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Qisda (TPE:2352) Cyclically Adjusted Price-to-FCF : 33.90 (As of May. 27, 2024)


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What is Qisda Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Qisda's current share price is NT$40.00. Qisda's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.18. Qisda's Cyclically Adjusted Price-to-FCF for today is 33.90.

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

TPE:2352' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.14   Med: 36.08   Max: 2040
Current: 33.53

During the past years, Qisda's highest Cyclically Adjusted Price-to-FCF was 2040.00. The lowest was 18.14. And the median was 36.08.

TPE:2352's Cyclically Adjusted Price-to-FCF is ranked worse than
53.27% of 933 companies
in the Hardware industry
Industry Median: 31.01 vs TPE:2352: 33.53

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.

Qisda's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-1.414. 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$1.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qisda Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Qisda'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.

Qisda Cyclically Adjusted Price-to-FCF Chart

Qisda 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 69.54 32.34 32.44 35.57 48.42

Qisda 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 25.51 36.81 38.40 48.42 37.85

Competitive Comparison of Qisda's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Qisda'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.


Qisda's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Qisda's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Qisda 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.00/1.18
=33.90

* 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.

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

For example, Qisda'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)
=-1.414/131.7762*131.7762
=-1.414

Current CPI (Mar. 2024) = 131.7762.

Qisda Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.888 100.560 -1.164
201409 0.037 100.428 0.049
201412 -0.237 99.070 -0.315
201503 -0.848 99.621 -1.122
201506 1.143 100.684 1.496
201509 -0.186 100.392 -0.244
201512 1.682 99.792 2.221
201603 0.289 100.470 0.379
201606 0.710 101.688 0.920
201609 0.130 101.861 0.168
201612 1.948 101.863 2.520
201703 -1.182 102.862 -1.514
201706 -0.948 103.349 -1.209
201709 0.756 104.136 0.957
201712 -0.271 104.011 -0.343
201803 0.745 105.290 0.932
201806 0.883 106.317 1.094
201809 1.372 106.507 1.698
201812 0.021 105.998 0.026
201903 -0.178 107.251 -0.219
201906 0.885 108.070 1.079
201909 1.296 108.329 1.577
201912 0.946 108.420 1.150
202003 1.440 108.902 1.742
202006 0.670 108.767 0.812
202009 0.958 109.815 1.150
202012 1.790 109.897 2.146
202103 0.453 111.754 0.534
202106 -1.159 114.631 -1.332
202109 -3.152 115.734 -3.589
202112 1.573 117.630 1.762
202203 -3.417 121.301 -3.712
202206 -3.401 125.017 -3.585
202209 -2.357 125.227 -2.480
202212 5.074 125.222 5.340
202303 2.097 127.348 2.170
202306 1.457 128.729 1.491
202309 -0.286 129.860 -0.290
202312 0.913 129.419 0.930
202403 -1.414 131.776 -1.414

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.


Qisda  (TPE:2352) 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.


Qisda Cyclically Adjusted Price-to-FCF Related Terms

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


Qisda (TPE:2352) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qisda Corp (TPE:2352) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
No. 157, Shan-Ying Road, Gueishan, Taoyuan, TWN, 333
Qisda Corp is a Taiwan-based original equipment manufacturer of electronic products for use in consumer, commercial, medical, and industrial applications. Its products include LCD monitors, all-in-one PCs, digital signage and professional displays, projectors, scanners, multifunctional printers, smartphones, medical gateways, automobile infotainment devices, and tablets. The company's segment includes DMS; Brand; Material; Medical and Networks. It generates maximum revenue from the DMS segment.

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