GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Aerospace Fasteners Corp (TPE:3004) » Definitions » Cyclically Adjusted Price-to-FCF

National Aerospace Fasteners (TPE:3004) Cyclically Adjusted Price-to-FCF : (As of May. 31, 2024)


View and export this data going back to 2002. Start your Free Trial

What is National Aerospace Fasteners Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Aerospace Fasteners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Aerospace Fasteners'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.

National Aerospace Fasteners Cyclically Adjusted Price-to-FCF Chart

National Aerospace Fasteners 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 - - - - -

National Aerospace Fasteners 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 - - - - -

Competitive Comparison of National Aerospace Fasteners's Cyclically Adjusted Price-to-FCF

For the Tools & Accessories subindustry, National Aerospace Fasteners'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.


National Aerospace Fasteners's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, National Aerospace Fasteners's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where National Aerospace Fasteners's Cyclically Adjusted Price-to-FCF falls into.



National Aerospace Fasteners 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.

National Aerospace Fasteners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, National Aerospace Fasteners'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)
=-0.749/131.7762*131.7762
=-0.749

Current CPI (Mar. 2024) = 131.7762.

National Aerospace Fasteners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.667 100.560 2.184
201409 -0.007 100.428 -0.009
201412 0.405 99.070 0.539
201503 -2.474 99.621 -3.273
201506 0.754 100.684 0.987
201509 0.605 100.392 0.794
201512 0.981 99.792 1.295
201603 1.227 100.470 1.609
201606 -0.595 101.688 -0.771
201609 -2.210 101.861 -2.859
201612 -21.230 101.863 -27.465
201703 0.594 102.862 0.761
201706 -0.722 103.349 -0.921
201709 -1.109 104.136 -1.403
201712 1.430 104.011 1.812
201803 -1.552 105.290 -1.942
201806 0.068 106.317 0.084
201809 -1.300 106.507 -1.608
201812 -0.554 105.998 -0.689
201903 -0.399 107.251 -0.490
201906 -0.223 108.070 -0.272
201909 -0.326 108.329 -0.397
201912 2.263 108.420 2.751
202003 0.066 108.902 0.080
202006 1.942 108.767 2.353
202009 2.673 109.815 3.208
202012 0.733 109.897 0.879
202103 2.035 111.754 2.400
202106 0.319 114.631 0.367
202109 -1.813 115.734 -2.064
202112 -0.338 117.630 -0.379
202203 0.059 121.301 0.064
202206 1.144 125.017 1.206
202209 1.047 125.227 1.102
202212 0.870 125.222 0.916
202303 -0.154 127.348 -0.159
202306 0.375 128.729 0.384
202309 0.225 129.860 0.228
202312 0.490 129.419 0.499
202403 -0.749 131.776 -0.749

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.


National Aerospace Fasteners  (TPE:3004) 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.


National Aerospace Fasteners Cyclically Adjusted Price-to-FCF Related Terms

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


National Aerospace Fasteners (TPE:3004) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Taiping East Road, Pingzhen District, Taoyuan, TWN, 324026
National Aerospace Fasteners Corp engages in the manufacture and trading of the fasteners, construction parts and other products of aircraft, ships, and vehicles. Aerospace and Industrial products are reportable segments of the company.

National Aerospace Fasteners (TPE:3004) Headlines

No Headlines