GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Technical Communications Corp (OTCPK:TCCO) » Definitions » Cyclically Adjusted Price-to-FCF

Technical Communications (Technical Communications) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Technical Communications Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Technical Communications Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Technical Communications'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.

Technical Communications Cyclically Adjusted Price-to-FCF Chart

Technical Communications Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.66 40.80 - - -

Technical Communications Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 - - - - -

Competitive Comparison of Technical Communications's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Technical Communications'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.


Technical Communications's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Technical Communications 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.

Technical Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Technical Communications's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=-0.083/128.7287*128.7287
=-0.083

Current CPI (Jun. 2023) = 128.7287.

Technical Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 0.345 98.790 0.450
201312 0.866 98.326 1.134
201403 -0.190 99.695 -0.245
201406 -0.302 100.560 -0.387
201409 -0.350 100.428 -0.449
201412 -0.591 99.070 -0.768
201503 -0.402 99.621 -0.519
201506 0.298 100.684 0.381
201509 -0.385 100.392 -0.494
201512 -0.567 99.792 -0.731
201603 0.772 100.470 0.989
201606 -0.557 101.688 -0.705
201609 -0.167 101.861 -0.211
201612 -0.643 101.863 -0.813
201703 -0.254 102.862 -0.318
201706 0.110 103.349 0.137
201709 -0.161 104.136 -0.199
201712 0.129 104.011 0.160
201803 -0.165 105.290 -0.202
201806 -0.041 106.317 -0.050
201809 0.282 106.507 0.341
201812 -0.126 105.998 -0.153
201903 0.009 107.251 0.011
201906 -0.532 108.070 -0.634
201909 0.448 108.329 0.532
201912 -0.457 108.420 -0.543
202003 -0.078 108.902 -0.092
202006 -0.065 108.767 -0.077
202009 0.220 109.815 0.258
202012 -0.458 109.897 -0.536
202103 -0.311 111.754 -0.358
202106 -0.430 114.631 -0.483
202109 -0.263 115.734 -0.293
202112 -0.211 117.630 -0.231
202203 -0.421 121.301 -0.447
202206 -0.237 125.017 -0.244
202209 -0.360 125.227 -0.370
202212 -0.363 125.222 -0.373
202303 -0.073 127.348 -0.074
202306 -0.083 128.729 -0.083

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.


Technical Communications  (OTCPK:TCCO) 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.


Technical Communications Cyclically Adjusted Price-to-FCF Related Terms

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


Technical Communications (Technical Communications) Business Description

Traded in Other Exchanges
N/A
Address
100 Domino Drive, Concord, MA, USA, 01742-2892
Technical Communications Corp designs, develops, manufactures, distributes, and markets communications security equipment. The company produces and supplies several custom-designed, special-purpose, and standard secure communications products for both domestic and international customers. Its products consist of voice, data, facsimile encryptors and video networks for military, government and corporate/industrial applications. In addition to product sales, it generates revenues from contract engineering services for certain government agencies, domestic and foreign, and commercial entities.
Executives
Ralph M Norwood director 111 SOUTH WORCESTER STREET, NORTON MA 02766
Guild Carl H Jr director, officer: CEO
Thomas E Peoples director
Francisco F Blanco director 1915 TOWNE CENTRE BLVD, SUITE 309, ANNAPOLIS MD 21401
Mitchell Briskin director
Michael P Malone officer: Chief Financial Officer
Paul D Sonkin 10 percent owner, other: see footnote #1 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Value Fund Lp 10 percent owner, other: see footnote #1 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc 10 percent owner, other: see footnote #1 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Microcap Value Fund Lp 10 percent owner, other: see footnote #1 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc 10 percent owner, other: see footnote #1 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp 10 percent owner, other: see footnote #1 C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Concentrated Fund Lp 10 percent owner, other: see footnote #1 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Robert T Lessard director
Brown David A B director

Technical Communications (Technical Communications) Headlines

From GuruFocus