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China Times Co (ROCO:8923) Cyclically Adjusted FCF per Share : NT$1.08 (As of Dec. 2024)


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What is China Times 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.

China Times Co's adjusted free cash flow per share for the three months ended in Dec. 2024 was NT$0.348. 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$1.08 for the trailing ten years ended in Dec. 2024.

During the past 12 months, China Times Co's average Cyclically Adjusted FCF Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% 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 China Times Co was 18.10% per year. The lowest was -0.80% per year. And the median was 16.10% per year.

As of today (2025-05-13), China Times Co's current stock price is NT$19.85. China Times Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was NT$1.08. China Times Co's Cyclically Adjusted Price-to-FCF of today is 18.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of China Times Co was 29.93. The lowest was 15.45. And the median was 22.31.


China Times Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for China Times 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.

China Times Co Cyclically Adjusted FCF per Share Chart

China Times Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.69 0.86 1.02 1.08

China Times Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.02 1.03 1.03 1.07 1.08

Competitive Comparison of China Times Co's Cyclically Adjusted FCF per Share

For the Publishing subindustry, China Times 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.


China Times Co's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Times Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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China Times 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, China Times Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.348/133.1571*133.1571
=0.348

Current CPI (Dec. 2024) = 133.1571.

China Times Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.278 99.621 0.372
201506 0.204 100.684 0.270
201509 -0.643 100.392 -0.853
201512 0.114 99.792 0.152
201603 0.238 100.470 0.315
201606 0.214 101.688 0.280
201609 0.373 101.861 0.488
201612 -0.509 101.863 -0.665
201703 -0.019 102.862 -0.025
201706 0.095 103.349 0.122
201709 -0.461 104.136 -0.589
201712 0.476 104.011 0.609
201803 0.578 105.290 0.731
201806 0.642 106.317 0.804
201809 0.202 106.507 0.253
201812 0.763 105.998 0.958
201903 0.332 107.251 0.412
201906 -0.129 108.070 -0.159
201909 0.155 108.329 0.191
201912 0.659 108.420 0.809
202003 -0.188 108.902 -0.230
202006 0.323 108.767 0.395
202009 -0.073 109.815 -0.089
202012 0.872 109.897 1.057
202103 0.420 111.754 0.500
202106 0.269 114.631 0.312
202109 0.684 115.734 0.787
202112 0.478 117.630 0.541
202203 0.589 121.301 0.647
202206 -0.128 125.017 -0.136
202209 0.597 125.227 0.635
202212 0.409 125.222 0.435
202303 0.009 127.348 0.009
202306 -0.078 128.729 -0.081
202309 -0.047 129.860 -0.048
202312 0.656 129.419 0.675
202403 0.571 131.776 0.577
202406 -0.366 132.554 -0.368
202409 0.335 133.029 0.335
202412 0.348 133.157 0.348

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


China Times Co  (ROCO:8923) 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.

China Times Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=19.85/1.08
=18.38

* 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 China Times Co was 29.93. The lowest was 15.45. And the median was 22.31.


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.


China Times Co Cyclically Adjusted FCF per Share Related Terms

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


China Times Co Business Description

Traded in Other Exchanges
N/A
Address
Sec. 3, Heping W. Road, 1-7F, No.240, Wanhua District, Taipei City, TWN, 108
China Times Co Ltd is engaged in the publication of around 4,000 titles, ranging from politics, current affairs, science, history, humanities, arts, social science, practical advice, how-to, references, comics and more. The company earns revenue from sales of goods comes from the sale of book products.

China Times Co Headlines

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