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New Asia Construction & Development (TPE:2516) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


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What is New Asia Construction & Development Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


New Asia Construction & Development Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for New Asia Construction & Development'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.

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New Asia Construction & Development Cyclically Adjusted Price-to-FCF Chart

New Asia Construction & Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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New Asia Construction & Development Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of New Asia Construction & Development's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, New Asia Construction & Development'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.


New Asia Construction & Development's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Asia Construction & Development's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where New Asia Construction & Development's Cyclically Adjusted Price-to-FCF falls into.



New Asia Construction & Development 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.

New Asia Construction & Development's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, New Asia Construction & Development'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)
=-2.993/131.7762*131.7762
=-2.993

Current CPI (Mar. 2024) = 131.7762.

New Asia Construction & Development Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.372 100.560 -1.798
201409 -0.835 100.428 -1.096
201412 3.724 99.070 4.953
201503 -3.219 99.621 -4.258
201506 2.437 100.684 3.190
201509 -0.232 100.392 -0.305
201512 3.147 99.792 4.156
201603 -2.171 100.470 -2.847
201606 -0.273 101.688 -0.354
201609 -1.445 101.861 -1.869
201612 2.149 101.863 2.780
201703 -2.336 102.862 -2.993
201706 -0.482 103.349 -0.615
201709 0.897 104.136 1.135
201712 4.328 104.011 5.483
201803 -2.580 105.290 -3.229
201806 -0.135 106.317 -0.167
201809 -3.405 106.507 -4.213
201812 1.709 105.998 2.125
201903 -2.066 107.251 -2.538
201906 -1.033 108.070 -1.260
201909 -0.185 108.329 -0.225
201912 4.392 108.420 5.338
202003 -1.796 108.902 -2.173
202006 0.682 108.767 0.826
202009 -0.468 109.815 -0.562
202012 0.324 109.897 0.389
202103 -3.412 111.754 -4.023
202106 -0.414 114.631 -0.476
202109 -0.951 115.734 -1.083
202112 1.797 117.630 2.013
202203 -1.910 121.301 -2.075
202206 0.108 125.017 0.114
202209 -1.321 125.227 -1.390
202212 1.105 125.222 1.163
202303 -0.602 127.348 -0.623
202306 1.201 128.729 1.229
202309 -0.041 129.860 -0.042
202312 2.424 129.419 2.468
202403 -2.993 131.776 -2.993

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.


New Asia Construction & Development  (TPE:2516) 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.


New Asia Construction & Development Cyclically Adjusted Price-to-FCF Related Terms

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New Asia Construction & Development (TPE:2516) Business Description

Traded in Other Exchanges
N/A
Address
N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN
New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

New Asia Construction & Development (TPE:2516) Headlines

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