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Pegatron (TPE:4938) Cyclically Adjusted FCF per Share : NT$5.74 (As of Mar. 2024)


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What is Pegatron 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.

Pegatron's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$5.917. 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$5.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pegatron's average Cyclically Adjusted FCF Growth Rate was 27.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 40.70% 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 Pegatron was 40.70% per year. The lowest was -3.30% per year. And the median was 18.70% per year.

As of today (2024-06-06), Pegatron's current stock price is NT$111.00. Pegatron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$5.74. Pegatron's Cyclically Adjusted Price-to-FCF of today is 19.34.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pegatron was 35.42. The lowest was 9.23. And the median was 15.79.


Pegatron Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pegatron'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.

Pegatron Cyclically Adjusted FCF per Share Chart

Pegatron 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 4.75 2.27 4.26 4.30 6.32

Pegatron 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 4.51 5.53 6.28 6.32 5.74

Competitive Comparison of Pegatron's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Pegatron'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.


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

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

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



Pegatron 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, Pegatron'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)
=5.917/131.7762*131.7762
=5.917

Current CPI (Mar. 2024) = 131.7762.

Pegatron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.452 100.560 3.213
201409 -1.589 100.428 -2.085
201412 5.890 99.070 7.835
201503 2.516 99.621 3.328
201506 -5.144 100.684 -6.733
201509 -7.180 100.392 -9.425
201512 7.783 99.792 10.277
201603 3.752 100.470 4.921
201606 -3.609 101.688 -4.677
201609 8.093 101.861 10.470
201612 12.757 101.863 16.503
201703 -0.585 102.862 -0.749
201706 3.377 103.349 4.306
201709 -9.037 104.136 -11.436
201712 2.741 104.011 3.473
201803 -6.195 105.290 -7.753
201806 -9.640 106.317 -11.948
201809 2.100 106.507 2.598
201812 -4.753 105.998 -5.909
201903 4.118 107.251 5.060
201906 3.057 108.070 3.728
201909 5.547 108.329 6.748
201912 12.263 108.420 14.905
202003 -16.560 108.902 -20.038
202006 2.086 108.767 2.527
202009 -0.673 109.815 -0.808
202012 -3.344 109.897 -4.010
202103 4.729 111.754 5.576
202106 0.339 114.631 0.390
202109 33.465 115.734 38.104
202112 -26.269 117.630 -29.428
202203 2.897 121.301 3.147
202206 -16.097 125.017 -16.967
202209 17.525 125.227 18.442
202212 -6.904 125.222 -7.265
202303 5.371 127.348 5.558
202306 5.627 128.729 5.760
202309 7.544 129.860 7.655
202312 6.120 129.419 6.231
202403 5.917 131.776 5.917

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


Pegatron  (TPE:4938) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=111.00/5.74
=19.34

* 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 Pegatron was 35.42. The lowest was 9.23. And the median was 15.79.


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.


Pegatron Cyclically Adjusted FCF per Share Related Terms

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


Pegatron (TPE:4938) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pegatron Corp (TPE:4938) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
No. 96, Ligong Street, 5th Floor, Beitou District, Taipei, TWN, 112
Pegatron Corp is engaged in manufacturing of wide range of technology products including primarily, 1) computing devices: notebook PC, desktop PC and motherboard, 2) consumer electronics: tablet devices, game consoles, LCV TV and multimedia player and 3) communication device: smartphone, broadband and networking device.

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