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RDC Semiconductor Co (ROCO:3228) Cyclically Adjusted FCF per Share : NT$-0.29 (As of Mar. 2024)


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What is RDC Semiconductor 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.

RDC Semiconductor Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.607. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.29 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.10% 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 RDC Semiconductor Co was 26.50% per year. The lowest was -9.10% per year. And the median was 8.70% per year.

As of today (2024-05-19), RDC Semiconductor Co's current stock price is NT$378.50. RDC Semiconductor Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-0.29. RDC Semiconductor Co's Cyclically Adjusted Price-to-FCF of today is .


RDC Semiconductor Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RDC Semiconductor 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.

RDC Semiconductor Co Cyclically Adjusted FCF per Share Chart

RDC Semiconductor 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 -0.58 -0.30 -0.21 -0.23 -0.39

RDC Semiconductor 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 -0.27 -0.29 -0.33 -0.39 -0.29

Competitive Comparison of RDC Semiconductor Co's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, RDC Semiconductor 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.


RDC Semiconductor Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, RDC Semiconductor Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



RDC Semiconductor 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, RDC Semiconductor 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)
=0.607/131.7762*131.7762
=0.607

Current CPI (Mar. 2024) = 131.7762.

RDC Semiconductor Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.209 100.560 0.274
201409 -0.583 100.428 -0.765
201412 -0.279 99.070 -0.371
201503 -0.760 99.621 -1.005
201506 0.418 100.684 0.547
201509 -0.645 100.392 -0.847
201512 0.402 99.792 0.531
201603 -0.610 100.470 -0.800
201606 -0.260 101.688 -0.337
201609 -0.031 101.861 -0.040
201612 0.327 101.863 0.423
201703 -0.090 102.862 -0.115
201706 -0.193 103.349 -0.246
201709 0.047 104.136 0.059
201712 -0.267 104.011 -0.338
201803 0.172 105.290 0.215
201806 0.605 106.317 0.750
201809 -0.062 106.507 -0.077
201812 0.110 105.998 0.137
201903 -0.160 107.251 -0.197
201906 0.003 108.070 0.004
201909 -0.229 108.329 -0.279
201912 -0.053 108.420 -0.064
202003 0.149 108.902 0.180
202006 -0.130 108.767 -0.158
202009 0.881 109.815 1.057
202012 1.226 109.897 1.470
202103 0.893 111.754 1.053
202106 -1.073 114.631 -1.233
202109 -0.895 115.734 -1.019
202112 0.689 117.630 0.772
202203 0.684 121.301 0.743
202206 -0.211 125.017 -0.222
202209 -0.078 125.227 -0.082
202212 -1.343 125.222 -1.413
202303 -1.236 127.348 -1.279
202306 -0.186 128.729 -0.190
202309 0.041 129.860 0.042
202312 -0.634 129.419 -0.646
202403 0.607 131.776 0.607

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


RDC Semiconductor Co  (ROCO:3228) 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.


RDC Semiconductor Co Cyclically Adjusted FCF per Share Related Terms

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RDC Semiconductor Co (ROCO:3228) Business Description

Traded in Other Exchanges
N/A
Address
6F-1, No.2-1, Li-Hsin Road, Hsinchu Science Park, Hsinchu, TWN, 30078
RDC Semiconductor Co Ltd is a fabless IC design company. It provides microcontroller unit (MCU) chips, network processor system on chips (SoCs) & also offers design services of special application integrated circuits (ICs) for industrial computers.

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