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China Fineblanking Technology Co (ROCO:1586) Cyclically Adjusted FCF per Share : NT$-2.13 (As of Mar. 2024)


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What is China Fineblanking Technology Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

China Fineblanking Technology Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.412. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-2.13 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of China Fineblanking Technology Co was 4.10% per year. The lowest was -0.20% per year. And the median was 1.95% per year.

As of today (2024-06-10), China Fineblanking Technology Co's current stock price is NT$31.10. China Fineblanking Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-2.13. China Fineblanking Technology Co's Cyclically Adjusted Price-to-FCF of today is .


China Fineblanking Technology Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for China Fineblanking Technology Co's Cyclically Adjusted FCF per Share 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.

China Fineblanking Technology Co Cyclically Adjusted FCF per Share Chart

China Fineblanking Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.80 -2.53 -2.51 -2.82 -2.23

China Fineblanking Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 -2.80 -2.76 -2.53 -2.23 -2.13

Competitive Comparison of China Fineblanking Technology Co's Cyclically Adjusted FCF per Share

For the Metal Fabrication subindustry, China Fineblanking Technology Co'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.


China Fineblanking Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Fineblanking Technology Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Fineblanking Technology Co's Cyclically Adjusted Price-to-FCF falls into.



China Fineblanking Technology Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, China Fineblanking Technology Co'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)
=0.412/131.7762*131.7762
=0.412

Current CPI (Mar. 2024) = 131.7762.

China Fineblanking Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.922 100.560 -1.208
201409 -2.520 100.428 -3.307
201412 -0.383 99.070 -0.509
201503 -1.189 99.621 -1.573
201506 -2.504 100.684 -3.277
201509 -2.924 100.392 -3.838
201512 1.526 99.792 2.015
201603 -0.378 100.470 -0.496
201606 -1.709 101.688 -2.215
201609 -0.505 101.861 -0.653
201612 0.057 101.863 0.074
201703 -0.111 102.862 -0.142
201706 -1.841 103.349 -2.347
201709 2.165 104.136 2.740
201712 -1.170 104.011 -1.482
201803 -0.899 105.290 -1.125
201806 -1.294 106.317 -1.604
201809 0.265 106.507 0.328
201812 -0.860 105.998 -1.069
201903 -0.546 107.251 -0.671
201906 1.273 108.070 1.552
201909 -0.777 108.329 -0.945
201912 -5.492 108.420 -6.675
202003 1.697 108.902 2.053
202006 -0.907 108.767 -1.099
202009 -0.914 109.815 -1.097
202012 0.352 109.897 0.422
202103 -0.092 111.754 -0.108
202106 0.947 114.631 1.089
202109 -1.133 115.734 -1.290
202112 1.182 117.630 1.324
202203 -0.888 121.301 -0.965
202206 0.344 125.017 0.363
202209 0.709 125.227 0.746
202212 -0.282 125.222 -0.297
202303 0.094 127.348 0.097
202306 0.647 128.729 0.662
202309 1.409 129.860 1.430
202312 1.361 129.419 1.386
202403 0.412 131.776 0.412

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


China Fineblanking Technology Co  (ROCO:1586) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


China Fineblanking Technology Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of China Fineblanking Technology Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


China Fineblanking Technology Co (ROCO:1586) Business Description

Traded in Other Exchanges
N/A
Address
No.40, Xinggong Road, Shengang Township, Changhua County, Chang Hua, TWN, 51648
China Fineblanking Technology Co Ltd is engaged in the processing and manufacturing of various types of electronic and automotive parts. It is also engaged in on-electrolytic nickel plating surface treatment, double grinding, heat treatment, CNC machining, and gear machining. The Group has three reportable segments: HDD parts, Vehicle parts, and, Management and operation. The key revenue generator is the Vehicle Parts segment. It produces and sells vehicle parts.

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