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United Recommend International Co (ROCO:5321) Cyclically Adjusted FCF per Share : NT$1.18 (As of Mar. 2024)


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What is United Recommend International 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.

United Recommend International Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.202. 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$1.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Recommend International Co's average Cyclically Adjusted FCF Growth Rate was 28.30% 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 (2024-05-28), United Recommend International Co's current stock price is NT$71.20. United Recommend International Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.18. United Recommend International Co's Cyclically Adjusted Price-to-FCF of today is 60.34.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of United Recommend International Co was 457.92. The lowest was 38.32. And the median was 75.25.


United Recommend International Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for United Recommend International 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.

United Recommend International Co Cyclically Adjusted FCF per Share Chart

United Recommend International Co 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 -1.67 -1.80 0.22 0.94 1.33

United Recommend International Co 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 0.92 1.27 1.24 1.33 1.18

Competitive Comparison of United Recommend International Co's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, United Recommend International 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.


United Recommend International Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

* The bar in red indicates where United Recommend International Co's Cyclically Adjusted Price-to-FCF falls into.



United Recommend International 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, United Recommend International Co'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)
=-1.202/131.7762*131.7762
=-1.202

Current CPI (Mar. 2024) = 131.7762.

United Recommend International Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.069 100.560 0.090
201409 -0.969 100.428 -1.271
201412 -0.526 99.070 -0.700
201503 0.420 99.621 0.556
201506 0.423 100.684 0.554
201509 0.776 100.392 1.019
201512 1.822 99.792 2.406
201603 0.180 100.470 0.236
201606 -0.093 101.688 -0.121
201609 -0.020 101.861 -0.026
201612 0.834 101.863 1.079
201703 0.060 102.862 0.077
201706 0.609 103.349 0.777
201709 -0.204 104.136 -0.258
201712 0.371 104.011 0.470
201803 -0.270 105.290 -0.338
201806 -0.394 106.317 -0.488
201809 0.556 106.507 0.688
201812 0.712 105.998 0.885
201903 0.849 107.251 1.043
201906 1.459 108.070 1.779
201909 1.729 108.329 2.103
201912 -2.212 108.420 -2.689
202003 -0.723 108.902 -0.875
202006 1.435 108.767 1.739
202009 -1.237 109.815 -1.484
202012 1.659 109.897 1.989
202103 0.261 111.754 0.308
202106 -0.508 114.631 -0.584
202109 -0.330 115.734 -0.376
202112 2.393 117.630 2.681
202203 -0.861 121.301 -0.935
202206 -1.923 125.017 -2.027
202209 2.642 125.227 2.780
202212 0.185 125.222 0.195
202303 -1.690 127.348 -1.749
202306 2.918 128.729 2.987
202309 -0.493 129.860 -0.500
202312 0.984 129.419 1.002
202403 -1.202 131.776 -1.202

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


United Recommend International Co  (ROCO:5321) 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.

United Recommend International Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=71.20/1.18
=60.34

* 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 United Recommend International Co was 457.92. The lowest was 38.32. And the median was 75.25.


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.


United Recommend International Co Cyclically Adjusted FCF per Share Related Terms

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


United Recommend International Co (ROCO:5321) Business Description

Traded in Other Exchanges
N/A
Address
NO. 38, Jian Guo East Road, Kuei-Shan Industrial District, Taoyuan, TWN, 333
United Recommend International Co Ltd is a Taiwan-based company that engages in the manufacture and trade of printed circuit boards (PCB). It specializes in multilayer, flexible, and double-sided boards. Its products cover flexible PCB and rigid PCB, including wireless Wi-Fi boards, projector boards, light boards, and solar panels.

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