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Wellell (TPE:4106) Cyclically Adjusted FCF per Share : NT$1.80 (As of Mar. 2024)


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What is Wellell 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.

Wellell's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.034. 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$1.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wellell's average Cyclically Adjusted FCF Growth Rate was 13.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.10% 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 Wellell was -3.10% per year. The lowest was -7.00% per year. And the median was -5.05% per year.

As of today (2024-06-01), Wellell's current stock price is NT$28.20. Wellell's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.80. Wellell's Cyclically Adjusted Price-to-FCF of today is 15.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wellell was 24.12. The lowest was 8.30. And the median was 15.11.


Wellell Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Wellell'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.

Wellell Cyclically Adjusted FCF per Share Chart

Wellell 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 2.09 2.10 1.80 1.68 1.91

Wellell 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 1.59 1.59 1.83 1.91 1.80

Competitive Comparison of Wellell's Cyclically Adjusted FCF per Share

For the Medical Devices subindustry, Wellell'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.


Wellell's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Wellell's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Wellell 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, Wellell'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)
=-1.034/131.7762*131.7762
=-1.034

Current CPI (Mar. 2024) = 131.7762.

Wellell Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.287 100.560 1.687
201409 0.062 100.428 0.081
201412 0.510 99.070 0.678
201503 0.643 99.621 0.851
201506 0.741 100.684 0.970
201509 0.916 100.392 1.202
201512 0.579 99.792 0.765
201603 -0.042 100.470 -0.055
201606 1.116 101.688 1.446
201609 0.468 101.861 0.605
201612 0.522 101.863 0.675
201703 -0.013 102.862 -0.017
201706 -0.149 103.349 -0.190
201709 0.173 104.136 0.219
201712 1.671 104.011 2.117
201803 -0.264 105.290 -0.330
201806 0.717 106.317 0.889
201809 0.092 106.507 0.114
201812 -0.904 105.998 -1.124
201903 0.430 107.251 0.528
201906 -0.086 108.070 -0.105
201909 0.147 108.329 0.179
201912 0.860 108.420 1.045
202003 0.409 108.902 0.495
202006 0.130 108.767 0.158
202009 1.512 109.815 1.814
202012 0.201 109.897 0.241
202103 -0.370 111.754 -0.436
202106 -0.196 114.631 -0.225
202109 -0.641 115.734 -0.730
202112 0.753 117.630 0.844
202203 -0.590 121.301 -0.641
202206 -0.226 125.017 -0.238
202209 0.067 125.227 0.071
202212 1.082 125.222 1.139
202303 0.723 127.348 0.748
202306 0.325 128.729 0.333
202309 1.678 129.860 1.703
202312 1.471 129.419 1.498
202403 -1.034 131.776 -1.034

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


Wellell  (TPE:4106) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=28.20/1.8
=15.67

* 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 Wellell was 24.12. The lowest was 8.30. And the median was 15.11.


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.


Wellell Cyclically Adjusted FCF per Share Related Terms

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


Wellell (TPE:4106) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Min Sheng Street, Tucheng District, Taipei, TWN, 23679
Wellell Inc engages in the manufacturing and sale of medical supplies, import, and export as well as agency services. It provides medical solutions for post-acute care and acute care. The company's products include pressure area care, support surfaces, respiratory therapy, compression therapy, and digital health.

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