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TongHwa (TPE:1418) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2025)


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What is TongHwa Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


TongHwa Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TongHwa'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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TongHwa Cyclically Adjusted Price-to-FCF Chart

TongHwa Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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TongHwa Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of TongHwa's Cyclically Adjusted Price-to-FCF

For the Textile Manufacturing subindustry, TongHwa'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.


TongHwa's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TongHwa's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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TongHwa 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.

TongHwa's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, TongHwa's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.252/134.9266*134.9266
=-1.252

Current CPI (Mar. 2025) = 134.9266.

TongHwa Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.439 100.684 1.928
201509 -0.526 100.392 -0.707
201512 0.176 99.792 0.238
201603 -0.054 100.470 -0.073
201606 -0.224 101.688 -0.297
201609 -0.746 101.861 -0.988
201612 0.135 101.863 0.179
201703 -0.581 102.862 -0.762
201706 -1.277 103.349 -1.667
201709 -0.789 104.136 -1.022
201712 -1.166 104.011 -1.513
201803 -2.334 105.290 -2.991
201806 0.588 106.317 0.746
201809 -0.985 106.507 -1.248
201812 -0.595 105.998 -0.757
201903 -1.667 107.251 -2.097
201906 -1.084 108.070 -1.353
201909 -1.097 108.329 -1.366
201912 -1.594 108.420 -1.984
202003 -1.283 108.902 -1.590
202006 -1.050 108.767 -1.303
202009 -0.606 109.815 -0.745
202012 -0.322 109.897 -0.395
202103 -0.801 111.754 -0.967
202106 -0.807 114.631 -0.950
202109 -0.453 115.734 -0.528
202112 -0.572 117.630 -0.656
202203 -0.645 121.301 -0.717
202206 -0.380 125.017 -0.410
202209 -0.533 125.227 -0.574
202212 -0.498 125.222 -0.537
202303 -0.535 127.348 -0.567
202306 -0.536 128.729 -0.562
202309 -1.716 129.860 -1.783
202312 -0.164 129.419 -0.171
202403 -0.552 131.776 -0.565
202406 -0.783 132.554 -0.797
202409 -0.784 133.029 -0.795
202412 -7.801 133.157 -7.905
202503 -1.252 134.927 -1.252

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.


TongHwa  (TPE:1418) 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.


TongHwa Cyclically Adjusted Price-to-FCF Related Terms

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TongHwa Business Description

Traded in Other Exchanges
N/A
Address
Xinsheng South Road, 9th Floor, No. 56, Section 1, Zhongzheng District, Taipei, TWN, 100014
TongHwa Corp is a Taiwan-based company. The company manufactures and distributes acrylic fibers. It offers high shrinkage, fine denier, flat type, super soft, and anti-pilling fibers that are used in apparel comprising sweaters, women's wear, and children's wear. Its products include sweaters, flannel, blankets, carpets, sofa fabrics, socks, toys, and interior accessories.

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