Apex International Co (TPE:4927) Cyclically Adjusted FCF per Share: NT$-2.30 (As of Dec. 2025)

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TPE:4927 Apex International Co Ltd TPE:4927
67 GF Score
Price NT$36.50
GF Value NT$29.53
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Apex International Co Cyclically Adjusted FCF per Share?

Apex International Co TPE:4927 +3.25% 67 Cyclically Adjusted FCF per Share is NT$-2.30 as of Dec. 2025. GuruFocus rates TPE:4927 with a GF Score™ of 67/100 and a GF Value™ of NT$29.53 (Modestly Overvalued). The stock has 6 warning signs investors should review.

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.

Apex International Co's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$-1.486. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-2.30 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.50% 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 Apex International Co was 13.10% per year. The lowest was -16.40% per year. And the median was 11.00% per year.

As of today (2026-07-23), Apex International Co's current stock price is NT$36.50. Apex International Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$-2.30. Apex International Co's Cyclically Adjusted Price-to-FCF of today is .


Apex International Co  (TPE:4927) 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.


Apex International Co Cyclically Adjusted FCF per Share Related Terms


Apex International Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Apex International 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.

Apex International Co Cyclically Adjusted FCF per Share Chart

Apex International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.47 -3.44 -1.43 -2.28 -2.30

Apex International Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -2.28 -2.11 -1.86 -1.77 -2.30

TPE:4927 vs APH, GLW: Cyclically Adjusted FCF per Share Comparison

For the Electronic Components subindustry, Apex International 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.


Apex International Co Cyclically Adjusted Price-to-FCF vs Hardware Industry

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

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


TPE:4927
67GF Score
Apex International Co Ltd TPE:4927
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apex International 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, Apex International Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-1.486/324.0540*324.0540
=-1.486

Current CPI (Dec. 2025) = 324.0540.

Apex International Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 -0.214 238.132 -0.291
201606 -1.010 241.018 -1.358
201609 -0.056 241.428 -0.075
201612 0.416 241.432 0.558
201703 -0.393 243.801 -0.522
201706 -0.628 244.955 -0.831
201709 -1.746 246.819 -2.292
201712 3.787 246.524 4.978
201803 1.667 249.554 2.165
201806 -1.111 251.989 -1.429
201809 -1.187 252.439 -1.524
201812 2.525 251.233 3.257
201903 3.328 254.202 4.242
201906 -0.481 256.143 -0.609
201909 0.352 256.759 0.444
201912 0.339 256.974 0.427
202003 3.174 258.115 3.985
202006 0.646 257.797 0.812
202009 -1.280 260.280 -1.594
202012 -3.039 260.474 -3.781
202103 -1.802 264.877 -2.205
202106 -2.394 271.696 -2.855
202109 -1.934 274.310 -2.285
202112 -6.509 278.802 -7.565
202203 -1.515 287.504 -1.708
202206 -1.885 296.311 -2.061
202209 -3.174 296.808 -3.465
202212 3.440 296.797 3.756
202303 4.229 301.836 4.540
202306 -1.375 305.109 -1.460
202309 -0.248 307.789 -0.261
202312 0.290 306.746 0.306
202403 1.829 312.332 1.898
202406 -4.143 314.175 -4.273
202409 -3.982 315.301 -4.093
202412 -2.822 315.605 -2.898
202503 2.072 319.799 2.100
202506 -3.433 322.561 -3.449
202509 -2.107 324.800 -2.102
202512 -1.486 324.054 -1.486

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

What does a Cyclically Adjusted FCF per Share of NT$-2.30 mean?
Apex International Co (TPE:4927) has a Cyclically Adjusted FCF per Share of NT$-2.30 as of Dec. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Apex International Co and its competitors.
Is Apex International Co's Cyclically Adjusted FCF per Share too high?
Apex International Co's current Cyclically Adjusted FCF per Share is NT$-2.30. Overall, Apex International Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex International Co's Cyclically Adjusted FCF per Share compare to APH and GLW?
Apex International Co's Cyclically Adjusted FCF per Share of NT$-2.30 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Apex International Co and its competitors. Apex International Co's current Cyclically Adjusted FCF per Share is NT$-2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex International Co stock overvalued right now?
Based on GuruFocus' analysis, Apex International Co (TPE:4927) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$29.53, compared to a current price of NT$36.50 — trading 23.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$-2.30. Apex International Co's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Apex International Co (TPE:4927), the current Cyclically Adjusted FCF per Share is NT$-2.30 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apex International Co (TPE:4927) Overvalued in 2026?

Based on GuruFocus' analysis, Apex International Co stock appears to be overvalued. The current stock price of NT$36.50 is trading 23.6% above its estimated GF Value™ of NT$29.53. GuruFocus considers Apex International Co to be Modestly Overvalued.

Key valuation signals for TPE:4927:

  • Cyclically Adjusted FCF per Share: NT$-2.30
  • GF Value™: NT$29.53 vs. price of NT$36.50 (23.6% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the TPE:4927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apex International Co Business Description

Address 802, Oleander Way, West Bay Road, P.O. Box 32052, The Grand Pavilion Commercial Centre, Grand Cayman, CYM, KY1-1208
Apex International Co Ltd manufactures and sells double-sided and multi-layer printed circuit boards. It PCBs are applied in electronic products, such as digital versatile disks, LCD TVs, air conditioners, digital cameras, projectors, TV tuners, DVD players, recordable machines, printers, hard drives and motherboards, mobile phones, set-top boxes, and satellite TV receivers, as well as automotive audio components. Its product categories comprise home appliances, communication equipment, computer equipment, and auto parts. The Group has a single reportable segment: Thailand, which manufactures and sells PCBs. Geographically, it operates in Thailand, Korea, Hong Kong, Singapore, Vietnam, and Others.
67GF Score

Get the complete analysis for TPE:4927

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$36.50
Price
NT$29.53
GF Value