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Western Mining Co (SHSE:601168) Cyclically Adjusted FCF per Share : ¥0.73 (As of Mar. 2024)


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What is Western Mining 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.

Western Mining Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.016. 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 ¥0.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Western Mining Co's average Cyclically Adjusted FCF Growth Rate was 58.70% 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 Western Mining Co was 2.90% per year. The lowest was -20.80% per year. And the median was -9.60% per year.

As of today (2024-06-06), Western Mining Co's current stock price is ¥18.47. Western Mining Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.73. Western Mining Co's Cyclically Adjusted Price-to-FCF of today is 25.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Western Mining Co was 279.83. The lowest was 20.00. And the median was 28.25.


Western Mining Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Western Mining 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.

Western Mining Co Cyclically Adjusted FCF per Share Chart

Western Mining 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 -0.19 -0.26 0.06 0.43 0.59

Western Mining 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 0.46 0.50 0.61 0.59 0.73

Competitive Comparison of Western Mining Co's Cyclically Adjusted FCF per Share

For the Other Industrial Metals & Mining subindustry, Western Mining 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.


Western Mining Co's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Mining Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Western Mining 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, Western Mining 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)
=-0.016/115.2271*115.2271
=-0.016

Current CPI (Mar. 2024) = 115.2271.

Western Mining Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.013 98.200 0.015
201409 -0.054 98.900 -0.063
201412 1.104 99.000 1.285
201503 0.030 99.900 0.035
201506 -0.054 99.500 -0.063
201509 -0.071 100.500 -0.081
201512 0.448 100.600 0.513
201603 -0.767 102.200 -0.865
201606 0.350 101.400 0.398
201609 -0.062 102.400 -0.070
201612 0.711 102.600 0.799
201703 -0.540 103.200 -0.603
201706 0.186 103.100 0.208
201709 0.084 104.100 0.093
201712 0.175 104.500 0.193
201803 -0.520 105.300 -0.569
201806 -0.179 104.900 -0.197
201809 -0.472 106.600 -0.510
201812 -0.131 106.500 -0.142
201903 0.503 107.700 0.538
201906 0.300 107.700 0.321
201909 -0.691 109.800 -0.725
201912 0.371 111.200 0.384
202003 0.113 112.300 0.116
202006 0.072 110.400 0.075
202009 0.320 111.700 0.330
202012 -1.061 111.500 -1.096
202103 0.619 112.662 0.633
202106 0.815 111.769 0.840
202109 0.553 112.215 0.568
202112 0.062 113.108 0.063
202203 0.855 114.335 0.862
202206 1.259 114.558 1.266
202209 0.284 115.339 0.284
202212 1.099 115.116 1.100
202303 -0.236 115.116 -0.236
202306 0.840 114.558 0.845
202309 0.878 115.339 0.877
202312 -0.100 114.781 -0.100
202403 -0.016 115.227 -0.016

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


Western Mining Co  (SHSE:601168) 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.

Western Mining Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.47/0.73
=25.30

* 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 Western Mining Co was 279.83. The lowest was 20.00. And the median was 28.25.


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.


Western Mining Co Cyclically Adjusted FCF per Share Related Terms

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


Western Mining Co (SHSE:601168) Business Description

Traded in Other Exchanges
N/A
Address
No.52, No.54 Avenue, Qinghai Province, Xining, CHN, 810001
Western Mining Co Ltd is a mining company mainly engaged in the comprehensive development of mineral resources in the western region of China. The company's business operations include mining, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, and iron. It is divided into four major trading sectors: mining, smelting, trade, and finance.

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