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Brightek Optoelectronic Co (TPE:5244) Cyclically Adjusted Price-to-FCF : 17.84 (As of Jun. 16, 2024)


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What is Brightek Optoelectronic Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-16), Brightek Optoelectronic Co's current share price is NT$45.85. Brightek Optoelectronic Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was NT$2.57. Brightek Optoelectronic Co's Cyclically Adjusted Price-to-FCF for today is 17.84.

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

TPE:5244' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.35   Med: 17.55   Max: 20.51
Current: 18.41

During the past 13 years, Brightek Optoelectronic Co's highest Cyclically Adjusted Price-to-FCF was 20.51. The lowest was 10.35. And the median was 17.55.

TPE:5244's Cyclically Adjusted Price-to-FCF is ranked better than
68.94% of 966 companies
in the Hardware industry
Industry Median: 30.01 vs TPE:5244: 18.41

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.

Brightek Optoelectronic Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was NT$1.235. 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$2.57 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brightek Optoelectronic Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Brightek Optoelectronic 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.

Brightek Optoelectronic Co Cyclically Adjusted Price-to-FCF Chart

Brightek Optoelectronic 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 - - - 10.26 15.98

Brightek Optoelectronic Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 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 - - - 15.98 -

Competitive Comparison of Brightek Optoelectronic Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Brightek Optoelectronic 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.


Brightek Optoelectronic Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Brightek Optoelectronic 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.

Brightek Optoelectronic Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.85/2.57
=17.84

* 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.

Brightek Optoelectronic Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Brightek Optoelectronic Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.235/129.4194*129.4194
=1.235

Current CPI (Dec23) = 129.4194.

Brightek Optoelectronic Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 2.938 99.070 3.838
201512 0.978 99.792 1.268
201612 1.408 101.863 1.789
201712 2.281 104.011 2.838
201812 2.311 105.998 2.822
201912 2.930 108.420 3.497
202012 3.259 109.897 3.838
202112 2.180 117.630 2.398
202212 2.096 125.222 2.166
202312 1.235 129.419 1.235

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.


Brightek Optoelectronic Co  (TPE:5244) 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.


Brightek Optoelectronic Co Cyclically Adjusted Price-to-FCF Related Terms

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Brightek Optoelectronic Co (TPE:5244) Business Description

Traded in Other Exchanges
N/A
Address
No. 1492-1, Chunri Road, 7th Floor, Taoyuan District, Taoyuan City, TWN, 33051
Brightek Optoelectronic Co Ltd is a Taiwan-based company that mainly engages in the manufacturing and trading of optoelectronic elements. Geographically company operates in Asia, America, Europe, and Others, where it derives the majority of its revenue from Asia.

Brightek Optoelectronic Co (TPE:5244) Headlines

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