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Chang Hwa Commercial Bank (TPE:2801) Cyclically Adjusted Price-to-FCF : 42.44 (As of Jun. 02, 2025)


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What is Chang Hwa Commercial Bank Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), Chang Hwa Commercial Bank's current share price is NT$18.25. Chang Hwa Commercial Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$0.43. Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF for today is 42.44.

The historical rank and industry rank for Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:2801' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.21   Med: 21.99   Max: 123.89
Current: 42.54

During the past years, Chang Hwa Commercial Bank's highest Cyclically Adjusted Price-to-FCF was 123.89. The lowest was 11.21. And the median was 21.99.

TPE:2801's Cyclically Adjusted Price-to-FCF is ranked worse than
95.29% of 891 companies
in the Banks industry
Industry Median: 8.67 vs TPE:2801: 42.54

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.

Chang Hwa Commercial Bank's adjusted free cash flow per share data for the three months ended in Mar. 2025 was NT$-2.096. 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$0.43 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chang Hwa Commercial Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chang Hwa Commercial Bank'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.

Chang Hwa Commercial Bank Cyclically Adjusted Price-to-FCF Chart

Chang Hwa Commercial Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.45 12.40 22.83 18.01 30.86

Chang Hwa Commercial Bank Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 17.40 19.96 15.71 30.86 41.38

Competitive Comparison of Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Chang Hwa Commercial Bank'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.


Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF falls into.


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Chang Hwa Commercial Bank 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.

Chang Hwa Commercial Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.25/0.43
=42.44

* 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.

Chang Hwa Commercial Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Chang Hwa Commercial Bank's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-2.096/134.9266*134.9266
=-2.096

Current CPI (Mar. 2025) = 134.9266.

Chang Hwa Commercial Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.634 100.684 2.190
201509 0.750 100.392 1.008
201512 3.194 99.792 4.319
201603 -3.119 100.470 -4.189
201606 4.131 101.688 5.481
201609 1.682 101.861 2.228
201612 0.921 101.863 1.220
201703 1.530 102.862 2.007
201706 0.479 103.349 0.625
201709 -1.348 104.136 -1.747
201712 2.008 104.011 2.605
201803 -3.990 105.290 -5.113
201806 -0.558 106.317 -0.708
201809 1.338 106.507 1.695
201812 2.761 105.998 3.515
201903 0.986 107.251 1.240
201906 -5.922 108.070 -7.394
201909 -0.927 108.329 -1.155
201912 1.691 108.420 2.104
202003 -3.198 108.902 -3.962
202006 -1.588 108.767 -1.970
202009 3.354 109.815 4.121
202012 3.452 109.897 4.238
202103 -3.589 111.754 -4.333
202106 3.301 114.631 3.885
202109 -3.206 115.734 -3.738
202112 8.017 117.630 9.196
202203 -9.800 121.301 -10.901
202206 2.379 125.017 2.568
202209 2.448 125.227 2.638
202212 1.406 125.222 1.515
202303 1.030 127.348 1.091
202306 -5.227 128.729 -5.479
202309 -1.286 129.860 -1.336
202312 2.760 129.419 2.877
202403 -1.019 131.776 -1.043
202406 -1.457 132.554 -1.483
202409 3.262 133.029 3.309
202412 -4.677 133.157 -4.739
202503 -2.096 134.927 -2.096

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.


Chang Hwa Commercial Bank  (TPE:2801) 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.


Chang Hwa Commercial Bank Cyclically Adjusted Price-to-FCF Related Terms

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


Chang Hwa Commercial Bank Business Description

Traded in Other Exchanges
N/A
Address
No. 38, Freedom Road, Section 2, Taichung, TWN
Chang Hwa Commercial Bank Ltd operates as a bank. It operates in segments namely Loans, Deposits and Remittances, Financial Instruments and Investments, Wealth Management, Subsidiaries and Overseas branches, and others. It generates a majority of its revenue from the Loan segment. It offers services such as wealth management, personal cards, housing loans, credit loans, personal Internet banking, commercial Internet banking, and others.

Chang Hwa Commercial Bank Headlines

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