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Yuanta Financial Holdings Co (TPE:2885) Cyclically Adjusted FCF per Share : NT$-2.01 (As of Jun. 2024)


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What is Yuanta Financial Holdings Co 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.

Yuanta Financial Holdings Co's adjusted free cash flow per share for the three months ended in Jun. 2024 was NT$-0.543. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-2.01 for the trailing ten years ended in Jun. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -11.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% 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 Yuanta Financial Holdings Co was 12.80% per year. The lowest was -11.00% per year. And the median was 9.20% per year.

As of today (2024-09-19), Yuanta Financial Holdings Co's current stock price is NT$30.90. Yuanta Financial Holdings Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was NT$-2.01. Yuanta Financial Holdings Co's Cyclically Adjusted Price-to-FCF of today is .


Yuanta Financial Holdings Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yuanta Financial Holdings Co'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.

Yuanta Financial Holdings Co Cyclically Adjusted FCF per Share Chart

Yuanta Financial Holdings Co 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 -1.31 -1.06 -1.20 -0.98 -1.45

Yuanta Financial Holdings Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -1.54 -1.35 -1.45 -1.86 -2.01

Competitive Comparison of Yuanta Financial Holdings Co's Cyclically Adjusted FCF per Share

For the Financial Conglomerates subindustry, Yuanta Financial Holdings Co'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.


Yuanta Financial Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Yuanta Financial Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Yuanta Financial Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



Yuanta Financial Holdings Co 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, Yuanta Financial Holdings Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.543/132.5538*132.5538
=-0.543

Current CPI (Jun. 2024) = 132.5538.

Yuanta Financial Holdings Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.755 100.428 -0.997
201412 -1.064 99.070 -1.424
201503 -4.360 99.621 -5.801
201506 -0.307 100.684 -0.404
201509 0.810 100.392 1.069
201512 -2.617 99.792 -3.476
201603 -0.628 100.470 -0.829
201606 2.117 101.688 2.760
201609 0.883 101.861 1.149
201612 -1.226 101.863 -1.595
201703 -7.554 102.862 -9.734
201706 0.228 103.349 0.292
201709 0.732 104.136 0.932
201712 -2.501 104.011 -3.187
201803 -1.360 105.290 -1.712
201806 -1.908 106.317 -2.379
201809 2.719 106.507 3.384
201812 1.221 105.998 1.527
201903 -0.367 107.251 -0.454
201906 -0.523 108.070 -0.641
201909 3.250 108.329 3.977
201912 1.192 108.420 1.457
202003 0.889 108.902 1.082
202006 0.203 108.767 0.247
202009 -0.105 109.815 -0.127
202012 0.432 109.897 0.521
202103 -0.893 111.754 -1.059
202106 -2.873 114.631 -3.322
202109 4.788 115.734 5.484
202112 1.894 117.630 2.134
202203 -4.013 121.301 -4.385
202206 0.072 125.017 0.076
202209 2.652 125.227 2.807
202212 1.466 125.222 1.552
202303 -2.003 127.348 -2.085
202306 -4.861 128.729 -5.005
202309 3.804 129.860 3.883
202312 0.004 129.419 0.004
202403 -5.245 131.776 -5.276
202406 -0.543 132.554 -0.543

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


Yuanta Financial Holdings Co  (TPE:2885) 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.


Yuanta Financial Holdings Co Cyclically Adjusted FCF per Share Related Terms

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Yuanta Financial Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
No. 66, Section 1, Dunhua South Road, 6th, 10th, 12th and 13th Floors, Songshan District, Taipei, TWN
Yuanta Financial Holdings Co Ltd is engages in the business of a financial holding company and its operations are limited to investing and investment management.

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