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Twinhead International (TPE:2364) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Twinhead International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Twinhead International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Twinhead International'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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Twinhead International Cyclically Adjusted Price-to-FCF Chart

Twinhead International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Twinhead International 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 Twinhead International's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Twinhead International'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.


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

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

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



Twinhead International 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.

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

For example, Twinhead International'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)
=0.318/131.7762*131.7762
=0.318

Current CPI (Mar. 2024) = 131.7762.

Twinhead International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.943 100.560 -2.546
201409 -6.880 100.428 -9.028
201412 -0.143 99.070 -0.190
201503 -3.685 99.621 -4.874
201506 -0.359 100.684 -0.470
201509 0.352 100.392 0.462
201512 2.709 99.792 3.577
201603 -4.480 100.470 -5.876
201606 -1.228 101.688 -1.591
201609 -3.981 101.861 -5.150
201612 -0.618 101.863 -0.799
201703 -3.137 102.862 -4.019
201706 -0.507 103.349 -0.646
201709 -0.872 104.136 -1.103
201712 -0.730 104.011 -0.925
201803 -0.391 105.290 -0.489
201806 -0.389 106.317 -0.482
201809 -1.829 106.507 -2.263
201812 0.152 105.998 0.189
201903 -0.061 107.251 -0.075
201906 -0.188 108.070 -0.229
201909 0.124 108.329 0.151
201912 0.970 108.420 1.179
202003 -2.219 108.902 -2.685
202006 1.007 108.767 1.220
202009 2.661 109.815 3.193
202012 1.439 109.897 1.725
202103 -1.391 111.754 -1.640
202106 2.085 114.631 2.397
202109 -0.475 115.734 -0.541
202112 -0.225 117.630 -0.252
202203 0.410 121.301 0.445
202206 0.766 125.017 0.807
202209 1.378 125.227 1.450
202212 0.375 125.222 0.395
202303 1.231 127.348 1.274
202306 0.171 128.729 0.175
202309 1.189 129.860 1.207
202312 2.771 129.419 2.821
202403 0.318 131.776 0.318

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.


Twinhead International  (TPE:2364) 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.


Twinhead International Cyclically Adjusted Price-to-FCF Related Terms

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Twinhead International (TPE:2364) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 550, Ruiguang Road, 9th Floor, Neihu District, Taipei, TWN, 114
Twinhead International Corp is engaged in the manufacturing of personal computers and peripherals. Its product offerings include mobile computers for military/industrial applications, rugged tablet PCs, semi-rugged mobile computers, mobile thin clients, medical tablet PCs, and other customized motherboards/systems. In addition to standard product lines, the company also offers full original design manufacturing and partial customization service.

Twinhead International (TPE:2364) Headlines

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