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Joong Ang Enervis Co (XKRX:000440) Cyclically Adjusted FCF per Share : ₩355.66 (As of Mar. 2024)


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What is Joong Ang Enervis 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.

Joong Ang Enervis Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩26.751. 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 ₩355.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Joong Ang Enervis Co's average Cyclically Adjusted FCF Growth Rate was 32.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.90% 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 Joong Ang Enervis Co was 51.30% per year. The lowest was -5.60% per year. And the median was 12.20% per year.

As of today (2024-06-23), Joong Ang Enervis Co's current stock price is ₩20500.00. Joong Ang Enervis Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩355.66. Joong Ang Enervis Co's Cyclically Adjusted Price-to-FCF of today is 57.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Joong Ang Enervis Co was 185.07. The lowest was 22.26. And the median was 69.67.


Joong Ang Enervis Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Joong Ang Enervis 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.

Joong Ang Enervis Co Cyclically Adjusted FCF per Share Chart

Joong Ang Enervis Co Annual Data
Trend Sep14 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 77.35 363.81 217.21 268.13 306.19

Joong Ang Enervis Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 268.11 262.65 261.07 306.19 355.66

Competitive Comparison of Joong Ang Enervis Co's Cyclically Adjusted FCF per Share

For the Oil & Gas Refining & Marketing subindustry, Joong Ang Enervis 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.


Joong Ang Enervis Co's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Joong Ang Enervis Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Joong Ang Enervis Co's Cyclically Adjusted Price-to-FCF falls into.



Joong Ang Enervis 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, Joong Ang Enervis Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=26.751/118.8477*118.8477
=26.751

Current CPI (Mar. 2024) = 118.8477.

Joong Ang Enervis Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 82.255 99.253 98.494
201406 238.042 99.353 284.750
201409 163.275 99.608 194.812
201503 -159.621 99.720 -190.239
201506 -14.096 100.050 -16.744
201509 677.325 100.110 804.101
201512 -818.511 100.220 -970.646
201603 -2.391 100.560 -2.826
201606 331.776 100.790 391.218
201609 296.139 101.460 346.890
201612 -63.940 101.560 -74.824
201703 59.985 102.850 69.315
201706 285.056 102.610 330.165
201709 -287.353 103.490 -329.996
201712 69.018 102.990 79.645
201803 -58.429 104.100 -66.707
201806 8.353 104.130 9.534
201809 -8.058 105.650 -9.065
201812 2,299.494 104.350 2,618.971
201903 -258.545 104.490 -294.071
201906 143.861 104.880 163.020
201909 -16.999 105.200 -19.204
201912 83.870 105.120 94.823
202003 457.505 105.540 515.193
202006 -156.858 104.870 -177.765
202009 195.563 106.200 218.853
202012 18.921 105.765 21.261
202103 -617.768 107.357 -683.888
202106 -695.011 107.579 -767.815
202109 58.226 108.759 63.627
202112 69.091 109.676 74.868
202203 -80.957 111.806 -86.056
202206 200.390 114.083 208.760
202209 145.788 114.831 150.887
202212 44.311 115.200 45.714
202303 18.961 116.550 19.335
202306 123.499 117.140 125.300
202309 88.722 119.111 88.526
202312 201.679 118.848 201.679
202403 26.751 118.848 26.751

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


Joong Ang Enervis Co  (XKRX:000440) 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.

Joong Ang Enervis Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20500.00/355.66
=57.64

* 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 Joong Ang Enervis Co was 185.07. The lowest was 22.26. And the median was 69.67.


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.


Joong Ang Enervis Co Cyclically Adjusted FCF per Share Related Terms

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


Joong Ang Enervis Co (XKRX:000440) Business Description

Industry
Traded in Other Exchanges
N/A
Address
707-55 Hannahm-dong, Yongsan-gu, SEOUL, KOR, 140-210
Joong Ang Enervis Co., Ltd engages in import, export & marketing of petroleum products & LPG in Korea & internationally. It also provides automobile-related services; distributes petroleum-related machinery; & develops & leases real estate.

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