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Fulltech Fiber Glass (ROCO:1815) Cyclically Adjusted FCF per Share : NT$0.50 (As of Mar. 2024)


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What is Fulltech Fiber Glass 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.

Fulltech Fiber Glass's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.588. 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 NT$0.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fulltech Fiber Glass's average Cyclically Adjusted FCF Growth Rate was -41.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 62.20% 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 Fulltech Fiber Glass was 62.20% per year. The lowest was 62.20% per year. And the median was 62.20% per year.

As of today (2024-06-06), Fulltech Fiber Glass's current stock price is NT$27.90. Fulltech Fiber Glass's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.50. Fulltech Fiber Glass's Cyclically Adjusted Price-to-FCF of today is 55.80.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fulltech Fiber Glass was 99.63. The lowest was 13.30. And the median was 37.07.


Fulltech Fiber Glass Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fulltech Fiber Glass'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.

Fulltech Fiber Glass Cyclically Adjusted FCF per Share Chart

Fulltech Fiber Glass 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 -0.25 0.15 0.38 0.87 0.64

Fulltech Fiber Glass 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 0.86 0.78 0.72 0.64 0.50

Competitive Comparison of Fulltech Fiber Glass's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Fulltech Fiber Glass'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.


Fulltech Fiber Glass's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fulltech Fiber Glass's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fulltech Fiber Glass's Cyclically Adjusted Price-to-FCF falls into.



Fulltech Fiber Glass 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, Fulltech Fiber Glass'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)
=-0.588/131.7762*131.7762
=-0.588

Current CPI (Mar. 2024) = 131.7762.

Fulltech Fiber Glass Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.333 100.560 0.436
201409 0.486 100.428 0.638
201412 0.106 99.070 0.141
201503 0.223 99.621 0.295
201506 0.386 100.684 0.505
201509 0.457 100.392 0.600
201512 0.830 99.792 1.096
201603 0.672 100.470 0.881
201606 0.461 101.688 0.597
201609 0.446 101.861 0.577
201612 0.193 101.863 0.250
201703 0.373 102.862 0.478
201706 0.622 103.349 0.793
201709 0.026 104.136 0.033
201712 -1.383 104.011 -1.752
201803 -0.287 105.290 -0.359
201806 -0.149 106.317 -0.185
201809 0.094 106.507 0.116
201812 -0.235 105.998 -0.292
201903 -0.304 107.251 -0.374
201906 -0.480 108.070 -0.585
201909 -0.677 108.329 -0.824
201912 -0.471 108.420 -0.572
202003 -0.372 108.902 -0.450
202006 0.178 108.767 0.216
202009 -0.399 109.815 -0.479
202012 0.085 109.897 0.102
202103 0.405 111.754 0.478
202106 0.640 114.631 0.736
202109 0.448 115.734 0.510
202112 0.456 117.630 0.511
202203 0.793 121.301 0.861
202206 1.058 125.017 1.115
202209 0.602 125.227 0.633
202212 0.148 125.222 0.156
202303 -0.373 127.348 -0.386
202306 -0.130 128.729 -0.133
202309 -0.361 129.860 -0.366
202312 -0.359 129.419 -0.366
202403 -0.588 131.776 -0.588

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


Fulltech Fiber Glass  (ROCO:1815) 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.

Fulltech Fiber Glass's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.90/0.5
=55.80

* 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 Fulltech Fiber Glass was 99.63. The lowest was 13.30. And the median was 37.07.


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.


Fulltech Fiber Glass Cyclically Adjusted FCF per Share Related Terms

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


Fulltech Fiber Glass (ROCO:1815) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 216, Dunhua South Road, Section 2, 28th Floor, Taipei, TWN
Fulltech Fiber Glass Corp is a company. It is engaged in the manufacturing and distribution of fiber glass yarns and fiber glass cloth. It provides electronic-grade fiber glass yarns, industrial fiber glass yarns and electronic-grade glass fiber cloth.

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