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eMemory Technology (ROCO:3529) Cyclically Adjusted FCF per Share : NT$15.07 (As of Mar. 2025)


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What is eMemory Technology 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.

eMemory Technology's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$6.328. 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$15.07 for the trailing ten years ended in Mar. 2025.

During the past 12 months, eMemory Technology's average Cyclically Adjusted FCF Growth Rate was 16.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 22.90% 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 eMemory Technology was 28.30% per year. The lowest was 18.50% per year. And the median was 22.35% per year.

As of today (2025-05-27), eMemory Technology's current stock price is NT$2295.00. eMemory Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$15.07. eMemory Technology's Cyclically Adjusted Price-to-FCF of today is 152.29.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of eMemory Technology was 311.32. The lowest was 33.27. And the median was 146.98.


eMemory Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for eMemory Technology'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.

eMemory Technology Cyclically Adjusted FCF per Share Chart

eMemory Technology 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 6.52 8.67 11.12 12.39 14.44

eMemory Technology 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 12.96 13.66 13.86 14.44 15.07

Competitive Comparison of eMemory Technology's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, eMemory Technology'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.


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

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

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


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eMemory Technology 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, eMemory Technology'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)
=6.328/134.9266*134.9266
=6.328

Current CPI (Mar. 2025) = 134.9266.

eMemory Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.586 100.684 2.125
201509 1.073 100.392 1.442
201512 2.327 99.792 3.146
201603 1.606 100.470 2.157
201606 2.196 101.688 2.914
201609 0.766 101.861 1.015
201612 2.181 101.863 2.889
201703 1.008 102.862 1.322
201706 2.325 103.349 3.035
201709 2.625 104.136 3.401
201712 1.683 104.011 2.183
201803 1.795 105.290 2.300
201806 1.156 106.317 1.467
201809 2.375 106.507 3.009
201812 2.677 105.998 3.408
201903 2.906 107.251 3.656
201906 1.015 108.070 1.267
201909 1.092 108.329 1.360
201912 2.315 108.420 2.881
202003 3.130 108.902 3.878
202006 2.580 108.767 3.201
202009 1.750 109.815 2.150
202012 4.238 109.897 5.203
202103 4.268 111.754 5.153
202106 3.350 114.631 3.943
202109 2.818 115.734 3.285
202112 7.038 117.630 8.073
202203 5.179 121.301 5.761
202206 4.674 125.017 5.044
202209 3.791 125.227 4.085
202212 7.799 125.222 8.403
202303 4.825 127.348 5.112
202306 3.413 128.729 3.577
202309 0.619 129.860 0.643
202312 6.683 129.419 6.967
202403 5.095 131.776 5.217
202406 7.927 132.554 8.069
202409 3.041 133.029 3.084
202412 8.393 133.157 8.505
202503 6.328 134.927 6.328

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


eMemory Technology  (ROCO:3529) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2295.00/15.07
=152.29

* 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 eMemory Technology was 311.32. The lowest was 33.27. And the median was 146.98.


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.


eMemory Technology Cyclically Adjusted FCF per Share Related Terms

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


eMemory Technology Business Description

Industry
Traded in Other Exchanges
N/A
Address
Tai-Yuan 1st Street, No. 5, 8th Floor, Hsinchu County, Jhubei, TWN, 302082
eMemory Technology Inc is engaged in researching, developing, manufacturing, and selling embedded flash memory products. It licenses its intellectual property (IP) to semiconductor foundries, integrated device manufacturers, and design houses. The company offers comprehensive platforms of Logic NVM silicon IP, including NeoBit, NeoFuse, NeoEE, NeoMTP, EcoBit, NeoFlash, RRAM, MRAM, and NeoPUF; as well as a range of cost-effective and customized logic NVM solutions. It earns revenue in the form of royalties and income generated from the provision of technical services, out of which the majority comes from royalties. Geographically, the company generates maximum revenue from its domestic market, followed by Asia and other regions.

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