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China Nuclear Engineering (SHSE:601611) Cyclically Adjusted FCF per Share : ¥-2.11 (As of Mar. 2024)


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What is China Nuclear Engineering 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.

China Nuclear Engineering's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-3.415. 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 ¥-2.11 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 (2024-05-27), China Nuclear Engineering's current stock price is ¥7.73. China Nuclear Engineering's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-2.11. China Nuclear Engineering's Cyclically Adjusted Price-to-FCF of today is .


China Nuclear Engineering Cyclically Adjusted FCF per Share Historical Data

The historical data trend for China Nuclear Engineering'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.

China Nuclear Engineering Cyclically Adjusted FCF per Share Chart

China Nuclear Engineering 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 - - - -1.68 -1.86

China Nuclear Engineering 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 -1.96 -1.98 -2.02 -1.86 -2.11

Competitive Comparison of China Nuclear Engineering's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, China Nuclear Engineering'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.


China Nuclear Engineering's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Nuclear Engineering's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Nuclear Engineering's Cyclically Adjusted Price-to-FCF falls into.



China Nuclear Engineering 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, China Nuclear Engineering'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)
=-3.415/115.2271*115.2271
=-3.415

Current CPI (Mar. 2024) = 115.2271.

China Nuclear Engineering Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.756 98.200 -0.887
201409 -0.175 98.900 -0.204
201412 0.388 99.000 0.452
201503 -1.071 99.900 -1.235
201506 0.639 99.500 0.740
201509 -0.330 100.500 -0.378
201512 1.056 100.600 1.210
201603 -1.993 102.200 -2.247
201606 -0.248 101.400 -0.282
201609 1.884 102.400 2.120
201612 -0.845 102.600 -0.949
201703 -1.225 103.200 -1.368
201706 0.123 103.100 0.137
201709 0.296 104.100 0.328
201712 1.286 104.500 1.418
201803 -1.617 105.300 -1.769
201806 -0.181 104.900 -0.199
201809 0.079 106.600 0.085
201812 0.516 106.500 0.558
201903 -1.891 107.700 -2.023
201906 -0.130 107.700 -0.139
201909 -2.834 109.800 -2.974
201912 0.680 111.200 0.705
202003 -1.907 112.300 -1.957
202006 -0.010 110.400 -0.010
202009 -0.254 111.700 -0.262
202012 0.303 111.500 0.313
202103 -2.331 112.662 -2.384
202106 -0.284 111.769 -0.293
202109 -0.381 112.215 -0.391
202112 0.707 113.108 0.720
202203 -3.803 114.335 -3.833
202206 -0.891 114.558 -0.896
202209 -0.943 115.339 -0.942
202212 1.716 115.116 1.718
202303 -3.891 115.116 -3.895
202306 -0.440 114.558 -0.443
202309 -1.130 115.339 -1.129
202312 2.860 114.781 2.871
202403 -3.415 115.227 -3.415

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


China Nuclear Engineering  (SHSE:601611) 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.


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.


China Nuclear Engineering Cyclically Adjusted FCF per Share Related Terms

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


China Nuclear Engineering (SHSE:601611) Business Description

Traded in Other Exchanges
N/A
Address
Chegongzhuang Street, No.12, Xicheng District, Beijing, CHN, 100037
China Nuclear Engineering Corporation Ltd is a China-based company engaged in providing engineering and construction services, clean energy open development and utilization and real estate development. It is also involved in the provision of nuclear power construction and engineering services. The company's business includes construction of the High-temperature reactor, Low-temperature nuclear heating reactor, Nuclear Power Plant (NPP) construction, industrial and civil engineering construction, inspection and maintenance of NPP, and providing talent training for global nuclear power engineering and construction.

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