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Ardentec (ROCO:3264) Cyclically Adjusted FCF per Share : NT$1.95 (As of Mar. 2025)


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What is Ardentec 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.

Ardentec's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$0.567. 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$1.95 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ardentec's average Cyclically Adjusted FCF Growth Rate was 15.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% 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 Ardentec was 16.60% per year. The lowest was -6.00% per year. And the median was 1.20% per year.

As of today (2025-05-29), Ardentec's current stock price is NT$74.40. Ardentec's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$1.95. Ardentec's Cyclically Adjusted Price-to-FCF of today is 38.15.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ardentec was 67.06. The lowest was 13.81. And the median was 35.52.


Ardentec Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ardentec'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.

Ardentec Cyclically Adjusted FCF per Share Chart

Ardentec 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 1.25 1.28 1.22 1.48 2.03

Ardentec 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 1.69 1.85 1.95 2.03 1.95

Competitive Comparison of Ardentec's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Ardentec'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.


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

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

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


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Ardentec 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, Ardentec'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)
=0.567/134.9266*134.9266
=0.567

Current CPI (Mar. 2025) = 134.9266.

Ardentec Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.226 100.684 0.303
201509 0.312 100.392 0.419
201512 1.403 99.792 1.897
201603 0.972 100.470 1.305
201606 1.158 101.688 1.537
201609 0.422 101.861 0.559
201612 1.401 101.863 1.856
201703 1.103 102.862 1.447
201706 0.354 103.349 0.462
201709 0.081 104.136 0.105
201712 1.075 104.011 1.395
201803 -0.772 105.290 -0.989
201806 -0.658 106.317 -0.835
201809 -0.826 106.507 -1.046
201812 1.622 105.998 2.065
201903 0.456 107.251 0.574
201906 -0.617 108.070 -0.770
201909 1.154 108.329 1.437
201912 0.695 108.420 0.865
202003 0.476 108.902 0.590
202006 -1.586 108.767 -1.967
202009 -0.895 109.815 -1.100
202012 1.276 109.897 1.567
202103 -0.229 111.754 -0.276
202106 -1.687 114.631 -1.986
202109 -0.788 115.734 -0.919
202112 1.682 117.630 1.929
202203 0.531 121.301 0.591
202206 -0.146 125.017 -0.158
202209 -0.663 125.227 -0.714
202212 1.763 125.222 1.900
202303 0.615 127.348 0.652
202306 -2.465 128.729 -2.584
202309 1.645 129.860 1.709
202312 1.617 129.419 1.686
202403 1.985 131.776 2.032
202406 -0.689 132.554 -0.701
202409 1.289 133.029 1.307
202412 2.709 133.157 2.745
202503 0.567 134.927 0.567

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


Ardentec  (ROCO:3264) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=74.40/1.95
=38.15

* 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 Ardentec was 67.06. The lowest was 13.81. And the median was 35.52.


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.


Ardentec Cyclically Adjusted FCF per Share Related Terms

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


Ardentec Business Description

Industry
Traded in Other Exchanges
N/A
Address
303036 No. 3, Gungye 3rd Road, Shengli Vil, Hukou, Hsinchu, TWN, 30351
Ardentec Corp is engaged in provision of integrated circuit testing services. It provides semiconductor testing solutions in memory, logic, and mixed-signal ICs to integrated device manufacturers (IDMs), pure play wafer foundry companies, and fabless design companies.

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