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Shandong Bohui Paper Industrial Co (SHSE:600966) Cyclically Adjusted FCF per Share : ¥0.55 (As of Mar. 2024)


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What is Shandong Bohui Paper Industrial 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.

Shandong Bohui Paper Industrial Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.218. 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, Shandong Bohui Paper Industrial Co's average Cyclically Adjusted FCF Growth Rate was 77.40% 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 Shandong Bohui Paper Industrial Co was 29.10% per year. The lowest was -6.50% per year. And the median was 2.30% per year.

As of today (2024-06-03), Shandong Bohui Paper Industrial Co's current stock price is ¥5.43. Shandong Bohui Paper Industrial Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.55. Shandong Bohui Paper Industrial Co's Cyclically Adjusted Price-to-FCF of today is 9.87.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Shandong Bohui Paper Industrial Co was 330.25. The lowest was 9.47. And the median was 21.53.


Shandong Bohui Paper Industrial Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Shandong Bohui Paper Industrial 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.

Shandong Bohui Paper Industrial Co Cyclically Adjusted FCF per Share Chart

Shandong Bohui Paper Industrial 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 -0.44 -0.15 0.14 0.27 0.52

Shandong Bohui Paper Industrial 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 0.31 0.32 0.36 0.52 0.55

Competitive Comparison of Shandong Bohui Paper Industrial Co's Cyclically Adjusted FCF per Share

For the Paper & Paper Products subindustry, Shandong Bohui Paper Industrial 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.


Shandong Bohui Paper Industrial Co's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Bohui Paper Industrial Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shandong Bohui Paper Industrial Co's Cyclically Adjusted Price-to-FCF falls into.



Shandong Bohui Paper Industrial 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, Shandong Bohui Paper Industrial 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)
=0.218/115.2271*115.2271
=0.218

Current CPI (Mar. 2024) = 115.2271.

Shandong Bohui Paper Industrial Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.082 98.200 0.096
201409 0.066 98.900 0.077
201412 0.022 99.000 0.026
201503 -0.002 99.900 -0.002
201506 0.155 99.500 0.179
201509 0.049 100.500 0.056
201512 0.123 100.600 0.141
201603 0.093 102.200 0.105
201606 0.175 101.400 0.199
201609 0.096 102.400 0.108
201612 0.276 102.600 0.310
201703 0.004 103.200 0.004
201706 0.017 103.100 0.019
201709 0.061 104.100 0.068
201712 -0.019 104.500 -0.021
201803 -0.042 105.300 -0.046
201806 -0.063 104.900 -0.069
201809 -0.023 106.600 -0.025
201812 -0.840 106.500 -0.909
201903 0.084 107.700 0.090
201906 0.177 107.700 0.189
201909 -0.074 109.800 -0.078
201912 -0.541 111.200 -0.561
202003 0.172 112.300 0.176
202006 0.345 110.400 0.360
202009 0.845 111.700 0.872
202012 1.076 111.500 1.112
202103 1.380 112.662 1.411
202106 0.507 111.769 0.523
202109 0.016 112.215 0.016
202112 0.604 113.108 0.615
202203 0.019 114.335 0.019
202206 0.285 114.558 0.287
202209 0.043 115.339 0.043
202212 -1.338 115.116 -1.339
202303 0.053 115.116 0.053
202306 0.109 114.558 0.110
202309 0.285 115.339 0.285
202312 0.828 114.781 0.831
202403 0.218 115.227 0.218

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


Shandong Bohui Paper Industrial Co  (SHSE:600966) 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.

Shandong Bohui Paper Industrial Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.43/0.55
=9.87

* 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 Shandong Bohui Paper Industrial Co was 330.25. The lowest was 9.47. And the median was 21.53.


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.


Shandong Bohui Paper Industrial Co Cyclically Adjusted FCF per Share Related Terms

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Shandong Bohui Paper Industrial Co (SHSE:600966) Business Description

Traded in Other Exchanges
N/A
Address
North of Industrial Road, Maqiao Town, Huantai County, handong Province, Zibo, CHN, 256405
Shandong Bohui Paper Industrial Co Ltd is a China-based company produces and sells paper products. It offers products such as pulp, folding boxboard, printing and writing paper, test liner boards, gypsum boards, and kraftliner boards.

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