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Topview Optronics (ROCO:6556) Cyclically Adjusted Price-to-FCF : 111.65 (As of Jun. 11, 2024)


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What is Topview Optronics Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Topview Optronics's current share price is NT$115.00. Topview Optronics's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was NT$1.03. Topview Optronics's Cyclically Adjusted Price-to-FCF for today is 111.65.

The historical rank and industry rank for Topview Optronics's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ROCO:6556' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 80.49   Med: 82.82   Max: 109.94
Current: 109.94

During the past 11 years, Topview Optronics's highest Cyclically Adjusted Price-to-FCF was 109.94. The lowest was 80.49. And the median was 82.82.

ROCO:6556's Cyclically Adjusted Price-to-FCF is ranked worse than
92.14% of 369 companies
in the Business Services industry
Industry Median: 18.07 vs ROCO:6556: 109.94

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.

Topview Optronics's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was NT$14.763. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is NT$1.03 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Topview Optronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Topview Optronics's Cyclically Adjusted Price-to-FCF 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.

Topview Optronics Cyclically Adjusted Price-to-FCF Chart

Topview Optronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 85.81

Topview Optronics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 - - - 85.81 -

Competitive Comparison of Topview Optronics's Cyclically Adjusted Price-to-FCF

For the Security & Protection Services subindustry, Topview Optronics'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.


Topview Optronics's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Topview Optronics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Topview Optronics Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Topview Optronics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=115.00/1.03
=111.65

* 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.

Topview Optronics's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Topview Optronics's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=14.763/129.4194*129.4194
=14.763

Current CPI (Dec23) = 129.4194.

Topview Optronics Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -12.798 99.070 -16.719
201512 4.591 99.792 5.954
201612 5.294 101.863 6.726
201712 -7.614 104.011 -9.474
201812 -3.632 105.998 -4.435
201912 2.193 108.420 2.618
202012 5.453 109.897 6.422
202112 -2.818 117.630 -3.100
202212 7.279 125.222 7.523
202312 14.763 129.419 14.763

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


Topview Optronics  (ROCO:6556) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Topview Optronics Cyclically Adjusted Price-to-FCF Related Terms

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


Topview Optronics (ROCO:6556) Business Description

Traded in Other Exchanges
N/A
Address
Number 10, Dacheng Road, Taoyuan District, Taoyuan, TWN, 33068
Topview Optronics Corp is involved in the manufacturing, trading, import and export of security monitors. Its products are IP cameras of 1,2,3-megapixel, speed dome, and accessories such as bracket.

Topview Optronics (ROCO:6556) Headlines

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