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King Slide Works Co (TPE:2059) Cyclically Adjusted FCF per Share : NT$22.37 (As of Mar. 2024)


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What is King Slide Works 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.

King Slide Works Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$9.828. 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$22.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, King Slide Works Co's average Cyclically Adjusted FCF Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% 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 King Slide Works Co was 10.60% per year. The lowest was 9.70% per year. And the median was 10.15% per year.

As of today (2024-05-20), King Slide Works Co's current stock price is NT$1280.00. King Slide Works Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$22.37. King Slide Works Co's Cyclically Adjusted Price-to-FCF of today is 57.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of King Slide Works Co was 63.57. The lowest was 17.64. And the median was 22.80.


King Slide Works Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for King Slide Works 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.

King Slide Works Co Cyclically Adjusted FCF per Share Chart

King Slide Works 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 15.33 15.98 16.97 20.26 21.63

King Slide Works 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 20.96 20.85 21.33 21.63 22.37

Competitive Comparison of King Slide Works Co's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, King Slide Works 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.


King Slide Works Co's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, King Slide Works Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



King Slide Works 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, King Slide Works 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)
=9.828/131.7762*131.7762
=9.828

Current CPI (Mar. 2024) = 131.7762.

King Slide Works Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.594 100.560 3.399
201409 4.883 100.428 6.407
201412 6.606 99.070 8.787
201503 4.264 99.621 5.640
201506 3.594 100.684 4.704
201509 8.212 100.392 10.779
201512 6.483 99.792 8.561
201603 2.862 100.470 3.754
201606 4.072 101.688 5.277
201609 2.035 101.861 2.633
201612 7.212 101.863 9.330
201703 -0.256 102.862 -0.328
201706 1.843 103.349 2.350
201709 2.613 104.136 3.307
201712 2.966 104.011 3.758
201803 1.870 105.290 2.340
201806 6.292 106.317 7.799
201809 3.729 106.507 4.614
201812 5.840 105.998 7.260
201903 5.438 107.251 6.682
201906 2.813 108.070 3.430
201909 4.489 108.329 5.461
201912 6.757 108.420 8.213
202003 3.605 108.902 4.362
202006 1.196 108.767 1.449
202009 4.907 109.815 5.888
202012 3.108 109.897 3.727
202103 0.533 111.754 0.628
202106 -0.271 114.631 -0.312
202109 3.786 115.734 4.311
202112 3.776 117.630 4.230
202203 6.397 121.301 6.949
202206 1.357 125.017 1.430
202209 8.716 125.227 9.172
202212 15.969 125.222 16.805
202303 11.653 127.348 12.058
202306 0.052 128.729 0.053
202309 9.035 129.860 9.168
202312 9.606 129.419 9.781
202403 9.828 131.776 9.828

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


King Slide Works Co  (TPE:2059) 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.

King Slide Works Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1280.00/22.37
=57.22

* 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 King Slide Works Co was 63.57. The lowest was 17.64. And the median was 22.80.


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.


King Slide Works Co Cyclically Adjusted FCF per Share Related Terms

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


King Slide Works Co (TPE:2059) Business Description

Traded in Other Exchanges
N/A
Address
No. 136, Lane 275, Shun An Road, Lu Chu District, Kaohsiung, TWN, 82150
King Slide Works Co Ltd is a Taiwan-based company that manufactures and distributes electronic parts and components. The company operates primarily through two subsidiaries: King Slide Works and King Slide Technology. King Slide Works is a Taiwan-based company that develops, manufactures, and markets furniture accessories, including under-mount slides, ball-bearing slides, epoxy-coated drawer slides, and hinges. King Slide Technology develops and manufactures high-precision metal components applied in computer, communications, and consumer electronics products. The company has a global presence, with Taiwan, America, and China being its three largest markets.

King Slide Works Co (TPE:2059) Headlines

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