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Apogee Optocom Co (TPE:6426) Cyclically Adjusted Price-to-FCF : 68.97 (As of May. 24, 2024)


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What is Apogee Optocom Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Apogee Optocom Co's current share price is NT$66.90. Apogee Optocom Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.97. Apogee Optocom Co's Cyclically Adjusted Price-to-FCF for today is 68.97.

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

TPE:6426' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 52.43   Med: 68.43   Max: 182.5
Current: 67.01

During the past years, Apogee Optocom Co's highest Cyclically Adjusted Price-to-FCF was 182.50. The lowest was 52.43. And the median was 68.43.

TPE:6426's Cyclically Adjusted Price-to-FCF is ranked worse than
75.38% of 930 companies
in the Hardware industry
Industry Median: 30.555 vs TPE:6426: 67.01

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.

Apogee Optocom Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.520. 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$0.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apogee Optocom Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apogee Optocom 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.

Apogee Optocom Co Cyclically Adjusted Price-to-FCF Chart

Apogee Optocom 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 - - - 71.77 72.68

Apogee Optocom 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 64.83 52.33 57.17 72.68 73.43

Competitive Comparison of Apogee Optocom Co's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Apogee Optocom 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.


Apogee Optocom Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Apogee Optocom 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.

Apogee Optocom Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=66.90/0.97
=68.97

* 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.

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

For example, Apogee Optocom 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)
=-0.52/131.7762*131.7762
=-0.520

Current CPI (Mar. 2024) = 131.7762.

Apogee Optocom Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.068 100.560 1.400
201409 -0.146 100.428 -0.192
201412 1.007 99.070 1.339
201503 0.457 99.621 0.605
201506 -0.171 100.684 -0.224
201509 0.963 100.392 1.264
201512 1.426 99.792 1.883
201603 -0.087 100.470 -0.114
201606 0.675 101.688 0.875
201609 0.777 101.861 1.005
201612 1.843 101.863 2.384
201703 0.024 102.862 0.031
201706 1.702 103.349 2.170
201709 -0.427 104.136 -0.540
201712 0.081 104.011 0.103
201803 -2.688 105.290 -3.364
201806 -0.358 106.317 -0.444
201809 -0.157 106.507 -0.194
201812 0.371 105.998 0.461
201903 0.696 107.251 0.855
201906 0.413 108.070 0.504
201909 -0.629 108.329 -0.765
201912 0.400 108.420 0.486
202003 -1.359 108.902 -1.644
202006 -1.683 108.767 -2.039
202009 0.804 109.815 0.965
202012 0.503 109.897 0.603
202103 -0.169 111.754 -0.199
202106 -0.232 114.631 -0.267
202109 0.512 115.734 0.583
202112 -4.143 117.630 -4.641
202203 1.607 121.301 1.746
202206 2.043 125.017 2.153
202209 2.297 125.227 2.417
202212 1.416 125.222 1.490
202303 0.270 127.348 0.279
202306 -0.221 128.729 -0.226
202309 0.325 129.860 0.330
202312 -0.885 129.419 -0.901
202403 -0.520 131.776 -0.520

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.


Apogee Optocom Co  (TPE:6426) 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.


Apogee Optocom Co Cyclically Adjusted Price-to-FCF Related Terms

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Apogee Optocom Co (TPE:6426) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4th floor, No. 2, Nanke 3rd Road, Xinshi District, Tainan, TWN
Apogee Optocom Co Ltd is a communication component manufacturer based in Taiwan. The products offered by the company include Optical filters (Active), Optical filters (Passive), Data Centers, OEM & ODM Coating Services, and Measurement Equipment. It has three reportable operating segments as follows: The parent company, subsidiary, and adjustment.

Apogee Optocom Co (TPE:6426) Headlines

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