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JD.com (JD.com) Cyclically Adjusted Price-to-FCF : 26.38 (As of Apr. 28, 2024)


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What is JD.com Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), JD.com's current share price is $30.34. JD.com's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.15. JD.com's Cyclically Adjusted Price-to-FCF for today is 26.38.

The historical rank and industry rank for JD.com's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

JD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.94   Med: 53.24   Max: 91.6
Current: 24.81

During the past years, JD.com's highest Cyclically Adjusted Price-to-FCF was 91.60. The lowest was 18.94. And the median was 53.24.

JD's Cyclically Adjusted Price-to-FCF is ranked worse than
72.41% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13.15 vs JD: 24.81

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.

JD.com's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.010. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD.com Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for JD.com's Cyclically Adjusted Price-to-FCF 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.

JD.com Cyclically Adjusted Price-to-FCF Chart

JD.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 69.04 25.07

JD.com Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 69.04 75.60 35.06 27.36 25.07

Competitive Comparison of JD.com's Cyclically Adjusted Price-to-FCF

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



JD.com Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

JD.com's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=30.34/1.15
=26.38

* 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.

JD.com's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, JD.com's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.01/114.6694*114.6694
=1.010

Current CPI (Dec. 2023) = 114.6694.

JD.com Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.033 98.600 0.038
201406 -0.046 98.200 -0.054
201409 0.034 98.900 0.039
201412 -0.207 99.000 -0.240
201503 0.068 99.900 0.078
201506 0.025 99.500 0.029
201509 -0.157 100.500 -0.179
201512 -0.122 100.600 -0.139
201603 0.108 102.200 0.121
201606 0.063 101.400 0.071
201609 0.295 102.400 0.330
201612 -0.245 102.600 -0.274
201703 0.191 103.200 0.212
201706 0.895 103.100 0.995
201709 -0.356 104.100 -0.392
201712 0.062 104.500 0.068
201803 -0.406 105.300 -0.442
201806 0.629 104.900 0.688
201809 -0.316 106.600 -0.340
201812 0.090 106.500 0.097
201903 0.119 107.700 0.127
201906 0.915 107.700 0.974
201909 0.029 109.800 0.030
201912 -0.628 111.200 -0.648
202003 -0.169 112.300 -0.173
202006 1.103 110.400 1.146
202009 0.474 111.700 0.487
202012 -0.041 111.500 -0.042
202103 -1.050 112.662 -1.069
202106 2.560 111.769 2.626
202109 0.727 112.215 0.743
202112 -0.275 113.108 -0.279
202203 -0.715 114.335 -0.717
202206 2.653 114.558 2.656
202209 0.344 115.339 0.342
202212 0.895 115.116 0.892
202303 -2.265 115.116 -2.256
202306 4.103 114.558 4.107
202309 0.865 115.339 0.860
202312 1.010 114.669 1.010

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


JD.com  (NAS:JD) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


JD.com Cyclically Adjusted Price-to-FCF Related Terms

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


JD.com (JD.com) Business Description

Industry
Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.