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Tung Ho Steel Enterprise (TPE:2006) Cyclically Adjusted Price-to-FCF : 28.20 (As of Jun. 06, 2024)


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What is Tung Ho Steel Enterprise Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Tung Ho Steel Enterprise's current share price is NT$68.80. Tung Ho Steel Enterprise's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.44. Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF for today is 28.20.

The historical rank and industry rank for Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:2006' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.96   Med: 30.03   Max: 153.47
Current: 28.27

During the past years, Tung Ho Steel Enterprise's highest Cyclically Adjusted Price-to-FCF was 153.47. The lowest was 20.96. And the median was 30.03.

TPE:2006's Cyclically Adjusted Price-to-FCF is ranked worse than
74.16% of 267 companies
in the Steel industry
Industry Median: 13.35 vs TPE:2006: 28.27

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.

Tung Ho Steel Enterprise's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$1.100. 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$2.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tung Ho Steel Enterprise Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise Cyclically Adjusted Price-to-FCF Chart

Tung Ho Steel Enterprise 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 69.18 26.04 31.63 21.12 28.41

Tung Ho Steel Enterprise 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 21.06 25.67 24.52 28.41 28.31

Competitive Comparison of Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Tung Ho Steel Enterprise'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.


Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF falls into.



Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=68.80/2.44
=28.20

* 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.

Tung Ho Steel Enterprise's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tung Ho Steel Enterprise'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)
=1.1/131.7762*131.7762
=1.100

Current CPI (Mar. 2024) = 131.7762.

Tung Ho Steel Enterprise Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.466 100.560 1.921
201409 0.560 100.428 0.735
201412 0.592 99.070 0.787
201503 1.046 99.621 1.384
201506 0.913 100.684 1.195
201509 1.644 100.392 2.158
201512 3.342 99.792 4.413
201603 1.417 100.470 1.859
201606 -0.147 101.688 -0.190
201609 -0.570 101.861 -0.737
201612 0.925 101.863 1.197
201703 -1.110 102.862 -1.422
201706 -1.732 103.349 -2.208
201709 -2.246 104.136 -2.842
201712 -0.456 104.011 -0.578
201803 -2.129 105.290 -2.665
201806 -1.986 106.317 -2.462
201809 -1.087 106.507 -1.345
201812 -5.036 105.998 -6.261
201903 1.913 107.251 2.350
201906 -0.380 108.070 -0.463
201909 0.484 108.329 0.589
201912 2.273 108.420 2.763
202003 -0.200 108.902 -0.242
202006 3.704 108.767 4.488
202009 4.186 109.815 5.023
202012 4.625 109.897 5.546
202103 -1.450 111.754 -1.710
202106 -1.026 114.631 -1.179
202109 -0.356 115.734 -0.405
202112 0.588 117.630 0.659
202203 2.875 121.301 3.123
202206 -1.795 125.017 -1.892
202209 -0.487 125.227 -0.512
202212 4.528 125.222 4.765
202303 2.352 127.348 2.434
202306 -0.282 128.729 -0.289
202309 2.106 129.860 2.137
202312 1.202 129.419 1.224
202403 1.100 131.776 1.100

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.


Tung Ho Steel Enterprise  (TPE:2006) 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.


Tung Ho Steel Enterprise Cyclically Adjusted Price-to-FCF Related Terms

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Tung Ho Steel Enterprise (TPE:2006) Business Description

Traded in Other Exchanges
N/A
Address
Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (TPE:2006) Headlines

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