrial Zone, Shiyan Town, Baoan District, Shenzhen, CHN, 518005
Shenzhen Friendcom Technology Development Co Ltd is engaged in the production of power metering equipment such as concentrators and collectors. It also offers wireless data transmission modules for various water, electricity and gas metering devices. The product portfolio of the company includes data radio modem, smart sensors, wireless M-bus module, and others.
Executives
Cui Xia Director
Cui Tao Directors, executives

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