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EFUN Technology Co (ROCO:3523) Cyclically Adjusted FCF per Share : NT$-2.80 (As of Mar. 2024)


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What is EFUN 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.

EFUN Technology Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.035. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-2.80 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.00% 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 EFUN Technology Co was 1.60% per year. The lowest was -9.00% per year. And the median was -3.70% per year.

As of today (2024-05-24), EFUN Technology Co's current stock price is NT$18.80. EFUN Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-2.80. EFUN Technology Co's Cyclically Adjusted Price-to-FCF of today is .


EFUN Technology Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for EFUN 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.

EFUN Technology Co Cyclically Adjusted FCF per Share Chart

EFUN 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 -3.44 -2.08 -2.21 -3.28 -2.69

EFUN 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 -2.66 -2.54 -2.50 -2.69 -2.80

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

For the Electronic Components subindustry, EFUN 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.


EFUN Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



EFUN 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, EFUN 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)
=-1.035/131.7762*131.7762
=-1.035

Current CPI (Mar. 2024) = 131.7762.

EFUN Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.007 100.560 3.940
201409 -3.213 100.428 -4.216
201412 3.774 99.070 5.020
201503 0.867 99.621 1.147
201506 -0.889 100.684 -1.164
201509 -1.161 100.392 -1.524
201512 -1.927 99.792 -2.545
201603 -1.300 100.470 -1.705
201606 -4.824 101.688 -6.251
201609 0.030 101.861 0.039
201612 -1.720 101.863 -2.225
201703 -0.880 102.862 -1.127
201706 0.814 103.349 1.038
201709 -0.725 104.136 -0.917
201712 -1.146 104.011 -1.452
201803 -0.463 105.290 -0.579
201806 -0.128 106.317 -0.159
201809 -0.793 106.507 -0.981
201812 -0.930 105.998 -1.156
201903 -1.190 107.251 -1.462
201906 -0.509 108.070 -0.621
201909 -0.800 108.329 -0.973
201912 -0.023 108.420 -0.028
202003 -0.261 108.902 -0.316
202006 -0.863 108.767 -1.046
202009 -0.527 109.815 -0.632
202012 0.096 109.897 0.115
202103 -0.087 111.754 -0.103
202106 -0.498 114.631 -0.572
202109 -0.430 115.734 -0.490
202112 -0.129 117.630 -0.145
202203 -0.436 121.301 -0.474
202206 -0.578 125.017 -0.609
202209 -0.966 125.227 -1.017
202212 -0.436 125.222 -0.459
202303 -0.990 127.348 -1.024
202306 -0.739 128.729 -0.756
202309 -1.036 129.860 -1.051
202312 -0.461 129.419 -0.469
202403 -1.035 131.776 -1.035

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


EFUN Technology Co  (ROCO:3523) 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.


EFUN Technology Co Cyclically Adjusted FCF per Share Related Terms

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


EFUN Technology Co (ROCO:3523) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 391, Section 2, Bentian Road, Annan District, Tainan, TWN, 70955
EFUN Technology Co Ltd is an LCD optical film production company. The company is also engaged in the production of ITO touch transparent conductive films, hardened films, explosion-proof films, and roll-type touch modules. The products of the company include quantum dot film, anti-fog film, EMI, anti-reflective coating, an insulation film, and water-blocking film.

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