/term/cyclically-adjusted-fcf/XKRX:131970 Doosan Tesna (XKRX:131970) Cyclically Adjusted FCF per Shar
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Doosan Tesna (XKRX:131970) Cyclically Adjusted FCF per Share : ₩-861.12 (As of Mar. 2024)


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What is Doosan Tesna 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.

Doosan Tesna's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩1,275.584. 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 ₩-861.12 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 (2024-06-20), Doosan Tesna's current stock price is ₩39250.00. Doosan Tesna's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩-861.12. Doosan Tesna's Cyclically Adjusted Price-to-FCF of today is .

Doosan Tesna Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Doosan Tesna'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.

Doosan Tesna Cyclically Adjusted FCF per Share Chart

Doosan Tesna 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 - - - -924.92 -945.18

Doosan Tesna 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 -1,158.94 -1,105.48 -980.60 -945.18 -861.12

Competitive Comparison of Doosan Tesna's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, Doosan Tesna'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.

Doosan Tesna's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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


Doosan Tesna 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, Doosan Tesna'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)
=1275.584/118.8477*118.8477
=1,275.584

Current CPI (Mar. 2024) = 118.8477.

Doosan Tesna Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 323.211 99.353 386.630
201409 413.870 99.608 493.811
201412 137.707 99.098 165.151
201503 133.217 99.720 158.770
201506 96.435 100.050 114.554
201509 155.365 100.110 184.445
201512 -24.139 100.220 -28.626
201603 -106.593 100.560 -125.978
201606 371.943 100.790 438.581
201609 64.141 101.460 75.133
201612 165.001 101.560 193.088
201703 -301.644 102.850 -348.563
201706 313.148 102.610 362.703
201709 444.715 103.490 510.710
201712 -227.381 102.990 -262.392
201803 -6.700 104.100 -7.649
201806 252.956 104.130 288.709
201809 179.708 105.650 202.157
201812 187.065 104.350 213.055
201903 -406.938 104.490 -462.854
201906 -1,547.800 104.880 -1,753.933
201909 343.736 105.200 388.329
201912 -2,096.152 105.120 -2,369.890
202003 -1,370.577 105.540 -1,543.395
202006 -649.597 104.870 -736.179
202009 -1,155.952 106.200 -1,293.618
202012 -2,698.399 105.765 -3,032.169
202103 -689.553 107.357 -763.356
202106 800.938 107.579 884.838
202109 1,143.196 108.759 1,249.239
202112 -86.385 109.676 -93.609
202203 -1,366.995 111.806 -1,453.093
202206 190.393 114.083 198.345
202209 -928.391 114.831 -960.863
202212 -3,010.589 115.200 -3,105.911
202303 -2,100.351 116.550 -2,141.765
202306 848.783 117.140 861.158
202309 2,077.786 119.111 2,073.189
202312 1,154.506 118.848 1,154.506
202403 1,275.584 118.848 1,275.584

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

Doosan Tesna  (XKRX:131970) 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.

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.

Doosan Tesna Cyclically Adjusted FCF per Share Related Terms

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

Doosan Tesna (XKRX:131970) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Doosan Tesna Inc (XKRX:131970) » Definitions » Cyclically Adjusted FCF per Share
Comparable Companies
XKRX:204620 XKRX:122900 XKRX:063570 XKRX:063170 XKRX:049720 XKRX:058850 XKRX:408920 XKRX:020710 XKRX:260930 XKRX:102370 LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA
Traded in Other Exchanges
N/A
Address
72, Road16, Sandanro, Gyeonggi-do, Pyeongtaek-si,, KOR, 459-040
Website
http://www.doosan-tesna.com
Doosan Tesna Inc provides semiconductor testing services. It provides total test service ranging from test program development to probe, final test, and backend service. It provides test services for various semiconductors used in mobile devices, automobiles, appliances, industrial goods, and security.

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