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Bethel Automotivefety Systems Co (SHSE:603596) Cyclically Adjusted FCF per Share : ¥0.12 (As of Mar. 2024)


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What is Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was ¥-0.610. 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 ¥0.12 for the trailing ten years ended in Dec. 2023.

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 (2024-05-24), Bethel Automotivefety Systems Co's current stock price is ¥ 35.40. Bethel Automotivefety Systems Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was ¥0.12. Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF of today is 295.00.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of Bethel Automotivefety Systems Co was 376.61. The lowest was 286.61. And the median was 344.54.


Bethel Automotivefety Systems Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co Cyclically Adjusted FCF per Share Chart

Bethel Automotivefety Systems 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 - - - 0.16 0.12

Bethel Automotivefety Systems 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 - - - 0.12 -

Competitive Comparison of Bethel Automotivefety Systems Co's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Bethel Automotivefety Systems 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.


Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF falls into.



Bethel Automotivefety Systems 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, Bethel Automotivefety Systems Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.61/114.7809*114.7809
=-0.610

Current CPI (Dec. 2023) = 114.7809.

Bethel Automotivefety Systems Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.305 99.000 -0.354
201512 -0.043 100.600 -0.049
201612 -0.111 102.600 -0.124
201712 -0.247 104.500 -0.271
201812 0.405 106.500 0.436
201912 0.861 111.200 0.889
202012 0.714 111.500 0.735
202112 0.260 113.108 0.264
202212 0.305 115.116 0.304
202312 -0.610 114.781 -0.610

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


Bethel Automotivefety Systems Co  (SHSE:603596) 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.

Bethel Automotivefety Systems Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35.40/0.12
=295.00

* 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 11 years, the highest Cyclically Adjusted Price-to-FCF of Bethel Automotivefety Systems Co was 376.61. The lowest was 286.61. And the median was 344.54.


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.


Bethel Automotivefety Systems Co Cyclically Adjusted FCF per Share Related Terms

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


Bethel Automotivefety Systems Co (SHSE:603596) Business Description

Traded in Other Exchanges
N/A
Address
No. 19, Taishan Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241009
Bethel Automotive Safety Systems Co Ltd is a China based company engaged in manufacturing and marketing of automotive safety systems. Its products include passenger car and commercial vehicle front and rear disc brakes, drum brakes, rear integrated parking brake, rear disc brake drum, brake master cylinder, vacuum booster, cast aluminum steering knuckle and others.
Executives
Yuan Yong Bin Director

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