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Eris Technology (ROCO:3675) Cyclically Adjusted FCF per Share : NT$1.91 (As of Mar. 2024)


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What is Eris 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.

Eris Technology's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.035. 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$1.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eris Technology's average Cyclically Adjusted FCF Growth Rate was 50.40% 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.

As of today (2024-05-24), Eris Technology's current stock price is NT$316.00. Eris Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.91. Eris Technology's Cyclically Adjusted Price-to-FCF of today is 165.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eris Technology was 1148.10. The lowest was 118.50. And the median was 165.15.


Eris Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Eris 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.

Eris Technology Cyclically Adjusted FCF per Share Chart

Eris 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 - -0.33 -0.22 1.02 1.94

Eris 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 1.27 1.62 1.73 1.94 1.91

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

For the Electronic Components subindustry, Eris 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.


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

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

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



Eris 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, Eris 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)
=1.035/131.7762*131.7762
=1.035

Current CPI (Mar. 2024) = 131.7762.

Eris Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.598 100.560 0.784
201409 1.121 100.428 1.471
201412 1.350 99.070 1.796
201503 0.493 99.621 0.652
201506 0.929 100.684 1.216
201509 1.041 100.392 1.366
201512 1.190 99.792 1.571
201603 0.238 100.470 0.312
201606 0.678 101.688 0.879
201609 0.773 101.861 1.000
201612 0.774 101.863 1.001
201703 -3.754 102.862 -4.809
201706 -0.235 103.349 -0.300
201709 0.558 104.136 0.706
201712 2.134 104.011 2.704
201803 0.287 105.290 0.359
201806 -1.095 106.317 -1.357
201809 -0.721 106.507 -0.892
201812 0.627 105.998 0.779
201903 0.522 107.251 0.641
201906 -13.769 108.070 -16.789
201909 1.248 108.329 1.518
201912 1.658 108.420 2.015
202003 0.455 108.902 0.551
202006 1.303 108.767 1.579
202009 1.041 109.815 1.249
202012 0.234 109.897 0.281
202103 0.512 111.754 0.604
202106 -2.371 114.631 -2.726
202109 1.780 115.734 2.027
202112 1.118 117.630 1.252
202203 0.964 121.301 1.047
202206 1.902 125.017 2.005
202209 1.312 125.227 1.381
202212 4.035 125.222 4.246
202303 2.231 127.348 2.309
202306 2.349 128.729 2.405
202309 0.912 129.860 0.925
202312 2.280 129.419 2.322
202403 1.035 131.776 1.035

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


Eris Technology  (ROCO:3675) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=316.00/1.91
=165.45

* 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 Eris Technology was 1148.10. The lowest was 118.50. And the median was 165.15.


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.


Eris Technology Cyclically Adjusted FCF per Share Related Terms

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


Eris Technology (ROCO:3675) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Section 3, Beishen Road, 222 6th Floor, No. 17, Lane 155, Shenkeng District, New Taipei City, TWN, 22203
Eris Technology Corp designs and manufactures after-market services for Diode products in Taiwan. The Company mainly manufactures tests and sells rectifier diodes, wafers, and a light-emitting diode. Its products include Schottky Diodes, TVS Diodes, Zener Diodes, Bridge Diodes, Wafers, LEDs, and relevant devices. It operates in two departments. Eris Technology and Jie Cheng - mainly manufacturing and selling in diodes, Yea Shin - mainly manufacturing and selling in wafers. The majority is from Eris Technology and Jie Cheng. Geographically, it operates in Taiwan, Asia, Europe, North USA, and Australia, out of which the majority is from Taiwan.

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