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Center Laboratories (ROCO:4123) Cyclically Adjusted FCF per Share : NT$-1.24 (As of Mar. 2024)


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What is Center Laboratories 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.

Center Laboratories's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.106. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-1.24 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -7.30% 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 Center Laboratories was -4.80% per year. The lowest was -8.80% per year. And the median was -7.00% per year.

As of today (2024-06-09), Center Laboratories's current stock price is NT$48.40. Center Laboratories's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-1.24. Center Laboratories's Cyclically Adjusted Price-to-FCF of today is .


Center Laboratories Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Center Laboratories'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.

Center Laboratories Cyclically Adjusted FCF per Share Chart

Center Laboratories 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 -0.93 -0.97 -1.03 -1.07 -1.25

Center Laboratories 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 -1.07 -1.24 -1.25 -1.25 -1.24

Competitive Comparison of Center Laboratories's Cyclically Adjusted FCF per Share

For the Drug Manufacturers - Specialty & Generic subindustry, Center Laboratories'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.


Center Laboratories's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Center Laboratories's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Center Laboratories 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, Center Laboratories'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)
=0.106/131.7762*131.7762
=0.106

Current CPI (Mar. 2024) = 131.7762.

Center Laboratories Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.099 100.560 -0.130
201409 -0.006 100.428 -0.008
201412 0.048 99.070 0.064
201503 -0.273 99.621 -0.361
201506 -0.446 100.684 -0.584
201509 -0.969 100.392 -1.272
201512 0.853 99.792 1.126
201603 -0.554 100.470 -0.727
201606 -0.384 101.688 -0.498
201609 -0.807 101.861 -1.044
201612 0.823 101.863 1.065
201703 -0.004 102.862 -0.005
201706 0.032 103.349 0.041
201709 -0.829 104.136 -1.049
201712 -0.953 104.011 -1.207
201803 -1.449 105.290 -1.814
201806 0.243 106.317 0.301
201809 -0.290 106.507 -0.359
201812 -0.585 105.998 -0.727
201903 -0.733 107.251 -0.901
201906 -0.723 108.070 -0.882
201909 0.123 108.329 0.150
201912 -0.237 108.420 -0.288
202003 -0.102 108.902 -0.123
202006 -0.413 108.767 -0.500
202009 -0.056 109.815 -0.067
202012 0.007 109.897 0.008
202103 0.022 111.754 0.026
202106 -0.390 114.631 -0.448
202109 -0.055 115.734 -0.063
202112 -0.131 117.630 -0.147
202203 -0.095 121.301 -0.103
202206 -0.254 125.017 -0.268
202209 -0.149 125.227 -0.157
202212 0.192 125.222 0.202
202303 0.036 127.348 0.037
202306 -1.674 128.729 -1.714
202309 0.002 129.860 0.002
202312 -0.073 129.419 -0.074
202403 0.106 131.776 0.106

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


Center Laboratories  (ROCO:4123) 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.


Center Laboratories Cyclically Adjusted FCF per Share Related Terms

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


Center Laboratories (ROCO:4123) Business Description

Traded in Other Exchanges
N/A
Address
No. 3-2, Park Street, 7th floor, Nangang District, Taipei, TWN
Center Laboratories Inc is active in the healthcare sector. The company provides solutions to special medication needs of infants, young children, the elderly, patients with dysphagia and special population. In addition to the diversification of new formulations of oral solution, Center Laboratories is dedicated to new drug development of CNS and pain treatment.

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