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ICP DAS Co (ROCO:3577) Cyclically Adjusted FCF per Share : NT$1.63 (As of Mar. 2025)


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What is ICP DAS 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.

ICP DAS Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$1.182. 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$1.63 for the trailing ten years ended in Mar. 2025.

During the past 12 months, ICP DAS Co's average Cyclically Adjusted FCF Growth Rate was 106.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% 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 ICP DAS Co was 19.90% per year. The lowest was -4.40% per year. And the median was 8.60% per year.

As of today (2025-05-13), ICP DAS Co's current stock price is NT$56.70. ICP DAS Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$1.63. ICP DAS Co's Cyclically Adjusted Price-to-FCF of today is 34.79.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ICP DAS Co was 127.83. The lowest was 25.95. And the median was 54.46.


ICP DAS Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ICP DAS 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.

ICP DAS Co Cyclically Adjusted FCF per Share Chart

ICP DAS 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 0.80 0.87 0.73 0.70 1.50

ICP DAS 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 0.79 0.81 1.41 1.50 1.63

Competitive Comparison of ICP DAS Co's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, ICP DAS 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.


ICP DAS Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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


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ICP DAS 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, ICP DAS 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)
=1.182/134.9266*134.9266
=1.182

Current CPI (Mar. 2025) = 134.9266.

ICP DAS Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.420 100.684 0.563
201509 0.437 100.392 0.587
201512 0.795 99.792 1.075
201603 0.382 100.470 0.513
201606 0.667 101.688 0.885
201609 0.067 101.861 0.089
201612 2.434 101.863 3.224
201703 -0.010 102.862 -0.013
201706 -0.187 103.349 -0.244
201709 0.301 104.136 0.390
201712 0.220 104.011 0.285
201803 -0.311 105.290 -0.399
201806 0.412 106.317 0.523
201809 -0.218 106.507 -0.276
201812 -0.842 105.998 -1.072
201903 -0.140 107.251 -0.176
201906 -0.248 108.070 -0.310
201909 0.171 108.329 0.213
201912 0.576 108.420 0.717
202003 -0.041 108.902 -0.051
202006 0.495 108.767 0.614
202009 -0.040 109.815 -0.049
202012 0.757 109.897 0.929
202103 0.529 111.754 0.639
202106 1.040 114.631 1.224
202109 0.013 115.734 0.015
202112 0.680 117.630 0.780
202203 -0.396 121.301 -0.440
202206 -0.113 125.017 -0.122
202209 0.469 125.227 0.505
202212 0.015 125.222 0.016
202303 -0.331 127.348 -0.351
202306 -0.086 128.729 -0.090
202309 0.143 129.860 0.149
202312 0.625 129.419 0.652
202403 0.633 131.776 0.648
202406 0.837 132.554 0.852
202409 1.132 133.029 1.148
202412 1.431 133.157 1.450
202503 1.182 134.927 1.182

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


ICP DAS Co  (ROCO:3577) 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.

ICP DAS Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=56.70/1.63
=34.79

* 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 ICP DAS Co was 127.83. The lowest was 25.95. And the median was 54.46.


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.


ICP DAS Co Cyclically Adjusted FCF per Share Related Terms

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


ICP DAS Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICP DAS Co Ltd (ROCO:3577) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
N/A
Address
No. 111, Guangfu North Road, Hsinchu Industrial Zone, Hukou Township, Hsinchu, TWN, 30351
ICP DAS Co Ltd is a Taiwan based company engaged in the production and sale of industrial computer hardware, software and peripheral equipment. Its products include programmable automation controllers, PC based I/O boards, machine automation products, industrial communication products, wireless modems, intelligent power meters and others. The company also geographically operates in Taiwan, Mainland China, United States, Germany, UAE and Others. It derives maximum revenue from Taiwan.

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