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Korea Furniture Co (XKRX:004590) Cyclically Adjusted FCF per Share : ₩325.41 (As of Mar. 2024)


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What is Korea Furniture 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.

Korea Furniture Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩390.491. 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 ₩325.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Korea Furniture Co's average Cyclically Adjusted FCF Growth Rate was -2.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.30% 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 Korea Furniture Co was 40.20% per year. The lowest was 15.20% per year. And the median was 27.70% per year.

As of today (2024-06-23), Korea Furniture Co's current stock price is ₩4050.00. Korea Furniture Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩325.41. Korea Furniture Co's Cyclically Adjusted Price-to-FCF of today is 12.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Korea Furniture Co was 66.02. The lowest was 11.94. And the median was 31.88.


Korea Furniture Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Korea Furniture 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.

Korea Furniture Co Cyclically Adjusted FCF per Share Chart

Korea Furniture Co 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 112.02 208.71 264.48 308.99 318.75

Korea Furniture 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 332.50 343.41 318.05 318.75 325.41

Competitive Comparison of Korea Furniture Co's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, Korea Furniture 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.


Korea Furniture Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Korea Furniture Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Korea Furniture 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, Korea Furniture 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)
=390.491/118.8477*118.8477
=390.491

Current CPI (Mar. 2024) = 118.8477.

Korea Furniture Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 10.647 99.353 12.736
201409 16.809 99.608 20.056
201412 46.285 99.098 55.509
201503 188.997 99.720 225.249
201506 69.532 100.050 82.596
201509 -30.152 100.110 -35.796
201512 97.190 100.220 115.255
201603 182.353 100.560 215.515
201606 -74.675 100.790 -88.054
201609 -75.597 101.460 -88.552
201612 173.606 101.560 203.157
201703 232.659 102.850 268.848
201706 -37.432 102.610 -43.355
201709 29.478 103.490 33.852
201712 6.287 102.990 7.255
201803 102.018 104.100 116.471
201806 31.520 104.130 35.975
201809 -49.516 105.650 -55.701
201812 56.424 104.350 64.263
201903 34.924 104.490 39.723
201906 -53.897 104.880 -61.075
201909 -94.447 105.200 -106.700
201912 107.977 105.120 122.078
202003 227.549 105.540 256.241
202006 -44.119 104.870 -49.999
202009 269.875 106.200 302.015
202012 287.748 105.765 323.340
202103 251.117 107.357 277.994
202106 -11.189 107.579 -12.361
202109 -222.331 108.759 -242.954
202112 366.176 109.676 396.796
202203 179.008 111.806 190.283
202206 -119.339 114.083 -124.323
202209 -164.114 114.831 -169.854
202212 480.099 115.200 495.300
202303 297.245 116.550 303.106
202306 34.911 117.140 35.420
202309 -311.861 119.111 -311.171
202312 54.504 118.848 54.504
202403 390.491 118.848 390.491

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


Korea Furniture Co  (XKRX:004590) 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.

Korea Furniture Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4050.00/325.41
=12.45

* 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 Korea Furniture Co was 66.02. The lowest was 11.94. And the median was 31.88.


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.


Korea Furniture Co Cyclically Adjusted FCF per Share Related Terms

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


Korea Furniture Co (XKRX:004590) Business Description

Traded in Other Exchanges
N/A
Address
957, Gonghang-Dong, Gangseo-Gu, Seoul, KOR, 157-240
Korea Furniture Co Ltd operates in the home furnishing and fixtures industry in South Korea. The company is engaged in the manufacturing of furnitures for bedroom, living room, and dining room. The brands under which products are sold are Kartell, rochebobois, and acquaviva.

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