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King's Town Construction Co (TPE:2524) Cyclically Adjusted FCF per Share : NT$-0.62 (As of Mar. 2024)


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What is King's Town Construction 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.

King's Town Construction Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.812. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.62 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 King's Town Construction Co was 39.90% per year. The lowest was 24.50% per year. And the median was 32.20% per year.

As of today (2024-06-03), King's Town Construction Co's current stock price is NT$53.60. King's Town Construction Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-0.62. King's Town Construction Co's Cyclically Adjusted Price-to-FCF of today is .


King's Town Construction Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for King's Town Construction 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.

King's Town Construction Co Cyclically Adjusted FCF per Share Chart

King's Town Construction 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 -4.21 -3.22 -2.32 -1.81 -0.70

King's Town Construction 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 -1.84 -0.59 -0.79 -0.70 -0.62

Competitive Comparison of King's Town Construction Co's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, King's Town Construction 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.


King's Town Construction Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, King's Town Construction Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where King's Town Construction Co's Cyclically Adjusted Price-to-FCF falls into.



King's Town Construction 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, King's Town Construction 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)
=0.812/131.7762*131.7762
=0.812

Current CPI (Mar. 2024) = 131.7762.

King's Town Construction Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.764 100.560 -2.312
201409 -1.904 100.428 -2.498
201412 -2.471 99.070 -3.287
201503 -0.453 99.621 -0.599
201506 -1.376 100.684 -1.801
201509 -0.232 100.392 -0.305
201512 -1.507 99.792 -1.990
201603 -0.664 100.470 -0.871
201606 -0.924 101.688 -1.197
201609 0.237 101.861 0.307
201612 0.272 101.863 0.352
201703 -2.170 102.862 -2.780
201706 -1.078 103.349 -1.375
201709 0.728 104.136 0.921
201712 0.744 104.011 0.943
201803 0.929 105.290 1.163
201806 -1.205 106.317 -1.494
201809 0.296 106.507 0.366
201812 -1.073 105.998 -1.334
201903 1.212 107.251 1.489
201906 -0.134 108.070 -0.163
201909 -2.014 108.329 -2.450
201912 1.029 108.420 1.251
202003 3.376 108.902 4.085
202006 3.447 108.767 4.176
202009 4.863 109.815 5.836
202012 1.904 109.897 2.283
202103 1.485 111.754 1.751
202106 -0.422 114.631 -0.485
202109 -0.010 115.734 -0.011
202112 -1.484 117.630 -1.662
202203 1.174 121.301 1.275
202206 -2.431 125.017 -2.562
202209 -0.237 125.227 -0.249
202212 -0.148 125.222 -0.156
202303 -1.044 127.348 -1.080
202306 -1.325 128.729 -1.356
202309 -0.336 129.860 -0.341
202312 -0.859 129.419 -0.875
202403 0.812 131.776 0.812

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


King's Town Construction Co  (TPE:2524) 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.


King's Town Construction Co Cyclically Adjusted FCF per Share Related Terms

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


King's Town Construction Co (TPE:2524) Business Description

Traded in Other Exchanges
N/A
Address
16th Floor, No. 150, Bo'ai 2nd Road, Zuoying District, Kaohsiung, TWN, 813
King's Town Construction Co Ltd is a Taiwan-based real estate company. The company is mainly engaged in residential, building development, lease, and sale, development of specific professional areas, zoning, and rezoning agency business, and tourist and hotel business.

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