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BOE Technology Group Co (SZSE:000725) Cyclically Adjusted FCF per Share : ¥-0.25 (As of Dec. 2023)


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What is BOE Technology Group 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.

BOE Technology Group Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was ¥0.131. 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 ¥-0.25 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% 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 BOE Technology Group Co was 26.90% per year. The lowest was -17.60% per year. And the median was 4.70% per year.

As of today (2024-04-27), BOE Technology Group Co's current stock price is ¥4.37. BOE Technology Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ¥-0.25. BOE Technology Group Co's Cyclically Adjusted Price-to-FCF of today is .


BOE Technology Group Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BOE Technology Group 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.

BOE Technology Group Co Cyclically Adjusted FCF per Share Chart

BOE Technology Group 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 -0.87 -0.64 -0.40 -0.36 -0.25

BOE Technology Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.36 -0.36 -0.31 -0.28 -0.25

Competitive Comparison of BOE Technology Group Co's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, BOE Technology Group 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.


BOE Technology Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BOE Technology Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where BOE Technology Group Co's Cyclically Adjusted Price-to-FCF falls into.



BOE Technology Group 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, BOE Technology Group Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.131/114.6694*114.6694
=0.131

Current CPI (Dec. 2023) = 114.6694.

BOE Technology Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.173 98.600 -0.201
201406 -0.130 98.200 -0.152
201409 -0.109 98.900 -0.126
201412 -0.082 99.000 -0.095
201503 -0.092 99.900 -0.106
201506 -0.050 99.500 -0.058
201509 -0.021 100.500 -0.024
201512 -0.060 100.600 -0.068
201603 -0.017 102.200 -0.019
201606 -0.114 101.400 -0.129
201609 -0.132 102.400 -0.148
201612 -0.345 102.600 -0.386
201703 -0.224 103.200 -0.249
201706 -0.186 103.100 -0.207
201709 -0.084 104.100 -0.093
201712 -0.115 104.500 -0.126
201803 -0.113 105.300 -0.123
201806 -0.195 104.900 -0.213
201809 -0.253 106.600 -0.272
201812 -0.289 106.500 -0.311
201903 -0.199 107.700 -0.212
201906 -0.188 107.700 -0.200
201909 -0.214 109.800 -0.223
201912 -0.041 111.200 -0.042
202003 -0.123 112.300 -0.126
202006 -0.097 110.400 -0.101
202009 0.040 111.700 0.041
202012 0.091 111.500 0.094
202103 0.048 112.662 0.049
202106 0.238 111.769 0.244
202109 0.160 112.215 0.163
202112 0.273 113.108 0.277
202203 0.195 114.335 0.196
202206 0.124 114.558 0.124
202209 -0.066 115.339 -0.066
202212 0.115 115.116 0.115
202303 0.072 115.116 0.072
202306 0.018 114.558 0.018
202309 0.026 115.339 0.026
202312 0.131 114.669 0.131

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


BOE Technology Group Co  (SZSE:000725) 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.


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.


BOE Technology Group Co Cyclically Adjusted FCF per Share Related Terms

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


BOE Technology Group Co (SZSE:000725) Business Description

Traded in Other Exchanges
Address
No. 10 Jiuxianqiao Road, Chaoyang District, Beijing, CHN, 100015
BOE Technology Group Co Ltd is an investment holding company. The reportable segments of the company are Display device business; Internet of things innovation business; Sensing business; MLED business; Smart medical and industrial business and others. It generates maximum revenue from Display device business segment. The Display business segment integrates design and manufacturing of display devices and strives to offer TFT-LCD, AMOLED, Microdisplay, and other intelligent interface devices, which develops a platform that integrates panels, modules, whole widget, and services.

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