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In Win Development (TPE:6117) Cyclically Adjusted FCF per Share : NT$-1.20 (As of Mar. 2024)


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What is In Win Development 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.

In Win Development's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.711. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-1.20 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -35.90% 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 In Win Development was -35.90% per year. The lowest was -35.90% per year. And the median was -35.90% per year.

As of today (2024-06-10), In Win Development's current stock price is NT$133.50. In Win Development's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-1.20. In Win Development's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of In Win Development was 496.25. The lowest was 35.95. And the median was 115.21.


In Win Development Cyclically Adjusted FCF per Share Historical Data

The historical data trend for In Win Development'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.

In Win Development Cyclically Adjusted FCF per Share Chart

In Win Development 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 0.12 -0.51 -1.51 -1.37 -1.28

In Win Development 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 -1.55 -1.56 -1.28 -1.28 -1.20

Competitive Comparison of In Win Development's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, In Win Development'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.


In Win Development's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



In Win Development 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, In Win Development'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)
=0.711/131.7762*131.7762
=0.711

Current CPI (Mar. 2024) = 131.7762.

In Win Development Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.289 100.560 1.689
201409 -1.030 100.428 -1.352
201412 -0.789 99.070 -1.049
201503 -1.621 99.621 -2.144
201506 -0.032 100.684 -0.042
201509 0.857 100.392 1.125
201512 -0.156 99.792 -0.206
201603 -1.132 100.470 -1.485
201606 -1.552 101.688 -2.011
201609 1.424 101.861 1.842
201612 0.213 101.863 0.276
201703 -3.026 102.862 -3.877
201706 -0.659 103.349 -0.840
201709 -0.104 104.136 -0.132
201712 8.157 104.011 10.334
201803 -1.913 105.290 -2.394
201806 -1.369 106.317 -1.697
201809 -1.276 106.507 -1.579
201812 -1.975 105.998 -2.455
201903 -0.401 107.251 -0.493
201906 0.329 108.070 0.401
201909 0.255 108.329 0.310
201912 -0.036 108.420 -0.044
202003 0.236 108.902 0.286
202006 -1.487 108.767 -1.802
202009 -3.533 109.815 -4.240
202012 -0.488 109.897 -0.585
202103 -2.127 111.754 -2.508
202106 -1.530 114.631 -1.759
202109 -1.876 115.734 -2.136
202112 0.012 117.630 0.013
202203 -2.073 121.301 -2.252
202206 1.086 125.017 1.145
202209 1.370 125.227 1.442
202212 1.522 125.222 1.602
202303 -0.863 127.348 -0.893
202306 0.548 128.729 0.561
202309 2.302 129.860 2.336
202312 1.854 129.419 1.888
202403 0.711 131.776 0.711

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


In Win Development  (TPE:6117) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of In Win Development was 496.25. The lowest was 35.95. And the median was 115.21.


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.


In Win Development Cyclically Adjusted FCF per Share Related Terms

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


In Win Development (TPE:6117) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Nanshang Road, No 57, Lane 350, Guishan District, Taoyuan, TWN
In Win Development Inc is a Taiwan-based company engaged in the design and manufacturing of professional computer chassis, power supplies and digital storage devices. The company provides PC cases, server cases, gaming chassis, fans, power supplies and storage kits.

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