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Orient Securities Co (FRA:OS9) Cyclically Adjusted FCF per Share : €-0.01 (As of Mar. 2024)


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What is Orient Securities 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.

Orient Securities Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.329. 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 €-0.01 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-08), Orient Securities Co's current stock price is €0.332. Orient Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-0.01. Orient Securities Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Orient Securities Co was 1006.52. The lowest was 83.21. And the median was 107.63.


Orient Securities Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Orient Securities 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.

Orient Securities Co Cyclically Adjusted FCF per Share Chart

Orient Securities 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 - - -0.02 -0.01 -

Orient Securities 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 -0.02 -0.02 -0.01 - -0.01

Competitive Comparison of Orient Securities Co's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, Orient Securities 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.


Orient Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Orient Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Orient Securities 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, Orient Securities 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)
=-0.329/115.2271*115.2271
=-0.329

Current CPI (Mar. 2024) = 115.2271.

Orient Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.026 98.200 0.031
201409 -0.123 98.900 -0.143
201412 0.289 99.000 0.336
201503 -0.111 99.900 -0.128
201506 0.889 99.500 1.030
201509 -0.999 100.500 -1.145
201512 -0.534 100.600 -0.612
201603 -0.117 102.200 -0.132
201606 -0.289 101.400 -0.328
201609 -0.134 102.400 -0.151
201612 0.387 102.600 0.435
201703 -0.265 103.200 -0.296
201706 -0.035 103.100 -0.039
201709 -0.048 104.100 -0.053
201712 0.018 104.500 0.020
201803 -0.137 105.300 -0.150
201806 -0.013 104.900 -0.014
201809 0.316 106.600 0.342
201812 -0.043 106.500 -0.047
201903 0.119 107.700 0.127
201906 0.022 107.700 0.024
201909 0.082 109.800 0.086
201912 -0.037 111.200 -0.038
202003 0.063 112.300 0.065
202006 0.140 110.400 0.146
202009 0.058 111.700 0.060
202012 0.215 111.500 0.222
202103 0.306 112.662 0.313
202106 -0.202 111.769 -0.208
202109 0.354 112.215 0.364
202112 -0.682 113.108 -0.695
202203 0.000 114.335 0.000
202206 0.053 114.558 0.053
202209 0.163 115.339 0.163
202212 0.163 115.116 0.163
202303 -0.236 115.116 -0.236
202306 -0.016 114.558 -0.016
202309 0.025 115.339 0.025
202312 0.458 114.781 0.460
202403 -0.329 115.227 -0.329

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


Orient Securities Co  (FRA:OS9) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Orient Securities Co was 1006.52. The lowest was 83.21. And the median was 107.63.


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.


Orient Securities Co Cyclically Adjusted FCF per Share Related Terms

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


Orient Securities Co (FRA:OS9) Business Description

Traded in Other Exchanges
Address
No. 119 South Zhongshan Road, Orient Securities Building, Huangpu District, Shanghai, CHN, 200010
Orient Securities Co Ltd is engaged in sales and trading of securities including investment and trading, fixed income investment and trading, financial derivatives trading business, NEEQ market-making business, alternative investment, and securities research services. It engages in alternative investment business through Orient Securities Innovation Investment. The company's segments include Securities Sales and Trading, Investment Management, Brokerage and Securities Financing, Investment Banking, and Headquarters and Others. The majority of the revenue is earned from the Brokerage and Securities Financing segment.

Orient Securities Co (FRA:OS9) Headlines

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