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Chenming Electronic Technology (TPE:3013) Cyclically Adjusted Price-to-FCF : 1,147.50 (As of Jun. 09, 2024)


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What is Chenming Electronic Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Chenming Electronic Technology's current share price is NT$91.80. Chenming Electronic Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.08. Chenming Electronic Technology's Cyclically Adjusted Price-to-FCF for today is 1,147.50.

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

TPE:3013' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.04   Med: 23.91   Max: 1547.5
Current: 1202.63

During the past years, Chenming Electronic Technology's highest Cyclically Adjusted Price-to-FCF was 1547.50. The lowest was 16.04. And the median was 23.91.

TPE:3013's Cyclically Adjusted Price-to-FCF is ranked worse than
98.55% of 966 companies
in the Hardware industry
Industry Median: 30.465 vs TPE:3013: 1202.63

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.

Chenming Electronic Technology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.274. 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$0.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chenming Electronic Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chenming Electronic Technology'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.

Chenming Electronic Technology Cyclically Adjusted Price-to-FCF Chart

Chenming Electronic Technology 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 23.96 23.23 - - 1,079.15

Chenming Electronic Technology 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 - - - 1,079.15 795.21

Competitive Comparison of Chenming Electronic Technology's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Chenming Electronic Technology'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.


Chenming Electronic Technology's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Chenming Electronic Technology 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.

Chenming Electronic Technology's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=91.80/0.08
=1,147.50

* 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.

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

For example, Chenming Electronic Technology'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)
=-0.274/131.7762*131.7762
=-0.274

Current CPI (Mar. 2024) = 131.7762.

Chenming Electronic Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.040 100.560 0.052
201409 0.118 100.428 0.155
201412 0.192 99.070 0.255
201503 -0.351 99.621 -0.464
201506 0.643 100.684 0.842
201509 1.240 100.392 1.628
201512 -0.633 99.792 -0.836
201603 -0.451 100.470 -0.592
201606 0.432 101.688 0.560
201609 2.011 101.861 2.602
201612 1.249 101.863 1.616
201703 -1.123 102.862 -1.439
201706 -0.105 103.349 -0.134
201709 1.274 104.136 1.612
201712 1.146 104.011 1.452
201803 -0.992 105.290 -1.242
201806 -1.021 106.317 -1.265
201809 0.092 106.507 0.114
201812 0.805 105.998 1.001
201903 0.206 107.251 0.253
201906 0.211 108.070 0.257
201909 -0.335 108.329 -0.408
201912 0.564 108.420 0.685
202003 -0.160 108.902 -0.194
202006 0.027 108.767 0.033
202009 2.101 109.815 2.521
202012 -2.240 109.897 -2.686
202103 -0.544 111.754 -0.641
202106 -0.610 114.631 -0.701
202109 -2.005 115.734 -2.283
202112 -8.365 117.630 -9.371
202203 0.467 121.301 0.507
202206 0.089 125.017 0.094
202209 1.061 125.227 1.116
202212 0.838 125.222 0.882
202303 1.608 127.348 1.664
202306 0.156 128.729 0.160
202309 0.914 129.860 0.927
202312 2.263 129.419 2.304
202403 -0.274 131.776 -0.274

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.


Chenming Electronic Technology  (TPE:3013) 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.


Chenming Electronic Technology Cyclically Adjusted Price-to-FCF Related Terms

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Chenming Electronic Technology (TPE:3013) Business Description

Traded in Other Exchanges
N/A
Address
No. 27, Section 6, Mincyuan East Road, Neihu District, 2-6 Floor, Taipei, TWN, 114
Chenming Electronic Technology Corp is a OEM/ODM manufacturer. The business activities of the Group are production of mechanical parts, computer cases, manufacturing and development of mobile devices. Geographically it operates through Taiwan. The group has only one operating segment, which produces computer and mobile device components.

Chenming Electronic Technology (TPE:3013) Headlines

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