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New Palace International Co (TPE:8940) Cyclically Adjusted Price-to-FCF : 111.04 (As of May. 26, 2024)


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What is New Palace International Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), New Palace International Co's current share price is NT$26.65. New Palace International Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.24. New Palace International Co's Cyclically Adjusted Price-to-FCF for today is 111.04.

The historical rank and industry rank for New Palace International Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:8940' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 46.32   Med: 103.18   Max: 1527.5
Current: 109.77

During the past years, New Palace International Co's highest Cyclically Adjusted Price-to-FCF was 1527.50. The lowest was 46.32. And the median was 103.18.

TPE:8940's Cyclically Adjusted Price-to-FCF is ranked worse than
95.93% of 123 companies
in the Restaurants industry
Industry Median: 15.67 vs TPE:8940: 109.77

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.

New Palace International Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.989. 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$0.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


New Palace International Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for New Palace International Co'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.

New Palace International Co Cyclically Adjusted Price-to-FCF Chart

New Palace International Co 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 61.22 100.37 - - 1,259.71

New Palace International Co 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 - - - 1,259.71 104.82

Competitive Comparison of New Palace International Co's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, New Palace International Co'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.


New Palace International Co's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, New Palace International Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



New Palace International Co 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.

New Palace International Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.65/0.24
=111.04

* 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.

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

For example, New Palace International Co'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)
=0.989/131.7762*131.7762
=0.989

Current CPI (Mar. 2024) = 131.7762.

New Palace International Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.589 100.560 0.772
201409 -2.256 100.428 -2.960
201412 0.274 99.070 0.364
201503 0.130 99.621 0.172
201506 0.440 100.684 0.576
201509 0.229 100.392 0.301
201512 1.626 99.792 2.147
201603 1.065 100.470 1.397
201606 -0.594 101.688 -0.770
201609 -2.351 101.861 -3.041
201612 0.318 101.863 0.411
201703 -0.750 102.862 -0.961
201706 -0.465 103.349 -0.593
201709 -1.435 104.136 -1.816
201712 0.767 104.011 0.972
201803 0.244 105.290 0.305
201806 -0.497 106.317 -0.616
201809 -1.999 106.507 -2.473
201812 -0.130 105.998 -0.162
201903 1.276 107.251 1.568
201906 0.478 108.070 0.583
201909 -0.135 108.329 -0.164
201912 2.289 108.420 2.782
202003 -0.052 108.902 -0.063
202006 -0.828 108.767 -1.003
202009 0.559 109.815 0.671
202012 1.587 109.897 1.903
202103 0.044 111.754 0.052
202106 -0.940 114.631 -1.081
202109 -1.494 115.734 -1.701
202112 1.399 117.630 1.567
202203 0.412 121.301 0.448
202206 -0.984 125.017 -1.037
202209 -0.593 125.227 -0.624
202212 1.024 125.222 1.078
202303 -0.198 127.348 -0.205
202306 0.769 128.729 0.787
202309 -0.156 129.860 -0.158
202312 1.976 129.419 2.012
202403 0.989 131.776 0.989

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.


New Palace International Co  (TPE:8940) 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.


New Palace International Co Cyclically Adjusted Price-to-FCF Related Terms

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New Palace International Co (TPE:8940) Business Description

Traded in Other Exchanges
N/A
Address
No. 456, Hanxi East Road, Section 1, East District, Taichang, TWN, 401
New Palace International Co Ltd is a Taiwan based company engaged in the catering industry. Its products and services include the provision of traditional catering services, banquets, and buffets.

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