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Concrad International Securities Co (ROCO:5864) Cyclically Adjusted FCF per Share : NT$-0.20 (As of Mar. 2024)


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What is Concrad International Securities 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.

Concrad International Securities Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.240. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Concrad International Securities Co's average Cyclically Adjusted FCF Growth Rate was -500.00% 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.

As of today (2024-06-10), Concrad International Securities Co's current stock price is NT$22.05. Concrad International Securities Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-0.20. Concrad International Securities Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Concrad International Securities Co was 497.84. The lowest was 27.40. And the median was 270.41.


Concrad International Securities Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Concrad International Securities 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.

Concrad International Securities Co Cyclically Adjusted FCF per Share Chart

Concrad International Securities 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 - - - 0.35 -0.16

Concrad International Securities 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 0.05 -0.02 - -0.16 -0.20

Competitive Comparison of Concrad International Securities Co's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, Concrad International Securities 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.


Concrad International Securities Co's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Concrad International Securities Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Concrad International Securities Co's Cyclically Adjusted Price-to-FCF falls into.



Concrad International Securities 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, Concrad International Securities 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)
=-0.24/131.7762*131.7762
=-0.240

Current CPI (Mar. 2024) = 131.7762.

Concrad International Securities Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201206 0.000 96.819 0.000
201212 0.000 96.871 0.000
201306 0.000 98.518 0.000
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201506 0.000 100.684 0.000
201512 0.000 99.792 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 0.000 101.863 0.000
201703 -0.737 102.862 -0.944
201706 -0.285 103.349 -0.363
201709 0.381 104.136 0.482
201712 -0.339 104.011 -0.429
201803 -0.545 105.290 -0.682
201806 -1.407 106.317 -1.744
201809 2.116 106.507 2.618
201812 0.955 105.998 1.187
201903 0.069 107.251 0.085
201906 0.458 108.070 0.558
201909 -0.296 108.329 -0.360
201912 0.006 108.420 0.007
202003 1.260 108.902 1.525
202006 -0.729 108.767 -0.883
202009 -0.886 109.815 -1.063
202012 -0.541 109.897 -0.649
202103 -0.663 111.754 -0.782
202106 -0.974 114.631 -1.120
202109 -0.339 115.734 -0.386
202112 -0.028 117.630 -0.031
202203 0.379 121.301 0.412
202206 1.946 125.017 2.051
202209 1.772 125.227 1.865
202212 0.806 125.222 0.848
202303 -1.798 127.348 -1.861
202306 -0.493 128.729 -0.505
202309 0.157 129.860 0.159
202312 -1.150 129.419 -1.171
202403 -0.240 131.776 -0.240

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


Concrad International Securities Co  (ROCO:5864) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Concrad International Securities Co was 497.84. The lowest was 27.40. And the median was 270.41.


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.


Concrad International Securities Co Cyclically Adjusted FCF per Share Related Terms

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Concrad International Securities Co (ROCO:5864) Business Description

Traded in Other Exchanges
N/A
Address
No.10, Section 3, Simen Road, North District, Tainan, TWN, 704004
Concrad International Securities Co Ltd is engaged in providing security brokerage services. The company provides proprietary trading and underwriting services. The company operates in Brokerage business, Self-employed business and Underwriting business. Majority of revenue is generated from Brokerage business.

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