/term/cyclically-adjusted-price-to-fcf/TPE:8072 Av Tech (TPE:8072) Cyclically Adjusted Price-to-FCF
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Av Tech (TPE:8072) Cyclically Adjusted Price-to-FCF : 55.61 (As of Jun. 20, 2024)


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What is Av Tech Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Av Tech's current share price is NT$31.70. Av Tech's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.57. Av Tech's Cyclically Adjusted Price-to-FCF for today is 55.61.

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

TPE:8072' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.15   Med: 11.26   Max: 51.4
Current: 51.23

During the past years, Av Tech's highest Cyclically Adjusted Price-to-FCF was 51.40. The lowest was 5.15. And the median was 11.26.

TPE:8072's Cyclically Adjusted Price-to-FCF is ranked worse than
81.67% of 371 companies
in the Business Services industry
Industry Median: 17.76 vs TPE:8072: 51.23

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.

Av Tech's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.289. 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$0.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Av Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Av Tech'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.

Av Tech Cyclically Adjusted Price-to-FCF Chart

Av Tech 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 5.61 11.26 16.03 25.40 40.61

Av Tech 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 28.97 37.72 36.44 40.61 47.81

Competitive Comparison of Av Tech's Cyclically Adjusted Price-to-FCF

For the Security & Protection Services subindustry, Av Tech'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.


Av Tech's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Av Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Av Tech 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.

Av Tech's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.70/0.57
=55.61

* 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.

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

For example, Av Tech'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)
=0.289/131.7762*131.7762
=0.289

Current CPI (Mar. 2024) = 131.7762.

Av Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.004 100.560 0.005
201409 -0.366 100.428 -0.480
201412 0.306 99.070 0.407
201503 -0.029 99.621 -0.038
201506 0.444 100.684 0.581
201509 0.723 100.392 0.949
201512 0.826 99.792 1.091
201603 0.805 100.470 1.056
201606 0.283 101.688 0.367
201609 -0.129 101.861 -0.167
201612 -0.948 101.863 -1.226
201703 0.534 102.862 0.684
201706 0.495 103.349 0.631
201709 -0.452 104.136 -0.572
201712 0.236 104.011 0.299
201803 -0.097 105.290 -0.121
201806 -0.126 106.317 -0.156
201809 -0.175 106.507 -0.217
201812 -0.036 105.998 -0.045
201903 0.040 107.251 0.049
201906 -0.310 108.070 -0.378
201909 -0.513 108.329 -0.624
201912 0.158 108.420 0.192
202003 0.235 108.902 0.284
202006 -0.150 108.767 -0.182
202009 -0.347 109.815 -0.416
202012 -0.132 109.897 -0.158
202103 0.744 111.754 0.877
202106 -0.297 114.631 -0.341
202109 -0.145 115.734 -0.165
202112 -0.237 117.630 -0.266
202203 -0.172 121.301 -0.187
202206 0.077 125.017 0.081
202209 0.528 125.227 0.556
202212 0.255 125.222 0.268
202303 1.076 127.348 1.113
202306 0.464 128.729 0.475
202309 -0.134 129.860 -0.136
202312 1.297 129.419 1.321
202403 0.289 131.776 0.289

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.


Av Tech  (TPE:8072) 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.


Av Tech Cyclically Adjusted Price-to-FCF Related Terms

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


Av Tech (TPE:8072) Business Description

Industry
Traded in Other Exchanges
N/A
Address
10f, E Building, No.19-11,, San Chung Rd., Nankang, Taipei, TWN, 115
Av Tech Corp operates in the Taiwan surveillance industry. It is mainly engaged in the manufacturing of standalone digital video recorders. The company primarily provides IP cameras, network video recorders, digital video recorders, CCTV cameras and related accessories.

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