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Beijing VRV Software (SZSE:300352) Cyclically Adjusted FCF per Share : ¥-0.11 (As of Mar. 2024)


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What is Beijing VRV Software 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.

Beijing VRV Software's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥-0.078. 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 ¥-0.11 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.20% 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 Beijing VRV Software was -3.20% per year. The lowest was -3.20% per year. And the median was -3.20% per year.

As of today (2024-06-10), Beijing VRV Software's current stock price is ¥3.80. Beijing VRV Software's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥-0.11. Beijing VRV Software's Cyclically Adjusted Price-to-FCF of today is .


Beijing VRV Software Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Beijing VRV Software'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.

Beijing VRV Software Cyclically Adjusted FCF per Share Chart

Beijing VRV Software 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 - -0.10 -0.10 -0.11 -0.11

Beijing VRV Software 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 -0.11 -0.11 -0.11 -0.11 -0.11

Competitive Comparison of Beijing VRV Software's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, Beijing VRV Software'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.


Beijing VRV Software's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Beijing VRV Software's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Beijing VRV Software's Cyclically Adjusted Price-to-FCF falls into.



Beijing VRV Software 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, Beijing VRV Software'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)
=-0.078/115.2271*115.2271
=-0.078

Current CPI (Mar. 2024) = 115.2271.

Beijing VRV Software Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.016 98.200 -0.019
201409 -0.019 98.900 -0.022
201412 0.013 99.000 0.015
201503 -0.014 99.900 -0.016
201506 -0.038 99.500 -0.044
201509 -0.034 100.500 -0.039
201512 0.019 100.600 0.022
201603 -0.027 102.200 -0.030
201606 -0.009 101.400 -0.010
201609 -0.030 102.400 -0.034
201612 0.016 102.600 0.018
201703 -0.045 103.200 -0.050
201706 -0.040 103.100 -0.045
201709 -0.032 104.100 -0.035
201712 -0.007 104.500 -0.008
201803 -0.097 105.300 -0.106
201806 -0.046 104.900 -0.051
201809 -0.076 106.600 -0.082
201812 -0.030 106.500 -0.032
201903 -0.119 107.700 -0.127
201906 -0.003 107.700 -0.003
201909 -0.037 109.800 -0.039
201912 0.036 111.200 0.037
202003 -0.039 112.300 -0.040
202006 0.018 110.400 0.019
202009 -0.072 111.700 -0.074
202012 0.026 111.500 0.027
202103 -0.118 112.662 -0.121
202106 -0.025 111.769 -0.026
202109 -0.021 112.215 -0.022
202112 0.045 113.108 0.046
202203 0.022 114.335 0.022
202206 -0.072 114.558 -0.072
202209 -0.039 115.339 -0.039
202212 0.003 115.116 0.003
202303 -0.029 115.116 -0.029
202306 -0.025 114.558 -0.025
202309 -0.023 115.339 -0.023
202312 0.063 114.781 0.063
202403 -0.078 115.227 -0.078

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


Beijing VRV Software  (SZSE:300352) 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.


Beijing VRV Software Cyclically Adjusted FCF per Share Related Terms

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


Beijing VRV Software (SZSE:300352) Business Description

Traded in Other Exchanges
N/A
Address
Beijing Zhongguancun South Street, Zhongguancun Science and Technology Development, Building 34, Room 1602, Block C, Haidian District, Beijing, CHN, 100081
Beijing VRV Software Corp Ltd is engaged in developing, manufacturing & selling of information security software products and services. The company provides data applications, mobile management systems, domestic terminal security systems, border security products, Intranet security products, anti-virus software, and data security products.
Executives
Wang Xiao Na Directors, executives
Yang Jie Directors, executives
Yang Wei Executives
Hu Jian Bin Director
Gao Xi Directors, executives
Lin Hao Directors, executives
Ma Cheng Dong Supervisors
Ha Lian Qin Supervisors
Shen Jian Fei Independent director
Zhao Zhan Sheng Independent director

Beijing VRV Software (SZSE:300352) Headlines

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