Lucky Cement Co (TPE:1108) Cyclically Adjusted FCF per Share: NT$0.35 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:1108 Lucky Cement Co TPE:1108
77 GF Score
Price NT$12.25
GF Value NT$14.00
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Lucky Cement Co Cyclically Adjusted FCF per Share?

Lucky Cement Co TPE:1108 -3.16% 77 Cyclically Adjusted FCF per Share is NT$0.35 as of Dec. 2025. GuruFocus rates TPE:1108 with a GF Score™ of 77/100 and a GF Value™ of NT$14.00 (Modestly Undervalued). The stock has 2 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.

Lucky Cement Co's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$0.516. 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$0.35 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Lucky Cement Co's average Cyclically Adjusted FCF Growth Rate was -7.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -11.80% 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 Lucky Cement Co was -2.80% per year. The lowest was -15.10% per year. And the median was -10.75% per year.

As of today (2026-07-19), Lucky Cement Co's current stock price is NT$12.25. Lucky Cement Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$0.35. Lucky Cement Co's Cyclically Adjusted Price-to-FCF of today is 35.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lucky Cement Co was 43.71. The lowest was 9.61. And the median was 25.28.


Lucky Cement Co  (TPE:1108) 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.

Lucky Cement Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.25/0.35
=35.00

* 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 Lucky Cement Co was 43.71. The lowest was 9.61. And the median was 25.28.


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.


Lucky Cement Co Cyclically Adjusted FCF per Share Related Terms


Lucky Cement Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Lucky Cement 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.

Lucky Cement Co Cyclically Adjusted FCF per Share Chart

Lucky Cement Co 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 0.62 0.56 0.49 0.38 0.35

Lucky Cement Co 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 0.38 0.36 0.42 0.35 0.35

TPE:1108 vs CRH, VMC, MLM: Cyclically Adjusted FCF per Share Comparison

For the Building Materials subindustry, Lucky Cement 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.


Lucky Cement Co Cyclically Adjusted Price-to-FCF vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Lucky Cement Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TPE:1108
77GF Score
Lucky Cement Co TPE:1108
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lucky Cement 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, Lucky Cement Co'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)
=0.516/324.0540*324.0540
=0.516

Current CPI (Dec. 2025) = 324.0540.

Lucky Cement Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 -0.255 238.132 -0.347
201606 0.016 241.018 0.022
201609 0.236 241.428 0.317
201612 0.512 241.432 0.687
201703 -0.028 243.801 -0.037
201706 0.255 244.955 0.337
201709 -0.336 246.819 -0.441
201712 0.101 246.524 0.133
201803 0.029 249.554 0.038
201806 -0.176 251.989 -0.226
201809 0.030 252.439 0.039
201812 -0.853 251.233 -1.100
201903 -0.052 254.202 -0.066
201906 -0.070 256.143 -0.089
201909 0.434 256.759 0.548
201912 0.313 256.974 0.395
202003 0.081 258.115 0.102
202006 0.100 257.797 0.126
202009 0.086 260.280 0.107
202012 0.169 260.474 0.210
202103 -0.014 264.877 -0.017
202106 0.094 271.696 0.112
202109 0.049 274.310 0.058
202112 -0.595 278.802 -0.692
202203 0.791 287.504 0.892
202206 -0.953 296.311 -1.042
202209 -0.271 296.808 -0.296
202212 -0.358 296.797 -0.391
202303 0.226 301.836 0.243
202306 0.370 305.109 0.393
202309 0.219 307.789 0.231
202312 0.095 306.746 0.100
202403 0.935 312.332 0.970
202406 -0.336 314.175 -0.347
202409 0.194 315.301 0.199
202412 0.030 315.605 0.031
202503 0.375 319.799 0.380
202506 1.288 322.561 1.294
202509 0.094 324.800 0.094
202512 0.516 324.054 0.516

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$0.35 mean?
Lucky Cement Co (TPE:1108) has a Cyclically Adjusted FCF per Share of NT$0.35 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 Lucky Cement Co and its competitors.
Is Lucky Cement Co's Cyclically Adjusted FCF per Share too high?
Lucky Cement Co's current Cyclically Adjusted FCF per Share is NT$0.35. Overall, Lucky Cement Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lucky Cement Co's Cyclically Adjusted FCF per Share compare to CRH and VMC?
Lucky Cement Co's Cyclically Adjusted FCF per Share of NT$0.35 can be compared against companies in the Building Materials 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 Building Materials company?
A good Cyclically Adjusted FCF per Share depends on the Building Materials 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 Lucky Cement Co and its competitors. Lucky Cement Co's current Cyclically Adjusted FCF per Share is NT$0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucky Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Lucky Cement Co (TPE:1108) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.00, compared to a current price of NT$12.25 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$0.35. Lucky Cement Co's overall GF Score™ is 77/100 with 2 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 Lucky Cement Co (TPE:1108), the current Cyclically Adjusted FCF per Share is NT$0.35 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 Lucky Cement Co (TPE:1108) Overvalued in 2026?

Based on GuruFocus' analysis, Lucky Cement Co stock appears to be undervalued. The current stock price of NT$12.25 is trading 12.5% below its estimated GF Value™ of NT$14.00. GuruFocus considers Lucky Cement Co to be Modestly Undervalued.

Key valuation signals for TPE:1108:

  • Cyclically Adjusted FCF per Share: NT$0.35
  • GF Value™: NT$14.00 vs. price of NT$12.25 (12.5% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the TPE:1108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lucky Cement Co Business Description

Address No.237, Songjiang Road, 15th Floor, Zhongshan District, Taipei, TWN
Lucky Cement Co is a cement manufacturer and its revenue mainly comes from sales of cement, stone materials, and other cement products. Its products include Portland cement which is suitable for the construction of a Reservoir, Dam, bridge foundation, wharf, harbor, and construction in coast areas, Slag and Ashes. Geographically the activities are carried out in Taiwan.
77GF Score

Get the complete analysis for TPE:1108

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

NT$12.25
Price
NT$14.00
GF Value