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Gigastorage (TPE:2406) Cyclically Adjusted FCF per Share : NT$-3.59 (As of Mar. 2024)


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What is Gigastorage 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.

Gigastorage's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-3.081. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-3.59 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.00% 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 Gigastorage was 12.20% per year. The lowest was 6.70% per year. And the median was 10.20% per year.

As of today (2024-06-21), Gigastorage's current stock price is NT$22.20. Gigastorage's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-3.59. Gigastorage's Cyclically Adjusted Price-to-FCF of today is .


Gigastorage Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Gigastorage'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.

Gigastorage Cyclically Adjusted FCF per Share Chart

Gigastorage 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 -5.10 -4.80 -3.85 -4.14 -3.48

Gigastorage 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 -3.99 -3.95 -3.81 -3.48 -3.59

Competitive Comparison of Gigastorage's Cyclically Adjusted FCF per Share

For the Solar subindustry, Gigastorage'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.


Gigastorage's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Gigastorage's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Gigastorage 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, Gigastorage'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)
=-3.081/131.7762*131.7762
=-3.081

Current CPI (Mar. 2024) = 131.7762.

Gigastorage Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -4.446 100.560 -5.826
201409 -2.101 100.428 -2.757
201412 -7.974 99.070 -10.607
201503 -0.232 99.621 -0.307
201506 1.047 100.684 1.370
201509 -0.311 100.392 -0.408
201512 -4.970 99.792 -6.563
201603 0.854 100.470 1.120
201606 2.723 101.688 3.529
201609 -1.555 101.861 -2.012
201612 -0.950 101.863 -1.229
201703 -1.812 102.862 -2.321
201706 -0.971 103.349 -1.238
201709 -3.831 104.136 -4.848
201712 -4.652 104.011 -5.894
201803 0.002 105.290 0.003
201806 0.376 106.317 0.466
201809 -0.652 106.507 -0.807
201812 2.991 105.998 3.718
201903 -1.518 107.251 -1.865
201906 0.609 108.070 0.743
201909 1.750 108.329 2.129
201912 0.558 108.420 0.678
202003 -1.515 108.902 -1.833
202006 3.966 108.767 4.805
202009 1.065 109.815 1.278
202012 1.856 109.897 2.226
202103 2.289 111.754 2.699
202106 -1.839 114.631 -2.114
202109 0.642 115.734 0.731
202112 -1.231 117.630 -1.379
202203 -3.267 121.301 -3.549
202206 -0.261 125.017 -0.275
202209 0.254 125.227 0.267
202212 -0.807 125.222 -0.849
202303 0.825 127.348 0.854
202306 -0.658 128.729 -0.674
202309 -0.548 129.860 -0.556
202312 -1.533 129.419 -1.561
202403 -3.081 131.776 -3.081

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


Gigastorage  (TPE:2406) 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.


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.


Gigastorage Cyclically Adjusted FCF per Share Related Terms

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


Gigastorage (TPE:2406) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 3, Industrial kung yen1st Road, Hsinchu industrial park, Hukou Township, Hsinchu, TWN, 30351
Gigastorage Corp is a Taiwan-based manufacturer of optoelectronic materials and silicon products. Its products include photovoltaic multi-crystalline wafers, photovoltaic ribbons, low temperature die attach pastes, insulation pastes, blood glucose strip conductive pastes and other biotech materials, photovoltaic systems, solar power stations, high efficiency coated milling cutters, and coated drills. A majority of the firm's revenue is generated in the Asia-Pacific region, with the rest coming from countries across the world.

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