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Browave (ROCO:3163) Cyclically Adjusted FCF per Share : NT$3.31 (As of Sep. 2024)


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What is Browave 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.

Browave's adjusted free cash flow per share for the three months ended in Sep. 2024 was NT$-0.576. 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$3.31 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Browave's average Cyclically Adjusted FCF Growth Rate was 21.70% 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.

As of today (2024-12-14), Browave's current stock price is NT$128.50. Browave's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was NT$3.31. Browave's Cyclically Adjusted Price-to-FCF of today is 38.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Browave was 53.23. The lowest was 19.26. And the median was 27.18.


Browave Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Browave'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.

Browave Cyclically Adjusted FCF per Share Chart

Browave Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.00 1.84 2.11

Browave Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
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 2.72 2.95 2.99 3.25 3.31

Competitive Comparison of Browave's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Browave'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.


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

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

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



Browave 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, Browave's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.576/133.0289*133.0289
=-0.576

Current CPI (Sep. 2024) = 133.0289.

Browave Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.380 100.428 -0.503
201412 -1.446 99.070 -1.942
201503 0.929 99.621 1.241
201506 0.058 100.684 0.077
201509 0.720 100.392 0.954
201512 -2.435 99.792 -3.246
201603 1.805 100.470 2.390
201606 1.959 101.688 2.563
201609 3.508 101.861 4.581
201612 0.372 101.863 0.486
201703 0.172 102.862 0.222
201706 -0.548 103.349 -0.705
201709 -0.486 104.136 -0.621
201712 1.732 104.011 2.215
201803 0.462 105.290 0.584
201806 -0.121 106.317 -0.151
201809 0.367 106.507 0.458
201812 0.616 105.998 0.773
201903 -1.643 107.251 -2.038
201906 2.931 108.070 3.608
201909 0.231 108.329 0.284
201912 2.573 108.420 3.157
202003 1.544 108.902 1.886
202006 -0.265 108.767 -0.324
202009 1.556 109.815 1.885
202012 3.197 109.897 3.870
202103 -1.023 111.754 -1.218
202106 -0.645 114.631 -0.749
202109 1.146 115.734 1.317
202112 -0.220 117.630 -0.249
202203 -0.738 121.301 -0.809
202206 2.668 125.017 2.839
202209 3.746 125.227 3.979
202212 1.021 125.222 1.085
202303 1.798 127.348 1.878
202306 1.607 128.729 1.661
202309 3.526 129.860 3.612
202403 -0.497 131.776 -0.502
202406 -0.915 132.554 -0.918
202409 -0.576 133.029 -0.576

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


Browave  (ROCO:3163) 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.

Browave's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=128.50/3.31
=38.82

* 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 Browave was 53.23. The lowest was 19.26. And the median was 27.18.


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.


Browave Cyclically Adjusted FCF per Share Related Terms

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


Browave Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Browave Corp (ROCO:3163) » Definitions » Cyclically Adjusted FCF per Share
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Address
No.30, Industrial East Road IX, 3rd Floor, Hsinchu Science Park, Hsinchu County, Hsinchu, TWN, 30075
Browave Corp operates in the optical fiber communication industry. It is mainly engaged in the design, production, and sales of optical fiber communication components. The company is also involved in the design of electromechanical active and passive components, modules and subsystems, production, and marketing services. Its product portfolio comprises WDM modules, splitter modules, amplifier components, splitter components, optical connectors, and optical parts among others.

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