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e-Credible Co (XKRX:092130) Cyclically Adjusted FCF per Share : ₩1,108.95 (As of Mar. 2024)


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What is e-Credible 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.

e-Credible Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩-58.569. 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 ₩1,108.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, e-Credible Co's average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% 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 e-Credible Co was 12.50% per year. The lowest was 9.70% per year. And the median was 10.50% per year.

As of today (2024-06-10), e-Credible Co's current stock price is ₩13150.00. e-Credible Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩1,108.95. e-Credible Co's Cyclically Adjusted Price-to-FCF of today is 11.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of e-Credible Co was 30.01. The lowest was 11.70. And the median was 22.34.


e-Credible Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for e-Credible 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.

e-Credible Co Cyclically Adjusted FCF per Share Chart

e-Credible 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 748.88 844.23 931.32 1,067.62 1,114.03

e-Credible 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 1,062.75 1,106.02 1,100.41 1,114.03 1,108.95

Competitive Comparison of e-Credible Co's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, e-Credible 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.


e-Credible Co's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



e-Credible 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, e-Credible 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)
=-58.569/118.8477*118.8477
=-58.569

Current CPI (Mar. 2024) = 118.8477.

e-Credible Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 592.284 99.353 708.500
201409 -50.426 99.608 -60.166
201412 11.719 99.098 14.055
201503 -25.250 99.720 -30.093
201506 701.969 100.050 833.857
201509 -114.548 100.110 -135.988
201512 15.938 100.220 18.900
201603 -21.835 100.560 -25.806
201606 838.342 100.790 988.541
201609 -69.796 101.460 -81.757
201612 106.609 101.560 124.756
201703 -27.054 102.850 -31.262
201706 962.183 102.610 1,114.445
201709 14.471 103.490 16.618
201712 -11.412 102.990 -13.169
201803 -46.528 104.100 -53.120
201806 1,033.376 104.130 1,179.433
201809 -97.559 105.650 -109.746
201812 129.525 104.350 147.520
201903 -42.354 104.490 -48.174
201906 1,007.720 104.880 1,141.926
201909 -207.641 105.200 -234.578
201912 230.561 105.120 260.670
202003 103.496 105.540 116.546
202006 998.573 104.870 1,131.669
202009 39.893 106.200 44.644
202012 172.522 105.765 193.862
202103 -1.440 107.357 -1.594
202106 1,097.301 107.579 1,212.246
202109 -96.616 108.759 -105.578
202112 337.319 109.676 365.526
202203 -77.714 111.806 -82.609
202206 1,343.043 114.083 1,399.138
202209 -235.183 114.831 -243.409
202212 404.833 115.200 417.651
202303 -46.415 116.550 -47.330
202306 1,043.125 117.140 1,058.333
202309 -198.009 119.111 -197.571
202312 161.198 118.848 161.198
202403 -58.569 118.848 -58.569

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


e-Credible Co  (XKRX:092130) 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.

e-Credible Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13150.00/1108.95
=11.86

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of e-Credible Co was 30.01. The lowest was 11.70. And the median was 22.34.


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.


e-Credible Co Cyclically Adjusted FCF per Share Related Terms

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


e-Credible Co (XKRX:092130) Business Description

Industry
Traded in Other Exchanges
N/A
Address
197-5 Guro-dong, Guro-gu, Seoul, KOR, 152-743
e-Credible Co Ltd is engaged in the provision of credit authentication services for the electronics industry. It offers digital networking authentication (DNA) service, electronic credit certificate service and others.

e-Credible Co (XKRX:092130) Headlines

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