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Highlight Tech (ROCO:6208) Cyclically Adjusted FCF per Share : NT$-0.79 (As of Mar. 2025)


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What is Highlight Tech 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.

Highlight Tech's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$-0.835. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.79 for the trailing ten years ended in Mar. 2025.

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 Highlight Tech was -44.10% per year. The lowest was -44.10% per year. And the median was -44.10% per year.

As of today (2025-05-30), Highlight Tech's current stock price is NT$46.30. Highlight Tech's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$-0.79. Highlight Tech's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Highlight Tech was 187.16. The lowest was 12.01. And the median was 48.76.


Highlight Tech Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Highlight Tech'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.

Highlight Tech Cyclically Adjusted FCF per Share Chart

Highlight Tech 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 1.16 1.03 0.37 -0.59 -0.62

Highlight Tech 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 -0.73 -0.64 -0.58 -0.62 -0.79

Competitive Comparison of Highlight Tech's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Highlight Tech'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.


Highlight Tech's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Highlight Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Highlight Tech 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, Highlight Tech'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)
=-0.835/134.9266*134.9266
=-0.835

Current CPI (Mar. 2025) = 134.9266.

Highlight Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.263 100.684 -0.352
201509 0.449 100.392 0.603
201512 1.008 99.792 1.363
201603 0.395 100.470 0.530
201606 0.815 101.688 1.081
201609 0.967 101.861 1.281
201612 -2.320 101.863 -3.073
201703 -0.588 102.862 -0.771
201706 -0.058 103.349 -0.076
201709 -0.236 104.136 -0.306
201712 1.045 104.011 1.356
201803 0.386 105.290 0.495
201806 0.149 106.317 0.189
201809 0.030 106.507 0.038
201812 0.183 105.998 0.233
201903 0.120 107.251 0.151
201906 0.341 108.070 0.426
201909 1.342 108.329 1.671
201912 2.790 108.420 3.472
202003 -6.387 108.902 -7.913
202006 -1.017 108.767 -1.262
202009 -1.379 109.815 -1.694
202012 0.373 109.897 0.458
202103 -0.019 111.754 -0.023
202106 0.599 114.631 0.705
202109 1.710 115.734 1.994
202112 0.961 117.630 1.102
202203 -3.658 121.301 -4.069
202206 -1.306 125.017 -1.410
202209 0.788 125.227 0.849
202212 -1.129 125.222 -1.216
202303 -3.341 127.348 -3.540
202306 -1.571 128.729 -1.647
202309 -1.823 129.860 -1.894
202312 0.840 129.419 0.876
202403 -0.136 131.776 -0.139
202406 1.212 132.554 1.234
202409 0.931 133.029 0.944
202412 1.234 133.157 1.250
202503 -0.835 134.927 -0.835

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


Highlight Tech  (ROCO:6208) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Highlight Tech was 187.16. The lowest was 12.01. And the median was 48.76.


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.


Highlight Tech Cyclically Adjusted FCF per Share Related Terms

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


Highlight Tech Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Huoshui Raod, Xinshi District, Tainan, TWN, 744092
Highlight Tech Corp is a manufacturer of vacuum technology equipment and a supplier of comprehensive integration services in the vacuum field. Its product includes a vacuum chamber, valves, pump, and automation equipment. Its vacuum coating technology is used in 3C products, semiconductors, optoelectronics, touch panel industry, and solar photovoltaic industry. The Group mainly operates in regions: Taiwan, Japan, and China.

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