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Tainan Spinning Co (TPE:1440) Cyclically Adjusted Price-to-FCF : (As of Sep. 26, 2024)


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What is Tainan Spinning Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tainan Spinning Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tainan Spinning 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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Tainan Spinning Co Cyclically Adjusted Price-to-FCF Chart

Tainan Spinning Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Tainan Spinning Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Tainan Spinning Co's Cyclically Adjusted Price-to-FCF

For the Textile Manufacturing subindustry, Tainan Spinning 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.


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

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

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



Tainan Spinning 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.

Tainan Spinning Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Tainan Spinning Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.038/132.5538*132.5538
=-0.038

Current CPI (Jun. 2024) = 132.5538.

Tainan Spinning Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.031 100.428 -0.041
201412 -0.042 99.070 -0.056
201503 0.080 99.621 0.106
201506 -0.201 100.684 -0.265
201509 -0.113 100.392 -0.149
201512 0.409 99.792 0.543
201603 -0.721 100.470 -0.951
201606 0.002 101.688 0.003
201609 0.074 101.861 0.096
201612 0.062 101.863 0.081
201703 -0.438 102.862 -0.564
201706 -0.031 103.349 -0.040
201709 0.532 104.136 0.677
201712 -0.164 104.011 -0.209
201803 -0.327 105.290 -0.412
201806 -0.252 106.317 -0.314
201809 0.396 106.507 0.493
201812 -0.083 105.998 -0.104
201903 -0.215 107.251 -0.266
201906 -0.381 108.070 -0.467
201909 0.600 108.329 0.734
201912 0.256 108.420 0.313
202003 -0.554 108.902 -0.674
202006 -0.397 108.767 -0.484
202009 0.474 109.815 0.572
202012 0.649 109.897 0.783
202103 -0.019 111.754 -0.023
202106 -0.073 114.631 -0.084
202109 -0.286 115.734 -0.328
202112 0.666 117.630 0.750
202203 0.513 121.301 0.561
202206 0.148 125.017 0.157
202209 0.133 125.227 0.141
202212 0.354 125.222 0.375
202303 -0.584 127.348 -0.608
202306 0.061 128.729 0.063
202309 0.184 129.860 0.188
202312 -0.330 129.419 -0.338
202403 -0.630 131.776 -0.634
202406 -0.038 132.554 -0.038

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.


Tainan Spinning Co  (TPE:1440) 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.


Tainan Spinning Co Cyclically Adjusted Price-to-FCF Related Terms

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Tainan Spinning Co Business Description

Traded in Other Exchanges
N/A
Address
No. 398, , Zhonghua East Road, 10th Floor, Section 1, East District, Tainan, TWN, 701
Tainan Spinning Co Ltd is a Taiwan-based company that is principally engaged in the manufacturing, processing, and sales of textile products. The company's products include yarn, polyester, polyester filament, pet granules (spinning), pet granules (bottle), processed yarn, and others. The company also operates a real estate business. The company generates the majority of its total revenue from textile products.

Tainan Spinning Co Headlines

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