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International Games System Co (ROCO:3293) Cyclically Adjusted FCF per Share : NT$24.09 (As of Mar. 2024)


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What is International Games System 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.

International Games System Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$16.247. 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$24.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, International Games System Co's average Cyclically Adjusted FCF Growth Rate was 32.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 42.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 43.20% 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 International Games System Co was 48.50% per year. The lowest was 42.00% per year. And the median was 42.60% per year.

As of today (2024-05-31), International Games System Co's current stock price is NT$1010.00. International Games System Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$24.09. International Games System Co's Cyclically Adjusted Price-to-FCF of today is 41.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of International Games System Co was 75.16. The lowest was 18.08. And the median was 35.36.


International Games System Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for International Games System 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.

International Games System Co Cyclically Adjusted FCF per Share Chart

International Games System 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 5.25 7.60 11.29 17.19 22.03

International Games System 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 18.18 20.14 20.49 22.03 24.09

Competitive Comparison of International Games System Co's Cyclically Adjusted FCF per Share

For the Electronic Gaming & Multimedia subindustry, International Games System 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.


International Games System Co's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

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

* The bar in red indicates where International Games System Co's Cyclically Adjusted Price-to-FCF falls into.



International Games System 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, International Games System 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)
=16.247/131.7762*131.7762
=16.247

Current CPI (Mar. 2024) = 131.7762.

International Games System Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.814 100.560 1.067
201409 0.826 100.428 1.084
201412 0.586 99.070 0.779
201503 0.101 99.621 0.134
201506 0.638 100.684 0.835
201509 0.771 100.392 1.012
201512 1.699 99.792 2.244
201603 2.656 100.470 3.484
201606 2.103 101.688 2.725
201609 1.447 101.861 1.872
201612 2.605 101.863 3.370
201703 0.966 102.862 1.238
201706 1.733 103.349 2.210
201709 -0.078 104.136 -0.099
201712 1.749 104.011 2.216
201803 1.141 105.290 1.428
201806 2.296 106.317 2.846
201809 0.141 106.507 0.174
201812 2.623 105.998 3.261
201903 1.782 107.251 2.190
201906 3.997 108.070 4.874
201909 4.355 108.329 5.298
201912 6.008 108.420 7.302
202003 4.321 108.902 5.229
202006 7.398 108.767 8.963
202009 3.806 109.815 4.567
202012 11.012 109.897 13.204
202103 7.238 111.754 8.535
202106 11.666 114.631 13.411
202109 4.151 115.734 4.726
202112 12.652 117.630 14.174
202203 21.424 121.301 23.274
202206 12.645 125.017 13.329
202209 3.118 125.227 3.281
202212 13.636 125.222 14.350
202303 7.827 127.348 8.099
202306 18.626 128.729 19.067
202309 1.613 129.860 1.637
202312 16.943 129.419 17.252
202403 16.247 131.776 16.247

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


International Games System Co  (ROCO:3293) 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.

International Games System Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1010.00/24.09
=41.93

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of International Games System Co was 75.16. The lowest was 18.08. And the median was 35.36.


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.


International Games System Co Cyclically Adjusted FCF per Share Related Terms

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


International Games System Co (ROCO:3293) Business Description

Traded in Other Exchanges
N/A
Address
No. 130, Wugong Road, Wugu District, New Taipei, TWN, 24886
International Games System Co Ltd plans, designs, researches, develops, manufactures, markets, and services commercial electronic arcade games, related software and hardware products, online games and mobile games. It offers arcade game, online game, mobile game, simulator machine games and online games. All the business activity is primarily operated through Taiwan.

International Games System Co (ROCO:3293) Headlines

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