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Nanjing Chixia Development Co (SHSE:600533) Cyclically Adjusted FCF per Share : ¥-0.08 (As of Mar. 2024)


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What is Nanjing Chixia Development 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.

Nanjing Chixia Development Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.281. 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 ¥-0.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nanjing Chixia Development Co's average Cyclically Adjusted FCF Growth Rate was -133.30% 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 Nanjing Chixia Development Co was 32.50% per year. The lowest was -12.60% per year. And the median was 22.05% per year.

As of today (2024-05-15), Nanjing Chixia Development Co's current stock price is ¥2.39. Nanjing Chixia Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.08. Nanjing Chixia Development Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nanjing Chixia Development Co was 547.00. The lowest was 8.27. And the median was 30.06.


Nanjing Chixia Development Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nanjing Chixia Development 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.

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Nanjing Chixia Development Co Cyclically Adjusted FCF per Share Chart

Nanjing Chixia Development 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 -0.04 -0.09 0.22 0.10 -0.09

Nanjing Chixia Development 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 0.24 -0.02 -0.07 -0.09 -0.08

Competitive Comparison of Nanjing Chixia Development Co's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Nanjing Chixia Development 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.


Nanjing Chixia Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Nanjing Chixia Development Co's Cyclically Adjusted Price-to-FCF falls into.



Nanjing Chixia Development 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, Nanjing Chixia Development 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)
=-0.281/114.6694*114.6694
=-0.281

Current CPI (Mar. 2024) = 114.6694.

Nanjing Chixia Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.614 98.200 0.717
201409 0.386 98.900 0.448
201412 0.247 99.000 0.286
201503 -0.384 99.900 -0.441
201506 0.647 99.500 0.746
201509 0.893 100.500 1.019
201512 0.298 100.600 0.340
201603 -0.118 102.200 -0.132
201606 -1.760 101.400 -1.990
201609 0.218 102.400 0.244
201612 -0.567 102.600 -0.634
201703 -0.156 103.200 -0.173
201706 0.226 103.100 0.251
201709 0.045 104.100 0.050
201712 -1.425 104.500 -1.564
201803 -0.424 105.300 -0.462
201806 0.508 104.900 0.555
201809 0.855 106.600 0.920
201812 0.880 106.500 0.948
201903 0.236 107.700 0.251
201906 0.728 107.700 0.775
201909 -2.066 109.800 -2.158
201912 -1.127 111.200 -1.162
202003 -0.222 112.300 -0.227
202006 -0.728 110.400 -0.756
202009 1.215 111.700 1.247
202012 -0.503 111.500 -0.517
202103 0.995 112.662 1.013
202106 0.983 111.769 1.009
202109 0.736 112.215 0.752
202112 -0.043 113.108 -0.044
202203 -0.650 114.335 -0.652
202206 0.634 114.558 0.635
202209 -2.067 115.339 -2.055
202212 1.226 115.116 1.221
202303 0.840 115.116 0.837
202306 -1.700 114.558 -1.702
202309 -0.404 115.339 -0.402
202312 0.281 114.669 0.281
202403 -0.281 114.669 -0.281

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


Nanjing Chixia Development Co  (SHSE:600533) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nanjing Chixia Development Co was 547.00. The lowest was 8.27. And the median was 30.06.


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.


Nanjing Chixia Development Co Cyclically Adjusted FCF per Share Related Terms

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Nanjing Chixia Development Co (SHSE:600533) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Longpan Road, Xinglong Building, 21F, Nanjing, Jiangsu, CHN, 210037
Nanjing Chixia Development Co Ltd is a real estate development company. It has four segments including construction, engineering construction management, and foreign investment. The group has developed various types of construction such as residential buildings, office buildings, and large-scale public buildings. The planning, design, construction quality, garden landscape, decoration, and decoration have all reached the first-class level.

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