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K Way Co (ROCO:5201) Cyclically Adjusted Price-to-FCF : 16.49 (As of Jun. 13, 2024)


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What is K Way Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-13), K Way Co's current share price is NT$27.70. K Way Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.68. K Way Co's Cyclically Adjusted Price-to-FCF for today is 16.49.

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

ROCO:5201' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.14   Med: 28.17   Max: 47.99
Current: 17.18

During the past years, K Way Co's highest Cyclically Adjusted Price-to-FCF was 47.99. The lowest was 17.14. And the median was 28.17.

ROCO:5201's Cyclically Adjusted Price-to-FCF is ranked better than
69.9% of 681 companies
in the Software industry
Industry Median: 28.35 vs ROCO:5201: 17.18

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.

K Way Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.746. 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$1.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


K Way Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for K Way 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.

K Way Co Cyclically Adjusted Price-to-FCF Chart

K Way Co 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 48.72 33.71 24.92 24.73 20.69

K Way Co 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 29.04 26.09 20.66 20.69 21.84

Competitive Comparison of K Way Co's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, K Way 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.


K Way Co's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



K Way 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.

K Way Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.70/1.68
=16.49

* 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.

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

For example, K Way 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)
=0.746/131.7762*131.7762
=0.746

Current CPI (Mar. 2024) = 131.7762.

K Way Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.674 100.560 0.883
201409 0.561 100.428 0.736
201412 1.342 99.070 1.785
201503 -0.339 99.621 -0.448
201506 0.314 100.684 0.411
201509 -0.239 100.392 -0.314
201512 0.515 99.792 0.680
201603 -0.550 100.470 -0.721
201606 -0.200 101.688 -0.259
201609 0.184 101.861 0.238
201612 0.892 101.863 1.154
201703 -1.175 102.862 -1.505
201706 0.283 103.349 0.361
201709 0.584 104.136 0.739
201712 0.512 104.011 0.649
201803 -0.407 105.290 -0.509
201806 0.736 106.317 0.912
201809 0.348 106.507 0.431
201812 1.105 105.998 1.374
201903 -0.824 107.251 -1.012
201906 0.305 108.070 0.372
201909 1.734 108.329 2.109
201912 0.459 108.420 0.558
202003 -0.158 108.902 -0.191
202006 1.435 108.767 1.739
202009 -0.165 109.815 -0.198
202012 1.694 109.897 2.031
202103 -0.249 111.754 -0.294
202106 -0.251 114.631 -0.289
202109 0.589 115.734 0.671
202112 0.572 117.630 0.641
202203 -1.036 121.301 -1.125
202206 0.596 125.017 0.628
202209 0.543 125.227 0.571
202212 0.689 125.222 0.725
202303 -1.191 127.348 -1.232
202306 2.112 128.729 2.162
202309 1.110 129.860 1.126
202312 0.483 129.419 0.492
202403 0.746 131.776 0.746

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.


K Way Co  (ROCO:5201) 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.


K Way Co Cyclically Adjusted Price-to-FCF Related Terms

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


K Way Co (ROCO:5201) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » K Way Co Ltd (ROCO:5201) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
Guangfu North Road, Songshan District, 5th Floor, No. 35, Lane 11, Taipei, TWN
K Way Co Ltd operates as a software company in financial industry. The company is focuses on the development of key system software in the securities and financial industry for trading, settlement, market data, FIX, trading tools. It mainly offers stable and speedy trading system, cross platform system, database settlement system, money management system, investment account management system & others.

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