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Kao Fong Machinery Co (ROCO:4510) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Kao Fong Machinery Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao Fong Machinery Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kao Fong Machinery 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.

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Kao Fong Machinery Co Cyclically Adjusted Price-to-FCF Chart

Kao Fong Machinery Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Kao Fong Machinery Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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Competitive Comparison of Kao Fong Machinery Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Kao Fong Machinery 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.


Kao Fong Machinery Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kao Fong Machinery Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kao Fong Machinery Co's Cyclically Adjusted Price-to-FCF falls into.



Kao Fong Machinery 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.

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

For example, Kao Fong Machinery 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)
=-0.21/131.7762*131.7762
=-0.210

Current CPI (Mar. 2024) = 131.7762.

Kao Fong Machinery Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.191 99.695 -2.896
201406 -1.053 100.560 -1.380
201409 -1.150 100.428 -1.509
201412 -0.681 99.070 -0.906
201503 -1.791 99.621 -2.369
201506 -1.635 100.684 -2.140
201509 -1.204 100.392 -1.580
201512 1.488 99.792 1.965
201603 -0.287 100.470 -0.376
201606 0.322 101.688 0.417
201609 0.220 101.861 0.285
201612 0.300 101.863 0.388
201703 0.583 102.862 0.747
201706 -0.630 103.349 -0.803
201709 0.702 104.136 0.888
201712 -0.796 104.011 -1.008
201803 -2.131 105.290 -2.667
201806 -0.852 106.317 -1.056
201809 -0.347 106.507 -0.429
201812 -0.114 105.998 -0.142
201903 0.349 107.251 0.429
201906 1.862 108.070 2.270
201909 1.982 108.329 2.411
201912 0.899 108.420 1.093
202003 0.628 108.902 0.760
202006 0.751 108.767 0.910
202009 0.569 109.815 0.683
202012 -0.143 109.897 -0.171
202103 0.225 111.754 0.265
202106 -5.326 114.631 -6.123
202109 -0.222 115.734 -0.253
202112 -0.430 117.630 -0.482
202203 -0.826 121.301 -0.897
202206 0.366 125.017 0.386
202209 1.388 125.227 1.461
202212 0.508 125.222 0.535
202303 0.157 127.348 0.162
202306 1.536 128.729 1.572
202309 1.649 129.860 1.673
202403 -0.210 131.776 -0.210

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.


Kao Fong Machinery Co  (ROCO:4510) 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.


Kao Fong Machinery Co Cyclically Adjusted Price-to-FCF Related Terms

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Kao Fong Machinery Co (ROCO:4510) Business Description

Traded in Other Exchanges
N/A
Address
No.16, Keya Road,, Daya district, Taichung, TWN, 42881
Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. Its products consist of vertical machining centers, horizontal machining centers, numerical control milling machines, as well as bridge machining centers.

Kao Fong Machinery Co (ROCO:4510) Headlines

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