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IEIT Systems Co (SZSE:000977) Cyclically Adjusted FCF per Share : ¥-0.76 (As of Mar. 2024)


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What is IEIT 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.

IEIT Systems Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-2.422. 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 ¥-0.76 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -57.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -30.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -14.70% 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 IEIT Systems Co was 21.60% per year. The lowest was -135.10% per year. And the median was -26.00% per year.

As of today (2024-06-05), IEIT Systems Co's current stock price is ¥35.86. IEIT Systems Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.76. IEIT Systems Co's Cyclically Adjusted Price-to-FCF of today is .


IEIT Systems Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IEIT 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.

IEIT Systems Co Cyclically Adjusted FCF per Share Chart

IEIT 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 -0.23 -0.14 -0.74 -0.73 -0.55

IEIT 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 -0.69 -1.02 -1.01 -0.55 -0.76

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

For the Computer Hardware subindustry, IEIT 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.


IEIT Systems Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, IEIT Systems Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



IEIT 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, IEIT Systems 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)
=-2.422/115.2271*115.2271
=-2.422

Current CPI (Mar. 2024) = 115.2271.

IEIT Systems Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.100 98.200 -0.117
201409 -0.063 98.900 -0.073
201412 -0.023 99.000 -0.027
201503 -0.971 99.900 -1.120
201506 -0.180 99.500 -0.208
201509 0.220 100.500 0.252
201512 0.411 100.600 0.471
201603 -0.292 102.200 -0.329
201606 -0.347 101.400 -0.394
201609 0.271 102.400 0.305
201612 0.121 102.600 0.136
201703 -0.274 103.200 -0.306
201706 -1.055 103.100 -1.179
201709 -0.334 104.100 -0.370
201712 1.418 104.500 1.564
201803 -3.932 105.300 -4.303
201806 -1.153 104.900 -1.267
201809 -0.896 106.600 -0.969
201812 6.620 106.500 7.162
201903 -0.850 107.700 -0.909
201906 -1.493 107.700 -1.597
201909 -0.822 109.800 -0.863
201912 3.482 111.200 3.608
202003 -4.461 112.300 -4.577
202006 0.274 110.400 0.286
202009 -0.299 111.700 -0.308
202012 5.292 111.500 5.469
202103 -0.679 112.662 -0.694
202106 -1.012 111.769 -1.043
202109 -4.252 112.215 -4.366
202112 0.155 113.108 0.158
202203 -10.490 114.335 -10.572
202206 3.070 114.558 3.088
202209 2.096 115.339 2.094
202212 5.268 115.116 5.273
202303 -0.086 115.116 -0.086
202306 -3.558 114.558 -3.579
202309 -0.275 115.339 -0.275
202312 4.495 114.781 4.512
202403 -2.422 115.227 -2.422

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


IEIT Systems Co  (SZSE:000977) 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.


IEIT Systems Co Cyclically Adjusted FCF per Share Related Terms

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


IEIT Systems Co (SZSE:000977) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1036 Langchao Road, Shandong Province, Jinan, CHN, 250101
IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.
Executives
Huang Jia Ming Executives
Wu Long Directors, executives
Gong Wei Feng Executives
Chen Bin Supervisors
Pang Song Tao Director
Kong Liang Executives
Guo Ji Jun Executives
Hu Lei Jun Executives
Zhang Ai Cheng Executives

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