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Forest Water Environmental Eng'g Co (TPE:8473) Cyclically Adjusted FCF per Share : NT$0.43 (As of Jun. 2024)


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What is Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co's adjusted free cash flow per share for the three months ended in Jun. 2024 was NT$-0.784. 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$0.43 for the trailing ten years ended in Jun. 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 (2024-09-26), Forest Water Environmental Eng'g Co's current stock price is NT$46.35. Forest Water Environmental Eng'g Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was NT$0.43. Forest Water Environmental Eng'g Co's Cyclically Adjusted Price-to-FCF of today is 107.79.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Forest Water Environmental Eng'g Co was 132.33. The lowest was 75.58. And the median was 95.29.


Forest Water Environmental Eng'g Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co Cyclically Adjusted FCF per Share Chart

Forest Water Environmental Eng'g Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Forest Water Environmental Eng'g Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - 0.52 0.43

Competitive Comparison of Forest Water Environmental Eng'g Co's Cyclically Adjusted FCF per Share

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.


Forest Water Environmental Eng'g Co's Cyclically Adjusted Price-to-FCF Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's Cyclically Adjusted Price-to-FCF falls into.



Forest Water Environmental Eng'g 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, Forest Water Environmental Eng'g Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.784/132.5538*132.5538
=-0.784

Current CPI (Jun. 2024) = 132.5538.

Forest Water Environmental Eng'g Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201503 -1.760 99.621 -2.342
201506 2.114 100.684 2.783
201509 -0.958 100.392 -1.265
201512 1.748 99.792 2.322
201603 -1.085 100.470 -1.431
201606 0.060 101.688 0.078
201609 2.773 101.861 3.609
201612 1.142 101.863 1.486
201703 -0.582 102.862 -0.750
201706 -1.892 103.349 -2.427
201709 0.735 104.136 0.936
201712 0.478 104.011 0.609
201803 -0.287 105.290 -0.361
201806 -1.761 106.317 -2.196
201809 -1.862 106.507 -2.317
201812 0.697 105.998 0.872
201903 -1.263 107.251 -1.561
201906 0.000 108.070 0.000
201909 0.396 108.329 0.485
201912 2.448 108.420 2.993
202003 -1.657 108.902 -2.017
202006 1.270 108.767 1.548
202009 -1.092 109.815 -1.318
202012 4.433 109.897 5.347
202103 -0.303 111.754 -0.359
202106 -1.152 114.631 -1.332
202109 3.242 115.734 3.713
202112 -1.089 117.630 -1.227
202203 -2.034 121.301 -2.223
202206 -0.224 125.017 -0.238
202209 0.439 125.227 0.465
202212 -0.323 125.222 -0.342
202303 -0.235 127.348 -0.245
202306 0.941 128.729 0.969
202309 0.388 129.860 0.396
202312 1.317 129.419 1.349
202403 -1.252 131.776 -1.259
202406 -0.784 132.554 -0.784

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


Forest Water Environmental Eng'g Co  (TPE:8473) 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.

Forest Water Environmental Eng'g Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=46.35/0.43
=107.79

* 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 Forest Water Environmental Eng'g Co was 132.33. The lowest was 75.58. And the median was 95.29.


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.


Forest Water Environmental Eng'g Co Cyclically Adjusted FCF per Share Related Terms

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


Forest Water Environmental Eng'g Co Business Description

Traded in Other Exchanges
N/A
Address
Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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