Hiyes International Co (TPE:2348) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Hiyes International Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation

Hiyes International Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hiyes International 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.

Hiyes International Co Cyclically Adjusted Price-to-FCF Chart

Hiyes International 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

Hiyes International Co 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															-	-	-	-	-

Competitive Comparison of Hiyes International Co's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Hiyes International 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.

Hiyes International Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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

Hiyes International 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.

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

For example, Hiyes International Co'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)
	=	5.4	/	131.7762	*	131.7762
	=	5.400

Current CPI (Mar. 2024) = 131.7762.

Hiyes International Co Quarterly Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201406	-0.655	100.560	-0.858
201409	-0.202	100.428	-0.265
201412	0.367	99.070	0.488
201503	0.420	99.621	0.556
201506	0.904	100.684	1.183
201509	-0.288	100.392	-0.378
201512	2.736	99.792	3.613
201603	0.556	100.470	0.729
201606	0.077	101.688	0.100
201609	0.237	101.861	0.307
201612	0.906	101.863	1.172
201703	0.293	102.862	0.375
201706	0.760	103.349	0.969
201709	0.692	104.136	0.876
201712	1.034	104.011	1.310
201803	1.240	105.290	1.552
201806	0.501	106.317	0.621
201809	0.961	106.507	1.189
201812	-3.247	105.998	-4.037
201903	-0.054	107.251	-0.066
201906	-0.309	108.070	-0.377
201909	-4.202	108.329	-5.111
201912	-5.969	108.420	-7.255
202003	-2.037	108.902	-2.465
202006	-2.517	108.767	-3.049
202009	-1.212	109.815	-1.454
202012	1.051	109.897	1.260
202103	-11.594	111.754	-13.671
202106	-11.311	114.631	-13.003
202109	-15.219	115.734	-17.329
202112	0.829	117.630	0.929
202203	-3.801	121.301	-4.129
202206	-0.679	125.017	-0.716
202209	-2.755	125.227	-2.899
202212	-3.908	125.222	-4.113
202303	-8.137	127.348	-8.420
202306	1.985	128.729	2.032
202309	0.977	129.860	0.991
202312	24.162	129.419	24.602
202403	5.400	131.776	5.400

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.

Hiyes International Co (TPE:2348) 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.

Hiyes International Co Cyclically Adjusted Price-to-FCF Related Terms

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

Hiyes International Co (TPE:2348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hiyes International Co Ltd (TPE:2348) » Definitions » Cyclically Adjusted Price-to-FCF

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN

Website

https://www.hiyes-group.com.tw

Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses. The company is also engaged in research and development, manufacture, and sale of optical readers and related components, multimedia products, personal computers and peripherals, telecommunication products, and digital cameras, as well as import and export trading of items relevant to the Company's business.

Hiyes International Co (TPE:2348) Headlines

No Headlines