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Opnet Technologies Co (ROCO:8034) Cyclically Adjusted FCF per Share : NT$0.46 (As of Mar. 2024)


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What is Opnet Technologies 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.

Opnet Technologies Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$2.050. 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$0.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Opnet Technologies Co's average Cyclically Adjusted FCF Growth Rate was 39.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 31.00% 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 Opnet Technologies Co was 31.00% per year. The lowest was 31.00% per year. And the median was 31.00% per year.

As of today (2024-06-05), Opnet Technologies Co's current stock price is NT$24.80. Opnet Technologies Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.46. Opnet Technologies Co's Cyclically Adjusted Price-to-FCF of today is 53.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Opnet Technologies Co was 530.00. The lowest was 44.24. And the median was 128.00.


Opnet Technologies Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Opnet Technologies 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.

Opnet Technologies Co Cyclically Adjusted FCF per Share Chart

Opnet Technologies 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 -0.20 0.12 0.04 0.31 0.27

Opnet Technologies 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 0.33 0.15 0.07 0.27 0.46

Competitive Comparison of Opnet Technologies Co's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Opnet Technologies 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.


Opnet Technologies Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Opnet Technologies 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, Opnet Technologies 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)
=2.05/131.7762*131.7762
=2.050

Current CPI (Mar. 2024) = 131.7762.

Opnet Technologies Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.344 100.560 -0.451
201409 0.252 100.428 0.331
201412 0.175 99.070 0.233
201503 -0.126 99.621 -0.167
201506 -0.057 100.684 -0.075
201509 -0.429 100.392 -0.563
201512 -0.095 99.792 -0.125
201603 -0.012 100.470 -0.016
201606 -0.117 101.688 -0.152
201609 -0.285 101.861 -0.369
201612 -0.507 101.863 -0.656
201703 0.246 102.862 0.315
201706 -0.186 103.349 -0.237
201709 -1.094 104.136 -1.384
201712 -0.512 104.011 -0.649
201803 1.278 105.290 1.599
201806 -0.441 106.317 -0.547
201809 0.282 106.507 0.349
201812 -0.620 105.998 -0.771
201903 0.724 107.251 0.890
201906 0.347 108.070 0.423
201909 -0.577 108.329 -0.702
201912 0.088 108.420 0.107
202003 2.687 108.902 3.251
202006 -0.646 108.767 -0.783
202009 -0.533 109.815 -0.640
202012 -0.031 109.897 -0.037
202103 0.696 111.754 0.821
202106 0.301 114.631 0.346
202109 -0.713 115.734 -0.812
202112 0.609 117.630 0.682
202203 2.220 121.301 2.412
202206 -0.707 125.017 -0.745
202209 -0.900 125.227 -0.947
202212 1.837 125.222 1.933
202303 -0.138 127.348 -0.143
202306 -1.244 128.729 -1.273
202309 -1.194 129.860 -1.212
202312 2.239 129.419 2.280
202403 2.050 131.776 2.050

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


Opnet Technologies Co  (ROCO:8034) 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.

Opnet Technologies Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24.80/0.46
=53.91

* 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 Opnet Technologies Co was 530.00. The lowest was 44.24. And the median was 128.00.


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.


Opnet Technologies Co Cyclically Adjusted FCF per Share Related Terms

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


Opnet Technologies Co (ROCO:8034) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3rd Floor Number 5, Industry E. Road, IX Hsinchu Science Park, Hsinchu, TWN, 30075
Opnet Technologies Co Ltd is primarily engaged in the research, development, production, manufacturing, and sales of optical fiber broadband user access network systems, synchronous and asynchronous digital transmission multiplexers, high-speed, asymmetric and symmetric of digital subscriber loop system, broadband modem, router and access system, broadband wireless communication equipment, digital data and voice integrated access equipment. The Company has two reportable segments: Access Network and Broadband Equipment and Transmission Equipment. The company generates majority of the revenue from Access Network and Broadband Equipment segment. Its products in Network Access include DLC, MSAN, IP DSLAM, G.SHDSL, VoIP gateway and GPON/EPON.

Opnet Technologies Co (ROCO:8034) Headlines

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