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Advance Power Electronics Co (TPE:8261) Cyclically Adjusted FCF per Share : NT$2.64 (As of Mar. 2024)


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What is Advance Power 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.

Advance Power Electronics Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.780. 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$2.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Advance Power Electronics Co's average Cyclically Adjusted FCF Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% 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 Advance Power Electronics Co was 22.90% per year. The lowest was 3.60% per year. And the median was 13.25% per year.

As of today (2024-06-09), Advance Power Electronics Co's current stock price is NT$83.00. Advance Power Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.64. Advance Power Electronics Co's Cyclically Adjusted Price-to-FCF of today is 31.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Advance Power Electronics Co was 52.26. The lowest was 10.55. And the median was 33.74.


Advance Power Electronics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Advance Power 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.

Advance Power Electronics Co Cyclically Adjusted FCF per Share Chart

Advance Power Electronics Co 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 1.54 2.26 2.65 2.86 2.51

Advance Power 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 2.75 2.57 2.62 2.51 2.64

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

For the Semiconductors subindustry, Advance Power 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.


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

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

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



Advance Power 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, Advance Power 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)
=1.78/131.7762*131.7762
=1.780

Current CPI (Mar. 2024) = 131.7762.

Advance Power Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.874 100.560 1.145
201409 0.757 100.428 0.993
201412 0.411 99.070 0.547
201503 0.657 99.621 0.869
201506 -0.933 100.684 -1.221
201509 1.380 100.392 1.811
201512 1.266 99.792 1.672
201603 0.311 100.470 0.408
201606 -0.070 101.688 -0.091
201609 -0.538 101.861 -0.696
201612 -0.656 101.863 -0.849
201703 -0.748 102.862 -0.958
201706 -1.355 103.349 -1.728
201709 0.206 104.136 0.261
201712 0.240 104.011 0.304
201803 0.374 105.290 0.468
201806 0.672 106.317 0.833
201809 -0.252 106.507 -0.312
201812 -1.302 105.998 -1.619
201903 -1.512 107.251 -1.858
201906 0.470 108.070 0.573
201909 -0.542 108.329 -0.659
201912 0.828 108.420 1.006
202003 1.807 108.902 2.187
202006 0.143 108.767 0.173
202009 1.090 109.815 1.308
202012 0.272 109.897 0.326
202103 1.259 111.754 1.485
202106 2.874 114.631 3.304
202109 2.283 115.734 2.599
202112 2.622 117.630 2.937
202203 3.095 121.301 3.362
202206 1.606 125.017 1.693
202209 0.142 125.227 0.149
202212 1.131 125.222 1.190
202303 0.697 127.348 0.721
202306 -0.983 128.729 -1.006
202309 1.960 129.860 1.989
202312 1.292 129.419 1.316
202403 1.780 131.776 1.780

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


Advance Power Electronics Co  (TPE:8261) 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.

Advance Power 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
=83.00/2.64
=31.44

* 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 Advance Power Electronics Co was 52.26. The lowest was 10.55. And the median was 33.74.


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.


Advance Power Electronics Co Cyclically Adjusted FCF per Share Related Terms

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


Advance Power Electronics Co (TPE:8261) Business Description

Traded in Other Exchanges
N/A
Address
12th Floor-1 and 12th Floor-2, Number 5, Taiyuan 1st Street, Hsinchu County, Zhubei City, TWN, 30265
Advance Power Electronics Co Ltd provides total solutions for new power requirements in MOSFETs, IGBTs, and Power ICs in Taiwan. It is mainly engaged in the design of electronic elements, integrated circuits, semiconductors, and testing services. Its products are broadly applied in computing, consumer electronics, display, communications, and industrial segments.

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