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Trust-Search (ROCO:3115) Cyclically Adjusted Price-to-FCF : 34.83 (As of Jun. 11, 2024)


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What is Trust-Search Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Trust-Search's current share price is NT$10.10. Trust-Search's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.29. Trust-Search's Cyclically Adjusted Price-to-FCF for today is 34.83.

The historical rank and industry rank for Trust-Search's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ROCO:3115' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.8   Med: 30.71   Max: 236.88
Current: 35.04

During the past years, Trust-Search's highest Cyclically Adjusted Price-to-FCF was 236.88. The lowest was 20.80. And the median was 30.71.

ROCO:3115's Cyclically Adjusted Price-to-FCF is ranked worse than
56.79% of 965 companies
in the Hardware industry
Industry Median: 29.6 vs ROCO:3115: 35.04

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.

Trust-Search's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.253. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is NT$0.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trust-Search Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Trust-Search's Cyclically Adjusted Price-to-FCF 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.

Trust-Search Cyclically Adjusted Price-to-FCF Chart

Trust-Search Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 136.10 45.36 30.27 23.37 30.00

Trust-Search Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 23.93 32.43 33.32 30.00 36.25

Competitive Comparison of Trust-Search's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Trust-Search'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.


Trust-Search's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trust-Search's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Trust-Search Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Trust-Search's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.10/0.29
=34.83

* 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.

Trust-Search's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Trust-Search'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)
=-0.253/131.7762*131.7762
=-0.253

Current CPI (Mar. 2024) = 131.7762.

Trust-Search Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.670 100.560 -0.878
201409 -0.622 100.428 -0.816
201412 -0.937 99.070 -1.246
201503 -0.276 99.621 -0.365
201506 0.114 100.684 0.149
201509 0.330 100.392 0.433
201512 0.186 99.792 0.246
201603 0.411 100.470 0.539
201606 -0.415 101.688 -0.538
201609 0.737 101.861 0.953
201612 -0.037 101.863 -0.048
201703 0.047 102.862 0.060
201706 -0.040 103.349 -0.051
201709 -0.050 104.136 -0.063
201712 -0.250 104.011 -0.317
201803 0.471 105.290 0.589
201806 -0.335 106.317 -0.415
201809 1.527 106.507 1.889
201812 -1.486 105.998 -1.847
201903 -0.896 107.251 -1.101
201906 1.304 108.070 1.590
201909 0.557 108.329 0.678
201912 -0.485 108.420 -0.589
202003 0.126 108.902 0.152
202006 0.232 108.767 0.281
202009 1.635 109.815 1.962
202012 0.887 109.897 1.064
202103 0.219 111.754 0.258
202106 -0.300 114.631 -0.345
202109 0.708 115.734 0.806
202112 0.293 117.630 0.328
202203 0.346 121.301 0.376
202206 0.180 125.017 0.190
202209 -0.098 125.227 -0.103
202212 -0.096 125.222 -0.101
202303 0.386 127.348 0.399
202306 -0.714 128.729 -0.731
202309 -0.128 129.860 -0.130
202312 -0.121 129.419 -0.123
202403 -0.253 131.776 -0.253

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


Trust-Search  (ROCO:3115) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Trust-Search Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Trust-Search's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Trust-Search (ROCO:3115) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Chengde Road, 7th Floor, No.172, Section 4, Taipei, TWN, 111
Trust-Search Corp is engaged in printed circuit board laser testing, development and related technical services. The company's main test board includes mobile phone board, TFT car instrument panel, PS2, PSP and XBOX.

Trust-Search (ROCO:3115) Headlines

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