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Zimmite Taiwan (ROCO:8435) Cyclically Adjusted FCF per Share : NT$4.64 (As of Mar. 2024)


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What is Zimmite Taiwan 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.

Zimmite Taiwan's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.459. 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$4.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Zimmite Taiwan's average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.80% 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 Zimmite Taiwan was 2.80% per year. The lowest was 2.80% per year. And the median was 2.80% per year.

As of today (2024-06-12), Zimmite Taiwan's current stock price is NT$70.70. Zimmite Taiwan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$4.64. Zimmite Taiwan's Cyclically Adjusted Price-to-FCF of today is 15.24.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Zimmite Taiwan was 16.99. The lowest was 12.05. And the median was 13.47.


Zimmite Taiwan Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Zimmite Taiwan'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.

Zimmite Taiwan Cyclically Adjusted FCF per Share Chart

Zimmite Taiwan 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 - 4.16 4.49 4.43 4.52

Zimmite Taiwan 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 4.45 4.47 4.63 4.52 4.64

Competitive Comparison of Zimmite Taiwan's Cyclically Adjusted FCF per Share

For the Chemicals subindustry, Zimmite Taiwan'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.


Zimmite Taiwan's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zimmite Taiwan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zimmite Taiwan 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, Zimmite Taiwan'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)
=0.459/131.7762*131.7762
=0.459

Current CPI (Mar. 2024) = 131.7762.

Zimmite Taiwan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.091 100.560 1.430
201409 0.735 100.428 0.964
201412 1.093 99.070 1.454
201503 -0.555 99.621 -0.734
201506 0.925 100.684 1.211
201509 0.929 100.392 1.219
201512 1.814 99.792 2.395
201603 -1.131 100.470 -1.483
201606 0.746 101.688 0.967
201609 1.235 101.861 1.598
201612 1.874 101.863 2.424
201703 -0.809 102.862 -1.036
201706 1.270 103.349 1.619
201709 1.395 104.136 1.765
201712 2.103 104.011 2.664
201803 -1.019 105.290 -1.275
201806 2.416 106.317 2.995
201809 2.290 106.507 2.833
201812 1.458 105.998 1.813
201903 1.008 107.251 1.239
201906 1.534 108.070 1.871
201909 0.741 108.329 0.901
201912 1.284 108.420 1.561
202003 -0.399 108.902 -0.483
202006 1.236 108.767 1.497
202009 1.153 109.815 1.384
202012 1.941 109.897 2.327
202103 -0.002 111.754 -0.002
202106 1.722 114.631 1.980
202109 1.527 115.734 1.739
202112 1.561 117.630 1.749
202203 -0.321 121.301 -0.349
202206 0.959 125.017 1.011
202209 1.113 125.227 1.171
202212 2.210 125.222 2.326
202303 -1.077 127.348 -1.114
202306 1.011 128.729 1.035
202309 2.241 129.860 2.274
202312 1.019 129.419 1.038
202403 0.459 131.776 0.459

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


Zimmite Taiwan  (ROCO:8435) 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.

Zimmite Taiwan's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=70.70/4.64
=15.24

* 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 Zimmite Taiwan was 16.99. The lowest was 12.05. And the median was 13.47.


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.


Zimmite Taiwan Cyclically Adjusted FCF per Share Related Terms

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


Zimmite Taiwan (ROCO:8435) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.77, Sec. 1, Xintai 5th Road, 5F-4, New Taipei City, TWN, 22101
Zimmite Taiwan Ltd is a Taiwan based company engaged in industrial water treatment business. It provides a comprehensive water treatment program, diagnostics, and specialty formulas. The company offered services include the production of proprietary and custom formulas, product development, after-sale product support and full technical support of industrial water treatment. The company serves a broad range of customers, including oil refineries and petrochemicals production plants, power generation plants, textile manufacturing processes, public facilities and others.

Zimmite Taiwan (ROCO:8435) Headlines

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