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CITIC Envirotech (TPE:911610) Cyclically Adjusted FCF per Share : NT$0.00 (As of Sep. 2019)


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What is CITIC Envirotech Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

CITIC Envirotech's adjusted free cash flow per share for the three months ended in Sep. 2019 was NT$-2.882. 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 NT$0.00 for the trailing ten years ended in Sep. 2019.

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 (2024-09-23), CITIC Envirotech's current stock price is NT$33.30. CITIC Envirotech's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2019 was NT$0.00. CITIC Envirotech's Cyclically Adjusted Price-to-FCF of today is .


CITIC Envirotech Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CITIC Envirotech'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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CITIC Envirotech Cyclically Adjusted FCF per Share Chart

CITIC Envirotech Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Dec16 Dec17 Dec18
Cyclically Adjusted FCF per Share
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CITIC Envirotech Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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Competitive Comparison of CITIC Envirotech's Cyclically Adjusted FCF per Share

For the Pollution & Treatment Controls subindustry, CITIC Envirotech'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.


CITIC Envirotech's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



CITIC Envirotech 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, CITIC Envirotech's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2019 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=-2.882/108.3294*108.3294
=-2.882

Current CPI (Sep. 2019) = 108.3294.

CITIC Envirotech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200912 -0.528 91.111 -0.628
201003 1.361 91.821 1.606
201006 0.142 91.962 0.167
201009 -0.141 92.162 -0.166
201012 0.103 92.474 0.121
201103 0.416 94.283 0.478
201106 -0.189 95.235 -0.215
201109 0.423 95.727 0.479
201112 0.279 95.213 0.317
201203 -1.799 96.783 -2.014
201206 0.379 96.819 0.424
201209 -0.456 97.633 -0.506
201212 0.267 96.871 0.299
201303 -0.726 98.209 -0.801
201306 -0.305 98.518 -0.335
201309 0.646 98.790 0.708
201312 -0.533 98.326 -0.587
201403 0.340 99.695 0.369
201406 0.526 100.560 0.567
201409 -0.269 100.428 -0.290
201412 -0.360 99.070 -0.394
201503 -0.743 99.621 -0.808
201506 0.518 100.684 0.557
201509 -0.818 100.392 -0.883
201512 -1.665 99.792 -1.807
201603 -0.079 100.470 -0.085
201606 -0.827 101.688 -0.881
201609 0.164 101.861 0.174
201612 0.653 101.863 0.694
201703 -1.479 102.862 -1.558
201706 -1.072 103.349 -1.124
201709 -2.252 104.136 -2.343
201712 0.045 104.011 0.047
201803 -2.246 105.290 -2.311
201806 -1.003 106.317 -1.022
201809 -1.920 106.507 -1.953
201812 -3.334 105.998 -3.407
201903 -1.976 107.251 -1.996
201906 -2.758 108.070 -2.765
201909 -2.882 108.329 -2.882

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


CITIC Envirotech  (TPE:911610) 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.


CITIC Envirotech Cyclically Adjusted FCF per Share Related Terms

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


CITIC Envirotech Business Description

Traded in Other Exchanges
N/A
Address
10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684
CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

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