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Zecotek Photonics (Zecotek Photonics) Cyclically Adjusted Price-to-FCF : (As of Jun. 11, 2024)


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What is Zecotek Photonics Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zecotek Photonics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zecotek Photonics'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.

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Zecotek Photonics Cyclically Adjusted Price-to-FCF Chart

Zecotek Photonics Annual Data
Trend Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19
Cyclically Adjusted Price-to-FCF
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Zecotek Photonics Quarterly Data
Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20
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Competitive Comparison of Zecotek Photonics's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Zecotek Photonics'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.


Zecotek Photonics's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Zecotek Photonics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zecotek Photonics 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.

Zecotek Photonics's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2020 is calculated as:

For example, Zecotek Photonics's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2020 (Change)*Current CPI (Apr. 2020)
=0/107.2162*107.2162
=0.000

Current CPI (Apr. 2020) = 107.2162.

Zecotek Photonics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201007 -0.010 92.283 -0.012
201010 -0.009 92.757 -0.010
201101 -0.011 93.074 -0.013
201104 -0.024 94.654 -0.027
201107 -0.021 94.812 -0.024
201110 -0.015 95.444 -0.017
201201 -0.016 95.365 -0.018
201204 -0.008 96.550 -0.009
201207 -0.008 95.997 -0.009
201210 -0.009 96.550 -0.010
201301 -0.011 95.839 -0.012
201304 -0.012 96.945 -0.013
201307 -0.011 97.261 -0.012
201310 -0.012 97.182 -0.013
201401 -0.014 97.261 -0.015
201404 -0.020 98.920 -0.022
201407 -0.018 99.315 -0.019
201410 -0.017 99.473 -0.018
201501 0.005 98.209 0.005
201504 -0.015 99.710 -0.016
201507 -0.007 100.579 -0.007
201510 -0.003 100.500 -0.003
201601 -0.010 100.184 -0.011
201604 -0.005 101.370 -0.005
201607 -0.005 101.844 -0.005
201610 -0.006 102.002 -0.006
201701 -0.007 102.318 -0.007
201704 -0.003 103.029 -0.003
201707 -0.005 103.029 -0.005
201710 -0.008 103.424 -0.008
201801 -0.009 104.056 -0.009
201804 -0.011 105.320 -0.011
201807 -0.005 106.110 -0.005
201810 -0.008 105.952 -0.008
201901 -0.009 105.557 -0.009
201904 -0.013 107.453 -0.013
201907 -0.006 108.243 -0.006
201910 -0.004 107.927 -0.004
202001 -0.003 108.085 -0.003
202004 0.000 107.216 0.000

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.


Zecotek Photonics  (OTCPK:ZMSPF) 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.


Zecotek Photonics Cyclically Adjusted Price-to-FCF Related Terms

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Zecotek Photonics (Zecotek Photonics) Business Description

Traded in Other Exchanges
N/A
Address
6900 Graybar Road, Unit 2325, Richmond, BC, CAN, V6W 0A5
Zecotek Photonics Inc is in the business of research and development of photonics technologies. The company is focused on creating advanced materials and integrated optoelectronic devices for high-resolution medical imaging, optical precision surgery, and biopharmaceutical research. It operates in three divisions which include Imaging systems, Optronics systems, and 3D display systems with labs located in Canada, Korea, Russia, Singapore, and the U.S.A. The company develops products such as scintillation crystals, solid-state, photodetectors, positron emission tomography scanning components, lasers, and 3D display and 3D printing technologies. These products are used in sectors such as healthcare, scientific and industrial.