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Spirox (TPE:3055) Cyclically Adjusted Price-to-FCF : (As of May. 13, 2024)


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What is Spirox Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Spirox Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Spirox'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.

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Spirox Cyclically Adjusted Price-to-FCF Chart

Spirox Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Spirox Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Spirox's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Spirox'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.


Spirox's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Spirox's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Spirox 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.

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

For example, Spirox'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)
=0.175/129.4194*129.4194
=0.175

Current CPI (Mar. 2024) = 129.4194.

Spirox Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.824 100.560 2.347
201409 1.987 100.428 2.561
201412 -0.786 99.070 -1.027
201503 0.121 99.621 0.157
201506 1.275 100.684 1.639
201509 -3.750 100.392 -4.834
201512 3.472 99.792 4.503
201603 -0.218 100.470 -0.281
201606 3.336 101.688 4.246
201609 -1.702 101.861 -2.162
201612 0.095 101.863 0.121
201703 -1.844 102.862 -2.320
201706 -0.247 103.349 -0.309
201709 -0.424 104.136 -0.527
201712 3.920 104.011 4.878
201803 -2.956 105.290 -3.633
201806 3.421 106.317 4.164
201809 -1.208 106.507 -1.468
201812 -1.672 105.998 -2.041
201903 -1.548 107.251 -1.868
201906 -3.398 108.070 -4.069
201909 -3.000 108.329 -3.584
201912 -9.351 108.420 -11.162
202003 3.210 108.902 3.815
202006 -3.944 108.767 -4.693
202009 -1.868 109.815 -2.201
202012 -6.773 109.897 -7.976
202103 -0.321 111.754 -0.372
202106 0.522 114.631 0.589
202109 -3.216 115.734 -3.596
202112 -0.623 117.630 -0.685
202203 0.563 121.301 0.601
202206 -0.214 125.017 -0.222
202209 1.489 125.227 1.539
202212 -0.910 125.222 -0.941
202303 0.406 127.348 0.413
202306 1.008 128.729 1.013
202309 -0.509 129.860 -0.507
202312 0.104 129.419 0.104
202403 0.175 129.419 0.175

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.


Spirox  (TPE:3055) 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.


Spirox Cyclically Adjusted Price-to-FCF Related Terms

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Spirox (TPE:3055) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 95, Shuiyuan Street, Hsinchu City, TWN, 30069
Spirox Corp is engaged in providing integrated solutions and services for the high-tech industry. The products offered by the company include test machines, classifiers, test stand and test interfaces, and failure analysis systems.

Spirox (TPE:3055) Headlines

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