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Hannstar Display (TPE:6116) Cyclically Adjusted FCF per Share : NT$0.00 (As of Mar. 2024)


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What is Hannstar Display 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.

Hannstar Display's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.819. 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$0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hannstar Display's average Cyclically Adjusted FCF Growth Rate was -100.00% 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 (2024-05-15), Hannstar Display's current stock price is NT$10.10. Hannstar Display's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.00. Hannstar Display's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hannstar Display was 3635.13. The lowest was 17.23. And the median was 52.73.


Hannstar Display Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hannstar Display'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.

Hannstar Display Cyclically Adjusted FCF per Share Chart

Hannstar Display 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 -0.42 -0.22 0.32 0.36 0.12

Hannstar Display 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 0.25 0.13 0.10 0.12 -

Competitive Comparison of Hannstar Display's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Hannstar Display'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.


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

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

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



Hannstar Display 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, Hannstar Display'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)
=-0.819/129.4194*129.4194
=-0.819

Current CPI (Mar. 2024) = 129.4194.

Hannstar Display Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.255 100.560 -0.328
201409 0.329 100.428 0.424
201412 0.491 99.070 0.641
201503 -0.107 99.621 -0.139
201506 -0.501 100.684 -0.644
201509 0.572 100.392 0.737
201512 0.197 99.792 0.255
201603 -0.031 100.470 -0.040
201606 -0.315 101.688 -0.401
201609 0.464 101.861 0.590
201612 0.783 101.863 0.995
201703 -0.437 102.862 -0.550
201706 0.876 103.349 1.097
201709 -0.269 104.136 -0.334
201712 -0.038 104.011 -0.047
201803 0.339 105.290 0.417
201806 -0.149 106.317 -0.181
201809 -0.057 106.507 -0.069
201812 -0.114 105.998 -0.139
201903 -0.298 107.251 -0.360
201906 0.071 108.070 0.085
201909 -0.094 108.329 -0.112
201912 -0.016 108.420 -0.019
202003 -0.411 108.902 -0.488
202006 -0.033 108.767 -0.039
202009 0.468 109.815 0.552
202012 0.597 109.897 0.703
202103 0.931 111.754 1.078
202106 0.796 114.631 0.899
202109 0.237 115.734 0.265
202112 -0.244 117.630 -0.268
202203 0.067 121.301 0.071
202206 -0.275 125.017 -0.285
202209 -0.285 125.227 -0.295
202212 -0.480 125.222 -0.496
202303 -0.960 127.348 -0.976
202306 -0.878 128.729 -0.883
202309 -0.420 129.860 -0.419
202312 -0.450 129.419 -0.450
202403 -0.819 129.419 -0.819

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


Hannstar Display  (TPE:6116) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hannstar Display was 3635.13. The lowest was 17.23. And the median was 52.73.


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.


Hannstar Display Cyclically Adjusted FCF per Share Related Terms

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


Hannstar Display (TPE:6116) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lane 168, Xingshan Road, 4Floor, No.15, Neihu District, Taipei, TWN, 11469
Hannstar Display Corp is a Taiwan-based manufacturer and seller of TFT-LCD panels, flat-panel displays, CCTV and related components. The firm has two fabrication facilities, one facility to manufacture liquid crystal displays, and one facility to manufacture liquid crystal monitors. These display products are low-radiation, low energy consumption, and lightweight. Hannstar display products are sold primarily to original equipment manufacturers of computer products. The firm has operations in Taiwan and China.

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