Lian Hwa Foods (TPE:1231) Cyclically Adjusted FCF per Share: NT$0.24 (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:1231 Lian Hwa Foods Corp TPE:1231
90 GF Score
Price NT$91.90
GF Value NT$101.18
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Lian Hwa Foods Cyclically Adjusted FCF per Share?

Lian Hwa Foods TPE:1231 -0.11% 90 Cyclically Adjusted FCF per Share is NT$0.24 as of Dec. 2025. GuruFocus rates TPE:1231 with a GF Score™ of 90/100 and a GF Value™ of NT$101.18 (Fairly Valued). The stock has 5 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.

Lian Hwa Foods's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$1.225. 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$0.24 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Lian Hwa Foods's average Cyclically Adjusted FCF Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.70% 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 Lian Hwa Foods was 19.70% per year. The lowest was -20.60% per year. And the median was 2.50% per year.

As of today (2026-07-25), Lian Hwa Foods's current stock price is NT$91.90. Lian Hwa Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$0.24. Lian Hwa Foods's Cyclically Adjusted Price-to-FCF of today is 382.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lian Hwa Foods was 1505.68. The lowest was 110.55. And the median was 381.26.


Lian Hwa Foods  (TPE:1231) 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.

Lian Hwa Foods's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=91.90/0.24
=382.92

* 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 Lian Hwa Foods was 1505.68. The lowest was 110.55. And the median was 381.26.


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.


Lian Hwa Foods Cyclically Adjusted FCF per Share Related Terms


Lian Hwa Foods Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Lian Hwa Foods'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.

Lian Hwa Foods Cyclically Adjusted FCF per Share Chart

Lian Hwa Foods 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 0.42 0.14 0.19 0.21 0.24

Lian Hwa Foods 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 0.21 0.25 0.15 0.21 0.24

TPE:1231 vs KHC, GIS: Cyclically Adjusted FCF per Share Comparison

For the Packaged Foods subindustry, Lian Hwa Foods'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.


Lian Hwa Foods Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lian Hwa Foods's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lian Hwa Foods's Cyclically Adjusted Price-to-FCF falls into.


TPE:1231
90GF Score
Lian Hwa Foods Corp TPE:1231
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lian Hwa Foods 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, Lian Hwa Foods'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)
=1.225/324.0540*324.0540
=1.225

Current CPI (Dec. 2025) = 324.0540.

Lian Hwa Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 -0.463 238.132 -0.630
201606 1.020 241.018 1.371
201609 0.727 241.428 0.976
201612 0.216 241.432 0.290
201703 -0.847 243.801 -1.126
201706 0.007 244.955 0.009
201709 1.258 246.819 1.652
201712 1.463 246.524 1.923
201803 -1.860 249.554 -2.415
201806 1.153 251.989 1.483
201809 0.839 252.439 1.077
201812 1.134 251.233 1.463
201903 -0.282 254.202 -0.359
201906 0.365 256.143 0.462
201909 0.271 256.759 0.342
201912 -0.630 256.974 -0.794
202003 -0.774 258.115 -0.972
202006 -3.242 257.797 -4.075
202009 0.412 260.280 0.513
202012 1.478 260.474 1.839
202103 -0.867 264.877 -1.061
202106 0.927 271.696 1.106
202109 0.440 274.310 0.520
202112 1.602 278.802 1.862
202203 0.086 287.504 0.097
202206 -0.086 296.311 -0.094
202209 -1.396 296.808 -1.524
202212 0.261 296.797 0.285
202303 0.183 301.836 0.196
202306 -1.300 305.109 -1.381
202309 0.118 307.789 0.124
202312 -0.241 306.746 -0.255
202403 -1.669 312.332 -1.732
202406 -0.832 314.175 -0.858
202409 -0.696 315.301 -0.715
202412 2.095 315.605 2.151
202503 -0.395 319.799 -0.400
202506 -0.319 322.561 -0.320
202509 0.144 324.800 0.144
202512 1.225 324.054 1.225

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$0.24 mean?
Lian Hwa Foods (TPE:1231) has a Cyclically Adjusted FCF per Share of NT$0.24 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 Lian Hwa Foods and its competitors.
Is Lian Hwa Foods' Cyclically Adjusted FCF per Share too high?
Lian Hwa Foods' current Cyclically Adjusted FCF per Share is NT$0.24. Overall, Lian Hwa Foods has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lian Hwa Foods' Cyclically Adjusted FCF per Share compare to KHC and GIS?
Lian Hwa Foods' Cyclically Adjusted FCF per Share of NT$0.24 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted FCF per Share depends on the Consumer Packaged Goods 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 Lian Hwa Foods and its competitors. Lian Hwa Foods's current Cyclically Adjusted FCF per Share is NT$0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lian Hwa Foods stock overvalued right now?
Based on GuruFocus' analysis, Lian Hwa Foods (TPE:1231) is currently considered Fairly Valued. The stock's GF Value™ is NT$101.18, compared to a current price of NT$91.90 — trading 9.2% below its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$0.24. Lian Hwa Foods' overall GF Score™ is 90/100 with 5 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 Lian Hwa Foods (TPE:1231), the current Cyclically Adjusted FCF per Share is NT$0.24 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 Lian Hwa Foods (TPE:1231) Overvalued in 2026?

Based on GuruFocus' analysis, Lian Hwa Foods stock appears to be undervalued. The current stock price of NT$91.90 is trading 9.2% below its estimated GF Value™ of NT$101.18. GuruFocus considers Lian Hwa Foods to be Fairly Valued.

Key valuation signals for TPE:1231:

  • Cyclically Adjusted FCF per Share: NT$0.24
  • GF Value™: NT$101.18 vs. price of NT$91.90 (9.2% below fair value)
  • GF Score™: 90/100 with 5 warning signs

No single metric tells the full story. See the TPE:1231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lian Hwa Foods Business Description

Address No. 148, Dihua Street, Section 1, Datong District, Taipei, TWN
Lian Hwa Foods Corp is engaged in the manufacturing, processing, trading, and wholesale and retail of seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter and other products or processed products, and various sea and land products, frozen processed foods and canned foods. It operates in two divisions: Snack Food Division and RTE (Ready-to-Eat) Foods Division. The RTE (Ready-to-Eat) Foods Division derives majority of the revenue from Taiwan. Its brands include KOLOKO Crispy Pea Snacks, VIVA Nuts, CADINA Snacks, Moto-Moto-Yama Seaweed, Chef Hoka Instant Pasta, and Lucky Star Snacks.
90GF Score

Get the complete analysis for TPE:1231

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

NT$91.90
Price
NT$101.18
GF Value