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Mayer Steel Pipe (TPE:2020) Cyclically Adjusted FCF per Share : NT$1.56 (As of Mar. 2025)


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What is Mayer Steel Pipe 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.

Mayer Steel Pipe's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$0.553. 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$1.56 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Mayer Steel Pipe's average Cyclically Adjusted FCF Growth Rate was -1.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.60% 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 Mayer Steel Pipe was 11.60% per year. The lowest was -7.00% per year. And the median was 4.90% per year.

As of today (2025-06-24), Mayer Steel Pipe's current stock price is NT$23.70. Mayer Steel Pipe's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$1.56. Mayer Steel Pipe's Cyclically Adjusted Price-to-FCF of today is 15.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mayer Steel Pipe was 28.76. The lowest was 7.54. And the median was 16.39.


Mayer Steel Pipe Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mayer Steel Pipe'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.

Mayer Steel Pipe Cyclically Adjusted FCF per Share Chart

Mayer Steel Pipe Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.05 1.27 1.58 1.46

Mayer Steel Pipe Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.59 1.55 1.60 1.46 1.56

Competitive Comparison of Mayer Steel Pipe's Cyclically Adjusted FCF per Share

For the Steel subindustry, Mayer Steel Pipe'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.


Mayer Steel Pipe's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

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

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


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Mayer Steel Pipe 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, Mayer Steel Pipe's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.553/134.9266*134.9266
=0.553

Current CPI (Mar. 2025) = 134.9266.

Mayer Steel Pipe Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.298 100.684 0.399
201509 -0.004 100.392 -0.005
201512 0.344 99.792 0.465
201603 0.300 100.470 0.403
201606 0.333 101.688 0.442
201609 0.612 101.861 0.811
201612 0.371 101.863 0.491
201703 -0.503 102.862 -0.660
201706 0.797 103.349 1.041
201709 -0.299 104.136 -0.387
201712 0.639 104.011 0.829
201803 -0.276 105.290 -0.354
201806 -0.279 106.317 -0.354
201809 1.434 106.507 1.817
201812 0.319 105.998 0.406
201903 -0.117 107.251 -0.147
201906 1.302 108.070 1.626
201909 -0.240 108.329 -0.299
201912 0.510 108.420 0.635
202003 -0.980 108.902 -1.214
202006 0.297 108.767 0.368
202009 -0.280 109.815 -0.344
202012 0.625 109.897 0.767
202103 0.619 111.754 0.747
202106 -0.339 114.631 -0.399
202109 0.290 115.734 0.338
202112 -0.269 117.630 -0.309
202203 0.269 121.301 0.299
202206 1.373 125.017 1.482
202209 1.189 125.227 1.281
202212 1.074 125.222 1.157
202303 -0.221 127.348 -0.234
202306 2.054 128.729 2.153
202309 1.662 129.860 1.727
202312 1.231 129.419 1.283
202403 -0.674 131.776 -0.690
202406 0.110 132.554 0.112
202409 0.274 133.029 0.278
202412 -0.913 133.157 -0.925
202503 0.553 134.927 0.553

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


Mayer Steel Pipe  (TPE:2020) 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.

Mayer Steel Pipe's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.70/1.56
=15.19

* 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 Mayer Steel Pipe was 28.76. The lowest was 7.54. And the median was 16.39.


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.


Mayer Steel Pipe Cyclically Adjusted FCF per Share Related Terms

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


Mayer Steel Pipe Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 2-1, Section 3, Minquan East Road, 12th Floor, Zhongshan District, Taipei, TWN, 10477
Mayer Steel Pipe Corp is engaged in the steel industry. The main business of the company and its divisions are specialized in the manufacture and sale of black steel pipes, galvanized steel pipes, and stainless steel coils for pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.

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