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Jones Tech (SZSE:300684) Cyclically Adjusted FCF per Share : ¥0.14 (As of Sep. 2024)


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What is Jones Tech 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.

Jones Tech's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was ¥0.388. 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 ¥0.14 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.50% 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 Jones Tech was 20.50% per year. The lowest was 20.50% per year. And the median was 20.50% per year.

As of today (2024-12-16), Jones Tech's current stock price is ¥ 22.22. Jones Tech's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was ¥0.14. Jones Tech's Cyclically Adjusted Price-to-FCF of today is 158.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Jones Tech was 731.33. The lowest was 88.71. And the median was 228.25.


Jones Tech Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Jones Tech'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.

Jones Tech Cyclically Adjusted FCF per Share Chart

Jones Tech 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 - 0.08 0.03 0.10 0.14

Jones Tech Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 0.14 - - -

Competitive Comparison of Jones Tech's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Jones Tech'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.


Jones Tech's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

* The bar in red indicates where Jones Tech's Cyclically Adjusted Price-to-FCF falls into.



Jones Tech 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, Jones Tech's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.388/114.7809*114.7809
=0.388

Current CPI (Dec. 2023) = 114.7809.

Jones Tech Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.380 99.000 0.441
201512 -0.234 100.600 -0.267
201612 -0.063 102.600 -0.070
201712 -0.705 104.500 -0.774
201812 0.506 106.500 0.545
201912 0.443 111.200 0.457
202012 0.161 111.500 0.166
202112 -0.245 113.108 -0.249
202212 0.786 115.116 0.784
202312 0.388 114.781 0.388

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


Jones Tech  (SZSE:300684) 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.

Jones Tech's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.22/0.14
=158.71

* 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 Jones Tech was 731.33. The lowest was 88.71. And the median was 228.25.


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.


Jones Tech Cyclically Adjusted FCF per Share Related Terms

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


Jones Tech Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.3 Dong Huan Zhong Lu, Beijing Economical & Technological Development Area, Beijing, CHN, 100070
Jones Tech PLC provides solutions to improve electronics equipment. The company's core products consist of thermal management materials, shielding material, power filters, and EMC/EMP services. Jones Tech also provides EMI testing and certification service. The company serves a diverse set of markets including telecommunications, medical electronics, information technology, industrial machinery manufacturing, rail transportation and renewable energy.
Executives
Ye Lu Directors, executives
Wu Xiao Ning Director
Zhu Guang Fu Executives
Yuan Jing Supervisors
Chen Yu Directors, Directors, and Executives
Chen Qu Directors, executives
Director
Zhang Wei Na Securities Affairs Representative

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