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Taishin Financial Holdings Co (TPE:2887) Cyclically Adjusted Price-to-FCF : 43.72 (As of Jun. 10, 2024)


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What is Taishin Financial Holdings Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Taishin Financial Holdings Co's current share price is NT$18.80. Taishin Financial Holdings Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.43. Taishin Financial Holdings Co's Cyclically Adjusted Price-to-FCF for today is 43.72.

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

TPE:2887' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.7   Med: 43.5   Max: 1810
Current: 43.97

During the past years, Taishin Financial Holdings Co's highest Cyclically Adjusted Price-to-FCF was 1810.00. The lowest was 16.70. And the median was 43.50.

TPE:2887's Cyclically Adjusted Price-to-FCF is ranked worse than
96.62% of 829 companies
in the Banks industry
Industry Median: 7.33 vs TPE:2887: 43.97

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.

Taishin Financial Holdings Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-1.235. 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. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taishin Financial Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Taishin Financial Holdings 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.

Taishin Financial Holdings Co Cyclically Adjusted Price-to-FCF Chart

Taishin Financial Holdings 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 31.15 36.18 187.54 108.44 54.33

Taishin Financial Holdings 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 - - 2,518.92 54.33 42.10

Competitive Comparison of Taishin Financial Holdings Co's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Taishin Financial Holdings 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.


Taishin Financial Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Taishin Financial Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Taishin Financial Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



Taishin Financial Holdings 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.

Taishin Financial Holdings Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.80/0.43
=43.72

* 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.

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

For example, Taishin Financial Holdings 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)
=-1.235/131.7762*131.7762
=-1.235

Current CPI (Mar. 2024) = 131.7762.

Taishin Financial Holdings Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.931 100.560 -3.841
201409 1.649 100.428 2.164
201412 2.418 99.070 3.216
201503 -1.419 99.621 -1.877
201506 -0.516 100.684 -0.675
201509 0.440 100.392 0.578
201512 0.093 99.792 0.123
201603 -0.023 100.470 -0.030
201606 0.396 101.688 0.513
201609 1.556 101.861 2.013
201612 -1.014 101.863 -1.312
201703 -2.667 102.862 -3.417
201706 1.175 103.349 1.498
201709 -0.068 104.136 -0.086
201712 0.070 104.011 0.089
201803 0.405 105.290 0.507
201806 -1.186 106.317 -1.470
201809 0.321 106.507 0.397
201812 -0.821 105.998 -1.021
201903 2.671 107.251 3.282
201906 -0.036 108.070 -0.044
201909 -2.006 108.329 -2.440
201912 2.697 108.420 3.278
202003 -1.576 108.902 -1.907
202006 -0.352 108.767 -0.426
202009 1.936 109.815 2.323
202012 0.200 109.897 0.240
202103 -1.261 111.754 -1.487
202106 -0.455 114.631 -0.523
202109 0.750 115.734 0.854
202112 0.803 117.630 0.900
202203 0.020 121.301 0.022
202206 -0.311 125.017 -0.328
202209 2.498 125.227 2.629
202212 2.365 125.222 2.489
202303 -0.257 127.348 -0.266
202306 -1.904 128.729 -1.949
202309 0.837 129.860 0.849
202312 0.636 129.419 0.648
202403 -1.235 131.776 -1.235

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.


Taishin Financial Holdings Co  (TPE:2887) 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.


Taishin Financial Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

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Taishin Financial Holdings Co (TPE:2887) Business Description

Traded in Other Exchanges
Address
No. 118, Section 4, Ren-ai Road, 12, 13, 15, 16, 21, 22 and 23 Floor, Daan District, Taipei, TWN, 106
Taishin Financial Holdings Co Ltd is a Taiwanese holding company that provides comprehensive financial services. The company's main business activities are investing and managing its investments in financial institutions. The operation departments of the company are subsidiaries of the bank business, securities business, insurance business and other businesses, respectively.

Taishin Financial Holdings Co (TPE:2887) Headlines

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