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Tehmag Foods (ROCO:1264) Cyclically Adjusted Price-to-FCF : 19.85 (As of Jun. 09, 2024)


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What is Tehmag Foods Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Tehmag Foods's current share price is NT$312.50. Tehmag Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$15.74. Tehmag Foods's Cyclically Adjusted Price-to-FCF for today is 19.85.

The historical rank and industry rank for Tehmag Foods's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ROCO:1264' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.89   Med: 19.35   Max: 20.52
Current: 19.7

During the past years, Tehmag Foods's highest Cyclically Adjusted Price-to-FCF was 20.52. The lowest was 17.89. And the median was 19.35.

ROCO:1264's Cyclically Adjusted Price-to-FCF is ranked better than
56.78% of 715 companies
in the Consumer Packaged Goods industry
Industry Median: 23.11 vs ROCO:1264: 19.70

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.

Tehmag Foods's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$7.103. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is NT$15.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tehmag Foods Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tehmag Foods's Cyclically Adjusted Price-to-FCF 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.

Tehmag Foods Cyclically Adjusted Price-to-FCF Chart

Tehmag Foods Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 19.42

Tehmag Foods Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 17.89 19.26 19.44 19.42 19.38

Competitive Comparison of Tehmag Foods's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Tehmag Foods'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.


Tehmag Foods's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tehmag Foods's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tehmag Foods Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Tehmag Foods's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=312.50/15.74
=19.85

* 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.

Tehmag Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tehmag Foods'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)
=7.103/131.7762*131.7762
=7.103

Current CPI (Mar. 2024) = 131.7762.

Tehmag Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.889 100.560 1.165
201409 -0.073 100.428 -0.096
201412 1.769 99.070 2.353
201503 1.009 99.621 1.335
201506 2.926 100.684 3.830
201509 -1.043 100.392 -1.369
201512 5.578 99.792 7.366
201603 1.949 100.470 2.556
201606 3.810 101.688 4.937
201609 4.253 101.861 5.502
201612 4.049 101.863 5.238
201703 4.966 102.862 6.362
201706 1.036 103.349 1.321
201709 1.283 104.136 1.624
201712 3.453 104.011 4.375
201803 4.060 105.290 5.081
201806 0.413 106.317 0.512
201809 3.792 106.507 4.692
201812 6.946 105.998 8.635
201903 5.160 107.251 6.340
201906 1.940 108.070 2.366
201909 1.932 108.329 2.350
201912 4.649 108.420 5.650
202003 3.211 108.902 3.885
202006 3.209 108.767 3.888
202009 3.881 109.815 4.657
202012 5.515 109.897 6.613
202103 5.001 111.754 5.897
202106 1.322 114.631 1.520
202109 3.750 115.734 4.270
202112 5.251 117.630 5.883
202203 4.206 121.301 4.569
202206 -0.861 125.017 -0.908
202209 7.257 125.227 7.637
202212 2.333 125.222 2.455
202303 7.005 127.348 7.249
202306 1.842 128.729 1.886
202309 2.312 129.860 2.346
202312 6.176 129.419 6.288
202403 7.103 131.776 7.103

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


Tehmag Foods  (ROCO:1264) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Tehmag Foods Cyclically Adjusted Price-to-FCF Related Terms

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


Tehmag Foods (ROCO:1264) Business Description

Traded in Other Exchanges
N/A
Address
No.31, Wuquan 5th Road, Wugu District, New Taipei, TWN
Tehmag Foods Corp is engaged in Baking, cooking and steaming food manufacturing industry; Flour milling industry; Food additive manufacturing industry; Noodle and vermicelli food manufacturing industry and Food and beverage retail industry. Its marketing channels include bakery shops, hotels, restaurants. The company offers baked goods, dairy products, all kinds of packaging materials and instruments of baking mixes.

Tehmag Foods (ROCO:1264) Headlines

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