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Eslite Spectrum (ROCO:2926) Cyclically Adjusted FCF per Share : NT$18.15 (As of Mar. 2024)


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What is Eslite Spectrum 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.

Eslite Spectrum's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-5.982. 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$18.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eslite Spectrum's average Cyclically Adjusted FCF Growth Rate was 15.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.60% 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 Eslite Spectrum was 17.60% per year. The lowest was 17.60% per year. And the median was 17.60% per year.

As of today (2024-06-09), Eslite Spectrum's current stock price is NT$59.60. Eslite Spectrum's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$18.15. Eslite Spectrum's Cyclically Adjusted Price-to-FCF of today is 3.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eslite Spectrum was 9.02. The lowest was 2.84. And the median was 4.17.


Eslite Spectrum Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Eslite Spectrum'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.

Eslite Spectrum Cyclically Adjusted FCF per Share Chart

Eslite Spectrum 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 - 11.22 13.25 15.09 18.23

Eslite Spectrum 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 15.71 16.29 16.82 18.23 18.15

Competitive Comparison of Eslite Spectrum's Cyclically Adjusted FCF per Share

For the Department Stores subindustry, Eslite Spectrum'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.


Eslite Spectrum's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



Eslite Spectrum 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, Eslite Spectrum'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)
=-5.982/131.7762*131.7762
=-5.982

Current CPI (Mar. 2024) = 131.7762.

Eslite Spectrum Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.717 100.560 0.940
201409 0.838 100.428 1.100
201412 8.038 99.070 10.692
201503 -2.072 99.621 -2.741
201506 0.560 100.684 0.733
201509 3.079 100.392 4.042
201512 5.172 99.792 6.830
201603 -3.907 100.470 -5.124
201606 1.408 101.688 1.825
201609 3.014 101.861 3.899
201612 9.910 101.863 12.820
201703 -5.535 102.862 -7.091
201706 3.113 103.349 3.969
201709 4.063 104.136 5.141
201712 9.509 104.011 12.047
201803 -4.613 105.290 -5.773
201806 5.557 106.317 6.888
201809 0.026 106.507 0.032
201812 5.142 105.998 6.393
201903 6.824 107.251 8.384
201906 8.896 108.070 10.847
201909 7.044 108.329 8.569
201912 7.458 108.420 9.065
202003 -6.889 108.902 -8.336
202006 11.106 108.767 13.455
202009 8.554 109.815 10.265
202012 8.474 109.897 10.161
202103 3.815 111.754 4.498
202106 -4.298 114.631 -4.941
202109 10.566 115.734 12.031
202112 14.023 117.630 15.709
202203 -0.575 121.301 -0.625
202206 -3.933 125.017 -4.146
202209 13.931 125.227 14.660
202212 12.400 125.222 13.049
202303 3.035 127.348 3.141
202306 -0.247 128.729 -0.253
202309 2.376 129.860 2.411
202312 12.713 129.419 12.945
202403 -5.982 131.776 -5.982

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


Eslite Spectrum  (ROCO:2926) 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.

Eslite Spectrum's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=59.60/18.15
=3.28

* 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 Eslite Spectrum was 9.02. The lowest was 2.84. And the median was 4.17.


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.


Eslite Spectrum Cyclically Adjusted FCF per Share Related Terms

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


Eslite Spectrum (ROCO:2926) Business Description

Traded in Other Exchanges
N/A
Address
B1, No. 204, Section 3, Sungte Road, Xinyi District, Taipei, TWN, 11075
Eslite Spectrum Corp is engaged in channels of cultural and creative industry, operation entrustment and management counselling services of department stores, trading and import of appliances and equipment for hotel use, trading and installation of appliances and equipment for kitchen use, import agency and retail of foods, as well as the operation of cafes and restaurants, and others. Its businesses involve the Omni-channel development business and the Hospitality business.

Eslite Spectrum (ROCO:2926) Headlines

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