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Shinkong Synthetic Fiber (TPE:1409) Cyclically Adjusted Price-to-FCF : 34.69 (As of May. 23, 2024)


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What is Shinkong Synthetic Fiber Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Shinkong Synthetic Fiber's current share price is NT$16.65. Shinkong Synthetic Fiber's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.48. Shinkong Synthetic Fiber's Cyclically Adjusted Price-to-FCF for today is 34.69.

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

TPE:1409' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.19   Med: 12.41   Max: 50.16
Current: 35.72

During the past years, Shinkong Synthetic Fiber's highest Cyclically Adjusted Price-to-FCF was 50.16. The lowest was 5.19. And the median was 12.41.

TPE:1409's Cyclically Adjusted Price-to-FCF is ranked worse than
71.71% of 350 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.425 vs TPE:1409: 35.72

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.

Shinkong Synthetic Fiber's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.121. 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$0.48 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinkong Synthetic Fiber Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber Cyclically Adjusted Price-to-FCF Chart

Shinkong Synthetic Fiber 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 6.62 9.37 13.00 11.96 47.98

Shinkong Synthetic Fiber 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 15.26 21.09 22.65 47.98 32.68

Competitive Comparison of Shinkong Synthetic Fiber's Cyclically Adjusted Price-to-FCF

For the Textile Manufacturing subindustry, Shinkong Synthetic Fiber'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.


Shinkong Synthetic Fiber's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinkong Synthetic Fiber's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Shinkong Synthetic Fiber 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.

Shinkong Synthetic Fiber's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.65/0.48
=34.69

* 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.

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

For example, Shinkong Synthetic Fiber'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)
=0.121/131.7762*131.7762
=0.121

Current CPI (Mar. 2024) = 131.7762.

Shinkong Synthetic Fiber Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.153 100.560 0.200
201409 -0.752 100.428 -0.987
201412 2.100 99.070 2.793
201503 -0.477 99.621 -0.631
201506 1.506 100.684 1.971
201509 1.821 100.392 2.390
201512 -2.018 99.792 -2.665
201603 0.201 100.470 0.264
201606 5.059 101.688 6.556
201609 1.537 101.861 1.988
201612 0.540 101.863 0.699
201703 -0.877 102.862 -1.124
201706 -1.470 103.349 -1.874
201709 2.480 104.136 3.138
201712 0.489 104.011 0.620
201803 0.405 105.290 0.507
201806 -1.728 106.317 -2.142
201809 1.971 106.507 2.439
201812 1.625 105.998 2.020
201903 1.789 107.251 2.198
201906 -3.017 108.070 -3.679
201909 1.465 108.329 1.782
201912 1.867 108.420 2.269
202003 0.117 108.902 0.142
202006 -1.539 108.767 -1.865
202009 -1.024 109.815 -1.229
202012 -1.316 109.897 -1.578
202103 -3.741 111.754 -4.411
202106 0.574 114.631 0.660
202109 -0.650 115.734 -0.740
202112 0.449 117.630 0.503
202203 -4.364 121.301 -4.741
202206 0.375 125.017 0.395
202209 4.823 125.227 5.075
202212 -0.671 125.222 -0.706
202303 -2.729 127.348 -2.824
202306 -1.115 128.729 -1.141
202309 -1.604 129.860 -1.628
202312 0.006 129.419 0.006
202403 0.121 131.776 0.121

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.


Shinkong Synthetic Fiber  (TPE:1409) 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.


Shinkong Synthetic Fiber Cyclically Adjusted Price-to-FCF Related Terms

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Shinkong Synthetic Fiber (TPE:1409) Business Description

Traded in Other Exchanges
N/A
Address
No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657
Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

Shinkong Synthetic Fiber (TPE:1409) Headlines

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