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Chicony Electronics Co (TPE:2385) Cyclically Adjusted FCF per Share : NT$10.82 (As of Mar. 2024)


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What is Chicony Electronics 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.

Chicony Electronics Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.213. 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$10.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chicony Electronics Co's average Cyclically Adjusted FCF Growth Rate was 11.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.10% 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 Chicony Electronics Co was 17.10% per year. The lowest was 14.20% per year. And the median was 15.65% per year.

As of today (2024-05-26), Chicony Electronics Co's current stock price is NT$190.50. Chicony Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$10.82. Chicony Electronics Co's Cyclically Adjusted Price-to-FCF of today is 17.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chicony Electronics Co was 22.69. The lowest was 9.43. And the median was 12.66.


Chicony Electronics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Chicony Electronics 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.

Chicony Electronics Co Cyclically Adjusted FCF per Share Chart

Chicony Electronics 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 6.04 6.60 7.23 8.99 10.60

Chicony Electronics 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 9.73 10.32 10.90 10.60 10.82

Competitive Comparison of Chicony Electronics Co's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Chicony Electronics 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.


Chicony Electronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chicony Electronics Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Chicony Electronics 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, Chicony Electronics 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)
=1.213/131.7762*131.7762
=1.213

Current CPI (Mar. 2024) = 131.7762.

Chicony Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.587 100.560 -0.769
201409 1.947 100.428 2.555
201412 2.487 99.070 3.308
201503 -1.705 99.621 -2.255
201506 -1.333 100.684 -1.745
201509 6.257 100.392 8.213
201512 4.654 99.792 6.146
201603 -1.328 100.470 -1.742
201606 -0.281 101.688 -0.364
201609 6.026 101.861 7.796
201612 3.253 101.863 4.208
201703 -0.424 102.862 -0.543
201706 -1.156 103.349 -1.474
201709 2.573 104.136 3.256
201712 4.592 104.011 5.818
201803 -1.692 105.290 -2.118
201806 -2.970 106.317 -3.681
201809 5.259 106.507 6.507
201812 5.456 105.998 6.783
201903 -2.289 107.251 -2.812
201906 0.250 108.070 0.305
201909 7.271 108.329 8.845
201912 6.118 108.420 7.436
202003 1.237 108.902 1.497
202006 -2.892 108.767 -3.504
202009 6.357 109.815 7.628
202012 2.236 109.897 2.681
202103 3.501 111.754 4.128
202106 -3.234 114.631 -3.718
202109 0.521 115.734 0.593
202112 0.731 117.630 0.819
202203 4.774 121.301 5.186
202206 -0.620 125.017 -0.654
202209 6.286 125.227 6.615
202212 9.638 125.222 10.142
202303 4.277 127.348 4.426
202306 5.324 128.729 5.450
202309 6.348 129.860 6.442
202312 5.497 129.419 5.597
202403 1.213 131.776 1.213

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


Chicony Electronics Co  (TPE:2385) 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.

Chicony Electronics Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=190.50/10.82
=17.61

* 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 Chicony Electronics Co was 22.69. The lowest was 9.43. And the median was 12.66.


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.


Chicony Electronics Co Cyclically Adjusted FCF per Share Related Terms

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


Chicony Electronics Co (TPE:2385) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 69, Guangfu Road, Section 2, Sanchong District, New Taipei, TWN, 24158
Chicony Electronics Co Ltd is engaged in the manufacturing and sales of keyboards and other computer peripheral components. The company has manufacturing bases in Suzhou, Dongguan, Chongqing in China and in the Czech Republic. The company also has branches in the United States and Japan. Its business centers around the manufacture of computer peripheral products and video-image products. The four major product lines are input devices, portable keyboard modules, visual and image products as well as camera lens modules, keyboards, Internet cameras and Notebook camera modules. The sales of sports video-recorders and external tablet keyboards have also been growing.

Chicony Electronics Co (TPE:2385) Headlines

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