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Daqin Railway Co (SHSE:601006) Cyclically Adjusted FCF per Share : ¥0.68 (As of Mar. 2024)


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What is Daqin Railway 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.

Daqin Railway Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.033. 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 ¥0.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Daqin Railway Co's average Cyclically Adjusted FCF Growth Rate was -5.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.00% 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 Daqin Railway Co was 16.60% per year. The lowest was -2.20% per year. And the median was 9.80% per year.

As of today (2024-06-10), Daqin Railway Co's current stock price is ¥7.23. Daqin Railway Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.68. Daqin Railway Co's Cyclically Adjusted Price-to-FCF of today is 10.63.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Daqin Railway Co was 34.93. The lowest was 8.00. And the median was 12.62.


Daqin Railway Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Daqin Railway 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.

Daqin Railway Co Cyclically Adjusted FCF per Share Chart

Daqin Railway 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 0.76 0.72 0.72 0.71 0.68

Daqin Railway 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 0.72 0.69 0.70 0.68 0.68

Competitive Comparison of Daqin Railway Co's Cyclically Adjusted FCF per Share

For the Railroads subindustry, Daqin Railway 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.


Daqin Railway Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Daqin Railway 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, Daqin Railway 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)
=0.033/115.2271*115.2271
=0.033

Current CPI (Mar. 2024) = 115.2271.

Daqin Railway Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.227 98.200 0.266
201409 0.478 98.900 0.557
201412 -0.104 99.000 -0.121
201503 0.054 99.900 0.062
201506 0.315 99.500 0.365
201509 0.223 100.500 0.256
201512 -0.037 100.600 -0.042
201603 -0.082 102.200 -0.092
201606 0.014 101.400 0.016
201609 0.133 102.400 0.150
201612 0.145 102.600 0.163
201703 0.116 103.200 0.130
201706 0.285 103.100 0.319
201709 0.399 104.100 0.442
201712 0.187 104.500 0.206
201803 0.139 105.300 0.152
201806 0.081 104.900 0.089
201809 0.475 106.600 0.513
201812 0.052 106.500 0.056
201903 0.124 107.700 0.133
201906 0.109 107.700 0.117
201909 0.295 109.800 0.310
201912 0.128 111.200 0.133
202003 -0.054 112.300 -0.055
202006 0.164 110.400 0.171
202009 0.426 111.700 0.439
202012 0.155 111.500 0.160
202103 0.218 112.662 0.223
202106 0.258 111.769 0.266
202109 0.255 112.215 0.262
202112 0.129 113.108 0.131
202203 0.027 114.335 0.027
202206 0.208 114.558 0.209
202209 0.461 115.339 0.461
202212 -0.215 115.116 -0.215
202303 0.181 115.116 0.181
202306 0.057 114.558 0.057
202309 0.343 115.339 0.343
202312 -0.035 114.781 -0.035
202403 0.033 115.227 0.033

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


Daqin Railway Co  (SHSE:601006) 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.

Daqin Railway Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.23/0.68
=10.63

* 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 Daqin Railway Co was 34.93. The lowest was 8.00. And the median was 12.62.


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.


Daqin Railway Co Cyclically Adjusted FCF per Share Related Terms

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


Daqin Railway Co (SHSE:601006) Business Description

Traded in Other Exchanges
N/A
Address
No. 14 Zhanbei Street, Shanxi, Datong, CHN, 037005
Daqin Railway is a state-owned rail-transport operator in China. The company's core asset, Daqin Line, and its 41%-owned Shuohuang Line, are China's busiest east-west coal railways. Their combined volume accounts for about one quarter of China's railway coal volume. Coal rail-transport contributes the bulk of Daqin's operating profit. Daqin also hauls other bulk and non-bulk freight and provides passenger rail service.
Executives
Yang Hong Ming Director

Daqin Railway Co (SHSE:601006) Headlines

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