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Taiwan Navigation Co (TPE:2617) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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What is Taiwan Navigation Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Navigation Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Taiwan Navigation 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.

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Taiwan Navigation Co Cyclically Adjusted Price-to-FCF Chart

Taiwan Navigation Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Taiwan Navigation Co 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 Taiwan Navigation Co's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Taiwan Navigation 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.


Taiwan Navigation Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Navigation Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Taiwan Navigation 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.

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

For example, Taiwan Navigation 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)
=0.373/131.7762*131.7762
=0.373

Current CPI (Mar. 2024) = 131.7762.

Taiwan Navigation Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.517 100.560 0.677
201409 -0.162 100.428 -0.213
201412 0.384 99.070 0.511
201503 -0.604 99.621 -0.799
201506 0.248 100.684 0.325
201509 -1.215 100.392 -1.595
201512 0.232 99.792 0.306
201603 -0.227 100.470 -0.298
201606 -1.548 101.688 -2.006
201609 -1.058 101.861 -1.369
201612 -1.285 101.863 -1.662
201703 0.021 102.862 0.027
201706 0.128 103.349 0.163
201709 -2.846 104.136 -3.601
201712 -2.560 104.011 -3.243
201803 0.760 105.290 0.951
201806 0.699 106.317 0.866
201809 0.669 106.507 0.828
201812 0.935 105.998 1.162
201903 0.073 107.251 0.090
201906 0.487 108.070 0.594
201909 0.782 108.329 0.951
201912 0.420 108.420 0.510
202003 -0.094 108.902 -0.114
202006 -0.382 108.767 -0.463
202009 0.279 109.815 0.335
202012 -0.094 109.897 -0.113
202103 -2.124 111.754 -2.505
202106 -2.671 114.631 -3.070
202109 -0.429 115.734 -0.488
202112 -1.444 117.630 -1.618
202203 -0.957 121.301 -1.040
202206 -0.944 125.017 -0.995
202209 -0.068 125.227 -0.072
202212 -0.248 125.222 -0.261
202303 -0.083 127.348 -0.086
202306 0.481 128.729 0.492
202309 -1.623 129.860 -1.647
202312 1.051 129.419 1.070
202403 0.373 131.776 0.373

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.


Taiwan Navigation Co  (TPE:2617) 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.


Taiwan Navigation Co Cyclically Adjusted Price-to-FCF Related Terms

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Taiwan Navigation Co (TPE:2617) Business Description

Traded in Other Exchanges
N/A
Address
No. 29, Jinan Road, Section 2, 2-6 Floor, Taipei, TWN, 100
Taiwan Navigation Co Ltd is a Taiwan based company, engages in the provision of shipping related services. It is engaged in passenger and freight transport via water, port warehousing, aquatic sand mining, and navigation channel dredging and also acts as a shipping agency, provides tugboats, and acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.

Taiwan Navigation Co (TPE:2617) Headlines

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