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Avalue Technology (ROCO:3479) Cyclically Adjusted Price-to-FCF : 22.58 (As of Jun. 10, 2024)


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What is Avalue Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Avalue Technology's current share price is NT$119.00. Avalue Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$5.27. Avalue Technology's Cyclically Adjusted Price-to-FCF for today is 22.58.

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

ROCO:3479' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.32   Med: 20.68   Max: 32.02
Current: 22.58

During the past years, Avalue Technology's highest Cyclically Adjusted Price-to-FCF was 32.02. The lowest was 12.32. And the median was 20.68.

ROCO:3479's Cyclically Adjusted Price-to-FCF is ranked better than
60.73% of 965 companies
in the Hardware industry
Industry Median: 29.6 vs ROCO:3479: 22.58

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.

Avalue Technology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$8.667. 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$5.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avalue Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Avalue Technology'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.

Avalue Technology Cyclically Adjusted Price-to-FCF Chart

Avalue Technology 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 28.18 15.24 17.93 23.48 27.56

Avalue Technology 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 24.32 23.21 21.70 27.56 23.63

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

For the Computer Hardware subindustry, Avalue Technology'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.


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

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

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



Avalue Technology 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=119.00/5.27
=22.58

* 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.

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

For example, Avalue Technology'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)
=8.667/131.7762*131.7762
=8.667

Current CPI (Mar. 2024) = 131.7762.

Avalue Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.011 100.560 1.325
201409 -0.431 100.428 -0.566
201412 -3.161 99.070 -4.205
201503 1.303 99.621 1.724
201506 -1.015 100.684 -1.328
201509 2.570 100.392 3.373
201512 0.340 99.792 0.449
201603 0.181 100.470 0.237
201606 4.694 101.688 6.083
201609 5.613 101.861 7.261
201612 -5.064 101.863 -6.551
201703 0.809 102.862 1.036
201706 -0.086 103.349 -0.110
201709 2.529 104.136 3.200
201712 -0.182 104.011 -0.231
201803 3.338 105.290 4.178
201806 0.770 106.317 0.954
201809 1.325 106.507 1.639
201812 -1.832 105.998 -2.278
201903 3.922 107.251 4.819
201906 2.769 108.070 3.376
201909 2.485 108.329 3.023
201912 0.089 108.420 0.108
202003 3.093 108.902 3.743
202006 0.222 108.767 0.269
202009 -0.350 109.815 -0.420
202012 1.440 109.897 1.727
202103 0.449 111.754 0.529
202106 -0.261 114.631 -0.300
202109 -0.020 115.734 -0.023
202112 -6.248 117.630 -6.999
202203 -0.980 121.301 -1.065
202206 1.735 125.017 1.829
202209 0.674 125.227 0.709
202212 2.480 125.222 2.610
202303 5.788 127.348 5.989
202306 6.647 128.729 6.804
202309 4.390 129.860 4.455
202312 -3.287 129.419 -3.347
202403 8.667 131.776 8.667

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.


Avalue Technology  (ROCO:3479) 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.


Avalue Technology Cyclically Adjusted Price-to-FCF Related Terms

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


Avalue Technology (ROCO:3479) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 228 Liancheng Road, Zhonghe District, 7th Floor, New Taipei City, TWN, 235
Avalue Technology Inc designs and manufactures PC-based industrial computer products. Its products include an embedded platform, industrial motherboard, applied panel computing, RISC platform and ODM service, industrial motherboard, intelligent system, and among others.

Avalue Technology (ROCO:3479) Headlines

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