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Gold Circuit Electronics (TPE:2368) Cyclically Adjusted Price-to-FCF : 58.84 (As of May. 24, 2024)


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What is Gold Circuit Electronics Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Gold Circuit Electronics's current share price is NT$203.00. Gold Circuit Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.45. Gold Circuit Electronics's Cyclically Adjusted Price-to-FCF for today is 58.84.

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

TPE:2368' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.78   Med: 51   Max: 84.47
Current: 59.81

During the past years, Gold Circuit Electronics's highest Cyclically Adjusted Price-to-FCF was 84.47. The lowest was 27.78. And the median was 51.00.

TPE:2368's Cyclically Adjusted Price-to-FCF is ranked worse than
73.55% of 930 companies
in the Hardware industry
Industry Median: 30.555 vs TPE:2368: 59.81

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.

Gold Circuit Electronics's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.301. 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$3.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Circuit Electronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gold Circuit Electronics'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.

Gold Circuit Electronics Cyclically Adjusted Price-to-FCF Chart

Gold Circuit Electronics 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 32.61 48.24 47.67 36.45 65.73

Gold Circuit Electronics 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 35.33 47.96 67.73 65.73 71.25

Competitive Comparison of Gold Circuit Electronics's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Gold Circuit Electronics'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.


Gold Circuit Electronics's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Gold Circuit Electronics 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.

Gold Circuit Electronics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=203.00/3.45
=58.84

* 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.

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

For example, Gold Circuit Electronics'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)
=0.301/131.7762*131.7762
=0.301

Current CPI (Mar. 2024) = 131.7762.

Gold Circuit Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.323 100.560 -0.423
201409 1.088 100.428 1.428
201412 0.367 99.070 0.488
201503 1.270 99.621 1.680
201506 0.922 100.684 1.207
201509 -0.343 100.392 -0.450
201512 0.868 99.792 1.146
201603 0.395 100.470 0.518
201606 0.912 101.688 1.182
201609 0.494 101.861 0.639
201612 0.585 101.863 0.757
201703 0.746 102.862 0.956
201706 -0.920 103.349 -1.173
201709 -0.644 104.136 -0.815
201712 1.613 104.011 2.044
201803 -0.656 105.290 -0.821
201806 -0.327 106.317 -0.405
201809 0.665 106.507 0.823
201812 0.146 105.998 0.182
201903 0.303 107.251 0.372
201906 0.486 108.070 0.593
201909 -0.177 108.329 -0.215
201912 1.369 108.420 1.664
202003 -0.037 108.902 -0.045
202006 1.108 108.767 1.342
202009 1.616 109.815 1.939
202012 1.984 109.897 2.379
202103 0.818 111.754 0.965
202106 0.730 114.631 0.839
202109 0.711 115.734 0.810
202112 0.564 117.630 0.632
202203 -0.020 121.301 -0.022
202206 1.798 125.017 1.895
202209 1.778 125.227 1.871
202212 2.494 125.222 2.625
202303 2.681 127.348 2.774
202306 1.203 128.729 1.231
202309 0.172 129.860 0.175
202312 3.378 129.419 3.440
202403 0.301 131.776 0.301

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.


Gold Circuit Electronics  (TPE:2368) 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.


Gold Circuit Electronics Cyclically Adjusted Price-to-FCF Related Terms

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


Gold Circuit Electronics (TPE:2368) Business Description

Traded in Other Exchanges
N/A
Address
No. 113, Xiyuan Road, Zhongli Industrial Park, Zhongli District, Taoyuan, TWN, 320
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applies in notebooks, handheld devices, telecommunications, networking and server & storage fields, among others.

Gold Circuit Electronics (TPE:2368) Headlines

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