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Global Lighting Technologies (TPE:4935) Cyclically Adjusted FCF per Share : NT$6.07 (As of Dec. 2023)


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What is Global Lighting Technologies 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.

Global Lighting Technologies's adjusted free cash flow per share for the three months ended in Dec. 2023 was NT$0.899. 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$6.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Global Lighting Technologies's average Cyclically Adjusted FCF Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 39.40% 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 Global Lighting Technologies was 79.10% per year. The lowest was 39.40% per year. And the median was 59.25% per year.

As of today (2024-04-30), Global Lighting Technologies's current stock price is NT$60.80. Global Lighting Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$6.07. Global Lighting Technologies's Cyclically Adjusted Price-to-FCF of today is 10.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Global Lighting Technologies was 154.64. The lowest was 8.05. And the median was 20.21.


Global Lighting Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Global Lighting Technologies'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.

Global Lighting Technologies Cyclically Adjusted FCF per Share Chart

Global Lighting Technologies 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 0.97 2.24 3.77 5.57 6.07

Global Lighting Technologies 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 5.57 5.85 5.73 5.98 6.07

Competitive Comparison of Global Lighting Technologies's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Global Lighting Technologies'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.


Global Lighting Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Global Lighting Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Global Lighting Technologies 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, Global Lighting Technologies'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)
=0.899/129.4194*129.4194
=0.899

Current CPI (Dec. 2023) = 129.4194.

Global Lighting Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.984 99.695 1.277
201406 1.053 100.560 1.355
201409 1.576 100.428 2.031
201412 1.488 99.070 1.944
201503 0.752 99.621 0.977
201506 0.238 100.684 0.306
201509 1.756 100.392 2.264
201512 0.164 99.792 0.213
201603 1.509 100.470 1.944
201606 0.687 101.688 0.874
201609 1.013 101.861 1.287
201612 -0.750 101.863 -0.953
201703 -0.060 102.862 -0.075
201706 -1.100 103.349 -1.377
201709 -0.271 104.136 -0.337
201712 0.019 104.011 0.024
201803 2.079 105.290 2.555
201806 -0.580 106.317 -0.706
201809 -0.069 106.507 -0.084
201812 1.351 105.998 1.650
201903 1.103 107.251 1.331
201906 -0.452 108.070 -0.541
201909 0.847 108.329 1.012
201912 1.696 108.420 2.024
202003 0.681 108.902 0.809
202006 1.908 108.767 2.270
202009 2.819 109.815 3.322
202012 7.097 109.897 8.358
202103 2.183 111.754 2.528
202106 0.057 114.631 0.064
202109 3.755 115.734 4.199
202112 1.385 117.630 1.524
202203 2.421 121.301 2.583
202206 3.983 125.017 4.123
202209 -0.789 125.227 -0.815
202212 5.358 125.222 5.538
202303 0.610 127.348 0.620
202306 2.030 128.729 2.041
202309 3.617 129.860 3.605
202312 0.899 129.419 0.899

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


Global Lighting Technologies  (TPE:4935) 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.

Global Lighting Technologies's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=60.80/6.07
=10.02

* 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 Global Lighting Technologies was 154.64. The lowest was 8.05. And the median was 20.21.


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.


Global Lighting Technologies Cyclically Adjusted FCF per Share Related Terms

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


Global Lighting Technologies (TPE:4935) Business Description

Traded in Other Exchanges
N/A
Address
No. 1149, Section 3, Minquan Road, Zhongli District, Taoyuan City, TWN
Global Lighting Technologies Inc is engaged in the design, manufacturing, and sales of applications of light guide plates, the development of optical molds, and the manufacturing, and sales of plastic components. The company has two reportable segments; the Department of light guide plates applications which provide the service of manufacturing and sales of related application products such as light guide plates, and the Department of plastic components which provides the service of design, manufacturing, and sales of plastic components. Geographically, the company operates in Asia, America, and Others, out of which it earns a majority of its revenue from Asia.

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