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Insyde Software (ROCO:6231) Cyclically Adjusted FCF per Share : NT$4.56 (As of Mar. 2024)


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What is Insyde Software 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.

Insyde Software's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.413. 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$4.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Insyde Software's average Cyclically Adjusted FCF Growth Rate was 18.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.00% 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 Insyde Software was 20.00% per year. The lowest was 4.50% per year. And the median was 12.25% per year.

As of today (2024-06-05), Insyde Software's current stock price is NT$362.50. Insyde Software's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$4.56. Insyde Software's Cyclically Adjusted Price-to-FCF of today is 79.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Insyde Software was 84.85. The lowest was 13.59. And the median was 41.16.


Insyde Software Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Insyde Software'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.

Insyde Software Cyclically Adjusted FCF per Share Chart

Insyde Software 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 2.84 2.41 1.32 3.24 4.16

Insyde Software 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 3.84 3.73 3.35 4.16 4.56

Competitive Comparison of Insyde Software's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Insyde Software'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.


Insyde Software's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Insyde Software 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, Insyde Software'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)
=1.413/131.7762*131.7762
=1.413

Current CPI (Mar. 2024) = 131.7762.

Insyde Software Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.973 100.560 2.585
201409 -0.380 100.428 -0.499
201412 1.164 99.070 1.548
201503 -1.251 99.621 -1.655
201506 -0.251 100.684 -0.329
201509 1.843 100.392 2.419
201512 1.384 99.792 1.828
201603 -3.408 100.470 -4.470
201606 1.595 101.688 2.067
201609 -1.609 101.861 -2.082
201612 1.742 101.863 2.254
201703 -2.328 102.862 -2.982
201706 2.126 103.349 2.711
201709 -0.397 104.136 -0.502
201712 2.421 104.011 3.067
201803 -2.065 105.290 -2.584
201806 2.575 106.317 3.192
201809 0.995 106.507 1.231
201812 2.013 105.998 2.503
201903 -1.081 107.251 -1.328
201906 3.412 108.070 4.160
201909 0.429 108.329 0.522
201912 2.228 108.420 2.708
202003 -0.185 108.902 -0.224
202006 3.076 108.767 3.727
202009 1.151 109.815 1.381
202012 1.761 109.897 2.112
202103 1.019 111.754 1.202
202106 3.183 114.631 3.659
202109 -0.245 115.734 -0.279
202112 3.350 117.630 3.753
202203 1.681 121.301 1.826
202206 2.980 125.017 3.141
202209 -0.414 125.227 -0.436
202212 3.721 125.222 3.916
202303 -0.580 127.348 -0.600
202306 2.616 128.729 2.678
202309 -0.404 129.860 -0.410
202312 2.363 129.419 2.406
202403 1.413 131.776 1.413

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


Insyde Software  (ROCO:6231) 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.

Insyde Software's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=362.50/4.56
=79.50

* 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 Insyde Software was 84.85. The lowest was 13.59. And the median was 41.16.


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.


Insyde Software Cyclically Adjusted FCF per Share Related Terms

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


Insyde Software (ROCO:6231) Business Description

Industry
Traded in Other Exchanges
N/A
Address
12F No.161, Sec. 2 Minsheng E. Rd., Jhongshan District, Taipei, TWN
Insyde Software Inc is a provider of system firmware and software engineering services in Taiwan. It offers Supervyse systems management software; BlinkBoot UEFI Boot Loader; and mobile applications. Its products are mainly used for the mobile, desktop, server, and embedded systems industries.

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