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Sinon (TPE:1712) Cyclically Adjusted FCF per Share : NT$2.69 (As of Mar. 2024)


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What is Sinon 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.

Sinon's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.632. 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$2.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sinon's average Cyclically Adjusted FCF Growth Rate was 56.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 73.60% 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 Sinon was 83.70% per year. The lowest was 73.60% per year. And the median was 78.65% per year.

As of today (2024-06-14), Sinon's current stock price is NT$42.85. Sinon's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.69. Sinon's Cyclically Adjusted Price-to-FCF of today is 15.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sinon was 158.33. The lowest was 14.46. And the median was 38.56.


Sinon Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sinon'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.

Sinon Cyclically Adjusted FCF per Share Chart

Sinon 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 0.25 0.47 0.60 1.55 2.46

Sinon 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 1.72 1.82 2.03 2.46 2.69

Competitive Comparison of Sinon's Cyclically Adjusted FCF per Share

For the Agricultural Inputs subindustry, Sinon'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.


Sinon's Cyclically Adjusted Price-to-FCF Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinon's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sinon 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, Sinon'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)
=-0.632/131.7762*131.7762
=-0.632

Current CPI (Mar. 2024) = 131.7762.

Sinon Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.263 100.560 1.655
201409 -0.769 100.428 -1.009
201412 -0.522 99.070 -0.694
201503 -2.815 99.621 -3.724
201506 1.699 100.684 2.224
201509 0.213 100.392 0.280
201512 0.378 99.792 0.499
201603 -1.794 100.470 -2.353
201606 1.944 101.688 2.519
201609 0.273 101.861 0.353
201612 0.522 101.863 0.675
201703 -0.459 102.862 -0.588
201706 2.095 103.349 2.671
201709 1.142 104.136 1.445
201712 0.697 104.011 0.883
201803 -0.895 105.290 -1.120
201806 2.159 106.317 2.676
201809 0.339 106.507 0.419
201812 0.437 105.998 0.543
201903 -0.796 107.251 -0.978
201906 2.331 108.070 2.842
201909 0.536 108.329 0.652
201912 1.311 108.420 1.593
202003 0.199 108.902 0.241
202006 1.859 108.767 2.252
202009 0.240 109.815 0.288
202012 2.379 109.897 2.853
202103 -1.296 111.754 -1.528
202106 2.299 114.631 2.643
202109 0.575 115.734 0.655
202112 -1.161 117.630 -1.301
202203 0.350 121.301 0.380
202206 0.751 125.017 0.792
202209 1.006 125.227 1.059
202212 2.367 125.222 2.491
202303 0.140 127.348 0.145
202306 2.614 128.729 2.676
202309 0.621 129.860 0.630
202312 1.733 129.419 1.765
202403 -0.632 131.776 -0.632

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


Sinon  (TPE:1712) 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.

Sinon's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=42.85/2.69
=15.93

* 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 Sinon was 158.33. The lowest was 14.46. And the median was 38.56.


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.


Sinon Cyclically Adjusted FCF per Share Related Terms

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


Sinon (TPE:1712) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245
Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through two divisions namely Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

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