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TES Co (XKRX:095610) Cyclically Adjusted Price-to-FCF : 19.75 (As of May. 18, 2024)


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What is TES Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), TES Co's current share price is ₩23150.00. TES Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₩1,172.30. TES Co's Cyclically Adjusted Price-to-FCF for today is 19.75.

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

XKRX:095610' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.76   Med: 30.32   Max: 426.52
Current: 20.39

During the past years, TES Co's highest Cyclically Adjusted Price-to-FCF was 426.52. The lowest was 13.76. And the median was 30.32.

XKRX:095610's Cyclically Adjusted Price-to-FCF is ranked better than
75.22% of 347 companies
in the Semiconductors industry
Industry Median: 37.92 vs XKRX:095610: 20.39

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.

TES Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₩-839.779. 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 ₩1,172.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TES Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TES 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.

TES Co Cyclically Adjusted Price-to-FCF Chart

TES 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 42.23 49.43 31.40 16.13 17.15

TES Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 16.13 18.76 16.88 16.18 17.15

Competitive Comparison of TES Co's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, TES 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.


TES Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, TES Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



TES 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.

TES Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23150.00/1172.3
=19.75

* 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.

TES Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, TES Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-839.779/118.8477*118.8477
=-839.779

Current CPI (Dec. 2023) = 118.8477.

TES Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1,458.753 99.253 1,746.743
201406 -226.685 99.353 -271.164
201409 -197.480 99.608 -235.624
201412 364.393 99.098 437.015
201503 269.839 99.720 321.598
201506 -305.088 100.050 -362.409
201509 90.525 100.110 107.469
201512 -277.079 100.220 -328.579
201603 -256.217 100.560 -302.812
201606 220.455 100.790 259.952
201609 238.962 101.460 279.914
201612 140.383 101.560 164.279
201703 75.255 102.850 86.960
201706 1,551.268 102.610 1,796.751
201709 699.582 103.490 803.399
201712 -1,249.280 102.990 -1,441.636
201803 1,114.203 104.100 1,272.051
201806 222.454 104.130 253.896
201809 -465.398 105.650 -523.535
201812 597.236 104.350 680.212
201903 1,217.770 104.490 1,385.101
201906 144.053 104.880 163.238
201909 96.852 105.200 109.417
201912 -3.430 105.120 -3.878
202003 294.891 105.540 332.074
202006 159.084 104.870 180.288
202009 303.491 106.200 339.635
202012 -299.116 105.765 -336.114
202103 599.648 107.357 663.829
202106 2,356.692 107.579 2,603.561
202109 234.250 108.759 255.979
202112 128.441 109.676 139.181
202203 -180.769 111.806 -192.154
202206 701.888 114.083 731.204
202209 1,018.437 114.831 1,054.058
202212 -1,088.150 115.200 -1,122.603
202303 427.267 116.550 435.692
202306 1,346.053 117.140 1,365.677
202309 -286.513 119.111 -285.879
202312 -839.779 118.848 -839.779

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.


TES Co  (XKRX:095610) 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.


TES Co Cyclically Adjusted Price-to-FCF Related Terms

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


TES Co (XKRX:095610) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2374-36 Jungbu-Daero, Yangji-Myun, Cheoin-Gu, Gyeonggi-do, Yongin-Si, KOR, 17162
TES Co Ltd is a Korea-based company which manufactures and provides semiconductor, solar cell and display and compound semiconductor equipment. It offers the product such as offers PECVD, dry cleaning, and single LPCVD for semiconductors, mass products for solar cells, pathfinder series products for display and OLED and HESTIA-2G for optoelectronics. All the business activity of the group is primarily functioned through Korea but its product is distributed with in Korea and to the international market as well.

TES Co (XKRX:095610) Headlines

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