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KCTC (XKRX:009070) Cyclically Adjusted FCF per Share : ₩70.06 (As of Mar. 2024)


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What is KCTC 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.

KCTC's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩39.625. 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 ₩70.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KCTC's average Cyclically Adjusted FCF Growth Rate was 169.80% 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 KCTC was 28.60% per year. The lowest was 16.40% per year. And the median was 24.20% per year.

As of today (2024-06-14), KCTC's current stock price is ₩4745.00. KCTC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩70.06. KCTC's Cyclically Adjusted Price-to-FCF of today is 67.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KCTC was 905.73. The lowest was 53.38. And the median was 102.22.


KCTC Cyclically Adjusted FCF per Share Historical Data

The historical data trend for KCTC'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.

KCTC Cyclically Adjusted FCF per Share Chart

KCTC 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 -94.29 -69.81 -107.53 5.41 62.27

KCTC 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 25.97 37.20 54.47 62.27 70.06

Competitive Comparison of KCTC's Cyclically Adjusted FCF per Share

For the Integrated Freight & Logistics subindustry, KCTC'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.


KCTC's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



KCTC 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, KCTC'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)
=39.625/118.8477*118.8477
=39.625

Current CPI (Mar. 2024) = 118.8477.

KCTC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -473.814 99.353 -566.784
201409 -71.877 99.608 -85.760
201412 4.402 99.098 5.279
201503 -272.282 99.720 -324.510
201506 -168.634 100.050 -200.317
201509 -116.866 100.110 -138.740
201512 -263.752 100.220 -312.775
201603 -97.582 100.560 -115.328
201606 169.406 100.790 199.757
201609 295.212 101.460 345.804
201612 -53.600 101.560 -62.724
201703 -30.771 102.850 -35.557
201706 115.951 102.610 134.300
201709 -59.116 103.490 -67.889
201712 -12.795 102.990 -14.765
201803 59.470 104.100 67.895
201806 212.824 104.130 242.904
201809 94.579 105.650 106.394
201812 -662.907 104.350 -755.007
201903 259.139 104.490 294.747
201906 304.890 104.880 345.495
201909 -167.344 105.200 -189.054
201912 200.026 105.120 226.148
202003 10.477 105.540 11.798
202006 496.924 104.870 563.157
202009 171.964 106.200 192.444
202012 -286.907 105.765 -322.395
202103 190.612 107.357 211.013
202106 67.370 107.579 74.427
202109 -162.550 108.759 -177.628
202112 -135.963 109.676 -147.332
202203 -534.077 111.806 -567.715
202206 162.650 114.083 169.443
202209 239.650 114.831 248.032
202212 724.172 115.200 747.101
202303 133.513 116.550 136.146
202306 122.356 117.140 124.140
202309 176.495 119.111 176.105
202312 122.764 118.848 122.764
202403 39.625 118.848 39.625

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


KCTC  (XKRX:009070) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4745.00/70.06
=67.73

* 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 KCTC was 905.73. The lowest was 53.38. And the median was 102.22.


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.


KCTC Cyclically Adjusted FCF per Share Related Terms

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


KCTC (XKRX:009070) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16th FL Hanjin BLDG 118, 2-Ka Namdaemun_Ro, Chung-Ku, Seoul, KOR, 100-770
KCTC Ltd operates in the integrated shipping and logistics industry in South Korea. The business of the company includes container business which include container transportation and unloading, bulk business which include bulk unloading and bulk transportation, TPL business and terminal and warehouse operation business.

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