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Chinhung International (XKRX:002780) Cyclically Adjusted FCF per Share : ₩104.91 (As of Mar. 2024)


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What is Chinhung International 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.

Chinhung International's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩-481.895. 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 ₩104.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chinhung International's average Cyclically Adjusted FCF Growth Rate was -2.70% 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 Chinhung International was 68.30% per year. The lowest was 51.30% per year. And the median was 59.80% per year.

As of today (2024-05-28), Chinhung International's current stock price is ₩933.00. Chinhung International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩104.91. Chinhung International's Cyclically Adjusted Price-to-FCF of today is 8.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chinhung International was 19.83. The lowest was 4.15. And the median was 10.46.


Chinhung International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Chinhung International'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.

Chinhung International Cyclically Adjusted FCF per Share Chart

Chinhung International 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 -1,054.12 -221.13 158.44 118.15 189.19

Chinhung International 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 107.84 160.05 118.63 189.19 104.91

Competitive Comparison of Chinhung International's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Chinhung International'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.


Chinhung International's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chinhung International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Chinhung International 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, Chinhung International'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)
=-481.895/118.8477*118.8477
=-481.895

Current CPI (Mar. 2024) = 118.8477.

Chinhung International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 73.524 99.353 87.951
201409 109.772 99.608 130.975
201412 -328.157 99.098 -393.557
201503 -25.382 99.720 -30.251
201506 479.237 100.050 569.278
201509 51.259 100.110 60.853
201512 167.420 100.220 198.538
201603 123.233 100.560 145.644
201606 -17.587 100.790 -20.738
201609 -271.945 101.460 -318.550
201612 -135.994 101.560 -159.143
201703 -62.796 102.850 -72.564
201706 53.623 102.610 62.109
201709 114.948 103.490 132.006
201712 -327.194 102.990 -377.573
201803 180.008 104.100 205.509
201806 125.098 104.130 142.779
201809 33.579 105.650 37.774
201812 -169.539 104.350 -193.094
201903 -16.164 104.490 -18.385
201906 -313.547 104.880 -355.305
201909 -32.040 105.200 -36.197
201912 59.073 105.120 66.787
202003 21.017 105.540 23.667
202006 22.405 104.870 25.391
202009 164.063 106.200 183.602
202012 72.679 105.765 81.669
202103 64.462 107.357 71.361
202106 171.837 107.579 189.837
202109 -40.000 108.759 -43.710
202112 151.608 109.676 164.286
202203 49.331 111.806 52.438
202206 -109.404 114.083 -113.973
202209 -0.502 114.831 -0.520
202212 285.345 115.200 294.380
202303 -234.551 116.550 -239.176
202306 520.251 117.140 527.836
202309 -145.108 119.111 -144.787
202312 593.837 118.848 593.837
202403 -481.895 118.848 -481.895

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


Chinhung International  (XKRX:002780) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=933.00/104.91
=8.89

* 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 Chinhung International was 19.83. The lowest was 4.15. And the median was 10.46.


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.


Chinhung International Cyclically Adjusted FCF per Share Related Terms

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


Chinhung International (XKRX:002780) Business Description

Traded in Other Exchanges
Address
#807, 69, Convensia-daero, Yeonsu-gu, Incheon, KOR
Chinhung International Inc is engaged in the civil engineering and construction business. The company was a subsidiary of Hyosung Group in 2008.

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