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Danen Technology (TPE:3686) Cyclically Adjusted Price-to-FCF : (As of Jun. 21, 2024)


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What is Danen Technology Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Danen Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Danen Technology'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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Danen Technology Cyclically Adjusted Price-to-FCF Chart

Danen Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Danen Technology 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 Danen Technology's Cyclically Adjusted Price-to-FCF

For the Solar subindustry, Danen Technology'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.


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

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

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



Danen Technology 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.

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

For example, Danen Technology'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)
=0.065/131.7762*131.7762
=0.065

Current CPI (Mar. 2024) = 131.7762.

Danen Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.333 100.560 -0.436
201409 0.402 100.428 0.527
201412 0.396 99.070 0.527
201503 0.658 99.621 0.870
201506 -1.096 100.684 -1.434
201509 0.075 100.392 0.098
201512 0.750 99.792 0.990
201603 1.105 100.470 1.449
201606 0.794 101.688 1.029
201609 -0.934 101.861 -1.208
201612 -0.525 101.863 -0.679
201703 0.019 102.862 0.024
201706 -0.686 103.349 -0.875
201709 -0.347 104.136 -0.439
201712 1.063 104.011 1.347
201803 -2.264 105.290 -2.834
201806 -0.044 106.317 -0.055
201809 -1.833 106.507 -2.268
201812 0.058 105.998 0.072
201903 -0.014 107.251 -0.017
201906 0.033 108.070 0.040
201909 -0.458 108.329 -0.557
201912 -0.386 108.420 -0.469
202003 -0.024 108.902 -0.029
202006 -0.274 108.767 -0.332
202009 -0.188 109.815 -0.226
202012 -0.016 109.897 -0.019
202103 -0.278 111.754 -0.328
202106 -0.134 114.631 -0.154
202109 0.206 115.734 0.235
202112 -0.372 117.630 -0.417
202203 -0.427 121.301 -0.464
202206 -0.108 125.017 -0.114
202209 -0.061 125.227 -0.064
202212 -0.912 125.222 -0.960
202303 0.332 127.348 0.344
202306 0.118 128.729 0.121
202309 0.135 129.860 0.137
202312 -0.073 129.419 -0.074
202403 0.065 131.776 0.065

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.


Danen Technology  (TPE:3686) 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.


Danen Technology Cyclically Adjusted Price-to-FCF Related Terms

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Danen Technology (TPE:3686) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 599, Huan-Nan Road, Taoyuan High-Tech Industrial Park, Guanyin District, Taoyuan, TWN, 328
Danen Technology Corp is a Taiwan-based company engaged in the manufacture and sales of solar wafer-related products. The company also provides manufacturing and processing services for a silicon wafers. It has geographical operations in Taiwan, Asia, and America.

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