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President Securities (TPE:2855) Cyclically Adjusted Price-to-FCF : (As of Mar. 02, 2025)


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What is President Securities Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


President Securities Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for President Securities'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.

President Securities Cyclically Adjusted Price-to-FCF Chart

President Securities 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 10.22 26.88 11.13 68.60 -

President Securities Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 68.60 - - - -

Competitive Comparison of President Securities's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, President Securities'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.


President Securities's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, President Securities's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where President Securities's Cyclically Adjusted Price-to-FCF falls into.



President Securities 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.

President Securities's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, President Securities's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-1.203/133.1571*133.1571
=-1.203

Current CPI (Dec. 2024) = 133.1571.

President Securities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -6.943 99.621 -9.280
201506 6.479 100.684 8.569
201509 4.651 100.392 6.169
201512 -2.185 99.792 -2.916
201603 -2.208 100.470 -2.926
201606 1.794 101.688 2.349
201609 -0.016 101.861 -0.021
201612 -0.713 101.863 -0.932
201703 0.867 102.862 1.122
201706 1.899 103.349 2.447
201709 -0.741 104.136 -0.948
201712 0.325 104.011 0.416
201803 -0.455 105.290 -0.575
201806 0.961 106.317 1.204
201809 4.555 106.507 5.695
201812 2.201 105.998 2.765
201903 -2.877 107.251 -3.572
201906 -1.248 108.070 -1.538
201909 0.435 108.329 0.535
201912 -2.534 108.420 -3.112
202003 5.117 108.902 6.257
202006 -3.329 108.767 -4.075
202009 0.223 109.815 0.270
202012 2.991 109.897 3.624
202103 -3.715 111.754 -4.426
202106 -3.499 114.631 -4.064
202109 11.496 115.734 13.227
202112 -2.812 117.630 -3.183
202203 1.547 121.301 1.698
202206 1.483 125.017 1.580
202209 -1.735 125.227 -1.845
202212 3.537 125.222 3.761
202303 -6.266 127.348 -6.552
202306 -12.252 128.729 -12.673
202309 5.998 129.860 6.150
202312 -1.960 129.419 -2.017
202403 -7.018 131.776 -7.092
202406 -3.857 132.554 -3.875
202409 6.995 133.029 7.002
202412 -1.203 133.157 -1.203

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.


President Securities  (TPE:2855) 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.


President Securities Cyclically Adjusted Price-to-FCF Related Terms

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President Securities Business Description

Traded in Other Exchanges
N/A
Address
1st Floor., No.8, Dongxing Road, Sungshan District, Taipei, TWN, 105
President Securities Corp is a Taiwan-based securities company with several segments. The brokerage segment is engaged in the trading of listed securities and other instruments as approved by the regulations, along with margin trading, short sale, and assistance in futures trading. The proprietary trading segment is involved in using self-owned equity to execute securities trading and conduct futures and options hedging. The reinvestment segment is involved in companies reinvested by the consolidated entities. The other operating segment consists of a capital market business, a derivatives proprietary business, a financial product business, and others. It also has a Quantitative Trading segment and a Financial product segment.

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