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Polytronics Technology (TPE:6224) Cyclically Adjusted Price-to-FCF : 14.80 (As of May. 21, 2024)


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

As of today (2024-05-21), Polytronics Technology's current share price is NT$54.60. Polytronics Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.69. Polytronics Technology's Cyclically Adjusted Price-to-FCF for today is 14.80.

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

TPE:6224' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.82   Med: 15.85   Max: 36.71
Current: 14.77

During the past years, Polytronics Technology's highest Cyclically Adjusted Price-to-FCF was 36.71. The lowest was 11.82. And the median was 15.85.

TPE:6224's Cyclically Adjusted Price-to-FCF is ranked better than
76.51% of 958 companies
in the Hardware industry
Industry Median: 29.805 vs TPE:6224: 14.77

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.

Polytronics Technology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.423. 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$3.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polytronics Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Polytronics 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.

* Premium members only.

Polytronics Technology Cyclically Adjusted Price-to-FCF Chart

Polytronics Technology 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 15.52 20.86 29.60 13.45 15.07

Polytronics Technology 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 16.58 15.43 13.35 15.07 15.28

Competitive Comparison of Polytronics Technology's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Polytronics 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.


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

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

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



Polytronics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=54.60/3.69
=14.80

* 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.

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

For example, Polytronics 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)
=-0.423/131.7762*131.7762
=-0.423

Current CPI (Mar. 2024) = 131.7762.

Polytronics Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.585 100.560 0.767
201409 1.129 100.428 1.481
201412 1.972 99.070 2.623
201503 1.649 99.621 2.181
201506 1.271 100.684 1.663
201509 1.624 100.392 2.132
201512 1.778 99.792 2.348
201603 0.135 100.470 0.177
201606 1.153 101.688 1.494
201609 0.302 101.861 0.391
201612 1.632 101.863 2.111
201703 1.238 102.862 1.586
201706 0.963 103.349 1.228
201709 0.397 104.136 0.502
201712 1.188 104.011 1.505
201803 -0.031 105.290 -0.039
201806 0.613 106.317 0.760
201809 1.284 106.507 1.589
201812 1.048 105.998 1.303
201903 0.982 107.251 1.207
201906 1.123 108.070 1.369
201909 1.365 108.329 1.660
201912 1.738 108.420 2.112
202003 1.847 108.902 2.235
202006 -0.020 108.767 -0.024
202009 1.022 109.815 1.226
202012 1.380 109.897 1.655
202103 -0.014 111.754 -0.017
202106 -0.813 114.631 -0.935
202109 -2.013 115.734 -2.292
202112 -0.231 117.630 -0.259
202203 -1.602 121.301 -1.740
202206 -0.663 125.017 -0.699
202209 0.560 125.227 0.589
202212 1.798 125.222 1.892
202303 -0.251 127.348 -0.260
202306 1.630 128.729 1.669
202309 1.013 129.860 1.028
202312 1.092 129.419 1.112
202403 -0.423 131.776 -0.423

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.


Polytronics Technology  (TPE:6224) 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.


Polytronics Technology Cyclically Adjusted Price-to-FCF Related Terms

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


Polytronics Technology (TPE:6224) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 24-1 Industry E. Road. IV, Hsinchu Science Park, Hsinchu, TWN, 300
Polytronics Technology Corp, along with its subsidiaries is engaged in the research, development, manufacturing, and sale of polymeric positive temperature coefficient, overvoltage protection elements and its production-related semi-finished goods, modules, heat conductive substrate, thermal module, heat dispersing materials, light emitting diode lighting, and modules. The company is based in the Taiwan region and offers its services to China, America, and other regions.

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