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Jason Furniture (Hangzhou) Co (SHSE:603816) Cyclically Adjusted FCF per Share : ¥0.86 (As of Mar. 2024)


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What is Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was ¥0.272. 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 ¥0.86 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% 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 Jason Furniture (Hangzhou) Co was 1.20% per year. The lowest was 1.20% per year. And the median was 1.20% per year.

As of today (2024-05-14), Jason Furniture (Hangzhou) Co's current stock price is ¥ 35.61. Jason Furniture (Hangzhou) Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was ¥0.86. Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF of today is 41.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Jason Furniture (Hangzhou) Co was 82.21. The lowest was 39.08. And the median was 57.91.


Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share Chart

Jason Furniture (Hangzhou) 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 - 0.83 0.80 0.90 0.86

Jason Furniture (Hangzhou) 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 - - - 0.86 -

Competitive Comparison of Jason Furniture (Hangzhou) Co's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.


Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF falls into.



Jason Furniture (Hangzhou) 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, Jason Furniture (Hangzhou) 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)
=0.272/114.6694*114.6694
=0.272

Current CPI (Dec. 2023) = 114.6694.

Jason Furniture (Hangzhou) Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.335 99.000 -0.388
201512 0.769 100.600 0.877
201612 1.187 102.600 1.327
201712 1.158 104.500 1.271
201812 0.382 106.500 0.411
201912 1.779 111.200 1.835
202012 1.394 111.500 1.434
202112 0.456 113.108 0.462
202212 1.134 115.116 1.130
202312 0.272 114.669 0.272

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


Jason Furniture (Hangzhou) Co  (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35.61/0.86
=41.41

* 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 Jason Furniture (Hangzhou) Co was 82.21. The lowest was 39.08. And the median was 57.91.


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.


Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share Related Terms

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


Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Traded in Other Exchanges
N/A
Address
No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN
Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

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