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Microtek International (TPE:2305) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Microtek International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Microtek International Cyclically Adjusted Price-to-FCF Historical Data

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

Microtek International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Microtek International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Microtek International's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Microtek International'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.


Microtek International's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Microtek International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Microtek International 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.

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

For example, Microtek International'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)
=0.051/131.7762*131.7762
=0.051

Current CPI (Mar. 2024) = 131.7762.

Microtek International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.295 100.560 -0.387
201409 -0.812 100.428 -1.065
201412 0.181 99.070 0.241
201503 -0.481 99.621 -0.636
201506 -2.585 100.684 -3.383
201509 1.096 100.392 1.439
201512 0.252 99.792 0.333
201603 1.511 100.470 1.982
201606 0.351 101.688 0.455
201609 -0.556 101.861 -0.719
201612 0.297 101.863 0.384
201703 -0.018 102.862 -0.023
201706 -0.270 103.349 -0.344
201709 -0.419 104.136 -0.530
201712 0.217 104.011 0.275
201803 -0.891 105.290 -1.115
201806 0.011 106.317 0.014
201809 -0.110 106.507 -0.136
201812 0.337 105.998 0.419
201903 0.062 107.251 0.076
201906 -0.041 108.070 -0.050
201909 0.113 108.329 0.137
201912 0.094 108.420 0.114
202003 -0.030 108.902 -0.036
202006 0.109 108.767 0.132
202009 0.021 109.815 0.025
202012 0.076 109.897 0.091
202103 -0.118 111.754 -0.139
202106 -0.103 114.631 -0.118
202109 0.012 115.734 0.014
202112 0.108 117.630 0.121
202203 -0.050 121.301 -0.054
202206 -0.045 125.017 -0.047
202209 0.036 125.227 0.038
202212 0.329 125.222 0.346
202303 -0.068 127.348 -0.070
202306 0.003 128.729 0.003
202309 0.218 129.860 0.221
202312 0.449 129.419 0.457
202403 0.051 131.776 0.051

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.


Microtek International  (TPE:2305) 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.


Microtek International Cyclically Adjusted Price-to-FCF Related Terms

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Microtek International (TPE:2305) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.6 Industry East Road 3, Science-Based Industrial Park, Hsinchu, TWN, 300091
Microtek International Inc is a Taiwan based company offering scanning solutions. The company is engaged in the manufacturing and marketing of digital image scanners and related computer peripheral products. It offers scanners for medical, document, professional image, office, home, and industrial application. Its product portfolio includes ArtixScan series, FileScan series, ScanMaker series, XT series, Bio series, ObjectScan series, and medical series, among others.

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