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ZTE (WBO:FZM) Cyclically Adjusted FCF per Share : €0.06 (As of Mar. 2025)


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What is ZTE 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.

ZTE's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.018. 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 €0.06 for the trailing ten years ended in Mar. 2025.

During the past 12 months, ZTE's average Cyclically Adjusted FCF Growth Rate was 30.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 68.30% 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 ZTE was 68.30% per year. The lowest was -184.40% per year. And the median was -32.20% per year.

As of today (2025-05-23), ZTE's current stock price is €2.495. ZTE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.06. ZTE's Cyclically Adjusted Price-to-FCF of today is 41.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ZTE was 912.25. The lowest was 39.90. And the median was 78.83.


ZTE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ZTE'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.

ZTE Cyclically Adjusted FCF per Share Chart

ZTE 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 -0.02 0.01 0.02 0.04 0.05

ZTE 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 0.04 0.04 0.05 0.05 0.06

Competitive Comparison of ZTE's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, ZTE'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.


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

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

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


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ZTE 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, ZTE'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)
=0.018/115.1156*115.1156
=0.018

Current CPI (Mar. 2025) = 115.1156.

ZTE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.130 99.500 0.150
201509 -0.062 100.500 -0.071
201512 0.231 100.600 0.264
201603 0.112 102.200 0.126
201606 -0.082 101.400 -0.093
201609 -0.064 102.400 -0.072
201612 0.084 102.600 0.094
201703 -0.049 103.200 -0.055
201706 -0.146 103.100 -0.163
201709 -0.036 104.100 -0.040
201712 0.264 104.500 0.291
201803 -0.036 105.300 -0.039
201806 -0.187 104.900 -0.205
201809 -0.195 106.600 -0.211
201812 -0.022 106.500 -0.024
201903 0.003 107.700 0.003
201906 -0.092 107.700 -0.098
201909 0.025 109.800 0.026
201912 0.093 111.200 0.096
202003 -0.025 112.300 -0.026
202006 0.004 110.400 0.004
202009 0.001 111.700 0.001
202012 0.117 111.500 0.121
202103 0.021 112.662 0.021
202106 0.091 111.769 0.094
202109 0.077 112.215 0.079
202112 0.099 113.108 0.101
202203 0.008 114.335 0.008
202206 0.027 114.558 0.027
202209 -0.033 115.339 -0.033
202212 0.073 115.116 0.073
202303 0.035 115.116 0.035
202306 0.087 114.558 0.087
202309 0.051 115.339 0.051
202312 0.190 114.781 0.191
202403 0.053 115.227 0.053
202406 0.084 114.781 0.084
202409 0.007 115.785 0.007
202412 0.057 114.893 0.057
202503 0.018 115.116 0.018

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


ZTE  (WBO:FZM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.495/0.06
=41.58

* 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 ZTE was 912.25. The lowest was 39.90. And the median was 78.83.


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.


ZTE Cyclically Adjusted FCF per Share Related Terms

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


ZTE Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (WBO:FZM) » Definitions » Cyclically Adjusted FCF per Share
Address
ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
ZTE Corp is a provider of integrated telecommunications and IT solutions with a full range of end-to-end ICT products and solutions integrating design, development, production, sales, and services with a special focus on carriers' networks, government and corporate business, and consumer business. It operates in three segments Carriers' network, Consumer Business, and Government and Corporate Business. It generates a majority of its revenue from equipment supporting carriers' networks. It has a presence in the PRC, Asia, Africa, Europe, and the Americas. It generates the majority of its revenue from the PRC region.

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