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DFI (TPE:2397) Cyclically Adjusted Price-to-FCF : 15.80 (As of May. 26, 2024)


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What is DFI Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), DFI's current share price is NT$68.10. DFI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$4.31. DFI's Cyclically Adjusted Price-to-FCF for today is 15.80.

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

TPE:2397' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.53   Med: 19.73   Max: 33.67
Current: 15.79

During the past years, DFI's highest Cyclically Adjusted Price-to-FCF was 33.67. The lowest was 14.53. And the median was 19.73.

TPE:2397's Cyclically Adjusted Price-to-FCF is ranked better than
75.46% of 933 companies
in the Hardware industry
Industry Median: 30.71 vs TPE:2397: 15.79

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.

DFI's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$1.491. 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$4.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


DFI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DFI'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.

DFI Cyclically Adjusted Price-to-FCF Chart

DFI 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 22.08 17.26 29.26 23.50 16.33

DFI 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 21.93 22.23 17.66 16.33 15.21

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

For the Computer Hardware subindustry, DFI'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.


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

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

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



DFI 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=68.10/4.31
=15.80

* 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.

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

For example, DFI'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)
=1.491/131.7762*131.7762
=1.491

Current CPI (Mar. 2024) = 131.7762.

DFI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.374 100.560 -0.490
201409 2.751 100.428 3.610
201412 1.219 99.070 1.621
201503 0.230 99.621 0.304
201506 -1.856 100.684 -2.429
201509 2.959 100.392 3.884
201512 0.994 99.792 1.313
201603 0.479 100.470 0.628
201606 0.487 101.688 0.631
201609 2.554 101.861 3.304
201612 -0.674 101.863 -0.872
201703 0.677 102.862 0.867
201706 -0.951 103.349 -1.213
201709 4.714 104.136 5.965
201712 -0.590 104.011 -0.747
201803 -0.071 105.290 -0.089
201806 -1.526 106.317 -1.891
201809 5.756 106.507 7.122
201812 1.457 105.998 1.811
201903 3.306 107.251 4.062
201906 2.954 108.070 3.602
201909 3.114 108.329 3.788
201912 4.082 108.420 4.961
202003 0.546 108.902 0.661
202006 0.608 108.767 0.737
202009 -0.752 109.815 -0.902
202012 3.452 109.897 4.139
202103 0.345 111.754 0.407
202106 -4.733 114.631 -5.441
202109 -5.933 115.734 -6.755
202112 -7.378 117.630 -8.265
202203 -2.758 121.301 -2.996
202206 -1.862 125.017 -1.963
202209 4.915 125.227 5.172
202212 3.171 125.222 3.337
202303 4.407 127.348 4.560
202306 3.313 128.729 3.391
202309 3.206 129.860 3.253
202312 2.502 129.419 2.548
202403 1.491 131.776 1.491

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.


DFI  (TPE:2397) 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.


DFI Cyclically Adjusted Price-to-FCF Related Terms

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


DFI (TPE:2397) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » DFI Inc (TPE:2397) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
No. 97, Section 1, Xintai 5th Road, 10th Floor, Xizhi District, New Taipei, TWN, 22175
DFI Inc is engaged in the manufacturing of electronic components. The company design, produce, and distributes industrial embedded motherboards and general-purpose PC motherboards. Its products include Industrial Motherboard, Computer-On-Module, Industrial Displays & Solutions, Embedded SBC, Systems, Graphics Cards, and Peripheral. Its segment comprises board cards and system department, Industrial automation control department and Computer component segment. The majority of the revenue is from Board cards and the system segment. The Geographical presence of the company is in Asia, America, Europe and Others.

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