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Tecnon Electronics Co (SZSE:300650) Cyclically Adjusted FCF per Share : ¥1.15 (As of Mar. 2025)


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What is Tecnon Electronics 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.

Tecnon Electronics Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was ¥-0.079. 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 ¥1.15 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-05-31), Tecnon Electronics Co's current stock price is ¥14.07. Tecnon Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥1.15. Tecnon Electronics Co's Cyclically Adjusted Price-to-FCF of today is 12.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tecnon Electronics Co was 14.30. The lowest was 9.03. And the median was 10.97.


Tecnon Electronics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tecnon Electronics 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.

Tecnon Electronics Co Cyclically Adjusted FCF per Share Chart

Tecnon Electronics 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 - - - - 1.19

Tecnon Electronics Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - 1.12 1.19 1.15

Competitive Comparison of Tecnon Electronics Co's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Tecnon Electronics 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.


Tecnon Electronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tecnon Electronics Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Tecnon Electronics 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, Tecnon Electronics Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.079/115.1156*115.1156
=-0.079

Current CPI (Mar. 2025) = 115.1156.

Tecnon Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201512 0.000 100.600 0.000
201603 -0.164 102.200 -0.185
201606 -0.114 101.400 -0.129
201609 0.133 102.400 0.150
201612 0.159 102.600 0.178
201703 0.034 103.200 0.038
201706 0.041 103.100 0.046
201709 -0.074 104.100 -0.082
201712 -0.029 104.500 -0.032
201803 -0.076 105.300 -0.083
201806 -0.123 104.900 -0.135
201809 -0.008 106.600 -0.009
201812 -0.050 106.500 -0.054
201903 -0.120 107.700 -0.128
201906 -0.161 107.700 -0.172
201909 0.013 109.800 0.014
201912 0.203 111.200 0.210
202003 -0.121 112.300 -0.124
202006 -0.152 110.400 -0.158
202009 0.078 111.700 0.080
202012 1.008 111.500 1.041
202103 -0.477 112.662 -0.487
202106 2.066 111.769 2.128
202109 0.416 112.215 0.427
202112 0.759 113.108 0.772
202203 0.487 114.335 0.490
202206 0.496 114.558 0.498
202209 1.138 115.339 1.136
202212 0.237 115.116 0.237
202303 0.403 115.116 0.403
202306 0.000 114.558 0.000
202309 0.505 115.339 0.504
202312 2.144 114.781 2.150
202403 -0.168 115.227 -0.168
202406 0.941 114.781 0.944
202409 -0.004 115.785 -0.004
202412 0.957 114.893 0.959
202503 -0.079 115.116 -0.079

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


Tecnon Electronics Co  (SZSE:300650) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.07/1.15
=12.23

* 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 Tecnon Electronics Co was 14.30. The lowest was 9.03. And the median was 10.97.


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.


Tecnon Electronics Co Cyclically Adjusted FCF per Share Related Terms

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


Tecnon Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
Jiaojiang Road, Wuzhai Park, Taiwanese Investment Zone, Jiaomei Town, Fujian Province, Zhangzhou, CHN, 363107
Tecnon Electronics Co Ltd operates in LED lighting fixtures industry. The company is carrying on the business activities of manufacturing and distribution of commercial lighting fixtures. The company serves a diverse range of markets including museums, art galleries, automobile showrooms, supermarkets, and retail shops.
Executives
Huang Guo Rong Directors, executives
Su Fang Director
Zhuang Han Peng Supervisors
Zhuang Zhan Long Director
Xiang Qian Director
Lan Xiao Hua Supervisors

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