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Samick Musical Instruments Co (XKRX:002450) Cyclically Adjusted Price-to-FCF : 54.61 (As of May. 16, 2024)


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What is Samick Musical Instruments Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Samick Musical Instruments Co's current share price is ₩1392.00. Samick Musical Instruments Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₩25.49. Samick Musical Instruments Co's Cyclically Adjusted Price-to-FCF for today is 54.61.

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

XKRX:002450' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 40.37   Med: 162.42   Max: 312.5
Current: 51.32

During the past years, Samick Musical Instruments Co's highest Cyclically Adjusted Price-to-FCF was 312.50. The lowest was 40.37. And the median was 162.42.

XKRX:002450's Cyclically Adjusted Price-to-FCF is ranked worse than
68.61% of 962 companies
in the Hardware industry
Industry Median: 29.755 vs XKRX:002450: 51.32

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.

Samick Musical Instruments Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₩199.010. 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 ₩25.49 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Samick Musical Instruments Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Samick Musical Instruments 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.

Samick Musical Instruments Co Cyclically Adjusted Price-to-FCF Chart

Samick Musical Instruments 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 - - - - 42.77

Samick Musical Instruments Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 164.15 - - 42.77

Competitive Comparison of Samick Musical Instruments Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Samick Musical Instruments 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.


Samick Musical Instruments Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

* The bar in red indicates where Samick Musical Instruments Co's Cyclically Adjusted Price-to-FCF falls into.



Samick Musical Instruments 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.

Samick Musical Instruments Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1392.00/25.49
=54.61

* 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.

Samick Musical Instruments Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Samick Musical Instruments Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=199.01/118.8477*118.8477
=199.010

Current CPI (Dec. 2023) = 118.8477.

Samick Musical Instruments Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.812 99.253 4.565
201406 -121.092 99.353 -144.852
201409 -462.569 99.608 -551.916
201412 779.166 99.098 934.450
201503 -10.752 99.720 -12.814
201506 -270.065 100.050 -320.806
201509 35.567 100.110 42.224
201512 210.568 100.220 249.706
201603 -69.331 100.560 -81.939
201606 -122.516 100.790 -144.466
201609 -1.250 101.460 -1.464
201612 -99.752 101.560 -116.732
201703 -54.546 102.850 -63.030
201706 -34.482 102.610 -39.939
201709 23.234 103.490 26.682
201712 45.469 102.990 52.470
201803 53.410 104.100 60.977
201806 -268.509 104.130 -306.460
201809 -151.277 105.650 -170.174
201812 23.531 104.350 26.800
201903 134.392 104.490 152.858
201906 -160.335 104.880 -181.688
201909 -79.168 105.200 -89.439
201912 21.939 105.120 24.804
202003 80.223 105.540 90.338
202006 -16.110 104.870 -18.257
202009 124.798 106.200 139.661
202012 179.618 105.765 201.835
202103 188.811 107.357 209.020
202106 4.438 107.579 4.903
202109 29.212 108.759 31.922
202112 -88.707 109.676 -96.125
202203 104.790 111.806 111.390
202206 -259.861 114.083 -270.715
202209 173.763 114.831 179.841
202212 120.965 115.200 124.795
202303 239.376 116.550 244.096
202306 -193.162 117.140 -195.978
202309 -50.803 119.111 -50.691
202312 199.010 118.848 199.010

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.


Samick Musical Instruments Co  (XKRX:002450) 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.


Samick Musical Instruments Co Cyclically Adjusted Price-to-FCF Related Terms

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Samick Musical Instruments Co (XKRX:002450) Business Description

Traded in Other Exchanges
N/A
Address
1-6, Daejang-Ri, Soi-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 369-872
Samick Musical Instruments Co Ltd manufactures and sells musical instruments in South Korea. The company offers upright, grand, and digital pianos; and acoustic and electric guitars. It also provides other music instruments, including strings, such as violins, guitar and bass amplifiers, and cellos; wind instruments comprising amplifiers, flutes, trumpets, saxophones, clarinets, ocarinas, and harmonicas; percussion products covering drums; music stands; tuners; musical instruments for kids; metronomes; and P.A systems.

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