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Merry Electronics Co (TPE:2439) Cyclically Adjusted Price-to-FCF : 16.69 (As of Jun. 09, 2024)


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What is Merry Electronics Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Merry Electronics Co's current share price is NT$121.50. Merry Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$7.28. Merry Electronics Co's Cyclically Adjusted Price-to-FCF for today is 16.69.

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

TPE:2439' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.18   Med: 20.82   Max: 43.83
Current: 17.04

During the past years, Merry Electronics Co's highest Cyclically Adjusted Price-to-FCF was 43.83. The lowest was 12.18. And the median was 20.82.

TPE:2439's Cyclically Adjusted Price-to-FCF is ranked better than
72.46% of 966 companies
in the Hardware industry
Industry Median: 30.465 vs TPE:2439: 17.04

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.

Merry Electronics Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$11.351. 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$7.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merry Electronics Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Merry Electronics 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.

Merry Electronics Co Cyclically Adjusted Price-to-FCF Chart

Merry Electronics 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 29.51 41.63 21.32 12.67 17.81

Merry Electronics 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 13.12 14.24 12.11 17.81 16.01

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

For the Consumer Electronics subindustry, Merry Electronics 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.


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

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

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



Merry Electronics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=121.50/7.28
=16.69

* 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.

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

For example, Merry Electronics 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)
=11.351/131.7762*131.7762
=11.351

Current CPI (Mar. 2024) = 131.7762.

Merry Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.167 100.560 2.840
201409 0.946 100.428 1.241
201412 -1.241 99.070 -1.651
201503 0.263 99.621 0.348
201506 -2.944 100.684 -3.853
201509 2.173 100.392 2.852
201512 1.714 99.792 2.263
201603 -0.591 100.470 -0.775
201606 0.907 101.688 1.175
201609 4.364 101.861 5.646
201612 9.045 101.863 11.701
201703 0.522 102.862 0.669
201706 1.566 103.349 1.997
201709 -0.365 104.136 -0.462
201712 4.794 104.011 6.074
201803 -3.883 105.290 -4.860
201806 -4.704 106.317 -5.830
201809 6.041 106.507 7.474
201812 7.142 105.998 8.879
201903 0.014 107.251 0.017
201906 -3.582 108.070 -4.368
201909 4.989 108.329 6.069
201912 14.749 108.420 17.926
202003 -1.345 108.902 -1.628
202006 -3.174 108.767 -3.845
202009 -7.979 109.815 -9.575
202012 -9.302 109.897 -11.154
202103 8.265 111.754 9.746
202106 -4.922 114.631 -5.658
202109 2.338 115.734 2.662
202112 0.399 117.630 0.447
202203 4.055 121.301 4.405
202206 2.079 125.017 2.191
202209 5.532 125.227 5.821
202212 5.140 125.222 5.409
202303 3.609 127.348 3.734
202306 1.254 128.729 1.284
202309 4.213 129.860 4.275
202312 -2.044 129.419 -2.081
202403 11.351 131.776 11.351

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.


Merry Electronics Co  (TPE:2439) 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.


Merry Electronics Co Cyclically Adjusted Price-to-FCF Related Terms

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


Merry Electronics Co (TPE:2439) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 22, 23 Road, Taichung Industrial Park, Nantun District, Taichung, TWN, 408213
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Asia and the Americas.

Merry Electronics Co (TPE:2439) Headlines

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