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Rich Circle Development Co (ROCO:6198) Cyclically Adjusted FCF per Share : NT$-7.43 (As of Mar. 2024)


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What is Rich Circle Development 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.

Rich Circle Development Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-23.778. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-7.43 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -39.90% 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 Rich Circle Development Co was -14.30% per year. The lowest was -39.90% per year. And the median was -27.10% per year.

As of today (2024-06-07), Rich Circle Development Co's current stock price is NT$64.60. Rich Circle Development Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-7.43. Rich Circle Development Co's Cyclically Adjusted Price-to-FCF of today is .


Rich Circle Development Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Rich Circle Development 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.

Rich Circle Development Co Cyclically Adjusted FCF per Share Chart

Rich Circle Development 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 -2.21 -1.91 -1.65 -3.30 -5.23

Rich Circle Development 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 -3.02 -3.03 -3.50 -5.23 -7.43

Competitive Comparison of Rich Circle Development Co's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Rich Circle Development 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.


Rich Circle Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

* The bar in red indicates where Rich Circle Development Co's Cyclically Adjusted Price-to-FCF falls into.



Rich Circle Development 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, Rich Circle Development 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)
=-23.778/131.7762*131.7762
=-23.778

Current CPI (Mar. 2024) = 131.7762.

Rich Circle Development Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.372 100.560 0.487
201409 -0.494 100.428 -0.648
201412 -0.615 99.070 -0.818
201503 -2.140 99.621 -2.831
201506 0.358 100.684 0.469
201509 -0.427 100.392 -0.560
201512 -1.062 99.792 -1.402
201603 -1.794 100.470 -2.353
201606 -1.208 101.688 -1.565
201609 -1.635 101.861 -2.115
201612 -0.245 101.863 -0.317
201703 -1.157 102.862 -1.482
201706 1.647 103.349 2.100
201709 1.603 104.136 2.028
201712 -1.645 104.011 -2.084
201803 0.256 105.290 0.320
201806 0.134 106.317 0.166
201809 -0.780 106.507 -0.965
201812 1.105 105.998 1.374
201903 -0.507 107.251 -0.623
201906 -0.664 108.070 -0.810
201909 0.005 108.329 0.006
201912 -0.461 108.420 -0.560
202003 -0.230 108.902 -0.278
202006 -0.194 108.767 -0.235
202009 -0.364 109.815 -0.437
202012 0.637 109.897 0.764
202103 0.118 111.754 0.139
202106 -0.160 114.631 -0.184
202109 0.010 115.734 0.011
202112 -1.730 117.630 -1.938
202203 -2.800 121.301 -3.042
202206 -1.325 125.017 -1.397
202209 -8.152 125.227 -8.578
202212 0.351 125.222 0.369
202303 0.857 127.348 0.887
202306 0.839 128.729 0.859
202309 -6.460 129.860 -6.555
202312 -18.401 129.419 -18.736
202403 -23.778 131.776 -23.778

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


Rich Circle Development Co  (ROCO:6198) 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.


Rich Circle Development Co Cyclically Adjusted FCF per Share Related Terms

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


Rich Circle Development Co (ROCO:6198) Business Description

Traded in Other Exchanges
N/A
Address
7F-2, No.2 Lane 258, Rui Guang Road, Taiepi, TWN
Rich Circle Development Co Ltd formerly AverLogic Technologies Inc is a Taiwan based semiconductor company, engaged in the design and manufacture of application specific memory and the video processing circuit. It offers a wide range of products that include video frame buffers, video decoders, LCD display controllers, format converters and highly integrated video processors.

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