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Huadian Energy Co (SHSE:600726) Cyclically Adjusted FCF per Share : ¥0.55 (As of Mar. 2024)


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What is Huadian Energy 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.

Huadian Energy Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.034. 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 ¥0.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Huadian Energy Co's average Cyclically Adjusted FCF Growth Rate was -8.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 26.00% 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 Huadian Energy Co was 69.40% per year. The lowest was -41.50% per year. And the median was 26.70% per year.

As of today (2024-06-10), Huadian Energy Co's current stock price is ¥2.14. Huadian Energy Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.55. Huadian Energy Co's Cyclically Adjusted Price-to-FCF of today is 3.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Huadian Energy Co was 460.00. The lowest was 3.19. And the median was 8.62.


Huadian Energy Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Huadian Energy 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.

Huadian Energy Co Cyclically Adjusted FCF per Share Chart

Huadian Energy 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 0.25 0.34 0.52 0.62 0.59

Huadian Energy 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 0.60 0.57 0.59 0.59 0.55

Competitive Comparison of Huadian Energy Co's Cyclically Adjusted FCF per Share

For the Utilities - Independent Power Producers subindustry, Huadian Energy 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.


Huadian Energy Co's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Huadian Energy Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Huadian Energy 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, Huadian Energy 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)
=-0.034/115.2271*115.2271
=-0.034

Current CPI (Mar. 2024) = 115.2271.

Huadian Energy Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.343 98.200 0.402
201409 -0.069 98.900 -0.080
201412 0.077 99.000 0.090
201503 0.228 99.900 0.263
201506 0.060 99.500 0.069
201509 0.059 100.500 0.068
201512 0.148 100.600 0.170
201603 0.049 102.200 0.055
201606 -0.120 101.400 -0.136
201609 -0.220 102.400 -0.248
201612 0.521 102.600 0.585
201703 -0.038 103.200 -0.042
201706 -0.289 103.100 -0.323
201709 -0.430 104.100 -0.476
201712 0.256 104.500 0.282
201803 -0.147 105.300 -0.161
201806 0.013 104.900 0.014
201809 0.370 106.600 0.400
201812 0.460 106.500 0.498
201903 0.114 107.700 0.122
201906 -0.063 107.700 -0.067
201909 0.104 109.800 0.109
201912 0.073 111.200 0.076
202003 0.153 112.300 0.157
202006 -0.202 110.400 -0.211
202009 0.206 111.700 0.213
202012 0.266 111.500 0.275
202103 -0.047 112.662 -0.048
202106 -0.141 111.769 -0.145
202109 -0.447 112.215 -0.459
202112 2.447 113.108 2.493
202203 0.097 114.335 0.098
202206 0.065 114.558 0.065
202209 0.663 115.339 0.662
202212 0.477 115.116 0.477
202303 0.020 115.116 0.020
202306 0.021 114.558 0.021
202309 0.159 115.339 0.159
202312 0.118 114.781 0.118
202403 -0.034 115.227 -0.034

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


Huadian Energy Co  (SHSE:600726) 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.

Huadian Energy Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.14/0.55
=3.89

* 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 Huadian Energy Co was 460.00. The lowest was 3.19. And the median was 8.62.


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.


Huadian Energy Co Cyclically Adjusted FCF per Share Related Terms

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


Huadian Energy Co (SHSE:600726) Business Description

Traded in Other Exchanges
Address
No. 209 Dacheng Street, Nangang District, Heilongjiang Province, Harbin, CHN, 150001
Huadian Energy Co Ltd is engaged in the electricity production and sales business. It is engaged in heat electric supply, power supply, power plant testing and electric power technology consulting.
Executives
Wang Hua Bin senior management
Mei Jun Chao senior management
Shi Feng Shang Director
Liu Zhang Qing Director
Xie Yun Director
Sun Guang Director

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