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Kian Shen (TPE:1525) Cyclically Adjusted FCF per Share : NT$-0.73 (As of Mar. 2024)


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What is Kian Shen 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.

Kian Shen's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.432. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.73 for the trailing ten years ended in Mar. 2024.

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 (2024-06-21), Kian Shen's current stock price is NT$77.50. Kian Shen's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-0.73. Kian Shen's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kian Shen was 2160.00. The lowest was 57.36. And the median was 198.75.


Kian Shen Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kian Shen'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.

Kian Shen Cyclically Adjusted FCF per Share Chart

Kian Shen 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 0.70 0.36 0.08 -0.28 -0.44

Kian Shen 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 -0.24 -0.29 -0.48 -0.44 -0.73

Competitive Comparison of Kian Shen's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Kian Shen'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.


Kian Shen's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kian Shen's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kian Shen's Cyclically Adjusted Price-to-FCF falls into.



Kian Shen 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, Kian Shen'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)
=-0.432/131.7762*131.7762
=-0.432

Current CPI (Mar. 2024) = 131.7762.

Kian Shen Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.480 100.560 -1.939
201409 1.615 100.428 2.119
201412 -0.672 99.070 -0.894
201503 -0.059 99.621 -0.078
201506 0.424 100.684 0.555
201509 0.818 100.392 1.074
201512 -0.448 99.792 -0.592
201603 -0.461 100.470 -0.605
201606 0.265 101.688 0.343
201609 0.684 101.861 0.885
201612 -0.283 101.863 -0.366
201703 -0.565 102.862 -0.724
201706 -0.954 103.349 -1.216
201709 1.159 104.136 1.467
201712 -0.362 104.011 -0.459
201803 -0.965 105.290 -1.208
201806 -0.396 106.317 -0.491
201809 0.185 106.507 0.229
201812 0.424 105.998 0.527
201903 -1.377 107.251 -1.692
201906 -0.253 108.070 -0.308
201909 0.835 108.329 1.016
201912 -0.283 108.420 -0.344
202003 -0.938 108.902 -1.135
202006 -0.953 108.767 -1.155
202009 0.516 109.815 0.619
202012 -0.308 109.897 -0.369
202103 0.431 111.754 0.508
202106 -0.226 114.631 -0.260
202109 0.252 115.734 0.287
202112 -0.848 117.630 -0.950
202203 -0.257 121.301 -0.279
202206 -0.125 125.017 -0.132
202209 0.690 125.227 0.726
202212 -2.389 125.222 -2.514
202303 0.667 127.348 0.690
202306 -0.594 128.729 -0.608
202309 0.708 129.860 0.718
202312 -0.324 129.419 -0.330
202403 -0.432 131.776 -0.432

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


Kian Shen  (TPE:1525) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kian Shen was 2160.00. The lowest was 57.36. And the median was 198.75.


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.


Kian Shen Cyclically Adjusted FCF per Share Related Terms

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


Kian Shen (TPE:1525) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 100, Xinjiang Road, Yangmei District, Taoyuan, TWN
Kian Shen Corp is engaged in the manufacture and sale of automobile body beams, stamping molds, and woodworking products. It provides automobile frames which include products for large, medium, and small-size trucks and coaches. The company has two operating segments; the Manufacturing department, and the Investment department. It derives a majority of its revenue from the manufacturing segment.

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