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Everlight Chemical Industrial (TPE:1711) Cyclically Adjusted FCF per Share : NT$0.76 (As of Dec. 2023)


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What is Everlight Chemical Industrial 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.

Everlight Chemical Industrial's adjusted free cash flow per share for the three months ended in Dec. 2023 was NT$0.747. 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$0.76 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Everlight Chemical Industrial's average Cyclically Adjusted FCF Growth Rate was 40.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 32.10% 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 Everlight Chemical Industrial was 56.80% per year. The lowest was 32.10% per year. And the median was 44.45% per year.

As of today (2024-05-08), Everlight Chemical Industrial's current stock price is NT$20.40. Everlight Chemical Industrial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$0.76. Everlight Chemical Industrial's Cyclically Adjusted Price-to-FCF of today is 26.84.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Everlight Chemical Industrial was 1710.00. The lowest was 24.47. And the median was 46.19.


Everlight Chemical Industrial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Everlight Chemical Industrial'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.

Everlight Chemical Industrial Cyclically Adjusted FCF per Share Chart

Everlight Chemical Industrial 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 0.14 0.33 0.55 0.54 0.76

Everlight Chemical Industrial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.54 0.59 0.62 0.63 0.76

Competitive Comparison of Everlight Chemical Industrial's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Everlight Chemical Industrial'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.


Everlight Chemical Industrial's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Everlight Chemical Industrial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Everlight Chemical Industrial 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, Everlight Chemical Industrial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.747/129.4194*129.4194
=0.747

Current CPI (Dec. 2023) = 129.4194.

Everlight Chemical Industrial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.447 99.695 -0.580
201406 -0.349 100.560 -0.449
201409 -0.577 100.428 -0.744
201412 0.348 99.070 0.455
201503 0.242 99.621 0.314
201506 -0.178 100.684 -0.229
201509 0.426 100.392 0.549
201512 -0.033 99.792 -0.043
201603 0.349 100.470 0.450
201606 0.217 101.688 0.276
201609 0.174 101.861 0.221
201612 -0.376 101.863 -0.478
201703 -0.221 102.862 -0.278
201706 0.167 103.349 0.209
201709 0.224 104.136 0.278
201712 -0.005 104.011 -0.006
201803 0.134 105.290 0.165
201806 -0.198 106.317 -0.241
201809 0.153 106.507 0.186
201812 0.111 105.998 0.136
201903 0.211 107.251 0.255
201906 0.229 108.070 0.274
201909 0.314 108.329 0.375
201912 0.767 108.420 0.916
202003 0.815 108.902 0.969
202006 -0.078 108.767 -0.093
202009 0.675 109.815 0.796
202012 0.740 109.897 0.871
202103 0.253 111.754 0.293
202106 0.339 114.631 0.383
202109 -0.005 115.734 -0.006
202112 0.319 117.630 0.351
202203 0.045 121.301 0.048
202206 0.015 125.017 0.016
202209 0.159 125.227 0.164
202212 0.543 125.222 0.561
202303 -0.067 127.348 -0.068
202306 0.200 128.729 0.201
202309 0.350 129.860 0.349
202312 0.747 129.419 0.747

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


Everlight Chemical Industrial  (TPE:1711) 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.

Everlight Chemical Industrial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.40/0.76
=26.84

* 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 Everlight Chemical Industrial was 1710.00. The lowest was 24.47. And the median was 46.19.


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.


Everlight Chemical Industrial Cyclically Adjusted FCF per Share Related Terms

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


Everlight Chemical Industrial (TPE:1711) Business Description

Traded in Other Exchanges
N/A
Address
No. 77, Dun Hua South Road, 5-6 Floor, Section 2, Taipei, TWN, 106
Everlight Chemical Industrial Corp engages in the manufacturing and selling of dye, UV absorber, specialty chemicals, electronic chemicals, pharmaceutical products, and materials. The color chemicals products consist of dyes for textiles, leather, food, paper products, and printer ink. The specialty chemicals include light stabilizers and ultraviolet absorbers, which are added to paints, coatings, and plastics to retain colors. Pharmaceutical products include treatments for cardiovascular disease, cancer, and glaucoma. The electronics products consist of liquid-crystal displays and touch panels.

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