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Allied Circuit Co (ROCO:8155) Cyclically Adjusted FCF per Share : NT$5.70 (As of Mar. 2024)


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What is Allied Circuit 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.

Allied Circuit Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.627. 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$5.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Allied Circuit Co's average Cyclically Adjusted FCF Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% 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 Allied Circuit Co was 6.30% per year. The lowest was 6.30% per year. And the median was 6.30% per year.

As of today (2024-05-24), Allied Circuit Co's current stock price is NT$154.00. Allied Circuit Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$5.70. Allied Circuit Co's Cyclically Adjusted Price-to-FCF of today is 27.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Allied Circuit Co was 48.98. The lowest was 16.48. And the median was 25.71.


Allied Circuit Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Allied Circuit 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.

Allied Circuit Co Cyclically Adjusted FCF per Share Chart

Allied Circuit 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 - 4.70 4.42 5.17 5.64

Allied Circuit 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 5.34 5.66 5.77 5.64 5.70

Competitive Comparison of Allied Circuit Co's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Allied Circuit 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.


Allied Circuit Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Allied Circuit 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, Allied Circuit 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)
=0.627/131.7762*131.7762
=0.627

Current CPI (Mar. 2024) = 131.7762.

Allied Circuit Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.220 100.560 -1.599
201409 -0.215 100.428 -0.282
201412 1.878 99.070 2.498
201503 0.101 99.621 0.134
201506 1.642 100.684 2.149
201509 0.665 100.392 0.873
201512 1.513 99.792 1.998
201603 -0.020 100.470 -0.026
201606 1.256 101.688 1.628
201609 0.354 101.861 0.458
201612 0.765 101.863 0.990
201703 0.675 102.862 0.865
201706 -0.472 103.349 -0.602
201709 0.885 104.136 1.120
201712 1.219 104.011 1.544
201803 4.185 105.290 5.238
201806 2.353 106.317 2.916
201809 1.948 106.507 2.410
201812 1.200 105.998 1.492
201903 1.195 107.251 1.468
201906 -0.335 108.070 -0.408
201909 0.953 108.329 1.159
201912 2.831 108.420 3.441
202003 1.703 108.902 2.061
202006 2.947 108.767 3.570
202009 2.849 109.815 3.419
202012 3.498 109.897 4.194
202103 1.319 111.754 1.555
202106 -1.697 114.631 -1.951
202109 0.082 115.734 0.093
202112 -0.877 117.630 -0.982
202203 5.886 121.301 6.394
202206 1.700 125.017 1.792
202209 -0.775 125.227 -0.816
202212 2.395 125.222 2.520
202303 2.419 127.348 2.503
202306 1.985 128.729 2.032
202309 -0.542 129.860 -0.550
202312 1.098 129.419 1.118
202403 0.627 131.776 0.627

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


Allied Circuit Co  (ROCO:8155) 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.

Allied Circuit Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=154.00/5.7
=27.02

* 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 Allied Circuit Co was 48.98. The lowest was 16.48. And the median was 25.71.


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.


Allied Circuit Co Cyclically Adjusted FCF per Share Related Terms

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


Allied Circuit Co (ROCO:8155) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 128, Gong 2nd Road, Wulin Village, Longtan Township, Taoyuan, TWN, 32559
Allied Circuit Co Ltd is a Taiwan based electronic components manufacturing company. It is engaged in wholesale and retail of electronic materials. It offers Rigid Type Multi-Layer PCB and High-Density Inverter.

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