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Ushine Photonics (ROCO:3678) Cyclically Adjusted Price-to-FCF : 43.81 (As of May. 17, 2024)


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What is Ushine Photonics Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Ushine Photonics's current share price is NT$46.00. Ushine Photonics's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was NT$1.05. Ushine Photonics's Cyclically Adjusted Price-to-FCF for today is 43.81.

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

ROCO:3678' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 43.67   Med: 75.95   Max: 152.07
Current: 45.96

During the past 13 years, Ushine Photonics's highest Cyclically Adjusted Price-to-FCF was 152.07. The lowest was 43.67. And the median was 75.95.

ROCO:3678's Cyclically Adjusted Price-to-FCF is ranked worse than
68.17% of 575 companies
in the Chemicals industry
Industry Median: 25.01 vs ROCO:3678: 45.96

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.

Ushine Photonics's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was NT$1.566. 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$1.05 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ushine Photonics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ushine Photonics'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.

Ushine Photonics Cyclically Adjusted Price-to-FCF Chart

Ushine Photonics 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 - - - 87.89 48.58

Ushine Photonics Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 87.89 - 48.58

Competitive Comparison of Ushine Photonics's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Ushine Photonics'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.


Ushine Photonics's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ushine Photonics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ushine Photonics 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.

Ushine Photonics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=46.00/1.05
=43.81

* 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.

Ushine Photonics's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Ushine Photonics's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.566/129.4194*129.4194
=1.566

Current CPI (Dec23) = 129.4194.

Ushine Photonics Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.572 99.070 -0.747
201512 1.910 99.792 2.477
201612 0.096 101.863 0.122
201712 -0.292 104.011 -0.363
201812 1.199 105.998 1.464
201912 -0.852 108.420 -1.017
202012 0.884 109.897 1.041
202112 0.777 117.630 0.855
202212 4.915 125.222 5.080
202312 1.566 129.419 1.566

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.


Ushine Photonics  (ROCO:3678) 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.


Ushine Photonics Cyclically Adjusted Price-to-FCF Related Terms

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


Ushine Photonics (ROCO:3678) Business Description

Traded in Other Exchanges
N/A
Address
No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302
Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.

Ushine Photonics (ROCO:3678) Headlines

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