GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiwin Technologies Corp (TPE:2049) » Definitions » Cyclically Adjusted Price-to-FCF

Hiwin Technologies (TPE:2049) Cyclically Adjusted Price-to-FCF : 63.84 (As of May. 14, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Hiwin Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Hiwin Technologies's current share price is NT$233.00. Hiwin Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.65. Hiwin Technologies's Cyclically Adjusted Price-to-FCF for today is 63.84.

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

TPE:2049' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 54.41   Med: 73.46   Max: 922.9
Current: 64.45

During the past years, Hiwin Technologies's highest Cyclically Adjusted Price-to-FCF was 922.90. The lowest was 54.41. And the median was 73.46.

TPE:2049's Cyclically Adjusted Price-to-FCF is ranked worse than
72.41% of 1033 companies
in the Industrial Products industry
Industry Median: 33.75 vs TPE:2049: 64.45

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.

Hiwin Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.353. 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$3.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hiwin Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hiwin Technologies'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.

Hiwin Technologies Cyclically Adjusted Price-to-FCF Chart

Hiwin Technologies 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 - - 953.26 61.61 65.25

Hiwin Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 77.40 78.02 56.10 65.25 74.87

Competitive Comparison of Hiwin Technologies's Cyclically Adjusted Price-to-FCF

For the Tools & Accessories subindustry, Hiwin Technologies'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.


Hiwin Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hiwin Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hiwin Technologies 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.

Hiwin Technologies's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=233.00/3.65
=63.84

* 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.

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

For example, Hiwin Technologies'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)
=0.353/129.4194*129.4194
=0.353

Current CPI (Mar. 2024) = 129.4194.

Hiwin Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.472 100.560 1.894
201409 1.760 100.428 2.268
201412 2.726 99.070 3.561
201503 -1.493 99.621 -1.940
201506 -1.030 100.684 -1.324
201509 -1.350 100.392 -1.740
201512 -1.738 99.792 -2.254
201603 -2.514 100.470 -3.238
201606 -0.690 101.688 -0.878
201609 2.002 101.861 2.544
201612 2.281 101.863 2.898
201703 1.174 102.862 1.477
201706 2.131 103.349 2.669
201709 0.182 104.136 0.226
201712 0.239 104.011 0.297
201803 -1.082 105.290 -1.330
201806 -0.162 106.317 -0.197
201809 -1.167 106.507 -1.418
201812 -3.775 105.998 -4.609
201903 -6.101 107.251 -7.362
201906 -3.440 108.070 -4.120
201909 -1.030 108.329 -1.231
201912 0.816 108.420 0.974
202003 -0.943 108.902 -1.121
202006 3.226 108.767 3.839
202009 4.538 109.815 5.348
202012 4.091 109.897 4.818
202103 2.703 111.754 3.130
202106 4.632 114.631 5.230
202109 5.077 115.734 5.677
202112 4.795 117.630 5.276
202203 1.880 121.301 2.006
202206 0.101 125.017 0.105
202209 6.091 125.227 6.295
202212 3.094 125.222 3.198
202303 -0.046 127.348 -0.047
202306 0.640 128.729 0.643
202309 3.745 129.860 3.732
202312 0.812 129.419 0.812
202403 0.353 129.419 0.353

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.


Hiwin Technologies  (TPE:2049) 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.


Hiwin Technologies Cyclically Adjusted Price-to-FCF Related Terms

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


Hiwin Technologies (TPE:2049) Business Description

Traded in Other Exchanges
N/A
Address
No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, TWN, 408225
Hiwin Technologies Corp manufactures linear guideways used in precision positioning, guiding, and measuring applications. Other products include ball screws for industrial machinery, which turn rotary motion into linear motion, and linear actuators utilizing a gear system to transform motor-powered rotary movement into linear movement. The end market for Hiwin is Taiwan, followed by smaller markets in Germany, Japan, and the United States. The Group's reportable segments are linear guideways, ballscrews and others. Majority of revenue is generated from Linear guideways segment.

Hiwin Technologies (TPE:2049) Headlines

No Headlines