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Nations Technologies (SZSE:300077) Cyclically Adjusted FCF per Share : ¥-0.32 (As of Mar. 2024)


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What is Nations Technologies 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.

Nations Technologies's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.185. 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 ¥-0.32 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -41.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -61.60% 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 Nations Technologies was -30.10% per year. The lowest was -100.00% per year. And the median was -46.20% per year.

As of today (2024-05-28), Nations Technologies's current stock price is ¥9.36. Nations Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.32. Nations Technologies's Cyclically Adjusted Price-to-FCF of today is .


Nations Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nations Technologies'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.

Nations Technologies Cyclically Adjusted FCF per Share Chart

Nations Technologies 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 -0.08 -0.11 -0.08 -0.25 -0.31

Nations Technologies 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 -0.28 -0.30 -0.31 -0.31 -0.32

Competitive Comparison of Nations Technologies's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Nations Technologies'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.


Nations Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nations Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Nations Technologies's Cyclically Adjusted Price-to-FCF falls into.



Nations Technologies 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, Nations Technologies'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)
=-0.185/115.2271*115.2271
=-0.185

Current CPI (Mar. 2024) = 115.2271.

Nations Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.010 98.200 0.012
201409 -0.100 98.900 -0.117
201412 0.121 99.000 0.141
201503 -0.038 99.900 -0.044
201506 -0.090 99.500 -0.104
201509 -0.098 100.500 -0.112
201512 0.037 100.600 0.042
201603 -0.216 102.200 -0.244
201606 -0.069 101.400 -0.078
201609 -0.090 102.400 -0.101
201612 0.010 102.600 0.011
201703 -0.069 103.200 -0.077
201706 -0.173 103.100 -0.193
201709 -0.198 104.100 -0.219
201712 0.023 104.500 0.025
201803 -0.211 105.300 -0.231
201806 -0.261 104.900 -0.287
201809 0.571 106.600 0.617
201812 0.352 106.500 0.381
201903 -0.056 107.700 -0.060
201906 0.048 107.700 0.051
201909 -0.131 109.800 -0.137
201912 -0.180 111.200 -0.187
202003 -0.088 112.300 -0.090
202006 0.052 110.400 0.054
202009 0.076 111.700 0.078
202012 -0.065 111.500 -0.067
202103 -0.209 112.662 -0.214
202106 -0.024 111.769 -0.025
202109 0.093 112.215 0.095
202112 0.314 113.108 0.320
202203 -0.294 114.335 -0.296
202206 -0.359 114.558 -0.361
202209 -0.911 115.339 -0.910
202212 -0.103 115.116 -0.103
202303 -0.372 115.116 -0.372
202306 -0.248 114.558 -0.249
202309 -0.219 115.339 -0.219
202312 0.252 114.781 0.253
202403 -0.185 115.227 -0.185

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


Nations Technologies  (SZSE:300077) 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.


Nations Technologies Cyclically Adjusted FCF per Share Related Terms

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


Nations Technologies (SZSE:300077) Business Description

Traded in Other Exchanges
N/A
Address
No. 109 Baoshen Road, National Technology Building, Nanshan District, Guangdong, Shenzhen, CHN, 518057
Nations Technologies Inc is a China-based company. It provides secure IC products and services in Internet identification authentication, TPM, secure modules, and personal digital security products and services. Its products include mobile identity, online banking, data encryption, e-Government, financial transaction and many others.
Executives
Liu Hong Jing Directors, executives
Xu Guo Hui Securities Affairs Representative
Luo Zhao Xue Director
Sun Ying Tong Directors, executives
Yu Jun Jie Directors, executives
Guan Shi Yuan Executives
Zhou Jian Bo Supervisors
Zhang Bin Executives
Yu Yun Bo Directors, executives
Wang Tao Securities Affairs Representative
Liu Xiao Yu Executives
Peng Bo Supervisors
Lu Lin Executives
Sun Yuan Executives
Huang Fu Hong Jun Executives

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