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Topower Co (ROCO:3226) Cyclically Adjusted Price-to-FCF : 16.23 (As of Jun. 09, 2024)


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What is Topower Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Topower Co's current share price is NT$55.50. Topower Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.42. Topower Co's Cyclically Adjusted Price-to-FCF for today is 16.23.

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

ROCO:3226' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.69   Med: 25.46   Max: 54.77
Current: 16.24

During the past years, Topower Co's highest Cyclically Adjusted Price-to-FCF was 54.77. The lowest was 15.69. And the median was 25.46.

ROCO:3226's Cyclically Adjusted Price-to-FCF is ranked better than
76.55% of 1032 companies
in the Industrial Products industry
Industry Median: 32.78 vs ROCO:3226: 16.24

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.

Topower Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$1.100. 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$3.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Topower Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Topower Co'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.

Topower Co Cyclically Adjusted Price-to-FCF Chart

Topower Co 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 49.99 33.53 26.25 20.72 18.87

Topower 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 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 17.37 19.90 16.08 18.87 16.74

Competitive Comparison of Topower Co's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Topower 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.


Topower Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Topower Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Topower Co 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.

Topower Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=55.50/3.42
=16.23

* 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.

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

For example, Topower 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)
=1.1/131.7762*131.7762
=1.100

Current CPI (Mar. 2024) = 131.7762.

Topower Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.929 100.560 1.217
201409 0.811 100.428 1.064
201412 0.463 99.070 0.616
201503 -0.447 99.621 -0.591
201506 1.105 100.684 1.446
201509 1.586 100.392 2.082
201512 0.847 99.792 1.118
201603 -0.181 100.470 -0.237
201606 1.582 101.688 2.050
201609 0.363 101.861 0.470
201612 1.633 101.863 2.113
201703 -1.106 102.862 -1.417
201706 0.552 103.349 0.704
201709 0.179 104.136 0.227
201712 1.325 104.011 1.679
201803 -0.222 105.290 -0.278
201806 2.407 106.317 2.983
201809 1.171 106.507 1.449
201812 0.672 105.998 0.835
201903 0.908 107.251 1.116
201906 1.690 108.070 2.061
201909 -0.383 108.329 -0.466
201912 1.137 108.420 1.382
202003 0.534 108.902 0.646
202006 0.787 108.767 0.953
202009 3.904 109.815 4.685
202012 1.334 109.897 1.600
202103 -0.200 111.754 -0.236
202106 1.528 114.631 1.757
202109 0.722 115.734 0.822
202112 -1.959 117.630 -2.195
202203 -1.264 121.301 -1.373
202206 0.079 125.017 0.083
202209 -0.661 125.227 -0.696
202212 2.392 125.222 2.517
202303 2.164 127.348 2.239
202306 -1.028 128.729 -1.052
202309 0.484 129.860 0.491
202312 1.188 129.419 1.210
202403 1.100 131.776 1.100

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.


Topower Co  (ROCO:3226) 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.


Topower Co Cyclically Adjusted Price-to-FCF Related Terms

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


Topower Co (ROCO:3226) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.75, Huangong Road, Yongkang District, Tainan, TWN, 71041
Topower Co Ltd is a Taiwan-based company that manufactures switching mode power supply products. The company also engaged in developing auto lamps and accessories including headlights, rear lights, driving lights, fog lights, DRL, work lights, stop lights, front position lights, and warning lights. Its product offerings include auto parts, power supply products, led products, and auto lamps.

Topower Co (ROCO:3226) Headlines

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