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Taitron Components (Taitron Components) Cyclically Adjusted Price-to-FCF : 10.53 (As of May. 01, 2024)


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What is Taitron Components Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Taitron Components's current share price is $3.16. Taitron Components's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.30. Taitron Components's Cyclically Adjusted Price-to-FCF for today is 10.53.

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

TAIT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.23   Med: 15.4   Max: 47.77
Current: 10.66

During the past years, Taitron Components's highest Cyclically Adjusted Price-to-FCF was 47.77. The lowest was 4.23. And the median was 15.40.

TAIT's Cyclically Adjusted Price-to-FCF is ranked better than
84.1% of 962 companies
in the Hardware industry
Industry Median: 27.775 vs TAIT: 10.66

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.

Taitron Components's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.186. 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 $0.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taitron Components Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Taitron Components'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.

Taitron Components Cyclically Adjusted Price-to-FCF Chart

Taitron Components 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 21.99 19.15 17.97 14.22 11.95

Taitron Components Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 14.22 14.17 15.77 12.59 11.95

Competitive Comparison of Taitron Components's Cyclically Adjusted Price-to-FCF

For the Electronics & Computer Distribution subindustry, Taitron Components'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.


Taitron Components's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Taitron Components 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.

Taitron Components's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.16/0.3
=10.53

* 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.

Taitron Components's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Taitron Components's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.186/129.4194*129.4194
=0.186

Current CPI (Dec. 2023) = 129.4194.

Taitron Components Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.014 99.695 -0.018
201406 0.073 100.560 0.094
201409 0.044 100.428 0.057
201412 0.074 99.070 0.097
201503 -0.009 99.621 -0.012
201506 0.018 100.684 0.023
201509 -0.012 100.392 -0.015
201512 0.053 99.792 0.069
201603 -0.053 100.470 -0.068
201606 0.099 101.688 0.126
201609 0.077 101.861 0.098
201612 0.088 101.863 0.112
201703 -0.070 102.862 -0.088
201706 0.074 103.349 0.093
201709 0.019 104.136 0.024
201712 0.035 104.011 0.044
201803 0.086 105.290 0.106
201806 0.052 106.317 0.063
201809 0.109 106.507 0.132
201812 0.155 105.998 0.189
201903 0.044 107.251 0.053
201906 -0.045 108.070 -0.054
201909 0.147 108.329 0.176
201912 0.094 108.420 0.112
202003 0.068 108.902 0.081
202006 0.062 108.767 0.074
202009 0.121 109.815 0.143
202012 0.100 109.897 0.118
202103 0.105 111.754 0.122
202106 0.032 114.631 0.036
202109 0.113 115.734 0.126
202112 0.041 117.630 0.045
202203 -0.148 121.301 -0.158
202206 0.107 125.017 0.111
202209 0.097 125.227 0.100
202212 0.216 125.222 0.223
202303 0.156 127.348 0.159
202306 0.030 128.729 0.030
202309 0.149 129.860 0.148
202312 0.186 129.419 0.186

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.


Taitron Components  (NAS:TAIT) 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.


Taitron Components Cyclically Adjusted Price-to-FCF Related Terms

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


Taitron Components (Taitron Components) Business Description

Industry
Traded in Other Exchanges
N/A
Address
28040 West Harrison Parkway, Valencia, CA, USA, 91355
Taitron Components Inc is a supplier of originally designed and manufactured (ODM) products that include value-added engineering and turn-key solutions. It focuses on providing original equipment manufacturers (OEMs) and contracts electronic manufacturers (CEMs) with ODM products for their multi-year turn-key projects and ODM electronic components. Its product offerings range from discrete semiconductors to small electronic devices. The company also distributes brand-name electronic components with a vast inventory available on hand. Its Taiwan and China locations provide support for inventory sourcing, purchases, and coordinating the manufacture of ODM Projects and ODM Components.
Executives
Chi-lin Chung director 28040 WEST HARRISON PARKWAY, VALENCIA CA 91355
Craig Miller director 15165 VENTURA BLVD, STE 425, SHERMAAN OAKS CA 91403
David Vanderhorst officer: CFO C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Stewart Wang director, 10 percent owner, officer: President, CEO, CFO C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Tzu Sheng Ku director, 10 percent owner, officer: Chairman C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Richard Chiang director 28040 W HARRISON PKWY, VALENCIA CA 91355
Felix Sung director C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355

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