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CSBC Taiwan (TPE:2208) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is CSBC Taiwan Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CSBC Taiwan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CSBC Taiwan'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.

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CSBC Taiwan Cyclically Adjusted Price-to-FCF Chart

CSBC Taiwan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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CSBC Taiwan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of CSBC Taiwan's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, CSBC Taiwan'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.


CSBC Taiwan's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSBC Taiwan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CSBC Taiwan 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.

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

For example, CSBC Taiwan'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)
=-1.324/131.7762*131.7762
=-1.324

Current CPI (Mar. 2024) = 131.7762.

CSBC Taiwan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.986 100.560 -2.603
201409 -3.314 100.428 -4.348
201412 -8.010 99.070 -10.654
201503 5.179 99.621 6.851
201506 8.715 100.684 11.406
201509 3.733 100.392 4.900
201512 -5.400 99.792 -7.131
201603 -7.817 100.470 -10.253
201606 2.465 101.688 3.194
201609 -3.781 101.861 -4.891
201612 -8.039 101.863 -10.400
201703 -13.753 102.862 -17.619
201706 6.169 103.349 7.866
201709 -0.311 104.136 -0.394
201712 -2.737 104.011 -3.468
201803 -3.549 105.290 -4.442
201806 3.742 106.317 4.638
201809 4.311 106.507 5.334
201812 -7.491 105.998 -9.313
201903 -5.524 107.251 -6.787
201906 0.754 108.070 0.919
201909 -2.974 108.329 -3.618
201912 6.357 108.420 7.726
202003 -10.176 108.902 -12.313
202006 -4.332 108.767 -5.248
202009 -2.266 109.815 -2.719
202012 1.186 109.897 1.422
202103 -3.451 111.754 -4.069
202106 0.858 114.631 0.986
202109 -1.490 115.734 -1.697
202112 1.111 117.630 1.245
202203 -4.483 121.301 -4.870
202206 -1.807 125.017 -1.905
202209 -2.014 125.227 -2.119
202212 -0.754 125.222 -0.793
202303 0.552 127.348 0.571
202306 -0.988 128.729 -1.011
202309 2.670 129.860 2.709
202312 5.307 129.419 5.404
202403 -1.324 131.776 -1.324

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.


CSBC Taiwan  (TPE:2208) 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.


CSBC Taiwan Cyclically Adjusted Price-to-FCF Related Terms

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CSBC Taiwan (TPE:2208) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Jhonggang Road, Hsiao Kang District, Kaohsiung, TWN, 81234
CSBC Corp Taiwan is a shipbuilding company. The company organizes itself into two segments: construction of ships and vessels, and all other segments. Construction of ships and vessels, which contributes to the vast majority of revenue, manufactures and repairs marine vessels, oil drilling rigs, and onshore equipment. All other segments principally include engineering machinery. The company is headquartered in Taiwan, but generates the portion of revenue in Taiwan, followed by domestic operations.

CSBC Taiwan (TPE:2208) Headlines

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