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Shede Spirits Co (SHSE:600702) Cyclically Adjusted FCF per Share : ¥1.26 (As of Mar. 2024)


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What is Shede Spirits 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.

Shede Spirits Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.396. 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 ¥1.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Shede Spirits Co's average Cyclically Adjusted FCF Growth Rate was -3.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 33.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 46.90% 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 Shede Spirits Co was 78.10% per year. The lowest was -9.10% per year. And the median was 33.00% per year.

As of today (2024-05-24), Shede Spirits Co's current stock price is ¥73.34. Shede Spirits Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥1.26. Shede Spirits Co's Cyclically Adjusted Price-to-FCF of today is 58.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Shede Spirits Co was 2404.00. The lowest was 56.06. And the median was 140.44.


Shede Spirits Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Shede Spirits 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.

Shede Spirits Co Cyclically Adjusted FCF per Share Chart

Shede Spirits 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 0.35 0.54 1.30 1.34 1.27

Shede Spirits 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 1.29 1.40 1.32 1.27 1.26

Competitive Comparison of Shede Spirits Co's Cyclically Adjusted FCF per Share

For the Beverages - Wineries & Distilleries subindustry, Shede Spirits 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.


Shede Spirits Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Shede Spirits Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Shede Spirits 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, Shede Spirits 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)
=-0.396/115.2271*115.2271
=-0.396

Current CPI (Mar. 2024) = 115.2271.

Shede Spirits Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.118 98.200 -0.138
201409 0.076 98.900 0.089
201412 -0.310 99.000 -0.361
201503 0.249 99.900 0.287
201506 -0.296 99.500 -0.343
201509 -0.004 100.500 -0.005
201512 0.309 100.600 0.354
201603 0.158 102.200 0.178
201606 -0.187 101.400 -0.212
201609 0.130 102.400 0.146
201612 0.449 102.600 0.504
201703 0.246 103.200 0.275
201706 -0.220 103.100 -0.246
201709 0.667 104.100 0.738
201712 0.126 104.500 0.139
201803 0.376 105.300 0.411
201806 -0.450 104.900 -0.494
201809 0.226 106.600 0.244
201812 0.424 106.500 0.459
201903 -0.194 107.700 -0.208
201906 -0.492 107.700 -0.526
201909 1.053 109.800 1.105
201912 1.064 111.200 1.103
202003 -0.330 112.300 -0.339
202006 -0.035 110.400 -0.037
202009 0.866 111.700 0.893
202012 1.740 111.500 1.798
202103 1.039 112.662 1.063
202106 1.302 111.769 1.342
202109 2.064 112.215 2.119
202112 1.706 113.108 1.738
202203 0.989 114.335 0.997
202206 -0.299 114.558 -0.301
202209 1.222 115.339 1.221
202212 -0.539 115.116 -0.540
202303 0.247 115.116 0.247
202306 0.642 114.558 0.646
202309 -0.881 115.339 -0.880
202312 -0.467 114.781 -0.469
202403 -0.396 115.227 -0.396

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


Shede Spirits Co  (SHSE:600702) 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.

Shede Spirits Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=73.34/1.26
=58.21

* 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 Shede Spirits Co was 2404.00. The lowest was 56.06. And the median was 140.44.


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.


Shede Spirits Co Cyclically Adjusted FCF per Share Related Terms

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


Shede Spirits Co (SHSE:600702) Business Description

Traded in Other Exchanges
N/A
Address
No. 999, Tuopai Avenue, Tuopai Town, Shehong County, Sichuan Province, Suining, CHN, 629209
Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.

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