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Aurora Optoelectronics Co (SHSE:600666) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Aurora Optoelectronics Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aurora Optoelectronics Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aurora Optoelectronics 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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Aurora Optoelectronics Co Cyclically Adjusted Price-to-FCF Chart

Aurora Optoelectronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Aurora Optoelectronics Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Aurora Optoelectronics Co's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - General subindustry, Aurora Optoelectronics 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.


Aurora Optoelectronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Aurora Optoelectronics Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Aurora Optoelectronics 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.

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

For example, Aurora Optoelectronics 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)
=-0.037/115.2271*115.2271
=-0.037

Current CPI (Mar. 2024) = 115.2271.

Aurora Optoelectronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.391 98.200 -0.459
201409 -0.636 98.900 -0.741
201412 0.027 99.000 0.031
201503 -0.038 99.900 -0.044
201506 -0.284 99.500 -0.329
201509 -0.359 100.500 -0.412
201512 0.243 100.600 0.278
201603 -0.334 102.200 -0.377
201606 -0.248 101.400 -0.282
201609 -0.026 102.400 -0.029
201612 0.115 102.600 0.129
201703 0.031 103.200 0.035
201706 -0.013 103.100 -0.015
201709 -0.063 104.100 -0.070
201712 0.343 104.500 0.378
201803 0.022 105.300 0.024
201806 -0.080 104.900 -0.088
201809 -0.062 106.600 -0.067
201812 0.180 106.500 0.195
201903 0.026 107.700 0.028
201906 0.012 107.700 0.013
201909 0.027 109.800 0.028
201912 0.077 111.200 0.080
202003 -0.048 112.300 -0.049
202006 -0.006 110.400 -0.006
202009 0.002 111.700 0.002
202012 0.013 111.500 0.013
202103 0.019 112.662 0.019
202106 0.019 111.769 0.020
202109 -0.017 112.215 -0.017
202112 -0.001 113.108 -0.001
202203 0.005 114.335 0.005
202206 -0.005 114.558 -0.005
202209 0.002 115.339 0.002
202212 0.000 115.116 0.000
202303 0.004 115.116 0.004
202306 -0.104 114.558 -0.105
202309 -0.180 115.339 -0.180
202312 -0.020 114.781 -0.020
202403 -0.037 115.227 -0.037

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.


Aurora Optoelectronics Co  (SHSE:600666) 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.


Aurora Optoelectronics Co Cyclically Adjusted Price-to-FCF Related Terms

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Aurora Optoelectronics Co (SHSE:600666) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Haibin Road, Binxi Economic and Technological Development Zone, Heilongjiang Province, Harbin, CHN, 150431
Aurora Optoelectronics Co Ltd is engaged in the manufacturing, processing, and sales of sapphire crystal materials and equipment. Its produces sapphire, 3D glass hot bending machine, Hard and brittle material processing and polishing machine, flat grinding machine, edge grinding machine, milling and carving machine.

Aurora Optoelectronics Co (SHSE:600666) Headlines

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