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Cheng Shin Rubber Industry Co (TPE:2105) Cyclically Adjusted Price-to-FCF : 13.13 (As of Jan. 18, 2025)


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What is Cheng Shin Rubber Industry Co Cyclically Adjusted Price-to-FCF?

As of today (2025-01-18), Cheng Shin Rubber Industry Co's current share price is NT$49.50. Cheng Shin Rubber Industry Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was NT$3.77. Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF for today is 13.13.

The historical rank and industry rank for Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:2105' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.55   Med: 13.32   Max: 38.05
Current: 13.08

During the past years, Cheng Shin Rubber Industry Co's highest Cyclically Adjusted Price-to-FCF was 38.05. The lowest was 9.55. And the median was 13.32.

TPE:2105's Cyclically Adjusted Price-to-FCF is ranked better than
67.95% of 443 companies
in the Vehicles & Parts industry
Industry Median: 20.11 vs TPE:2105: 13.08

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.

Cheng Shin Rubber Industry Co's adjusted free cash flow per share data for the three months ended in Sep. 2024 was NT$1.263. 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$3.77 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheng Shin Rubber Industry Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co Cyclically Adjusted Price-to-FCF Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 32.36 26.17 11.97 9.69

Cheng Shin Rubber Industry Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
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 11.09 11.77 13.75 13.02 13.76

Competitive Comparison of Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.


Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF falls into.



Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=49.50/3.77
=13.13

* 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.

Cheng Shin Rubber Industry Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Cheng Shin Rubber Industry Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.263/133.0289*133.0289
=1.263

Current CPI (Sep. 2024) = 133.0289.

Cheng Shin Rubber Industry Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 1.536 100.428 2.035
201412 1.191 99.070 1.599
201503 0.943 99.621 1.259
201506 1.767 100.684 2.335
201509 0.907 100.392 1.202
201512 1.332 99.792 1.776
201603 1.780 100.470 2.357
201606 1.233 101.688 1.613
201609 0.613 101.861 0.801
201612 0.443 101.863 0.579
201703 -0.359 102.862 -0.464
201706 -1.291 103.349 -1.662
201709 0.051 104.136 0.065
201712 0.046 104.011 0.059
201803 -0.763 105.290 -0.964
201806 0.012 106.317 0.015
201809 0.902 106.507 1.127
201812 0.519 105.998 0.651
201903 0.691 107.251 0.857
201906 0.962 108.070 1.184
201909 0.776 108.329 0.953
201912 0.428 108.420 0.525
202003 0.124 108.902 0.151
202006 1.366 108.767 1.671
202009 1.737 109.815 2.104
202012 0.397 109.897 0.481
202103 0.800 111.754 0.952
202106 0.359 114.631 0.417
202109 0.476 115.734 0.547
202112 1.697 117.630 1.919
202203 0.765 121.301 0.839
202206 0.892 125.017 0.949
202209 0.879 125.227 0.934
202212 0.913 125.222 0.970
202303 0.908 127.348 0.949
202306 0.917 128.729 0.948
202309 2.164 129.860 2.217
202403 1.096 131.776 1.106
202406 1.332 132.554 1.337
202409 1.263 133.029 1.263

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.


Cheng Shin Rubber Industry Co  (TPE:2105) 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.


Cheng Shin Rubber Industry Co Cyclically Adjusted Price-to-FCF Related Terms

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


Cheng Shin Rubber Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc.. Its geographical segments are Taiwan, China, the United States, and Others.

Cheng Shin Rubber Industry Co Headlines

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