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Acer (TPE:2353) Cyclically Adjusted FCF per Share : NT$1.70 (As of Mar. 2024)


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What is Acer 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.

Acer's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.802. 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$1.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Acer's average Cyclically Adjusted FCF Growth Rate was 38.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 34.80% 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 Acer was 353.10% per year. The lowest was 34.80% per year. And the median was 193.95% per year.

As of today (2024-05-22), Acer's current stock price is NT$48.25. Acer's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.70. Acer's Cyclically Adjusted Price-to-FCF of today is 28.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Acer was 1825.00. The lowest was 9.50. And the median was 25.91.


Acer Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Acer'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.

Acer Cyclically Adjusted FCF per Share Chart

Acer 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 0.01 0.73 0.72 0.93 1.79

Acer 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 1.23 1.38 2.17 1.79 1.70

Competitive Comparison of Acer's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Acer'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.


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

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

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



Acer 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, Acer'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)
=-1.802/131.7762*131.7762
=-1.802

Current CPI (Mar. 2024) = 131.7762.

Acer Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.318 100.560 -0.417
201409 -0.449 100.428 -0.589
201412 2.951 99.070 3.925
201503 -2.139 99.621 -2.829
201506 -0.915 100.684 -1.198
201509 -0.673 100.392 -0.883
201512 3.340 99.792 4.410
201603 -0.957 100.470 -1.255
201606 1.798 101.688 2.330
201609 -0.824 101.861 -1.066
201612 2.603 101.863 3.367
201703 -5.638 102.862 -7.223
201706 -1.915 103.349 -2.442
201709 2.915 104.136 3.689
201712 2.071 104.011 2.624
201803 -0.973 105.290 -1.218
201806 0.524 106.317 0.649
201809 0.736 106.507 0.911
201812 -1.136 105.998 -1.412
201903 0.326 107.251 0.401
201906 -0.587 108.070 -0.716
201909 0.949 108.329 1.154
201912 -1.288 108.420 -1.565
202003 0.800 108.902 0.968
202006 3.777 108.767 4.576
202009 1.156 109.815 1.387
202012 3.193 109.897 3.829
202103 -1.306 111.754 -1.540
202106 -1.120 114.631 -1.288
202109 0.500 115.734 0.569
202112 3.746 117.630 4.197
202203 -5.911 121.301 -6.421
202206 -2.344 125.017 -2.471
202209 3.895 125.227 4.099
202212 6.005 125.222 6.319
202303 0.179 127.348 0.185
202306 1.329 128.729 1.360
202309 2.317 129.860 2.351
202312 0.059 129.419 0.060
202403 -1.802 131.776 -1.802

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


Acer  (TPE:2353) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=48.25/1.7
=28.38

* 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 Acer was 1825.00. The lowest was 9.50. And the median was 25.91.


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.


Acer Cyclically Adjusted FCF per Share Related Terms

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


Acer (TPE:2353) Business Description

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Address
No. 369, Fuxing North Road, Songshan District, Taipei, TWN, 105
Acer Inc is a hardware and electronics company specializing in advanced electronics technology. Its products are sold under three brands: Acer, Gateway, and Packard Bell. It include desktop PCs, clamshell laptops, 2-in-1 laptops, convertible laptops, Chromebooks, tablets, servers, storage devices, virtual reality devices, displays, smartphones, and peripherals. A large majority of the firm's revenue is derived from personal computers and the rest from peripherals and other products. The firm generates revenue in the Americas, Mainland China, Taiwan, and other countries across the world.

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