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GlobalWafers Co (ROCO:6488) Cyclically Adjusted FCF per Share : NT$24.60 (As of Mar. 2024)


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What is GlobalWafers 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.

GlobalWafers Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-18.803. 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$24.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GlobalWafers Co's average Cyclically Adjusted FCF Growth Rate was -23.40% 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.

As of today (2024-05-22), GlobalWafers Co's current stock price is NT$517.00. GlobalWafers Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$24.60. GlobalWafers Co's Cyclically Adjusted Price-to-FCF of today is 21.02.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of GlobalWafers Co was 23.11. The lowest was 14.45. And the median was 17.33.


GlobalWafers Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for GlobalWafers 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.

GlobalWafers Co Cyclically Adjusted FCF per Share Chart

GlobalWafers 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 - - - - 26.22

GlobalWafers 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 32.11 30.33 28.53 26.22 24.60

Competitive Comparison of GlobalWafers Co's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, GlobalWafers 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.


GlobalWafers Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



GlobalWafers 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, GlobalWafers 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)
=-18.803/131.7762*131.7762
=-18.803

Current CPI (Mar. 2024) = 131.7762.

GlobalWafers Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.461 100.560 1.915
201409 2.945 100.428 3.864
201412 1.799 99.070 2.393
201503 1.175 99.621 1.554
201506 1.189 100.684 1.556
201509 3.017 100.392 3.960
201512 1.302 99.792 1.719
201603 0.464 100.470 0.609
201606 -1.392 101.688 -1.804
201609 0.001 101.861 0.001
201612 4.183 101.863 5.411
201703 -2.795 102.862 -3.581
201706 5.132 103.349 6.544
201709 9.845 104.136 12.458
201712 18.019 104.011 22.829
201803 20.611 105.290 25.796
201806 10.398 106.317 12.888
201809 27.475 106.507 33.994
201812 8.746 105.998 10.873
201903 11.572 107.251 14.218
201906 6.371 108.070 7.769
201909 1.222 108.329 1.486
201912 3.268 108.420 3.972
202003 0.381 108.902 0.461
202006 1.273 108.767 1.542
202009 3.540 109.815 4.248
202012 9.484 109.897 11.372
202103 7.306 111.754 8.615
202106 10.788 114.631 12.402
202109 13.681 115.734 15.577
202112 20.709 117.630 23.200
202203 15.286 121.301 16.606
202206 13.425 125.017 14.151
202209 12.399 125.227 13.048
202212 14.175 125.222 14.917
202303 -1.335 127.348 -1.381
202306 -12.074 128.729 -12.360
202309 -12.529 129.860 -12.714
202312 -15.016 129.419 -15.289
202403 -18.803 131.776 -18.803

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


GlobalWafers Co  (ROCO:6488) 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.

GlobalWafers Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=517.00/24.6
=21.02

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of GlobalWafers Co was 23.11. The lowest was 14.45. And the median was 17.33.


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.


GlobalWafers Co Cyclically Adjusted FCF per Share Related Terms

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


GlobalWafers Co (ROCO:6488) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 8, Industrial East Road 2, Science-Based Industrial Park, Hsinchu, TWN
GlobalWafers is 51% owned by Sino-American Silicon Products Inc, after being spun off in 2011. The main source of the company's revenue is selling silicon wafers to chipmakers like Taiwan Semiconductor and Texas Instruments. It also derives sales from nonsilicon wafers and green energy. GlobalWafers runs 17 production sites in nine countries across Asia, North America, and Europe. GlobalWafers is headquartered in Hsinchu, Taiwan, and employs over 7,000 people.

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