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Ji-Haw Industrial Co (TPE:3011) Cyclically Adjusted FCF per Share : NT$-0.25 (As of Dec. 2023)


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What is Ji-Haw Industrial 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.

Ji-Haw Industrial Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was NT$-0.923. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.25 for the trailing ten years ended in Dec. 2023.

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 (2024-05-01), Ji-Haw Industrial Co's current stock price is NT$27.40. Ji-Haw Industrial Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$-0.25. Ji-Haw Industrial Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ji-Haw Industrial Co was 1230.00. The lowest was 20.50. And the median was 200.00.


Ji-Haw Industrial Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ji-Haw Industrial 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.

Ji-Haw Industrial Co Cyclically Adjusted FCF per Share Chart

Ji-Haw Industrial 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 0.01 0.06 -0.01 -0.06 -0.25

Ji-Haw Industrial Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.06 -0.08 -0.08 -0.11 -0.25

Competitive Comparison of Ji-Haw Industrial Co's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Ji-Haw Industrial 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.


Ji-Haw Industrial Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ji-Haw Industrial Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ji-Haw Industrial Co's Cyclically Adjusted Price-to-FCF falls into.



Ji-Haw Industrial 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, Ji-Haw Industrial Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.923/129.4194*129.4194
=-0.923

Current CPI (Dec. 2023) = 129.4194.

Ji-Haw Industrial Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.003 99.695 -0.004
201406 0.694 100.560 0.893
201409 -0.111 100.428 -0.143
201412 -0.216 99.070 -0.282
201503 0.155 99.621 0.201
201506 -0.393 100.684 -0.505
201509 -0.372 100.392 -0.480
201512 0.622 99.792 0.807
201603 -0.184 100.470 -0.237
201606 0.000 101.688 0.000
201609 0.621 101.861 0.789
201612 1.035 101.863 1.315
201703 -0.112 102.862 -0.141
201706 0.012 103.349 0.015
201709 -0.317 104.136 -0.394
201712 -0.177 104.011 -0.220
201803 -0.613 105.290 -0.753
201806 0.243 106.317 0.296
201809 -0.393 106.507 -0.478
201812 -0.529 105.998 -0.646
201903 -0.051 107.251 -0.062
201906 0.006 108.070 0.007
201909 -0.320 108.329 -0.382
201912 0.238 108.420 0.284
202003 0.124 108.902 0.147
202006 -0.437 108.767 -0.520
202009 0.397 109.815 0.468
202012 -0.116 109.897 -0.137
202103 -0.216 111.754 -0.250
202106 -0.805 114.631 -0.909
202109 -0.924 115.734 -1.033
202112 0.285 117.630 0.314
202203 0.337 121.301 0.360
202206 0.874 125.017 0.905
202209 -0.581 125.227 -0.600
202212 0.144 125.222 0.149
202303 -0.107 127.348 -0.109
202306 0.162 128.729 0.163
202309 -0.360 129.860 -0.359
202312 -0.923 129.419 -0.923

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


Ji-Haw Industrial Co  (TPE:3011) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ji-Haw Industrial Co was 1230.00. The lowest was 20.50. And the median was 200.00.


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.


Ji-Haw Industrial Co Cyclically Adjusted FCF per Share Related Terms

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


Ji-Haw Industrial Co (TPE:3011) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 53, Baoxing Road, Xindian District, New Taipei City, TWN
Ji-Haw Industrial Co Ltd is a Taiwan-based electronic components manufacturing company. The company is mainly involved in the manufacturing, processing, and trading of electronic parts such as sockets, connectors, wires, and cables and the rendering of commercial services.

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