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TOPBI International Holdings (TPE:2929) Cyclically Adjusted Price-to-FCF : 2.71 (As of Jun. 02, 2024)


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What is TOPBI International Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), TOPBI International Holdings's current share price is NT$9.36. TOPBI International Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.45. TOPBI International Holdings's Cyclically Adjusted Price-to-FCF for today is 2.71.

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

TPE:2929' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.91   Med: 2.83   Max: 4.44
Current: 2.72

During the past years, TOPBI International Holdings's highest Cyclically Adjusted Price-to-FCF was 4.44. The lowest was 1.91. And the median was 2.83.

TPE:2929's Cyclically Adjusted Price-to-FCF is ranked better than
95.37% of 367 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 17.95 vs TPE:2929: 2.72

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.

TOPBI International Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$1.247. 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$3.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOPBI International Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TOPBI International Holdings'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.

TOPBI International Holdings Cyclically Adjusted Price-to-FCF Chart

TOPBI International Holdings 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 - - 2.83 4.36 3.30

TOPBI International Holdings 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 3.31 2.79 3.01 3.30 2.85

Competitive Comparison of TOPBI International Holdings's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, TOPBI International Holdings'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.


TOPBI International Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TOPBI International Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TOPBI International Holdings's Cyclically Adjusted Price-to-FCF falls into.



TOPBI International Holdings 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.

TOPBI International Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.36/3.45
=2.71

* 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.

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

For example, TOPBI International Holdings'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)
=1.247/131.7762*131.7762
=1.247

Current CPI (Mar. 2024) = 131.7762.

TOPBI International Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.574 100.560 -0.752
201409 3.646 100.428 4.784
201412 1.137 99.070 1.512
201503 2.824 99.621 3.736
201506 1.045 100.684 1.368
201509 3.484 100.392 4.573
201512 0.583 99.792 0.770
201603 5.490 100.470 7.201
201606 0.643 101.688 0.833
201609 2.157 101.861 2.790
201612 -1.495 101.863 -1.934
201703 5.002 102.862 6.408
201706 1.168 103.349 1.489
201709 2.990 104.136 3.784
201712 -0.341 104.011 -0.432
201803 5.731 105.290 7.173
201806 -0.093 106.317 -0.115
201809 2.037 106.507 2.520
201812 1.327 105.998 1.650
201903 5.382 107.251 6.613
201906 1.527 108.070 1.862
201909 2.567 108.329 3.123
201912 1.068 108.420 1.298
202003 4.717 108.902 5.708
202006 -0.894 108.767 -1.083
202009 -8.922 109.815 -10.706
202012 -5.138 109.897 -6.161
202103 -5.975 111.754 -7.045
202106 -1.272 114.631 -1.462
202109 -3.223 115.734 -3.670
202112 -1.423 117.630 -1.594
202203 -0.011 121.301 -0.012
202206 0.153 125.017 0.161
202209 0.856 125.227 0.901
202212 -1.993 125.222 -2.097
202303 0.261 127.348 0.270
202306 0.222 128.729 0.227
202309 0.009 129.860 0.009
202312 -0.481 129.419 -0.490
202403 1.247 131.776 1.247

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.


TOPBI International Holdings  (TPE:2929) 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.


TOPBI International Holdings Cyclically Adjusted Price-to-FCF Related Terms

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TOPBI International Holdings (TPE:2929) Business Description

Traded in Other Exchanges
N/A
Address
No.97, Xinhu 1st Road, 2nd Floor, Neihu District, Taipei, TWN, 11494
TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.

TOPBI International Holdings (TPE:2929) Headlines

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