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Astro (ROCO:3064) Cyclically Adjusted FCF per Share : NT$-23.30 (As of Mar. 2024)


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What is Astro 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.

Astro's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.043. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-23.30 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.40% 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 Astro was -1.80% per year. The lowest was -7.40% per year. And the median was -4.60% per year.

As of today (2024-06-08), Astro's current stock price is NT$90.00. Astro's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-23.30. Astro's Cyclically Adjusted Price-to-FCF of today is .


Astro Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Astro'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.

Astro Cyclically Adjusted FCF per Share Chart

Astro 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 -21.31 -18.58 -20.73 -22.46 -23.00

Astro 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 -22.69 -23.32 -22.64 -23.00 -23.30

Competitive Comparison of Astro's Cyclically Adjusted FCF per Share

For the Electronic Gaming & Multimedia subindustry, Astro'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.


Astro's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Astro's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Astro 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, Astro'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)
=-0.043/131.7762*131.7762
=-0.043

Current CPI (Mar. 2024) = 131.7762.

Astro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -4.255 100.560 -5.576
201409 -8.497 100.428 -11.149
201412 -1.368 99.070 -1.820
201503 -14.155 99.621 -18.724
201506 -2.967 100.684 -3.883
201509 -7.952 100.392 -10.438
201512 -6.576 99.792 -8.684
201603 6.162 100.470 8.082
201606 -2.589 101.688 -3.355
201609 -9.788 101.861 -12.663
201612 -8.398 101.863 -10.864
201703 -14.480 102.862 -18.550
201706 -5.641 103.349 -7.193
201709 -7.548 104.136 -9.551
201712 -11.726 104.011 -14.856
201803 -14.349 105.290 -17.959
201806 -12.666 106.317 -15.699
201809 -8.532 106.507 -10.556
201812 -2.998 105.998 -3.727
201903 -5.415 107.251 -6.653
201906 -12.064 108.070 -14.710
201909 -10.339 108.329 -12.577
201912 -6.012 108.420 -7.307
202003 -12.435 108.902 -15.047
202006 0.662 108.767 0.802
202009 2.124 109.815 2.549
202012 5.933 109.897 7.114
202103 4.562 111.754 5.379
202106 -1.846 114.631 -2.122
202109 -2.847 115.734 -3.242
202112 -1.441 117.630 -1.614
202203 -2.285 121.301 -2.482
202206 -2.790 125.017 -2.941
202209 -0.836 125.227 -0.880
202212 -1.460 125.222 -1.536
202303 -0.706 127.348 -0.731
202306 0.291 128.729 0.298
202309 0.252 129.860 0.256
202312 -0.293 129.419 -0.298
202403 -0.043 131.776 -0.043

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


Astro  (ROCO:3064) 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.


Astro Cyclically Adjusted FCF per Share Related Terms

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


Astro (ROCO:3064) Business Description

Traded in Other Exchanges
N/A
Address
10F No.111-1 Hsing De Road, Sanchung, Taipei, TWN
Astro Corp is a Taiwan based company operates under the lottery and gaming business. The business activity of the group includes designing and production of self-service terminal betting machines, various electronic lottery tickets systems and betting games, gaming hardware and software and related management system, at the same time with the online and offline lottery management system integration technology, lottery peripheral products research and development. It offers various casino and multi-player games. Activities are primarily functioned in the region of Taiwan.

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