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Guosheng Financial Holding (SZSE:002670) Cyclically Adjusted FCF per Share : ¥-0.33 (As of Mar. 2024)


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What is Guosheng Financial Holding 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.

Guosheng Financial Holding's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.575. 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 ¥-0.33 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.60% 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 Guosheng Financial Holding was 11.60% per year. The lowest was 11.60% per year. And the median was 11.60% per year.

As of today (2024-06-03), Guosheng Financial Holding's current stock price is ¥9.46. Guosheng Financial Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.33. Guosheng Financial Holding's Cyclically Adjusted Price-to-FCF of today is .


Guosheng Financial Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Guosheng Financial Holding'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.

Guosheng Financial Holding Cyclically Adjusted FCF per Share Chart

Guosheng Financial Holding 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 - -0.42 -0.24 -0.35 -0.29

Guosheng Financial Holding 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 -0.34 -0.31 -0.33 -0.29 -0.33

Competitive Comparison of Guosheng Financial Holding's Cyclically Adjusted FCF per Share

For the Financial Conglomerates subindustry, Guosheng Financial Holding'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.


Guosheng Financial Holding's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Guosheng Financial Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Guosheng Financial Holding's Cyclically Adjusted Price-to-FCF falls into.



Guosheng Financial Holding 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, Guosheng Financial Holding'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)
=-0.575/115.2271*115.2271
=-0.575

Current CPI (Mar. 2024) = 115.2271.

Guosheng Financial Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.276 98.200 0.324
201409 -0.312 98.900 -0.364
201412 0.324 99.000 0.377
201503 0.039 99.900 0.045
201506 0.184 99.500 0.213
201509 0.030 100.500 0.034
201512 0.324 100.600 0.371
201603 0.034 102.200 0.038
201606 -0.881 101.400 -1.001
201609 -1.004 102.400 -1.130
201612 -3.573 102.600 -4.013
201703 0.348 103.200 0.389
201706 0.287 103.100 0.321
201709 -1.283 104.100 -1.420
201712 -1.774 104.500 -1.956
201803 0.700 105.300 0.766
201806 0.263 104.900 0.289
201809 -0.497 106.600 -0.537
201812 0.294 106.500 0.318
201903 0.852 107.700 0.912
201906 -0.091 107.700 -0.097
201909 -0.427 109.800 -0.448
201912 0.807 111.200 0.836
202003 1.408 112.300 1.445
202006 0.140 110.400 0.146
202009 0.389 111.700 0.401
202012 0.233 111.500 0.241
202103 0.795 112.662 0.813
202106 -0.249 111.769 -0.257
202109 0.593 112.215 0.609
202112 0.326 113.108 0.332
202203 -1.056 114.335 -1.064
202206 0.221 114.558 0.222
202209 -0.628 115.339 -0.627
202212 0.447 115.116 0.447
202303 -0.017 115.116 -0.017
202306 0.365 114.558 0.367
202309 -0.626 115.339 -0.625
202312 0.546 114.781 0.548
202403 -0.575 115.227 -0.575

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


Guosheng Financial Holding  (SZSE:002670) 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.


Guosheng Financial Holding Cyclically Adjusted FCF per Share Related Terms

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


Guosheng Financial Holding (SZSE:002670) Business Description

Traded in Other Exchanges
N/A
Address
No. 5033 Yitian Road, 101F , Ping An Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000
Guosheng Financial Holding Inc is a China based integrated financial service group. It provides financial products and services including securities, investment, finance and technology. The company focuses on building brokerage and securities research, institutional securities, credit, investment management and internet finance, leading to provide customers with a chain of financial services.
Executives
Zhao Cen Secretary, Director
Liu Shi Ming Director
Xie Ji Zhu Directors, executives
Luo Jia Jun Director
Zhang Li Ping Independent director
Liu Chen Supervisors
Huang Xi Qiang Directors, executives

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