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JMC Electronics Co (TPE:6552) Cyclically Adjusted FCF per Share : NT$1.64 (As of Mar. 2024)


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What is JMC Electronics Co 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.

JMC Electronics Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.885. 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$1.64 for the trailing ten years ended in Mar. 2024.

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 (2024-05-21), JMC Electronics Co's current stock price is NT$48.35. JMC Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.64. JMC Electronics Co's Cyclically Adjusted Price-to-FCF of today is 29.48.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of JMC Electronics Co was 31.43. The lowest was 20.90. And the median was 26.71.


JMC Electronics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for JMC Electronics 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.

* Premium members only.

JMC Electronics Co Cyclically Adjusted FCF per Share Chart

JMC Electronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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JMC Electronics Co 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 - - - - 1.64

Competitive Comparison of JMC Electronics Co's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, JMC Electronics 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.


JMC Electronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, JMC Electronics Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



JMC Electronics 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, JMC Electronics Co'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)
=0.885/131.7762*131.7762
=0.885

Current CPI (Mar. 2024) = 131.7762.

JMC Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201503 -1.990 99.621 -2.632
201506 0.836 100.684 1.094
201509 4.167 100.392 5.470
201512 -0.926 99.792 -1.223
201603 -1.104 100.470 -1.448
201606 0.913 101.688 1.183
201609 0.311 101.861 0.402
201612 2.937 101.863 3.799
201703 -0.977 102.862 -1.252
201706 -0.058 103.349 -0.074
201709 -1.180 104.136 -1.493
201712 -0.029 104.011 -0.037
201803 -2.019 105.290 -2.527
201806 0.650 106.317 0.806
201809 0.057 106.507 0.071
201812 -3.063 105.998 -3.808
201903 0.579 107.251 0.711
201906 -0.694 108.070 -0.846
201909 1.915 108.329 2.329
201912 -2.059 108.420 -2.503
202003 0.297 108.902 0.359
202006 -1.485 108.767 -1.799
202009 2.226 109.815 2.671
202012 0.203 109.897 0.243
202103 0.773 111.754 0.911
202106 0.570 114.631 0.655
202109 1.926 115.734 2.193
202112 1.736 117.630 1.945
202203 2.309 121.301 2.508
202206 0.504 125.017 0.531
202209 2.050 125.227 2.157
202212 0.770 125.222 0.810
202303 0.484 127.348 0.501
202306 0.624 128.729 0.639
202309 1.256 129.860 1.275
202312 0.663 129.419 0.675
202403 0.885 131.776 0.885

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


JMC Electronics Co  (TPE:6552) 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.

JMC Electronics Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=48.35/1.64
=29.48

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of JMC Electronics Co was 31.43. The lowest was 20.90. And the median was 26.71.


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.


JMC Electronics Co Cyclically Adjusted FCF per Share Related Terms

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


JMC Electronics Co (TPE:6552) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 8, Xinkai Road,, Nan-Tze Export Processing Zone Kaohsiung, Nanzi District,, Kaohsiung, TWN
JMC Electronics Co Ltd is a Taiwan-based company. It is engaged in manufacturing, processing, and trading of Chip on Film.

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