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Howteh Technology Co (ROCO:3114) Cyclically Adjusted FCF per Share : NT$1.54 (As of Mar. 2025)


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What is Howteh Technology Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Howteh Technology Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$0.481. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$1.54 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Howteh Technology Co's average Cyclically Adjusted FCF Growth Rate was 57.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Howteh Technology Co was 249.00% per year. The lowest was 249.00% per year. And the median was 249.00% per year.

As of today (2025-05-27), Howteh Technology Co's current stock price is NT$22.30. Howteh Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$1.54. Howteh Technology Co's Cyclically Adjusted Price-to-FCF of today is 14.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Howteh Technology Co was 1090.80. The lowest was 13.83. And the median was 33.44.


Howteh Technology Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Howteh Technology Co's Cyclically Adjusted FCF per Share 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.

Howteh Technology Co Cyclically Adjusted FCF per Share Chart

Howteh Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 -0.51 0.35 0.85 1.38

Howteh Technology Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 0.98 1.03 1.17 1.38 1.54

Competitive Comparison of Howteh Technology Co's Cyclically Adjusted FCF per Share

For the Industrial Distribution subindustry, Howteh Technology 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.


Howteh Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Howteh Technology Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Howteh Technology Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Howteh Technology Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.481/134.9266*134.9266
=0.481

Current CPI (Mar. 2025) = 134.9266.

Howteh Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.056 100.684 -0.075
201509 0.411 100.392 0.552
201512 0.096 99.792 0.130
201603 1.669 100.470 2.241
201606 0.552 101.688 0.732
201609 -1.770 101.861 -2.345
201612 -0.241 101.863 -0.319
201703 1.052 102.862 1.380
201706 -0.310 103.349 -0.405
201709 -1.756 104.136 -2.275
201712 1.528 104.011 1.982
201803 -1.256 105.290 -1.610
201806 0.052 106.317 0.066
201809 -2.192 106.507 -2.777
201812 0.721 105.998 0.918
201903 -0.412 107.251 -0.518
201906 0.170 108.070 0.212
201909 2.715 108.329 3.382
201912 2.020 108.420 2.514
202003 0.244 108.902 0.302
202006 0.653 108.767 0.810
202009 0.852 109.815 1.047
202012 -0.555 109.897 -0.681
202103 -0.803 111.754 -0.970
202106 -1.219 114.631 -1.435
202109 -1.332 115.734 -1.553
202112 -1.276 117.630 -1.464
202203 2.410 121.301 2.681
202206 1.829 125.017 1.974
202209 3.330 125.227 3.588
202212 0.987 125.222 1.063
202303 2.834 127.348 3.003
202306 1.153 128.729 1.209
202309 -0.297 129.860 -0.309
202312 0.042 129.419 0.044
202403 -0.048 131.776 -0.049
202406 0.643 132.554 0.655
202409 0.492 133.029 0.499
202412 0.722 133.157 0.732
202503 0.481 134.927 0.481

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Howteh Technology Co  (ROCO:3114) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Howteh Technology Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.30/1.54
=14.48

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Howteh Technology Co was 1090.80. The lowest was 13.83. And the median was 33.44.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Howteh Technology Co Cyclically Adjusted FCF per Share Related Terms

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


Howteh Technology Co Business Description

Traded in Other Exchanges
N/A
Address
6th Floor, No. 25, Tun Hwa S. Road, Sector 1, Taipei, TWN, 105
Howteh Technology Co Ltd operates as a distributor of electronic passive components. It provides printed circuit boards (PCB), optoelectronic devices, CCD cameras, IC substrate equipment, PCB & BGA chemicals, Semiconductors & vacuum systems. The company also offers technologies & techniques to PCB manufacturers.

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