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GCS Holdings (ROCO:4991) Cyclically Adjusted FCF per Share : NT$1.64 (As of Mar. 2025)


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What is GCS Holdings 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.

GCS Holdings's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$-0.987. 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$1.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, GCS Holdings's average Cyclically Adjusted FCF Growth Rate was -12.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.90% 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 GCS Holdings was -9.90% per year. The lowest was -9.90% per year. And the median was -9.90% per year.

As of today (2025-05-27), GCS Holdings's current stock price is NT$78.60. GCS Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$1.64. GCS Holdings's Cyclically Adjusted Price-to-FCF of today is 47.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of GCS Holdings was 80.22. The lowest was 13.65. And the median was 17.70.


GCS Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for GCS Holdings'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.

GCS Holdings Cyclically Adjusted FCF per Share Chart

GCS Holdings 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 - 2.49 2.11 1.79 1.82

GCS Holdings 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 1.88 2.06 1.74 1.82 1.64

Competitive Comparison of GCS Holdings's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, GCS Holdings'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.


GCS Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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


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GCS Holdings 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, GCS Holdings'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)
=-0.987/134.9266*134.9266
=-0.987

Current CPI (Mar. 2025) = 134.9266.

GCS Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.427 100.684 0.572
201509 -1.936 100.392 -2.602
201512 1.327 99.792 1.794
201603 0.487 100.470 0.654
201606 -0.024 101.688 -0.032
201609 0.726 101.861 0.962
201612 0.922 101.863 1.221
201703 -0.476 102.862 -0.624
201706 0.647 103.349 0.845
201709 2.238 104.136 2.900
201712 1.323 104.011 1.716
201803 1.546 105.290 1.981
201806 1.211 106.317 1.537
201809 1.012 106.507 1.282
201812 1.480 105.998 1.884
201903 -0.370 107.251 -0.465
201906 0.639 108.070 0.798
201909 1.932 108.329 2.406
201912 0.081 108.420 0.101
202003 1.763 108.902 2.184
202006 0.661 108.767 0.820
202009 0.611 109.815 0.751
202012 0.369 109.897 0.453
202103 -0.048 111.754 -0.058
202106 0.160 114.631 0.188
202109 0.386 115.734 0.450
202112 0.409 117.630 0.469
202203 -0.638 121.301 -0.710
202206 -1.013 125.017 -1.093
202209 -0.926 125.227 -0.998
202212 -0.164 125.222 -0.177
202303 -0.802 127.348 -0.850
202306 -0.539 128.729 -0.565
202309 -0.026 129.860 -0.027
202312 -0.149 129.419 -0.155
202403 -0.095 131.776 -0.097
202406 1.584 132.554 1.612
202409 -3.334 133.029 -3.382
202412 1.638 133.157 1.660
202503 -0.987 134.927 -0.987

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


GCS Holdings  (ROCO:4991) 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.

GCS Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=78.60/1.64
=47.93

* 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 GCS Holdings was 80.22. The lowest was 13.65. And the median was 17.70.


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.


GCS Holdings Cyclically Adjusted FCF per Share Related Terms

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


GCS Holdings Business Description

Industry
Traded in Other Exchanges
N/A
Address
23155 Kashiwa Court, Torrance, CA, USA, 90505
GCS Holdings Inc through its subsidiaries is engaged in the manufacturing of compound semiconductor wafers and foundry-related services as well as the licensing of intellectual property. It is also engaged in the research, development, manufacture, and sales of optoelectronics technology products. Its portfolio offerings include Radio Frequency Integrated Circuits (RFIC) and millimeter-wave integrated circuits for the wireless markets, power devices for power electronics, and Photodetectors and Lasers for the optical communications market. Geographically, the company generates a majority of its revenue from China and the rest from the United States, Taiwan, and other markets.

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