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Lucky Cement Co (TPE:1108) Cyclically Adjusted FCF per Share : NT$0.53 (As of Mar. 2024)


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What is Lucky Cement 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.

Lucky Cement Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.935. 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$0.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lucky Cement Co's average Cyclically Adjusted FCF Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.00% 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 -7.00% per year. And the median was -4.90% per year.

As of today (2024-06-20), Lucky Cement Co's current stock price is NT$16.75. Lucky Cement Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.53. Lucky Cement Co's Cyclically Adjusted Price-to-FCF of today is 31.60.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lucky Cement Co was 33.48. The lowest was 9.61. And the median was 18.95.


Lucky Cement Co Cyclically Adjusted FCF per Share Historical Data

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.

* Premium members only.

Lucky Cement Co Cyclically Adjusted FCF per Share Chart

Lucky Cement 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 0.61 0.61 0.62 0.56 0.49

Lucky Cement 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 0.51 0.56 0.54 0.49 0.53

Competitive Comparison of Lucky Cement Co's Cyclically Adjusted FCF per Share

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's Cyclically Adjusted Price-to-FCF Distribution in the 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.



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 Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.935/131.7762*131.7762
=0.935

Current CPI (Mar. 2024) = 131.7762.

Lucky Cement Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.382 100.560 0.501
201409 0.283 100.428 0.371
201412 0.398 99.070 0.529
201503 0.508 99.621 0.672
201506 0.472 100.684 0.618
201509 0.666 100.392 0.874
201512 0.350 99.792 0.462
201603 -0.255 100.470 -0.334
201606 0.016 101.688 0.021
201609 0.236 101.861 0.305
201612 0.512 101.863 0.662
201703 -0.028 102.862 -0.036
201706 0.255 103.349 0.325
201709 -0.336 104.136 -0.425
201712 0.101 104.011 0.128
201803 0.029 105.290 0.036
201806 -0.176 106.317 -0.218
201809 0.030 106.507 0.037
201812 -0.853 105.998 -1.060
201903 -0.052 107.251 -0.064
201906 -0.070 108.070 -0.085
201909 0.434 108.329 0.528
201912 0.313 108.420 0.380
202003 0.081 108.902 0.098
202006 0.100 108.767 0.121
202009 0.086 109.815 0.103
202012 0.169 109.897 0.203
202103 -0.014 111.754 -0.017
202106 0.094 114.631 0.108
202109 0.049 115.734 0.056
202112 -0.595 117.630 -0.667
202203 0.791 121.301 0.859
202206 -0.953 125.017 -1.005
202209 -0.271 125.227 -0.285
202212 -0.358 125.222 -0.377
202303 0.226 127.348 0.234
202306 0.370 128.729 0.379
202309 0.219 129.860 0.222
202312 0.095 129.419 0.097
202403 0.935 131.776 0.935

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


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
=16.75/0.53
=31.60

* 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 33.48. The lowest was 9.61. And the median was 18.95.


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

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


Lucky Cement Co (TPE:1108) Business Description

Traded in Other Exchanges
N/A
Address
No.237, Sung-Kiang Road, 15th Floor, 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 construction of Reservoir, Dam, bridge foundation, wharf, harbor and construction in coast area, Slag and Ashes. Geographically the activities are carried out in Taiwan.

Lucky Cement Co (TPE:1108) Headlines

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