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Xiamen Tungsten Co (SHSE:600549) Cyclically Adjusted FCF per Share : ¥-0.26 (As of Mar. 2024)


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What is Xiamen Tungsten 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.

Xiamen Tungsten Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.015. 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 ¥-0.26 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -15.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -24.60% 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 Xiamen Tungsten Co was -4.10% per year. The lowest was -22.70% per year. And the median was -10.95% per year.

As of today (2024-06-08), Xiamen Tungsten Co's current stock price is ¥18.27. Xiamen Tungsten Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.26. Xiamen Tungsten Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Xiamen Tungsten Co was 666.75. The lowest was 72.24. And the median was 174.75.


Xiamen Tungsten Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Xiamen Tungsten 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.

Xiamen Tungsten Co Cyclically Adjusted FCF per Share Chart

Xiamen Tungsten 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 -0.23 -0.21 -0.06 -0.28 -0.32

Xiamen Tungsten 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 -0.27 -0.34 -0.35 -0.32 -0.26

Competitive Comparison of Xiamen Tungsten Co's Cyclically Adjusted FCF per Share

For the Other Industrial Metals & Mining subindustry, Xiamen Tungsten 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.


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

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

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



Xiamen Tungsten 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, Xiamen Tungsten 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)
=-0.015/115.2271*115.2271
=-0.015

Current CPI (Mar. 2024) = 115.2271.

Xiamen Tungsten Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.178 98.200 -0.209
201409 -0.417 98.900 -0.486
201412 0.496 99.000 0.577
201503 -0.928 99.900 -1.070
201506 -0.112 99.500 -0.130
201509 0.372 100.500 0.427
201512 -0.658 100.600 -0.754
201603 0.118 102.200 0.133
201606 0.066 101.400 0.075
201609 0.372 102.400 0.419
201612 0.078 102.600 0.088
201703 -0.473 103.200 -0.528
201706 -0.262 103.100 -0.293
201709 -0.234 104.100 -0.259
201712 -0.235 104.500 -0.259
201803 -0.574 105.300 -0.628
201806 -0.533 104.900 -0.585
201809 -0.128 106.600 -0.138
201812 0.461 106.500 0.499
201903 -0.421 107.700 -0.450
201906 -0.096 107.700 -0.103
201909 0.531 109.800 0.557
201912 0.217 111.200 0.225
202003 -0.072 112.300 -0.074
202006 0.654 110.400 0.683
202009 0.105 111.700 0.108
202012 -0.224 111.500 -0.231
202103 -0.263 112.662 -0.269
202106 0.540 111.769 0.557
202109 0.186 112.215 0.191
202112 -0.698 113.108 -0.711
202203 -0.664 114.335 -0.669
202206 0.198 114.558 0.199
202209 -0.973 115.339 -0.972
202212 -0.049 115.116 -0.049
202303 -0.278 115.116 -0.278
202306 0.234 114.558 0.235
202309 0.377 115.339 0.377
202312 1.213 114.781 1.218
202403 -0.015 115.227 -0.015

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


Xiamen Tungsten Co  (SHSE:600549) 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 Xiamen Tungsten Co was 666.75. The lowest was 72.24. And the median was 174.75.


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.


Xiamen Tungsten Co Cyclically Adjusted FCF per Share Related Terms

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Xiamen Tungsten Co (SHSE:600549) Business Description

Traded in Other Exchanges
N/A
Address
Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004
Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.
Executives
Xu Huo Yao senior management
Wu Gao Chao Directors, senior managers
Hong Chao E senior management
Zhong Ke Xiang senior management
Huang Zhang Geng Director
Zhong Bing Xian senior management
Zhou Yu Jun senior management
Xu Ji Song Supervisors

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