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Pacific Image Electronics Co (ROCO:6228) Cyclically Adjusted FCF per Share : NT$-2.31 (As of Mar. 2024)


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What is Pacific Image Electronics 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.

Pacific Image Electronics Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.323. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-2.31 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.30% 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 Pacific Image Electronics Co was 25.30% per year. The lowest was -3.20% per year. And the median was 11.05% per year.

As of today (2024-05-26), Pacific Image Electronics Co's current stock price is NT$23.80. Pacific Image Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-2.31. Pacific Image Electronics Co's Cyclically Adjusted Price-to-FCF of today is .


Pacific Image Electronics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pacific Image Electronics 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.

Pacific Image Electronics Co Cyclically Adjusted FCF per Share Chart

Pacific Image Electronics 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 -5.24 -5.66 -5.81 -5.76 -2.36

Pacific Image Electronics 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 -6.09 -5.48 -2.70 -2.36 -2.31

Competitive Comparison of Pacific Image Electronics Co's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Pacific Image Electronics 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.


Pacific Image Electronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

* The bar in red indicates where Pacific Image Electronics Co's Cyclically Adjusted Price-to-FCF falls into.



Pacific Image Electronics 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, Pacific Image Electronics 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)
=-0.323/131.7762*131.7762
=-0.323

Current CPI (Mar. 2024) = 131.7762.

Pacific Image Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.735 100.560 -2.274
201409 -2.087 100.428 -2.738
201412 0.541 99.070 0.720
201503 -1.224 99.621 -1.619
201506 -1.157 100.684 -1.514
201509 1.041 100.392 1.366
201512 -0.770 99.792 -1.017
201603 -0.021 100.470 -0.028
201606 -2.313 101.688 -2.997
201609 -0.908 101.861 -1.175
201612 0.493 101.863 0.638
201703 -0.143 102.862 -0.183
201706 -1.289 103.349 -1.644
201709 -1.626 104.136 -2.058
201712 1.032 104.011 1.307
201803 -0.895 105.290 -1.120
201806 -1.105 106.317 -1.370
201809 -0.563 106.507 -0.697
201812 -0.927 105.998 -1.152
201903 -0.100 107.251 -0.123
201906 -0.538 108.070 -0.656
201909 -0.319 108.329 -0.388
201912 -0.535 108.420 -0.650
202003 0.613 108.902 0.742
202006 -0.160 108.767 -0.194
202009 -0.028 109.815 -0.034
202012 -0.248 109.897 -0.297
202103 -0.071 111.754 -0.084
202106 -0.225 114.631 -0.259
202109 -0.156 115.734 -0.178
202112 0.086 117.630 0.096
202203 -0.600 121.301 -0.652
202206 -0.386 125.017 -0.407
202209 -0.338 125.227 -0.356
202212 -0.465 125.222 -0.489
202303 -0.593 127.348 -0.614
202306 -0.239 128.729 -0.245
202309 -0.223 129.860 -0.226
202312 -0.212 129.419 -0.216
202403 -0.323 131.776 -0.323

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


Pacific Image Electronics Co  (ROCO:6228) 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.


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.


Pacific Image Electronics Co Cyclically Adjusted FCF per Share Related Terms

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


Pacific Image Electronics Co (ROCO:6228) Business Description

Traded in Other Exchanges
N/A
Address
Datong Road, Xizhi District, 7th Floor, No. 239, Sec. 1, New Taipei City, TWN, 221
Pacific Image Electronics Co Ltd is a scanning and imaging solution provider. It is engaged in the design and development of optical scanners, printers, and modems. The company provides design and manufacturing services to brands such as Kodak, KIS for film scanning solution.

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