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Senao Networks (ROCO:3558) Cyclically Adjusted FCF per Share : NT$10.32 (As of Mar. 2024)


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What is Senao Networks 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.

Senao Networks's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$3.523. 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$10.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Senao Networks's average Cyclically Adjusted FCF Growth Rate was -24.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -6.80% 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 Senao Networks was -6.80% per year. The lowest was -6.80% per year. And the median was -6.80% per year.

As of today (2024-06-20), Senao Networks's current stock price is NT$185.00. Senao Networks's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$10.32. Senao Networks's Cyclically Adjusted Price-to-FCF of today is 17.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Senao Networks was 26.42. The lowest was 7.26. And the median was 15.16.


Senao Networks Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Senao Networks'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.

Senao Networks Cyclically Adjusted FCF per Share Chart

Senao Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 11.72 10.34 13.51 9.50

Senao Networks Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.72 12.41 10.66 9.50 10.32

Competitive Comparison of Senao Networks's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Senao Networks'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.523/131.7762*131.7762
=3.523

Current CPI (Mar. 2024) = 131.7762.

Senao Networks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 6.661 100.560 8.729
201409 3.857 100.428 5.061
201412 4.601 99.070 6.120
201503 -0.369 99.621 -0.488
201506 4.409 100.684 5.771
201509 7.121 100.392 9.347
201512 3.195 99.792 4.219
201603 1.339 100.470 1.756
201606 4.031 101.688 5.224
201609 5.544 101.861 7.172
201612 7.609 101.863 9.843
201703 -5.485 102.862 -7.027
201706 2.203 103.349 2.809
201709 2.940 104.136 3.720
201712 1.647 104.011 2.087
201803 -0.861 105.290 -1.078
201806 -3.949 106.317 -4.895
201809 2.659 106.507 3.290
201812 2.819 105.998 3.505
201903 0.101 107.251 0.124
201906 9.003 108.070 10.978
201909 3.416 108.329 4.155
201912 7.592 108.420 9.227
202003 -1.013 108.902 -1.226
202006 0.444 108.767 0.538
202009 -1.205 109.815 -1.446
202012 6.743 109.897 8.085
202103 -2.365 111.754 -2.789
202106 -3.425 114.631 -3.937
202109 5.801 115.734 6.605
202112 -7.151 117.630 -8.011
202203 -0.783 121.301 -0.851
202206 7.004 125.017 7.383
202209 19.789 125.227 20.824
202212 10.003 125.222 10.527
202303 0.944 127.348 0.977
202306 -8.911 128.729 -9.122
202309 -10.609 129.860 -10.766
202312 -6.631 129.419 -6.752
202403 3.523 131.776 3.523

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


Senao Networks  (ROCO:3558) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=185.00/10.32
=17.93

* 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 Senao Networks was 26.42. The lowest was 7.26. And the median was 15.16.


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.


Senao Networks Cyclically Adjusted FCF per Share Related Terms

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


Senao Networks (ROCO:3558) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 500, Fusing 3rd Road, Hwa Ya Technology Park, Kuei-shan Hsiang, Taoyuan, TWN, 333001
Senao Networks Inc is engaged in the manufacture and sales of wireless communication products. The company produces integrated wireless and wireline connectivity products, data networking, and wireless voice communications products.

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