GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Giant Manufacturing Co Ltd (TPE:9921) » Definitions » Cyclically Adjusted FCF per Share

Giant Manufacturing Co (TPE:9921) Cyclically Adjusted FCF per Share : NT$3.87 (As of Mar. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Giant Manufacturing 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.

Giant Manufacturing Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$7.012. 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$3.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Giant Manufacturing Co's average Cyclically Adjusted FCF Growth Rate was 52.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -11.60% 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 Giant Manufacturing Co was 0.40% per year. The lowest was -11.60% per year. And the median was -5.60% per year.

As of today (2024-06-05), Giant Manufacturing Co's current stock price is NT$229.50. Giant Manufacturing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.87. Giant Manufacturing Co's Cyclically Adjusted Price-to-FCF of today is 59.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Giant Manufacturing Co was 102.86. The lowest was 43.78. And the median was 69.77.


Giant Manufacturing Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Giant Manufacturing 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.

Giant Manufacturing Co Cyclically Adjusted FCF per Share Chart

Giant Manufacturing 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 2.72 5.04 3.28 2.75 3.48

Giant Manufacturing 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 2.54 2.41 2.87 3.48 3.87

Competitive Comparison of Giant Manufacturing Co's Cyclically Adjusted FCF per Share

For the Leisure subindustry, Giant Manufacturing 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.


Giant Manufacturing Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Giant Manufacturing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Giant Manufacturing 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, Giant Manufacturing 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)
=7.012/131.7762*131.7762
=7.012

Current CPI (Mar. 2024) = 131.7762.

Giant Manufacturing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.410 100.560 7.089
201409 2.147 100.428 2.817
201412 -3.110 99.070 -4.137
201503 -2.326 99.621 -3.077
201506 4.017 100.684 5.257
201509 3.429 100.392 4.501
201512 -1.785 99.792 -2.357
201603 0.642 100.470 0.842
201606 4.778 101.688 6.192
201609 0.066 101.861 0.085
201612 -3.766 101.863 -4.872
201703 -1.364 102.862 -1.747
201706 7.619 103.349 9.715
201709 -0.850 104.136 -1.076
201712 -2.575 104.011 -3.262
201803 -5.573 105.290 -6.975
201806 6.140 106.317 7.610
201809 -0.961 106.507 -1.189
201812 0.508 105.998 0.632
201903 -0.092 107.251 -0.113
201906 3.983 108.070 4.857
201909 -2.664 108.329 -3.241
201912 -5.135 108.420 -6.241
202003 0.430 108.902 0.520
202006 16.315 108.767 19.766
202009 9.600 109.815 11.520
202012 -3.775 109.897 -4.527
202103 0.908 111.754 1.071
202106 0.201 114.631 0.231
202109 -6.300 115.734 -7.173
202112 -14.102 117.630 -15.798
202203 -5.561 121.301 -6.041
202206 1.215 125.017 1.281
202209 2.915 125.227 3.067
202212 -4.202 125.222 -4.422
202303 -1.291 127.348 -1.336
202306 11.457 128.729 11.728
202309 9.758 129.860 9.902
202312 0.623 129.419 0.634
202403 7.012 131.776 7.012

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


Giant Manufacturing Co  (TPE:9921) 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.

Giant Manufacturing Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=229.50/3.87
=59.30

* 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 Giant Manufacturing Co was 102.86. The lowest was 43.78. And the median was 69.77.


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.


Giant Manufacturing Co Cyclically Adjusted FCF per Share Related Terms

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


Giant Manufacturing Co (TPE:9921) Business Description

Traded in Other Exchanges
N/A
Address
Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763
Giant Manufacturing Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Giant distributes bicycles and components both domestically and internationally, and largely sells products under the Giant brand name.

Giant Manufacturing Co (TPE:9921) Headlines

No Headlines