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Advantech Co (TPE:2395) Cyclically Adjusted Price-to-FCF : 45.40 (As of Apr. 30, 2024)


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What is Advantech Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Advantech Co's current share price is NT$380.00. Advantech Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$8.37. Advantech Co's Cyclically Adjusted Price-to-FCF for today is 45.40.

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

TPE:2395' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33.31   Med: 47.28   Max: 59.62
Current: 45.42

During the past years, Advantech Co's highest Cyclically Adjusted Price-to-FCF was 59.62. The lowest was 33.31. And the median was 47.28.

TPE:2395's Cyclically Adjusted Price-to-FCF is ranked worse than
65.31% of 960 companies
in the Hardware industry
Industry Median: 28.155 vs TPE:2395: 45.42

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.

Advantech Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.424. 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$8.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advantech Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Advantech 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.

Advantech Co Cyclically Adjusted Price-to-FCF Chart

Advantech 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 49.96 56.63 52.52 39.26 44.51

Advantech 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 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 44.66 48.62 40.31 44.51 48.16

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

For the Computer Hardware subindustry, Advantech 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.


Advantech Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Advantech 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.

Advantech Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=380.00/8.37
=45.40

* 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.

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

For example, Advantech 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)
=0.424/129.4194*129.4194
=0.424

Current CPI (Mar. 2024) = 129.4194.

Advantech Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.994 100.560 1.279
201409 0.904 100.428 1.165
201412 2.172 99.070 2.837
201503 1.140 99.621 1.481
201506 1.395 100.684 1.793
201509 0.796 100.392 1.026
201512 1.893 99.792 2.455
201603 1.801 100.470 2.320
201606 1.109 101.688 1.411
201609 1.919 101.861 2.438
201612 2.813 101.863 3.574
201703 -0.578 102.862 -0.727
201706 1.890 103.349 2.367
201709 2.342 104.136 2.911
201712 -0.808 104.011 -1.005
201803 0.199 105.290 0.245
201806 0.744 106.317 0.906
201809 5.018 106.507 6.098
201812 1.819 105.998 2.221
201903 1.002 107.251 1.209
201906 -0.361 108.070 -0.432
201909 4.702 108.329 5.617
201912 0.599 108.420 0.715
202003 -0.554 108.902 -0.658
202006 0.867 108.767 1.032
202009 7.238 109.815 8.530
202012 0.943 109.897 1.111
202103 0.838 111.754 0.970
202106 1.060 114.631 1.197
202109 5.636 115.734 6.302
202112 3.403 117.630 3.744
202203 -1.678 121.301 -1.790
202206 1.417 125.017 1.467
202209 6.367 125.227 6.580
202212 3.303 125.222 3.414
202303 -1.635 127.348 -1.662
202306 1.703 128.729 1.712
202309 9.395 129.860 9.363
202312 0.033 129.419 0.033
202403 0.424 129.419 0.424

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.


Advantech Co  (TPE:2395) 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.


Advantech Co Cyclically Adjusted Price-to-FCF Related Terms

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


Advantech Co (TPE:2395) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 1, Alley 20, Lane 26, Rueiguang Road, Neihu District, Taipei, TWN, 114519
Founded in 1981, Advantech is the world's largest industrial PC, or IPC, supplier, offering single-board computers, fanless IPCs, digital posts and more. The company reports three segments: embedded PCs, industry PC and automation solutions, and service and others. They contributed 50%, 39% and 11% revenue in 2022, respectively. Leveraging its presence in 27 countries, Advantech is expanding into Internet of Things verticals like smart retail, medical, transportation, industrial automation and energy by investing in Internet of Things solution partners and its proprietary WISE-PaaS platform. The headquarters is in Taipei, Taiwan. The company maintains most manufacturing facilities in Taiwan and Kunshan, China; and has 14 service centers globally.

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