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Lanner Electronics (ROCO:6245) Cyclically Adjusted FCF per Share : NT$5.15 (As of Mar. 2024)


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What is Lanner Electronics 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.

Lanner Electronics's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.362. 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$5.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lanner Electronics's average Cyclically Adjusted FCF Growth Rate was 44.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 38.70% 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 Lanner Electronics was 38.70% per year. The lowest was 34.60% per year. And the median was 36.65% per year.

As of today (2024-06-20), Lanner Electronics's current stock price is NT$97.90. Lanner Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$5.15. Lanner Electronics's Cyclically Adjusted Price-to-FCF of today is 19.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lanner Electronics was 66.50. The lowest was 17.90. And the median was 29.06.


Lanner Electronics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lanner Electronics'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.

Lanner Electronics Cyclically Adjusted FCF per Share Chart

Lanner Electronics 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 1.30 1.95 2.48 3.17 5.20

Lanner Electronics 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 3.57 3.94 4.81 5.20 5.15

Competitive Comparison of Lanner Electronics's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Lanner Electronics'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.


Lanner Electronics's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Lanner Electronics 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, Lanner Electronics'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)
=1.362/131.7762*131.7762
=1.362

Current CPI (Mar. 2024) = 131.7762.

Lanner Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.501 100.560 -0.657
201409 -0.265 100.428 -0.348
201412 1.850 99.070 2.461
201503 0.728 99.621 0.963
201506 0.360 100.684 0.471
201509 0.763 100.392 1.002
201512 -0.276 99.792 -0.364
201603 0.888 100.470 1.165
201606 0.562 101.688 0.728
201609 1.773 101.861 2.294
201612 1.824 101.863 2.360
201703 -1.285 102.862 -1.646
201706 -1.129 103.349 -1.440
201709 1.839 104.136 2.327
201712 2.769 104.011 3.508
201803 -1.406 105.290 -1.760
201806 0.519 106.317 0.643
201809 2.461 106.507 3.045
201812 0.258 105.998 0.321
201903 0.030 107.251 0.037
201906 0.326 108.070 0.398
201909 0.941 108.329 1.145
201912 2.987 108.420 3.630
202003 0.413 108.902 0.500
202006 -2.753 108.767 -3.335
202009 4.930 109.815 5.916
202012 0.592 109.897 0.710
202103 -2.013 111.754 -2.374
202106 -0.223 114.631 -0.256
202109 -1.813 115.734 -2.064
202112 5.288 117.630 5.924
202203 -3.273 121.301 -3.556
202206 -0.353 125.017 -0.372
202209 4.325 125.227 4.551
202212 8.385 125.222 8.824
202303 4.213 127.348 4.360
202306 2.658 128.729 2.721
202309 5.050 129.860 5.125
202312 3.150 129.419 3.207
202403 1.362 131.776 1.362

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


Lanner Electronics  (ROCO:6245) 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.

Lanner Electronics's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=97.90/5.15
=19.01

* 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 Lanner Electronics was 66.50. The lowest was 17.90. And the median was 29.06.


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.


Lanner Electronics Cyclically Adjusted FCF per Share Related Terms

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


Lanner Electronics (ROCO:6245) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 173, Datong Road, 7th Floor, Section 2, XiZhi District, New Taipei, TWN, 22184
Lanner Electronics Inc is a Taiwan-based company that engages in the provision of engineering and manufacturing services for network appliances and rugged applied computing platforms for system integrators, service providers, and application developers. Its products include telecommunication data center appliances, industrial communication platforms, embedded boxes, vehicle computers, and embedded boards. Geographically, it derives a majority of its revenue from the United States.

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