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Manho Rope & Wire (XKRX:001080) Cyclically Adjusted FCF per Share : ₩424.84 (As of Mar. 2024)


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What is Manho Rope & Wire 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.

Manho Rope & Wire's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩-7,063.425. 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 ₩424.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Manho Rope & Wire's average Cyclically Adjusted FCF Growth Rate was -71.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.50% 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 Manho Rope & Wire was 13.50% per year. The lowest was -15.00% per year. And the median was 5.50% per year.

As of today (2024-06-23), Manho Rope & Wire's current stock price is ₩47150.00. Manho Rope & Wire's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩424.84. Manho Rope & Wire's Cyclically Adjusted Price-to-FCF of today is 110.98.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Manho Rope & Wire was 110.98. The lowest was 9.60. And the median was 14.00.


Manho Rope & Wire Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Manho Rope & Wire'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.

Manho Rope & Wire Cyclically Adjusted FCF per Share Chart

Manho Rope & Wire Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,009.67 1,039.27 1,988.53 1,477.45 1,187.45

Manho Rope & Wire 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 1,469.44 1,187.45 1,386.70 1,176.11 424.84

Competitive Comparison of Manho Rope & Wire's Cyclically Adjusted FCF per Share

For the Steel subindustry, Manho Rope & Wire'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.


Manho Rope & Wire's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Manho Rope & Wire's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Manho Rope & Wire's Cyclically Adjusted Price-to-FCF falls into.



Manho Rope & Wire 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, Manho Rope & Wire'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)
=-7063.425/118.8477*118.8477
=-7,063.425

Current CPI (Mar. 2024) = 118.8477.

Manho Rope & Wire Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 537.569 99.353 643.049
201409 1,385.834 99.608 1,653.514
201412 4,018.196 99.098 4,819.001
201503 2,425.737 99.720 2,891.028
201506 372.354 100.050 442.313
201509 1,512.605 100.110 1,795.721
201512 2,102.406 100.220 2,493.176
201603 1,813.632 100.560 2,143.457
201606 586.606 100.790 691.703
201609 -163.513 101.460 -191.535
201612 1,022.757 101.560 1,196.852
201703 888.745 102.850 1,026.984
201706 -495.516 102.610 -573.930
201709 1,405.803 103.490 1,614.421
201712 555.288 102.990 640.787
201803 -1,548.901 104.100 -1,768.332
201806 -333.650 104.130 -380.808
201809 -2.335 105.650 -2.627
201812 1,439.169 104.350 1,639.118
201903 -602.364 104.490 -685.133
201906 203.735 104.880 230.868
201909 1,770.920 105.200 2,000.663
201912 -115.644 105.120 -130.746
202003 786.923 105.540 886.147
202006 -147.896 104.870 -167.608
202009 27.619 106.200 30.908
202012 1,866.870 105.765 2,097.786
202103 614.406 107.357 680.166
202106 866.198 107.579 956.934
202109 -3,889.402 108.759 -4,250.183
202112 -2,960.096 109.676 -3,207.624
202203 -1,388.656 111.806 -1,476.118
202206 -2,982.182 114.083 -3,106.739
202209 -2,388.746 114.831 -2,472.296
202212 3,563.389 115.200 3,676.214
202303 -1,913.102 116.550 -1,950.824
202306 -1,642.540 117.140 -1,666.487
202309 -1,021.854 119.111 -1,019.593
202312 111.635 118.848 111.635
202403 -7,063.425 118.848 -7,063.425

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


Manho Rope & Wire  (XKRX:001080) 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.

Manho Rope & Wire's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=47150.00/424.84
=110.98

* 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 Manho Rope & Wire was 110.98. The lowest was 9.60. And the median was 14.00.


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.


Manho Rope & Wire Cyclically Adjusted FCF per Share Related Terms

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


Manho Rope & Wire (XKRX:001080) Business Description

Industry
Traded in Other Exchanges
N/A
Address
85-2, 4 Street Joongang-Dong, Joong-ku, Busan, KOR, 618-270
Manho Rope & Wire Ltd is a Korea-based company engaged in the manufacturing of ropes. Its products include fiber ropes, wire ropes, stainless wires, stainless cables, hard drawn steel wires, piano wires, pre-stressed concrete (PC) wires, PC strands, elevator ropes, galvanized steel wires for aluminum stranded conductors steel reinforced (ACSR) and others, which are used in shipbuilding, mining, elevator, spring manufacturing, bridge construction and other industries.

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