Wah Hong Industrial (ROCO:8240) Cyclically Adjusted FCF per Share: NT$3.33 (As of Dec. 2025)

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ROCO:8240 Wah Hong Industrial Corp ROCO:8240
60 GF Score
Price NT$38.65
GF Value NT$32.58
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Wah Hong Industrial Cyclically Adjusted FCF per Share?

Wah Hong Industrial ROCO:8240 +6.33% 60 Cyclically Adjusted FCF per Share is NT$3.33 as of Dec. 2025. GuruFocus rates ROCO:8240 with a GF Score™ of 60/100 and a GF Value™ of NT$32.58 (Modestly Overvalued). The stock has 3 warning signs investors should review.

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.

Wah Hong Industrial's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$1.008. 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$3.33 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Wah Hong Industrial's average Cyclically Adjusted FCF Growth Rate was -30.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -12.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.30% 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 Wah Hong Industrial was 72.50% per year. The lowest was -12.30% per year. And the median was 30.50% per year.

As of today (2026-08-01), Wah Hong Industrial's current stock price is NT$38.65. Wah Hong Industrial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$3.33. Wah Hong Industrial's Cyclically Adjusted Price-to-FCF of today is 11.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wah Hong Industrial was 45.98. The lowest was 5.22. And the median was 10.61.


Wah Hong Industrial  (ROCO:8240) 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.

Wah Hong Industrial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.65/3.33
=11.61

* 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 Wah Hong Industrial was 45.98. The lowest was 5.22. And the median was 10.61.


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.


Wah Hong Industrial Cyclically Adjusted FCF per Share Related Terms


Wah Hong Industrial Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Wah Hong Industrial'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.

Wah Hong Industrial Cyclically Adjusted FCF per Share Chart

Wah Hong Industrial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 4.93 4.65 4.78 3.33

Wah Hong Industrial Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 4.78 3.96 3.64 3.28 3.33

ROCO:8240 vs APH, GLW, TEL: Cyclically Adjusted FCF per Share Comparison

For the Electronic Components subindustry, Wah Hong Industrial'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.


Wah Hong Industrial Cyclically Adjusted Price-to-FCF vs Hardware Industry

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

* The bar in red indicates where Wah Hong Industrial's Cyclically Adjusted Price-to-FCF falls into.


ROCO:8240
60GF Score
Wah Hong Industrial Corp ROCO:8240
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wah Hong Industrial 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, Wah Hong Industrial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.008/324.0540*324.0540
=1.008

Current CPI (Dec. 2025) = 324.0540.

Wah Hong Industrial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 -1.968 238.132 -2.678
201606 3.004 241.018 4.039
201609 -1.226 241.428 -1.646
201612 -1.327 241.432 -1.781
201703 2.693 243.801 3.579
201706 0.558 244.955 0.738
201709 1.799 246.819 2.362
201712 2.795 246.524 3.674
201803 -1.179 249.554 -1.531
201806 0.588 251.989 0.756
201809 -1.413 252.439 -1.814
201812 0.293 251.233 0.378
201903 -1.017 254.202 -1.296
201906 -0.957 256.143 -1.211
201909 1.443 256.759 1.821
201912 3.150 256.974 3.972
202003 -2.865 258.115 -3.597
202006 2.809 257.797 3.531
202009 1.900 260.280 2.366
202012 -1.982 260.474 -2.466
202103 0.221 264.877 0.270
202106 2.447 271.696 2.919
202109 -1.365 274.310 -1.613
202112 2.707 278.802 3.146
202203 0.319 287.504 0.360
202206 0.716 296.311 0.783
202209 3.952 296.808 4.315
202212 5.825 296.797 6.360
202303 0.202 301.836 0.217
202306 0.329 305.109 0.349
202309 0.771 307.789 0.812
202312 0.842 306.746 0.890
202403 2.175 312.332 2.257
202406 0.564 314.175 0.582
202409 -1.386 315.301 -1.424
202412 1.425 315.605 1.463
202503 -1.498 319.799 -1.518
202506 1.933 322.561 1.942
202509 0.958 324.800 0.956
202512 1.008 324.054 1.008

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

What does a Cyclically Adjusted FCF per Share of NT$3.33 mean?
Wah Hong Industrial (ROCO:8240) has a Cyclically Adjusted FCF per Share of NT$3.33 as of Dec. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Wah Hong Industrial and its competitors.
Is Wah Hong Industrial's Cyclically Adjusted FCF per Share too high?
Wah Hong Industrial's current Cyclically Adjusted FCF per Share is NT$3.33. Overall, Wah Hong Industrial has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wah Hong Industrial's Cyclically Adjusted FCF per Share compare to APH and GLW?
Wah Hong Industrial's Cyclically Adjusted FCF per Share of NT$3.33 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Wah Hong Industrial and its competitors. Wah Hong Industrial's current Cyclically Adjusted FCF per Share is NT$3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wah Hong Industrial stock overvalued right now?
Based on GuruFocus' analysis, Wah Hong Industrial (ROCO:8240) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$32.58, compared to a current price of NT$38.65 — trading 18.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$3.33. Wah Hong Industrial's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Wah Hong Industrial (ROCO:8240), the current Cyclically Adjusted FCF per Share is NT$3.33 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Wah Hong Industrial (ROCO:8240) Overvalued in 2026?

Based on GuruFocus' analysis, Wah Hong Industrial stock appears to be overvalued. The current stock price of NT$38.65 is trading 18.6% above its estimated GF Value™ of NT$32.58. GuruFocus considers Wah Hong Industrial to be Modestly Overvalued.

Key valuation signals for ROCO:8240:

  • Cyclically Adjusted FCF per Share: NT$3.33
  • GF Value™: NT$32.58 vs. price of NT$38.65 (18.6% above fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the ROCO:8240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wah Hong Industrial Business Description

Address No.235 Zhongzheng 4th Road, 6&7, 11th Floor, Kaohsiung, TWN
Wah Hong Industrial Corp is engaged in the manufacturing and trading of materials of LCD (Diffusion, Reflection films etc.), materials of Bulk Molding Compounds (BMC) and Molding products etc. Its segments include Wah Hong Industrial Corporation (Taiwan), Wah Hong International Ltd., Sun Hong and Xiamen Guang Hong (South China), and Wah Hong Technology Ltd., SIP Chang Hong, SIP Chang Jun, Ningbo Changhong, Qingdao Changhong, Chang Hong (HK), Ningbo Changli, Smart Succeed Ltd., Granite International Ltd., Allied Royal LLC., Suzhou Alliance and Best Honor Inc. (Eastern China). It derives the majority of revenue from Eastern China segment.
60GF Score

Get the complete analysis for ROCO:8240

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$38.65
Price
NT$32.58
GF Value