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Arbor Technology (ROCO:3594) Cyclically Adjusted FCF per Share : NT$-1.13 (As of Mar. 2024)


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What is Arbor 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.

Arbor Technology's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.964. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-1.13 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.80% 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 Arbor Technology was 7.80% per year. The lowest was 7.80% per year. And the median was 7.80% per year.

As of today (2024-06-17), Arbor Technology's current stock price is NT$44.10. Arbor Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-1.13. Arbor Technology's Cyclically Adjusted Price-to-FCF of today is .


Arbor Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Arbor 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.

Arbor Technology Cyclically Adjusted FCF per Share Chart

Arbor Technology 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 - -1.71 -2.03 -1.75 -1.34

Arbor Technology 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 -1.63 -1.62 -1.23 -1.34 -1.13

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

For the Computer Hardware subindustry, Arbor 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.


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

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

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



Arbor 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, Arbor Technology'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)
=1.964/131.7762*131.7762
=1.964

Current CPI (Mar. 2024) = 131.7762.

Arbor Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.135 100.560 -0.177
201409 -1.659 100.428 -2.177
201412 -1.484 99.070 -1.974
201503 -2.734 99.621 -3.616
201506 -1.486 100.684 -1.945
201509 -0.673 100.392 -0.883
201512 -0.013 99.792 -0.017
201603 -0.475 100.470 -0.623
201606 -0.343 101.688 -0.444
201609 0.234 101.861 0.303
201612 -0.989 101.863 -1.279
201703 -0.576 102.862 -0.738
201706 -1.506 103.349 -1.920
201709 -0.366 104.136 -0.463
201712 1.001 104.011 1.268
201803 -0.763 105.290 -0.955
201806 1.079 106.317 1.337
201809 -0.020 106.507 -0.025
201812 -0.864 105.998 -1.074
201903 -0.857 107.251 -1.053
201906 -0.074 108.070 -0.090
201909 1.784 108.329 2.170
201912 0.543 108.420 0.660
202003 -0.905 108.902 -1.095
202006 -7.506 108.767 -9.094
202009 6.858 109.815 8.229
202012 0.443 109.897 0.531
202103 -0.972 111.754 -1.146
202106 -0.639 114.631 -0.735
202109 -2.256 115.734 -2.569
202112 0.145 117.630 0.162
202203 0.998 121.301 1.084
202206 -0.168 125.017 -0.177
202209 1.018 125.227 1.071
202212 0.808 125.222 0.850
202303 0.941 127.348 0.974
202306 0.669 128.729 0.685
202309 1.393 129.860 1.414
202312 0.308 129.419 0.314
202403 1.964 131.776 1.964

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


Arbor Technology  (ROCO:3594) 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.


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.


Arbor Technology Cyclically Adjusted FCF per Share Related Terms

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


Arbor Technology (ROCO:3594) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.700, Zhongzheng Road, 1Oth Floor, Zhonghe District, Taipei, TWN, 235
Arbor Technology Corp is a Taiwan-based company that engages in the manufacture and sale of computing platforms and mobility solutions. The company offers system integration, customer-centric design services, embedded systems, automation products, and logistics support. The Company is engaged in the R&D, assembly, combination, processing, manufacturing, and trading of industrial motherboards, computer products, peripheral devices, and electronic parts. The company operates in geographical areas of Taiwan, Mainland China, America, Europe, Korea, and Others.

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