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Tul (ROCO:6150) Cyclically Adjusted FCF per Share : NT$-1.54 (As of Mar. 2024)


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What is Tul 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.

Tul's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-5.736. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-1.54 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -52.60% 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 Tul was 35.30% per year. The lowest was -52.60% per year. And the median was -8.65% per year.

As of today (2024-06-06), Tul's current stock price is NT$79.40. Tul's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-1.54. Tul's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tul was 14750.00. The lowest was 125.42. And the median was 260.27.


Tul Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tul'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.

Tul Cyclically Adjusted FCF per Share Chart

Tul 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 -0.96 -0.29 1.18 -0.26 -1.03

Tul 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 - -0.60 -0.12 -1.03 -1.54

Competitive Comparison of Tul's Cyclically Adjusted FCF per Share

For the Electronics & Computer Distribution subindustry, Tul'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.


Tul's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Tul 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, Tul'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)
=-5.736/131.7762*131.7762
=-5.736

Current CPI (Mar. 2024) = 131.7762.

Tul Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -5.578 100.560 -7.310
201409 -3.128 100.428 -4.104
201412 5.982 99.070 7.957
201503 -0.655 99.621 -0.866
201506 0.658 100.684 0.861
201509 0.855 100.392 1.122
201512 0.070 99.792 0.092
201603 -0.565 100.470 -0.741
201606 3.742 101.688 4.849
201609 -4.494 101.861 -5.814
201612 -4.214 101.863 -5.452
201703 0.268 102.862 0.343
201706 4.872 103.349 6.212
201709 2.228 104.136 2.819
201712 -0.330 104.011 -0.418
201803 0.144 105.290 0.180
201806 -0.210 106.317 -0.260
201809 -7.235 106.507 -8.952
201812 3.865 105.998 4.805
201903 1.078 107.251 1.325
201906 0.077 108.070 0.094
201909 -0.507 108.329 -0.617
201912 -1.315 108.420 -1.598
202003 4.702 108.902 5.690
202006 1.431 108.767 1.734
202009 -0.331 109.815 -0.397
202012 0.714 109.897 0.856
202103 -0.572 111.754 -0.674
202106 10.298 114.631 11.838
202109 -9.455 115.734 -10.766
202112 12.325 117.630 13.807
202203 -12.870 121.301 -13.981
202206 -1.523 125.017 -1.605
202209 1.952 125.227 2.054
202212 -3.849 125.222 -4.050
202303 -0.844 127.348 -0.873
202306 -6.463 128.729 -6.616
202309 3.275 129.860 3.323
202312 -4.442 129.419 -4.523
202403 -5.736 131.776 -5.736

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


Tul  (ROCO:6150) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tul was 14750.00. The lowest was 125.42. And the median was 260.27.


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.


Tul Cyclically Adjusted FCF per Share Related Terms

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


Tul (ROCO:6150) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tul Corp (ROCO:6150) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
N/A
Address
7F-7, No. 79, Sec. 1 Xintai 5th Rd, Xizhi Dist., New Taipei City, TWN, 221
Tul Corp is engaged in the production and sale of computer graphics card, multimedia and software products in Taiwan. It offers gaming and embedded graphics cards, SoC-based mainboards and systems, FPGA products, Thunderbolt adopters, and customized products and services.

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