GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Emerging Display Technologies Corp (TPE:3038) » Definitions » Cyclically Adjusted Price-to-FCF

Emerging Display Technologies (TPE:3038) Cyclically Adjusted Price-to-FCF : 16.12 (As of Jun. 07, 2024)


View and export this data going back to 2002. Start your Free Trial

What is Emerging Display Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Emerging Display Technologies's current share price is NT$32.40. Emerging Display Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.01. Emerging Display Technologies's Cyclically Adjusted Price-to-FCF for today is 16.12.

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

TPE:3038' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.77   Med: 14.75   Max: 22.17
Current: 16.26

During the past years, Emerging Display Technologies's highest Cyclically Adjusted Price-to-FCF was 22.17. The lowest was 9.77. And the median was 14.75.

TPE:3038's Cyclically Adjusted Price-to-FCF is ranked better than
73.37% of 965 companies
in the Hardware industry
Industry Median: 30.44 vs TPE:3038: 16.26

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.

Emerging Display Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.704. 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$2.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emerging Display Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Emerging Display Technologies'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.

Emerging Display Technologies Cyclically Adjusted Price-to-FCF Chart

Emerging Display Technologies 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 13.45 16.06 14.82 12.40 15.29

Emerging Display Technologies 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 14.81 22.16 15.62 15.29 16.31

Competitive Comparison of Emerging Display Technologies's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Emerging Display Technologies'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.


Emerging Display Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Emerging Display Technologies 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.

Emerging Display Technologies's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.40/2.01
=16.12

* 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.

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

For example, Emerging Display Technologies'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)
=0.704/131.7762*131.7762
=0.704

Current CPI (Mar. 2024) = 131.7762.

Emerging Display Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.398 100.560 0.522
201409 0.183 100.428 0.240
201412 0.835 99.070 1.111
201503 -0.135 99.621 -0.179
201506 0.214 100.684 0.280
201509 0.769 100.392 1.009
201512 0.673 99.792 0.889
201603 0.636 100.470 0.834
201606 0.130 101.688 0.168
201609 0.608 101.861 0.787
201612 0.628 101.863 0.812
201703 -0.234 102.862 -0.300
201706 -0.192 103.349 -0.245
201709 -0.202 104.136 -0.256
201712 -0.171 104.011 -0.217
201803 -0.197 105.290 -0.247
201806 0.219 106.317 0.271
201809 0.508 106.507 0.629
201812 0.568 105.998 0.706
201903 -0.140 107.251 -0.172
201906 0.497 108.070 0.606
201909 0.930 108.329 1.131
201912 1.102 108.420 1.339
202003 -0.015 108.902 -0.018
202006 0.835 108.767 1.012
202009 0.064 109.815 0.077
202012 -0.011 109.897 -0.013
202103 -0.168 111.754 -0.198
202106 -0.436 114.631 -0.501
202109 0.622 115.734 0.708
202112 0.629 117.630 0.705
202203 0.782 121.301 0.850
202206 0.050 125.017 0.053
202209 2.213 125.227 2.329
202212 0.876 125.222 0.922
202303 0.540 127.348 0.559
202306 1.403 128.729 1.436
202309 1.129 129.860 1.146
202312 0.580 129.419 0.591
202403 0.704 131.776 0.704

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.


Emerging Display Technologies  (TPE:3038) 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.


Emerging Display Technologies Cyclically Adjusted Price-to-FCF Related Terms

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


Emerging Display Technologies (TPE:3038) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Central 1st Road, Qianzhen District, Kaohsiung City, TWN
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panel and liquid crystal displays (LCDs). Its operating segments include the domestic segment, the North America segment, and the mainland China segment. The domestic segment engages in designing, manufacturing, and selling liquid crystal displays modules and capacitive touch panel, and functions as operating headquarters of the Group. The North America segment mainly expands the North American trading business and implements marketing functions in North America. The North America segment engages in the sale of liquid crystal displays provided by the domestic segment. The mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment.

Emerging Display Technologies (TPE:3038) Headlines

No Headlines