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APCB (TPE:6108) Cyclically Adjusted FCF per Share : NT$3.10 (As of Mar. 2025)


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What is APCB 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.

APCB's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$-1.548. 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$3.10 for the trailing ten years ended in Mar. 2025.

During the past 12 months, APCB's average Cyclically Adjusted FCF Growth Rate was -5.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.20% 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 APCB was 16.20% per year. The lowest was 10.30% per year. And the median was 13.25% per year.

As of today (2025-05-23), APCB's current stock price is NT$14.50. APCB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$3.10. APCB's Cyclically Adjusted Price-to-FCF of today is 4.68.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of APCB was 12.33. The lowest was 4.44. And the median was 6.50.


APCB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for APCB'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.

APCB Cyclically Adjusted FCF per Share Chart

APCB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.11 3.10 3.33 3.31

APCB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.29 3.52 3.56 3.31 3.10

Competitive Comparison of APCB's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, APCB'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.


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

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

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


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APCB 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, APCB's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.548/134.9266*134.9266
=-1.548

Current CPI (Mar. 2025) = 134.9266.

APCB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.313 100.684 -0.419
201509 -2.849 100.392 -3.829
201512 4.126 99.792 5.579
201603 3.499 100.470 4.699
201606 1.411 101.688 1.872
201609 0.286 101.861 0.379
201612 -0.235 101.863 -0.311
201703 2.024 102.862 2.655
201706 -0.931 103.349 -1.215
201709 0.909 104.136 1.178
201712 1.042 104.011 1.352
201803 -0.257 105.290 -0.329
201806 2.455 106.317 3.116
201809 -3.256 106.507 -4.125
201812 4.399 105.998 5.600
201903 4.178 107.251 5.256
201906 0.702 108.070 0.876
201909 0.607 108.329 0.756
201912 0.423 108.420 0.526
202003 -0.113 108.902 -0.140
202006 0.096 108.767 0.119
202009 -1.550 109.815 -1.904
202012 0.000 109.897 0.000
202103 -0.118 111.754 -0.142
202106 -0.293 114.631 -0.345
202109 -1.963 115.734 -2.289
202112 1.218 117.630 1.397
202203 2.338 121.301 2.601
202206 2.257 125.017 2.436
202209 1.297 125.227 1.397
202212 3.274 125.222 3.528
202303 0.309 127.348 0.327
202306 0.739 128.729 0.775
202309 0.014 129.860 0.015
202312 -1.353 129.419 -1.411
202403 0.169 131.776 0.173
202406 1.834 132.554 1.867
202409 0.058 133.029 0.059
202412 -0.297 133.157 -0.301
202503 -1.548 134.927 -1.548

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


APCB  (TPE:6108) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.50/3.10
=4.68

* 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 APCB was 12.33. The lowest was 4.44. And the median was 6.50.


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.


APCB Cyclically Adjusted FCF per Share Related Terms

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


APCB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » APCB Inc (TPE:6108) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
N/A
Address
No. 6, Lane 84, Junying Street, Shulin District, New Taipei City, TWN
APCB Inc engages in the production and sale of printed circuit boards in Taiwan and internationally. The company products include double-sided printed circuit boards and multi-layer printed circuit boards. It offers NB boards for memory modules, notebook computers, and network cards; TFT/LCDs.

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