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Hon Hai Precision Industry Co (TPE:2317) Cyclically Adjusted Price-to-FCF : 20.61 (As of May. 01, 2024)


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What is Hon Hai Precision Industry Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Hon Hai Precision Industry Co's current share price is NT$156.00. Hon Hai Precision Industry Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$7.57. Hon Hai Precision Industry Co's Cyclically Adjusted Price-to-FCF for today is 20.61.

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

TPE:2317' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.67   Med: 16.38   Max: 25.18
Current: 20.49

During the past years, Hon Hai Precision Industry Co's highest Cyclically Adjusted Price-to-FCF was 25.18. The lowest was 11.67. And the median was 16.38.

TPE:2317's Cyclically Adjusted Price-to-FCF is ranked better than
63.72% of 962 companies
in the Hardware industry
Industry Median: 27.775 vs TPE:2317: 20.49

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.

Hon Hai Precision Industry Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was NT$8.126. 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$7.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hon Hai Precision Industry Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hon Hai Precision 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.

Hon Hai Precision Industry Co Cyclically Adjusted Price-to-FCF Chart

Hon Hai Precision Industry Co 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 17.40 12.22 16.14 16.23 13.81

Hon Hai Precision Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 16.23 14.86 15.28 14.23 13.81

Competitive Comparison of Hon Hai Precision Industry Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Hon Hai Precision 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.


Hon Hai Precision Industry Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hon Hai Precision Industry Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hon Hai Precision Industry Co's Cyclically Adjusted Price-to-FCF falls into.



Hon Hai Precision 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.

Hon Hai Precision 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
=156.00/7.57
=20.61

* 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.

Hon Hai Precision Industry Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Hon Hai Precision Industry Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8.126/129.4194*129.4194
=8.126

Current CPI (Dec. 2023) = 129.4194.

Hon Hai Precision Industry Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 7.748 99.695 10.058
201406 -5.381 100.560 -6.925
201409 5.848 100.428 7.536
201412 3.909 99.070 5.107
201503 6.546 99.621 8.504
201506 2.179 100.684 2.801
201509 -0.232 100.392 -0.299
201512 3.643 99.792 4.725
201603 2.799 100.470 3.605
201606 2.315 101.688 2.946
201609 4.841 101.861 6.151
201612 -1.246 101.863 -1.583
201703 4.771 102.862 6.003
201706 -0.501 103.349 -0.627
201709 -5.454 104.136 -6.778
201712 -6.026 104.011 -7.498
201803 -0.523 105.290 -0.643
201806 -6.356 106.317 -7.737
201809 -2.367 106.507 -2.876
201812 3.689 105.998 4.504
201903 7.695 107.251 9.286
201906 -1.082 108.070 -1.296
201909 -1.168 108.329 -1.395
201912 6.627 108.420 7.911
202003 8.316 108.902 9.883
202006 -3.967 108.767 -4.720
202009 7.367 109.815 8.682
202012 10.336 109.897 12.172
202103 -10.923 111.754 -12.650
202106 2.659 114.631 3.002
202109 -5.213 115.734 -5.829
202112 -0.288 117.630 -0.317
202203 3.093 121.301 3.300
202206 -4.101 125.017 -4.245
202209 2.935 125.227 3.033
202212 -1.388 125.222 -1.435
202303 8.101 127.348 8.233
202306 4.009 128.729 4.031
202309 2.923 129.860 2.913
202312 8.126 129.419 8.126

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.


Hon Hai Precision Industry Co  (TPE:2317) 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.


Hon Hai Precision Industry Co Cyclically Adjusted Price-to-FCF Related Terms

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


Hon Hai Precision Industry Co (TPE:2317) Business Description

Traded in Other Exchanges
Address
No.2, Zihyou Street, Tucheng District, New Taipei, TWN, 236
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for 55% of overall revenue in 2022. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.

Hon Hai Precision Industry Co (TPE:2317) Headlines

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