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Headway Advanced Material Co (TPE:1776) Cyclically Adjusted Price-to-FCF : 12.24 (As of Jun. 05, 2025)


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What is Headway Advanced Material Co Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Headway Advanced Material Co's current share price is NT$17.75. Headway Advanced Material Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$1.45. Headway Advanced Material Co's Cyclically Adjusted Price-to-FCF for today is 12.24.

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

TPE:1776' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.25   Med: 13.99   Max: 18.98
Current: 12.32

During the past years, Headway Advanced Material Co's highest Cyclically Adjusted Price-to-FCF was 18.98. The lowest was 11.25. And the median was 13.99.

TPE:1776's Cyclically Adjusted Price-to-FCF is ranked better than
68.39% of 560 companies
in the Chemicals industry
Industry Median: 23.025 vs TPE:1776: 12.32

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.

Headway Advanced Material Co's adjusted free cash flow per share data for the three months ended in Mar. 2025 was NT$0.696. 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$1.45 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Headway Advanced Material Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Headway Advanced Material 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.

Headway Advanced Material Co Cyclically Adjusted Price-to-FCF Chart

Headway Advanced Material Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 14.06 12.30 12.87

Headway Advanced Material Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 11.75 12.32 16.60 12.87 12.90

Competitive Comparison of Headway Advanced Material Co's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Headway Advanced Material 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.


Headway Advanced Material Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Headway Advanced Material Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Headway Advanced Material Co's Cyclically Adjusted Price-to-FCF falls into.


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Headway Advanced Material 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.

Headway Advanced Material Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.75/1.45
=12.24

* 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.

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

For example, Headway Advanced Material Co'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)
=0.696/134.9266*134.9266
=0.696

Current CPI (Mar. 2025) = 134.9266.

Headway Advanced Material Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.719 100.684 0.964
201509 -0.099 100.392 -0.133
201512 0.533 99.792 0.721
201603 1.819 100.470 2.443
201606 1.098 101.688 1.457
201609 -0.088 101.861 -0.117
201612 1.531 101.863 2.028
201703 -0.018 102.862 -0.024
201706 -0.058 103.349 -0.076
201709 0.435 104.136 0.564
201712 0.175 104.011 0.227
201803 -0.938 105.290 -1.202
201806 -0.288 106.317 -0.366
201809 -1.711 106.507 -2.168
201812 -0.306 105.998 -0.390
201903 0.998 107.251 1.256
201906 -0.459 108.070 -0.573
201909 1.100 108.329 1.370
201912 0.857 108.420 1.067
202003 -0.139 108.902 -0.172
202006 0.760 108.767 0.943
202009 0.307 109.815 0.377
202012 0.104 109.897 0.128
202103 1.757 111.754 2.121
202106 -1.314 114.631 -1.547
202109 1.119 115.734 1.305
202112 -0.134 117.630 -0.154
202203 -0.232 121.301 -0.258
202206 0.138 125.017 0.149
202209 -0.131 125.227 -0.141
202212 0.846 125.222 0.912
202303 0.218 127.348 0.231
202306 -0.063 128.729 -0.066
202309 1.070 129.860 1.112
202312 -0.064 129.419 -0.067
202403 0.845 131.776 0.865
202406 -0.052 132.554 -0.053
202409 0.053 133.029 0.054
202412 0.997 133.157 1.010
202503 0.696 134.927 0.696

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.


Headway Advanced Material Co  (TPE:1776) 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.


Headway Advanced Material Co Cyclically Adjusted Price-to-FCF Related Terms

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


Headway Advanced Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 71, Guangfu Road, Hsinchu Industrial Park, Hukou Township, Hsinchu, TWN, 303
Headway Advanced Material Co Ltd is engaged in business including the manufacture, processing, and sale of polyurethane curing agents, processing agents, coatings, resins for coatings, adhesives, flatting agents, and related raw materials. Geographically, the company generates revenue from Taiwan, Mainland China, and Vietnam, out of which the majority of revenue is generated from Taiwan. The company generates the majority of its revenue from the sale of PU resin.

Headway Advanced Material Co Headlines

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