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Eastech Holding (TPE:5225) Cyclically Adjusted FCF per Share : NT$2.37 (As of Mar. 2024)


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What is Eastech Holding 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.

Eastech Holding's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-2.266. 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$2.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eastech Holding's average Cyclically Adjusted FCF Growth Rate was 20.30% 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.

As of today (2024-06-15), Eastech Holding's current stock price is NT$109.50. Eastech Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.37. Eastech Holding's Cyclically Adjusted Price-to-FCF of today is 46.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eastech Holding was 52.11. The lowest was 17.24. And the median was 23.43.


Eastech Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Eastech Holding'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.

Eastech Holding Cyclically Adjusted FCF per Share Chart

Eastech Holding 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 - - - 1.90 2.46

Eastech Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.97 2.15 2.27 2.46 2.37

Competitive Comparison of Eastech Holding's Cyclically Adjusted FCF per Share

For the Consumer Electronics subindustry, Eastech Holding'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.


Eastech Holding's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Eastech Holding 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, Eastech Holding's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-2.266/131.7762*131.7762
=-2.266

Current CPI (Mar. 2024) = 131.7762.

Eastech Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.212 100.560 -0.278
201409 0.585 100.428 0.768
201412 2.595 99.070 3.452
201503 -1.960 99.621 -2.593
201506 0.257 100.684 0.336
201509 1.951 100.392 2.561
201512 5.174 99.792 6.832
201603 -0.544 100.470 -0.714
201606 2.456 101.688 3.183
201609 0.538 101.861 0.696
201612 6.390 101.863 8.267
201703 -4.172 102.862 -5.345
201706 0.872 103.349 1.112
201709 -3.988 104.136 -5.047
201712 1.111 104.011 1.408
201803 -3.411 105.290 -4.269
201806 1.001 106.317 1.241
201809 -0.503 106.507 -0.622
201812 5.788 105.998 7.196
201903 2.169 107.251 2.665
201906 5.108 108.070 6.229
201909 7.305 108.329 8.886
201912 3.366 108.420 4.091
202003 -3.274 108.902 -3.962
202006 -6.605 108.767 -8.002
202009 0.633 109.815 0.760
202012 -7.777 109.897 -9.325
202103 -6.822 111.754 -8.044
202106 4.659 114.631 5.356
202109 -4.361 115.734 -4.965
202112 -11.541 117.630 -12.929
202203 1.122 121.301 1.219
202206 -0.366 125.017 -0.386
202209 2.885 125.227 3.036
202212 8.384 125.222 8.823
202303 -0.033 127.348 -0.034
202306 3.121 128.729 3.195
202309 5.947 129.860 6.035
202312 5.031 129.419 5.123
202403 -2.266 131.776 -2.266

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


Eastech Holding  (TPE:5225) 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.

Eastech Holding's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=109.50/2.37
=46.20

* 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 Eastech Holding was 52.11. The lowest was 17.24. And the median was 23.43.


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.


Eastech Holding Cyclically Adjusted FCF per Share Related Terms

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


Eastech Holding (TPE:5225) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8F-1, No. 188, Baoqiao Road, Xindian District, New Taipei City, TWN, 23145
Eastech Holding Ltd is engaged in the design and manufacturing of acoustics, electronics, hardware, software, and systems engineering. Its transducers catalog covers standard design transducers, headphones and earphone transducers, scan-speak designed transducers, and others. The company offered products have applications in voice control products, Bluetooth systems, Wi-Fi systems, multi-channel sound systems, soundbar systems, active and passive speakers, home speakers, and headphones, among others. Geographically, the company operates in South Korea, Japan, China, Sweden, Denmark, and others and it derives a majority of its revenue from South Korea.

Eastech Holding (TPE:5225) Headlines

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