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Gemdale (SHSE:600383) Cyclically Adjusted FCF per Share : ¥1.32 (As of Mar. 2024)


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What is Gemdale 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.

Gemdale's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.213. 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 ¥1.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gemdale's average Cyclically Adjusted FCF Growth Rate was 15.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 22.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 39.70% 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 Gemdale was 59.30% per year. The lowest was 6.20% per year. And the median was 28.95% per year.

As of today (2024-05-16), Gemdale's current stock price is ¥4.15. Gemdale's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.32. Gemdale's Cyclically Adjusted Price-to-FCF of today is 3.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Gemdale was 475.50. The lowest was 2.43. And the median was 27.64.


Gemdale Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Gemdale'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.

Gemdale Cyclically Adjusted FCF per Share Chart

Gemdale 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 0.47 0.68 0.89 1.16 1.26

Gemdale 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 1.14 1.36 1.28 1.26 1.32

Competitive Comparison of Gemdale's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Gemdale'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.


Gemdale's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Gemdale's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Gemdale 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, Gemdale'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)
=-0.213/115.2271*115.2271
=-0.213

Current CPI (Mar. 2024) = 115.2271.

Gemdale Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.367 98.200 -0.431
201409 0.429 98.900 0.500
201412 0.235 99.000 0.274
201503 -0.658 99.900 -0.759
201506 -0.004 99.500 -0.005
201509 0.900 100.500 1.032
201512 1.337 100.600 1.531
201603 -0.112 102.200 -0.126
201606 1.700 101.400 1.932
201609 0.694 102.400 0.781
201612 1.382 102.600 1.552
201703 -0.977 103.200 -1.091
201706 0.248 103.100 0.277
201709 0.600 104.100 0.664
201712 -1.563 104.500 -1.723
201803 -0.693 105.300 -0.758
201806 -1.758 104.900 -1.931
201809 0.274 106.600 0.296
201812 1.569 106.500 1.698
201903 -1.089 107.700 -1.165
201906 -0.513 107.700 -0.549
201909 1.460 109.800 1.532
201912 1.660 111.200 1.720
202003 -1.957 112.300 -2.008
202006 1.130 110.400 1.179
202009 0.880 111.700 0.908
202012 1.279 111.500 1.322
202103 -1.222 112.662 -1.250
202106 -1.049 111.769 -1.081
202109 2.039 112.215 2.094
202112 2.221 113.108 2.263
202203 -0.049 114.335 -0.049
202206 1.312 114.558 1.320
202209 1.245 115.339 1.244
202212 1.715 115.116 1.717
202303 -1.025 115.116 -1.026
202306 1.038 114.558 1.044
202309 -0.136 115.339 -0.136
202312 0.656 114.781 0.659
202403 -0.213 115.227 -0.213

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


Gemdale  (SHSE:600383) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.15/1.32
=3.14

* 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 Gemdale was 475.50. The lowest was 2.43. And the median was 27.64.


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.


Gemdale Cyclically Adjusted FCF per Share Related Terms

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


Gemdale (SHSE:600383) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Fuqiang Road, Gemdale Business Building, Futian District, Shenzhen, Guangdong, CHN, 518048
Gemdale Corp is a China-based company engaged in real estate development. Its businesses include development and sales and decoration of residences, development and sales and operating of a commercial real estate, real-estate financing, property service and community operating, international education featuring tennis and sports business.

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