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Microcosm Technology Co (ROCO:3354) Cyclically Adjusted Price-to-FCF : 23.85 (As of Jun. 25, 2024)


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What is Microcosm Technology Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-25), Microcosm Technology Co's current share price is NT$23.85. Microcosm Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.00. Microcosm Technology Co's Cyclically Adjusted Price-to-FCF for today is 23.85.

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

ROCO:3354' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.99   Med: 17.89   Max: 29.74
Current: 24.77

During the past years, Microcosm Technology Co's highest Cyclically Adjusted Price-to-FCF was 29.74. The lowest was 10.99. And the median was 17.89.

ROCO:3354's Cyclically Adjusted Price-to-FCF is ranked better than
57.5% of 967 companies
in the Hardware industry
Industry Median: 30.66 vs ROCO:3354: 24.77

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.

Microcosm Technology Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.034. 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$1.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Microcosm Technology Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Microcosm Technology Co'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.

Microcosm Technology Co Cyclically Adjusted Price-to-FCF Chart

Microcosm Technology Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 24.15 20.37 20.91 13.18

Microcosm Technology Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 13.18 14.71 15.56 13.88 24.21

Competitive Comparison of Microcosm Technology Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Microcosm Technology 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.


Microcosm Technology Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Microcosm Technology Co 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.

Microcosm Technology Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.85/1
=23.85

* 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.

Microcosm Technology Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Microcosm Technology 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)
=-0.034/131.7762*131.7762
=-0.034

Current CPI (Mar. 2024) = 131.7762.

Microcosm Technology Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.681 99.695 0.900
201406 -0.342 100.560 -0.448
201409 0.591 100.428 0.775
201412 1.130 99.070 1.503
201503 0.951 99.621 1.258
201506 0.571 100.684 0.747
201509 0.895 100.392 1.175
201512 0.683 99.792 0.902
201603 0.339 100.470 0.445
201606 0.136 101.688 0.176
201609 -0.294 101.861 -0.380
201612 0.367 101.863 0.475
201703 0.023 102.862 0.029
201706 -0.149 103.349 -0.190
201709 0.009 104.136 0.011
201712 0.732 104.011 0.927
201803 0.349 105.290 0.437
201806 1.032 106.317 1.279
201809 -0.371 106.507 -0.459
201812 0.270 105.998 0.336
201903 0.808 107.251 0.993
201906 -0.100 108.070 -0.122
201909 -1.567 108.329 -1.906
201912 0.622 108.420 0.756
202003 0.428 108.902 0.518
202006 -0.840 108.767 -1.018
202009 -2.371 109.815 -2.845
202012 -0.038 109.897 -0.046
202103 -0.366 111.754 -0.432
202106 0.455 114.631 0.523
202109 2.210 115.734 2.516
202112 0.768 117.630 0.860
202203 0.050 121.301 0.054
202206 0.289 125.017 0.305
202209 0.250 125.227 0.263
202212 0.157 125.222 0.165
202303 -0.171 127.348 -0.177
202306 -0.346 128.729 -0.354
202309 0.033 129.860 0.033
202403 -0.034 131.776 -0.034

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.


Microcosm Technology Co  (ROCO:3354) 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.


Microcosm Technology Co Cyclically Adjusted Price-to-FCF Related Terms

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


Microcosm Technology Co (ROCO:3354) Business Description

Traded in Other Exchanges
N/A
Address
No.8, Nanke 9th Road, ShanHwa District, Tainan City, TWN
Microcosm Technology Co Ltd is a Taiwan-based company engaged in developing, manufacturing, and marketing ultrathin flexible printed circuit board materials, adhesive less flexible PCB materials, and film-on-chip flexible substrates. The products of the company include Liquid photosensitive PI insulation, Customized transparent polyamide, Low retardation transparent sheets, Bending resistant transparent sheets, and others.

Microcosm Technology Co (ROCO:3354) Headlines

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