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Chung Hwa Chemical Industrial Works (TPE:1727) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Chung Hwa Chemical Industrial Works Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chung Hwa Chemical Industrial Works Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chung Hwa Chemical Industrial Works'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.

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Chung Hwa Chemical Industrial Works Cyclically Adjusted Price-to-FCF Chart

Chung Hwa Chemical Industrial Works 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 - 86.27 151.16 191.72 -

Chung Hwa Chemical Industrial Works 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 185.30 302.60 - - -

Competitive Comparison of Chung Hwa Chemical Industrial Works's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Chung Hwa Chemical Industrial Works'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.


Chung Hwa Chemical Industrial Works's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chung Hwa Chemical Industrial Works's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chung Hwa Chemical Industrial Works's Cyclically Adjusted Price-to-FCF falls into.



Chung Hwa Chemical Industrial Works 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.

Chung Hwa Chemical Industrial Works's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Chung Hwa Chemical Industrial Works'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)
=-0.349/131.7762*131.7762
=-0.349

Current CPI (Mar. 2024) = 131.7762.

Chung Hwa Chemical Industrial Works Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.583 100.560 -0.764
201409 -0.463 100.428 -0.608
201412 -0.381 99.070 -0.507
201503 0.185 99.621 0.245
201506 0.224 100.684 0.293
201509 -0.030 100.392 -0.039
201512 0.419 99.792 0.553
201603 0.104 100.470 0.136
201606 -0.703 101.688 -0.911
201609 0.381 101.861 0.493
201612 -0.627 101.863 -0.811
201703 0.191 102.862 0.245
201706 -0.360 103.349 -0.459
201709 0.176 104.136 0.223
201712 -0.783 104.011 -0.992
201803 1.012 105.290 1.267
201806 -0.347 106.317 -0.430
201809 -0.049 106.507 -0.061
201812 -0.044 105.998 -0.055
201903 0.182 107.251 0.224
201906 -0.471 108.070 -0.574
201909 -0.184 108.329 -0.224
201912 0.353 108.420 0.429
202003 0.377 108.902 0.456
202006 -0.379 108.767 -0.459
202009 0.520 109.815 0.624
202012 1.005 109.897 1.205
202103 0.943 111.754 1.112
202106 0.018 114.631 0.021
202109 0.343 115.734 0.391
202112 -0.140 117.630 -0.157
202203 -0.146 121.301 -0.159
202206 -1.139 125.017 -1.201
202209 -0.527 125.227 -0.555
202212 0.523 125.222 0.550
202303 0.292 127.348 0.302
202306 -0.028 128.729 -0.029
202309 -0.259 129.860 -0.263
202312 -0.731 129.419 -0.744
202403 -0.349 131.776 -0.349

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.


Chung Hwa Chemical Industrial Works  (TPE:1727) 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.


Chung Hwa Chemical Industrial Works Cyclically Adjusted Price-to-FCF Related Terms

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Chung Hwa Chemical Industrial Works (TPE:1727) Business Description

Traded in Other Exchanges
N/A
Address
No. 15 Industrial Road, Guanyin District, Taoyuan, TWN
Chung Hwa Chemical Industrial Works Ltd operates as a chemical manufacturer. The products categories offered by the company include basic chemicals, special chemical products, biomass chemicals, alkali, sulfonated monomers, thermal paper material, and surfactant surface active agents.

Chung Hwa Chemical Industrial Works (TPE:1727) Headlines

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