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Danen Technology (TPE:3686) Cyclically Adjusted FCF per Share : NT$-0.63 (As of Jun. 2024)


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What is Danen Technology 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.

Danen Technology's adjusted free cash flow per share for the three months ended in Jun. 2024 was NT$-0.084. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.63 for the trailing ten years ended in Jun. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 56.50% 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 Danen Technology was 56.50% per year. The lowest was 47.40% per year. And the median was 51.95% per year.

As of today (2024-09-22), Danen Technology's current stock price is NT$23.70. Danen Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was NT$-0.63. Danen Technology's Cyclically Adjusted Price-to-FCF of today is .


Danen Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Danen Technology'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.

Danen Technology Cyclically Adjusted FCF per Share Chart

Danen Technology 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 -13.25 -9.36 -4.01 -1.93 -0.77

Danen Technology 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 -1.39 -0.86 -0.77 -0.66 -0.63

Competitive Comparison of Danen Technology's Cyclically Adjusted FCF per Share

For the Solar subindustry, Danen Technology'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.


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

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

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



Danen Technology 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, Danen Technology'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)
=-0.084/132.5538*132.5538
=-0.084

Current CPI (Jun. 2024) = 132.5538.

Danen Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.402 100.428 0.531
201412 0.396 99.070 0.530
201503 0.658 99.621 0.876
201506 -1.096 100.684 -1.443
201509 0.075 100.392 0.099
201512 0.750 99.792 0.996
201603 1.105 100.470 1.458
201606 0.794 101.688 1.035
201609 -0.934 101.861 -1.215
201612 -0.525 101.863 -0.683
201703 0.019 102.862 0.024
201706 -0.686 103.349 -0.880
201709 -0.347 104.136 -0.442
201712 1.063 104.011 1.355
201803 -2.264 105.290 -2.850
201806 -0.044 106.317 -0.055
201809 -1.833 106.507 -2.281
201812 0.058 105.998 0.073
201903 -0.014 107.251 -0.017
201906 0.033 108.070 0.040
201909 -0.458 108.329 -0.560
201912 -0.386 108.420 -0.472
202003 -0.024 108.902 -0.029
202006 -0.274 108.767 -0.334
202009 -0.188 109.815 -0.227
202012 -0.016 109.897 -0.019
202103 -0.278 111.754 -0.330
202106 -0.134 114.631 -0.155
202109 0.206 115.734 0.236
202112 -0.372 117.630 -0.419
202203 -0.427 121.301 -0.467
202206 -0.108 125.017 -0.115
202209 -0.061 125.227 -0.065
202212 -0.912 125.222 -0.965
202303 0.332 127.348 0.346
202306 0.118 128.729 0.122
202309 0.135 129.860 0.138
202312 -0.073 129.419 -0.075
202403 0.065 131.776 0.065
202406 -0.084 132.554 -0.084

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


Danen Technology  (TPE:3686) 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.


Danen Technology Cyclically Adjusted FCF per Share Related Terms

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


Danen Technology Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 599, Huan-Nan Road, Taoyuan High-Tech Industrial Park, Guanyin District, Taoyuan, TWN, 328
Danen Technology Corp is a Taiwan-based company engaged in the manufacture and sales of solar wafer-related products. The company also provides manufacturing and processing services for a silicon wafers. It has geographical operations in Taiwan, Asia, and America.

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