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Emeren Group (FRA:VQKB) Cyclically Adjusted Price-to-FCF : (As of May. 31, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Emeren Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Emeren 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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Emeren Group Cyclically Adjusted Price-to-FCF Chart

Emeren Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Emeren Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Emeren Group's Cyclically Adjusted Price-to-FCF

For the Solar subindustry, Emeren 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.


Emeren Group's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Emeren 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.

Emeren Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Emeren Group'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)
=-0.056/131.7762*131.7762
=-0.056

Current CPI (Mar. 2024) = 131.7762.

Emeren Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.631 100.560 -2.137
201409 -0.571 100.428 -0.749
201412 1.330 99.070 1.769
201503 -0.483 99.621 -0.639
201506 -0.511 100.684 -0.669
201509 2.376 100.392 3.119
201512 -2.115 99.792 -2.793
201603 -0.293 100.470 -0.384
201606 -0.487 101.688 -0.631
201609 -0.270 101.861 -0.349
201612 1.865 101.863 2.413
201703 -2.147 102.862 -2.751
201706 -0.918 103.349 -1.171
201709 0.000 104.136 0.000
201712 0.000 104.011 0.000
201803 0.000 105.290 0.000
201806 0.000 106.317 0.000
201809 0.000 106.507 0.000
201812 0.000 105.998 0.000
201903 -0.247 107.251 -0.303
201906 0.133 108.070 0.162
201909 1.104 108.329 1.343
201912 0.271 108.420 0.329
202003 -0.186 108.902 -0.225
202006 0.099 108.767 0.120
202009 -0.034 109.815 -0.041
202012 -0.055 109.897 -0.066
202103 -0.131 111.754 -0.154
202106 0.007 114.631 0.008
202109 -0.061 115.734 -0.069
202112 0.112 117.630 0.125
202203 -0.199 121.301 -0.216
202206 -0.111 125.017 -0.117
202209 -0.118 125.227 -0.124
202212 -0.122 125.222 -0.128
202303 -0.386 127.348 -0.399
202306 -0.038 128.729 -0.039
202309 -0.077 129.860 -0.078
202312 0.049 129.419 0.050
202403 -0.056 131.776 -0.056

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.


Emeren Group  (FRA:VQKB) 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.


Emeren Group Cyclically Adjusted Price-to-FCF Related Terms

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Emeren Group (FRA:VQKB) Business Description

Industry
Traded in Other Exchanges
Address
100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902
Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

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