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Chung Lien Co (ROCO:5604) Cyclically Adjusted FCF per Share : NT$0.34 (As of Mar. 2024)


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What is Chung Lien 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.

Chung Lien Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.291. 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$0.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chung Lien Co's average Cyclically Adjusted FCF Growth Rate was -22.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -12.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Chung Lien Co was -12.30% per year. The lowest was -15.70% per year. And the median was -14.00% per year.

As of today (2024-06-13), Chung Lien Co's current stock price is NT$41.30. Chung Lien Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.34. Chung Lien Co's Cyclically Adjusted Price-to-FCF of today is 121.47.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chung Lien Co was 211.74. The lowest was 60.54. And the median was 124.22.


Chung Lien Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Chung Lien 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.

Chung Lien Co Cyclically Adjusted FCF per Share Chart

Chung Lien 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 0.65 0.49 0.40 0.39 0.33

Chung Lien 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 0.44 0.44 0.39 0.33 0.34

Competitive Comparison of Chung Lien Co's Cyclically Adjusted FCF per Share

For the Trucking subindustry, Chung Lien 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.


Chung Lien Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chung Lien Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Chung Lien 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, Chung Lien 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)
=0.291/131.7762*131.7762
=0.291

Current CPI (Mar. 2024) = 131.7762.

Chung Lien Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.135 100.560 0.177
201409 0.069 100.428 0.091
201412 0.266 99.070 0.354
201503 0.119 99.621 0.157
201506 0.208 100.684 0.272
201509 0.969 100.392 1.272
201512 -0.532 99.792 -0.703
201603 -0.294 100.470 -0.386
201606 0.163 101.688 0.211
201609 -0.123 101.861 -0.159
201612 -0.117 101.863 -0.151
201703 -0.123 102.862 -0.158
201706 0.076 103.349 0.097
201709 0.264 104.136 0.334
201712 -0.071 104.011 -0.090
201803 -1.956 105.290 -2.448
201806 -1.274 106.317 -1.579
201809 1.430 106.507 1.769
201812 2.479 105.998 3.082
201903 -0.854 107.251 -1.049
201906 -0.982 108.070 -1.197
201909 -1.924 108.329 -2.340
201912 0.846 108.420 1.028
202003 0.066 108.902 0.080
202006 0.228 108.767 0.276
202009 0.437 109.815 0.524
202012 0.129 109.897 0.155
202103 0.247 111.754 0.291
202106 0.280 114.631 0.322
202109 0.157 115.734 0.179
202112 0.218 117.630 0.244
202203 0.304 121.301 0.330
202206 0.317 125.017 0.334
202209 0.330 125.227 0.347
202212 0.251 125.222 0.264
202303 0.296 127.348 0.306
202306 0.309 128.729 0.316
202309 0.345 129.860 0.350
202312 0.196 129.419 0.200
202403 0.291 131.776 0.291

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


Chung Lien Co  (ROCO:5604) 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.

Chung Lien Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=41.30/0.34
=121.47

* 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 Chung Lien Co was 211.74. The lowest was 60.54. And the median was 124.22.


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.


Chung Lien Co Cyclically Adjusted FCF per Share Related Terms

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


Chung Lien Co (ROCO:5604) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 7, Gongyequ 1ST Road, Xitun District, Taichung, TWN, 407018
Chung Lien Co Ltd formerly Chung Lien Transportation Co Ltd provides door-to-door motor freight transportation service to customers in Taiwan. It provides truckload service, cross-docking, assembly, labeling, packaging, truckload, and warehousing services.

Chung Lien Co (ROCO:5604) Headlines

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