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Avertronics (ROCO:3597) Cyclically Adjusted Price-to-FCF : 20.04 (As of May. 19, 2024)


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What is Avertronics Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), Avertronics's current share price is NT$23.85. Avertronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.19. Avertronics's Cyclically Adjusted Price-to-FCF for today is 20.04.

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

ROCO:3597' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.06   Med: 19.9   Max: 20.6
Current: 20.05

During the past years, Avertronics's highest Cyclically Adjusted Price-to-FCF was 20.60. The lowest was 17.06. And the median was 19.90.

ROCO:3597's Cyclically Adjusted Price-to-FCF is ranked better than
64.9% of 960 companies
in the Hardware industry
Industry Median: 29.78 vs ROCO:3597: 20.05

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.

Avertronics's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.042. 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$1.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avertronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Avertronics'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.

Avertronics Cyclically Adjusted Price-to-FCF Chart

Avertronics 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 - - - - 17.41

Avertronics 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 - - - 17.41 20.43

Competitive Comparison of Avertronics's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Avertronics'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.


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

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

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



Avertronics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.85/1.19
=20.04

* 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.

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

For example, Avertronics'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)
=-0.042/131.7762*131.7762
=-0.042

Current CPI (Mar. 2024) = 131.7762.

Avertronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201006 0.000 91.962 0.000
201012 0.000 92.474 0.000
201106 0.000 95.235 0.000
201112 0.000 95.213 0.000
201206 0.000 96.819 0.000
201212 0.000 96.871 0.000
201306 0.000 98.518 0.000
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201506 0.000 100.684 0.000
201512 0.000 99.792 0.000
201606 0.000 101.688 0.000
201612 0.000 101.863 0.000
201706 0.000 103.349 0.000
201712 0.000 104.011 0.000
201806 0.000 106.317 0.000
201809 0.000 106.507 0.000
201812 0.000 105.998 0.000
201903 -0.265 107.251 -0.326
201906 0.256 108.070 0.312
201909 -0.546 108.329 -0.664
201912 0.710 108.420 0.863
202003 0.427 108.902 0.517
202006 -0.732 108.767 -0.887
202009 -0.210 109.815 -0.252
202012 0.987 109.897 1.184
202103 -0.212 111.754 -0.250
202106 0.180 114.631 0.207
202109 0.560 115.734 0.638
202112 0.343 117.630 0.384
202203 -0.172 121.301 -0.187
202206 -0.023 125.017 -0.024
202209 -0.637 125.227 -0.670
202212 2.034 125.222 2.140
202303 2.542 127.348 2.630
202306 -0.128 128.729 -0.131
202309 0.802 129.860 0.814
202312 -0.010 129.419 -0.010
202403 -0.042 131.776 -0.042

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.


Avertronics  (ROCO:3597) 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.


Avertronics Cyclically Adjusted Price-to-FCF Related Terms

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


Avertronics (ROCO:3597) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No 10 Gong Yecyu 19th Road, Taichung Industrial Zone, Taichung, TWN
Avertronics Inc operates as a contract manufacturer for connector, wire-harness, wireless control and lighting control system products in Taiwan. Its products are used in automotive electronics, electrical machinery, photoelectric information, health care, lighting, and other optoelectronic industry.

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