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Favite (TPE:3535) Cyclically Adjusted Price-to-FCF : 25.40 (As of May. 17, 2024)


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What is Favite Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Favite's current share price is NT$25.40. Favite's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.00. Favite's Cyclically Adjusted Price-to-FCF for today is 25.40.

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

TPE:3535' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.69   Med: 26.01   Max: 52.8
Current: 24.14

During the past years, Favite's highest Cyclically Adjusted Price-to-FCF was 52.80. The lowest was 15.69. And the median was 26.01.

TPE:3535's Cyclically Adjusted Price-to-FCF is ranked better than
58.48% of 961 companies
in the Hardware industry
Industry Median: 29.76 vs TPE:3535: 24.14

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.

Favite's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.841. 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$1.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Favite Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Favite'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.

Favite Cyclically Adjusted Price-to-FCF Chart

Favite 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 40.01 38.50 16.90 21.83 19.10

Favite 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 26.18 24.59 19.96 19.10 20.28

Competitive Comparison of Favite's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Favite'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.


Favite's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Favite 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.

Favite's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.40/1
=25.40

* 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.

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

For example, Favite'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)
=-0.841/131.7762*131.7762
=-0.841

Current CPI (Mar. 2024) = 131.7762.

Favite Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.285 100.560 -0.373
201409 0.063 100.428 0.083
201412 -0.568 99.070 -0.756
201503 0.315 99.621 0.417
201506 -0.311 100.684 -0.407
201509 -1.031 100.392 -1.353
201512 -0.515 99.792 -0.680
201603 1.104 100.470 1.448
201606 -1.258 101.688 -1.630
201609 5.221 101.861 6.754
201612 -1.406 101.863 -1.819
201703 -1.506 102.862 -1.929
201706 -0.832 103.349 -1.061
201709 -0.281 104.136 -0.356
201712 0.281 104.011 0.356
201803 -3.165 105.290 -3.961
201806 -0.248 106.317 -0.307
201809 5.012 106.507 6.201
201812 0.528 105.998 0.656
201903 -2.389 107.251 -2.935
201906 1.516 108.070 1.849
201909 -0.225 108.329 -0.274
201912 0.548 108.420 0.666
202003 -1.111 108.902 -1.344
202006 0.109 108.767 0.132
202009 0.988 109.815 1.186
202012 3.384 109.897 4.058
202103 1.333 111.754 1.572
202106 1.587 114.631 1.824
202109 1.400 115.734 1.594
202112 1.051 117.630 1.177
202203 -2.084 121.301 -2.264
202206 -0.352 125.017 -0.371
202209 1.987 125.227 2.091
202212 -0.428 125.222 -0.450
202303 -0.484 127.348 -0.501
202306 0.178 128.729 0.182
202309 1.697 129.860 1.722
202312 -0.169 129.419 -0.172
202403 -0.841 131.776 -0.841

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.


Favite  (TPE:3535) 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.


Favite Cyclically Adjusted Price-to-FCF Related Terms

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


Favite (TPE:3535) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Favite Inc (TPE:3535) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
Number 197, Sec 2 Huanbei Road, Zhubei, TWN
Favite Inc is engaged in the manufacturing of general instruments, precision instruments, and controlled telecommunication radio-frequency devices and the sales of information software services.

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