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VNET Group (VNET Group) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is VNET Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


VNET Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VNET Group's Cyclically Adjusted Price-to-FCF 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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VNET Group Cyclically Adjusted Price-to-FCF Chart

VNET Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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VNET Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of VNET Group's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, VNET Group'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.


VNET Group's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



VNET Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

VNET Group's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, VNET Group's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.472/115.3387*115.3387
=-0.472

Current CPI (Sep. 2023) = 115.3387.

VNET Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 97.624 0.000
201403 0.000 98.600 0.000
201406 0.000 98.200 0.000
201409 0.000 98.900 0.000
201412 0.000 99.000 0.000
201503 -0.468 99.900 -0.540
201506 -0.722 99.500 -0.837
201509 -0.243 100.500 -0.279
201512 -0.228 100.600 -0.261
201603 -0.289 102.200 -0.326
201606 -0.248 101.400 -0.282
201609 -0.216 102.400 -0.243
201612 -0.048 102.600 -0.054
201703 -0.080 103.200 -0.089
201706 -0.082 103.100 -0.092
201709 0.175 104.100 0.194
201712 0.106 104.500 0.117
201803 0.004 105.300 0.004
201806 0.023 104.900 0.025
201809 0.173 106.600 0.187
201812 0.127 106.500 0.138
201903 -0.136 107.700 -0.146
201906 -0.113 107.700 -0.121
201909 -0.321 109.800 -0.337
201912 -0.026 111.200 -0.027
202003 -0.482 112.300 -0.495
202006 -0.426 110.400 -0.445
202009 -0.640 111.700 -0.661
202012 -0.564 111.500 -0.583
202103 -0.438 112.662 -0.448
202106 -0.137 111.769 -0.141
202109 -0.543 112.215 -0.558
202112 -0.293 113.108 -0.299
202203 -0.538 114.335 -0.543
202206 0.407 114.558 0.410
202209 0.026 115.339 0.026
202212 -0.540 115.116 -0.541
202303 -0.129 115.116 -0.129
202306 0.017 114.558 0.017
202309 -0.472 115.339 -0.472

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


VNET Group  (NAS:VNET) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


VNET Group Cyclically Adjusted Price-to-FCF Related Terms

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VNET Group (VNET Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.

VNET Group (VNET Group) Headlines

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