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Tyntek (TPE:2426) Cyclically Adjusted FCF per Share : NT$0.27 (As of Mar. 2024)


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What is Tyntek 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.

Tyntek's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.283. 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$0.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tyntek's average Cyclically Adjusted FCF Growth Rate was -47.10% 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.

As of today (2024-05-21), Tyntek's current stock price is NT$18.10. Tyntek's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.27. Tyntek's Cyclically Adjusted Price-to-FCF of today is 67.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tyntek was 258.64. The lowest was 30.89. And the median was 47.03.


Tyntek Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tyntek'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.

Tyntek Cyclically Adjusted FCF per Share Chart

Tyntek Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.26 -0.04 0.15 0.51

Tyntek Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.51 0.44 0.56 0.44 0.27

Competitive Comparison of Tyntek's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Tyntek'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.


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

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

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



Tyntek 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, Tyntek'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)
=-0.283/131.7762*131.7762
=-0.283

Current CPI (Mar. 2024) = 131.7762.

Tyntek Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.494 99.695 0.653
201406 0.458 100.560 0.600
201409 0.040 100.428 0.052
201412 0.249 99.070 0.331
201503 0.748 99.621 0.989
201506 0.358 100.684 0.469
201509 0.089 100.392 0.117
201512 0.754 99.792 0.996
201603 0.265 100.470 0.348
201606 0.225 101.688 0.292
201609 0.086 101.861 0.111
201612 1.038 101.863 1.343
201703 -0.008 102.862 -0.010
201706 -0.580 103.349 -0.740
201709 -0.196 104.136 -0.248
201712 -1.238 104.011 -1.568
201803 -0.064 105.290 -0.080
201806 -0.562 106.317 -0.697
201809 -1.015 106.507 -1.256
201812 0.487 105.998 0.605
201903 0.227 107.251 0.279
201906 0.042 108.070 0.051
201909 -0.209 108.329 -0.254
201912 0.225 108.420 0.273
202003 0.107 108.902 0.129
202006 -0.026 108.767 -0.032
202009 0.019 109.815 0.023
202012 0.068 109.897 0.082
202103 -0.364 111.754 -0.429
202106 0.009 114.631 0.010
202109 -0.073 115.734 -0.083
202112 0.414 117.630 0.464
202203 0.151 121.301 0.164
202206 0.304 125.017 0.320
202209 -0.076 125.227 -0.080
202212 0.457 125.222 0.481
202303 -0.211 127.348 -0.218
202306 -0.297 128.729 -0.304
202309 -0.194 129.860 -0.197
202403 -0.283 131.776 -0.283

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


Tyntek  (TPE:2426) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.10/0.27
=67.04

* 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 Tyntek was 258.64. The lowest was 30.89. And the median was 47.03.


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.


Tyntek Cyclically Adjusted FCF per Share Related Terms

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


Tyntek (TPE:2426) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 15, Kezhong Road, Zhunan Township, Hsinchu Science Park, Miaulih, TWN
Tyntek Corp is engaged in research and development, manufacturing, and sales of relevant products, including gallium arsenide, infrared, light-emitting diodes, laser diodes, phototransistors, photodiodes, single crystal and epitaxy, crystal grains, optoelectronic systems, radio transmitters, and other electrical devices that can generate radio radiant energy.

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