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King Yuan Electronics Co (TPE:2449) Cyclically Adjusted Price-to-FCF : 52.29 (As of May. 17, 2024)


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What is King Yuan Electronics Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), King Yuan Electronics Co's current share price is NT$86.80. King Yuan Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.66. King Yuan Electronics Co's Cyclically Adjusted Price-to-FCF for today is 52.29.

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

TPE:2449' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.53   Med: 43.3   Max: 75
Current: 51.96

During the past years, King Yuan Electronics Co's highest Cyclically Adjusted Price-to-FCF was 75.00. The lowest was 19.53. And the median was 43.30.

TPE:2449's Cyclically Adjusted Price-to-FCF is ranked worse than
60.12% of 346 companies
in the Semiconductors industry
Industry Median: 38.2 vs TPE:2449: 51.96

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.

King Yuan Electronics Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$1.573. 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$1.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


King Yuan Electronics Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for King Yuan 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.

King Yuan Electronics Co Cyclically Adjusted Price-to-FCF Chart

King Yuan 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 32.83 39.03 63.55 33.57 57.18

King Yuan 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 41.28 44.85 54.68 57.18 63.44

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

For the Semiconductors subindustry, King Yuan 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.


King Yuan Electronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



King Yuan 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.

King Yuan 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
=86.80/1.66
=52.29

* 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.

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

For example, King Yuan 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)
=1.573/131.7762*131.7762
=1.573

Current CPI (Mar. 2024) = 131.7762.

King Yuan Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.169 100.560 -1.532
201409 -0.513 100.428 -0.673
201412 0.515 99.070 0.685
201503 0.171 99.621 0.226
201506 -0.715 100.684 -0.936
201509 0.577 100.392 0.757
201512 0.946 99.792 1.249
201603 -1.502 100.470 -1.970
201606 -0.095 101.688 -0.123
201609 -0.340 101.861 -0.440
201612 1.126 101.863 1.457
201703 1.106 102.862 1.417
201706 0.466 103.349 0.594
201709 0.546 104.136 0.691
201712 0.984 104.011 1.247
201803 -0.364 105.290 -0.456
201806 -0.801 106.317 -0.993
201809 0.144 106.507 0.178
201812 0.800 105.998 0.995
201903 -0.084 107.251 -0.103
201906 -1.127 108.070 -1.374
201909 -0.349 108.329 -0.425
201912 0.895 108.420 1.088
202003 0.313 108.902 0.379
202006 -0.150 108.767 -0.182
202009 0.312 109.815 0.374
202012 0.663 109.897 0.795
202103 -1.164 111.754 -1.373
202106 -0.737 114.631 -0.847
202109 -0.202 115.734 -0.230
202112 1.860 117.630 2.084
202203 0.692 121.301 0.752
202206 1.772 125.017 1.868
202209 2.269 125.227 2.388
202212 2.163 125.222 2.276
202303 1.499 127.348 1.551
202306 0.270 128.729 0.276
202309 1.758 129.860 1.784
202312 1.765 129.419 1.797
202403 1.573 131.776 1.573

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.


King Yuan Electronics Co  (TPE:2449) 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.


King Yuan Electronics Co Cyclically Adjusted Price-to-FCF Related Terms

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King Yuan Electronics Co (TPE:2449) Business Description

Traded in Other Exchanges
N/A
Address
No. 81, Gongdao Road, Section 2, Hsinchu, TWN, 300
King Yuan Electronics Co Ltd, or KYEC, tests back-end integrated circuit packaging and the semiconductor industry worldwide. It has offices positioned in several regions for immediate packaging and testing of semiconductors for its client base. Testing services encompass wafer probing, final testing, and preassembly services. Alongside an array of testing platforms, KYEC provides a diverse cache of packages for different outlines, sensors, and radio frequencies. The company receives demand from manufacturers in markets such as mobile phones, wireless communication, graphics cards, and integrated circuits for consumer electronics.

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