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Far EasTone Telecommunications Co (TPE:4904) Cyclically Adjusted Price-to-FCF : 22.98 (As of May. 16, 2024)


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What is Far EasTone Telecommunications Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Far EasTone Telecommunications Co's current share price is NT$84.10. Far EasTone Telecommunications Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.66. Far EasTone Telecommunications Co's Cyclically Adjusted Price-to-FCF for today is 22.98.

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

TPE:4904' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.81   Med: 31.38   Max: 37.64
Current: 22.66

During the past years, Far EasTone Telecommunications Co's highest Cyclically Adjusted Price-to-FCF was 37.64. The lowest was 19.81. And the median was 31.38.

TPE:4904's Cyclically Adjusted Price-to-FCF is ranked worse than
82.01% of 189 companies
in the Telecommunication Services industry
Industry Median: 13.51 vs TPE:4904: 22.66

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.

Far EasTone Telecommunications Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$1.805. 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$3.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Far EasTone Telecommunications Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Far EasTone Telecommunications Co'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.

Far EasTone Telecommunications Co Cyclically Adjusted Price-to-FCF Chart

Far EasTone Telecommunications Co 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 23.01 33.71 30.19 29.77 21.89

Far EasTone Telecommunications Co 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 32.03 33.21 29.27 21.89 22.22

Competitive Comparison of Far EasTone Telecommunications Co's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Far EasTone Telecommunications Co'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.


Far EasTone Telecommunications Co's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Far EasTone Telecommunications Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Far EasTone Telecommunications Co's Cyclically Adjusted Price-to-FCF falls into.



Far EasTone Telecommunications Co 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.

Far EasTone Telecommunications Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=84.10/3.66
=22.98

* 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.

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

For example, Far EasTone Telecommunications Co'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)
=1.805/131.7762*131.7762
=1.805

Current CPI (Mar. 2024) = 131.7762.

Far EasTone Telecommunications Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.009 100.560 1.322
201409 0.984 100.428 1.291
201412 0.526 99.070 0.700
201503 0.311 99.621 0.411
201506 0.631 100.684 0.826
201509 1.290 100.392 1.693
201512 0.604 99.792 0.798
201603 -0.552 100.470 -0.724
201606 1.366 101.688 1.770
201609 1.229 101.861 1.590
201612 0.718 101.863 0.929
201703 1.593 102.862 2.041
201706 0.979 103.349 1.248
201709 1.750 104.136 2.215
201712 -1.379 104.011 -1.747
201803 1.316 105.290 1.647
201806 1.915 106.317 2.374
201809 1.513 106.507 1.872
201812 0.142 105.998 0.177
201903 2.031 107.251 2.495
201906 0.118 108.070 0.144
201909 1.925 108.329 2.342
201912 0.596 108.420 0.724
202003 -10.716 108.902 -12.967
202006 1.233 108.767 1.494
202009 0.858 109.815 1.030
202012 0.389 109.897 0.466
202103 1.171 111.754 1.381
202106 0.850 114.631 0.977
202109 4.207 115.734 4.790
202112 0.882 117.630 0.988
202203 1.577 121.301 1.713
202206 1.052 125.017 1.109
202209 1.741 125.227 1.832
202212 0.784 125.222 0.825
202303 1.538 127.348 1.591
202306 1.537 128.729 1.573
202309 1.835 129.860 1.862
202312 0.600 129.419 0.611
202403 1.805 131.776 1.805

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.


Far EasTone Telecommunications Co  (TPE:4904) 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.


Far EasTone Telecommunications Co Cyclically Adjusted Price-to-FCF Related Terms

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Far EasTone Telecommunications Co (TPE:4904) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Tun-Hwa South Road, 28th Floor, Section 2, Taipei, TWN
Far EasTone Telecommunications Co Ltd is a telecommunications company. It provides mobile telecommunications services (including voice and internet services), international simple resale services, digital value-added services, sale of cellular phone equipment and accessories and enterprise information and communication integration services, etc. The company operating segments are Mobile services business, Fixed-line services business, Sales business. The company generates the vast majority of its revenue in Taiwan.

Far EasTone Telecommunications Co (TPE:4904) Headlines

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