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AUO (AUOTY) Cyclically Adjusted Price-to-FCF : 6.50 (As of Apr. 28, 2024)


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What is AUO Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), AUO's current share price is $5.59. AUO's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.86. AUO's Cyclically Adjusted Price-to-FCF for today is 6.50.

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

AUOTY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.4   Med: 7.22   Max: 32.08
Current: 6.94

During the past years, AUO's highest Cyclically Adjusted Price-to-FCF was 32.08. The lowest was 4.40. And the median was 7.22.

AUOTY's Cyclically Adjusted Price-to-FCF is ranked better than
92.76% of 953 companies
in the Hardware industry
Industry Median: 27.98 vs AUOTY: 6.94

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.

AUO's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.090. 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 $0.86 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AUO Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AUO'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.

AUO Cyclically Adjusted Price-to-FCF Chart

AUO 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 12.99 17.00 9.82 4.78 6.90

AUO 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 4.78 6.13 6.41 5.77 6.90

Competitive Comparison of AUO's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, AUO'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.


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

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

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



AUO 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.59/0.86
=6.50

* 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.

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

For example, AUO'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)
=0.09/129.4194*129.4194
=0.090

Current CPI (Dec. 2023) = 129.4194.

AUO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.207 99.695 0.269
201406 0.453 100.560 0.583
201409 0.702 100.428 0.905
201412 0.603 99.070 0.788
201503 0.299 99.621 0.388
201506 0.472 100.684 0.607
201509 -0.064 100.392 -0.083
201512 0.451 99.792 0.585
201603 -0.133 100.470 -0.171
201606 -0.337 101.688 -0.429
201609 -0.312 101.861 -0.396
201612 0.388 101.863 0.493
201703 0.309 102.862 0.389
201706 0.695 103.349 0.870
201709 0.503 104.136 0.625
201712 0.221 104.011 0.275
201803 -0.093 105.290 -0.114
201806 0.052 106.317 0.063
201809 0.079 106.507 0.096
201812 0.187 105.998 0.228
201903 -0.360 107.251 -0.434
201906 -0.027 108.070 -0.032
201909 -0.144 108.329 -0.172
201912 0.166 108.420 0.198
202003 -0.393 108.902 -0.467
202006 -0.142 108.767 -0.169
202009 0.307 109.815 0.362
202012 0.715 109.897 0.842
202103 0.818 111.754 0.947
202106 0.846 114.631 0.955
202109 0.975 115.734 1.090
202112 0.959 117.630 1.055
202203 0.190 121.301 0.203
202206 0.044 125.017 0.046
202209 -0.623 125.227 -0.644
202212 0.041 125.222 0.042
202303 -0.930 127.348 -0.945
202306 0.088 128.729 0.088
202309 0.030 129.860 0.030
202312 0.090 129.419 0.090

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.


AUO  (OTCPK:AUOTY) 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.


AUO Cyclically Adjusted Price-to-FCF Related Terms

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


AUO (AUOTY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AUO Corp (OTCPK:AUOTY) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).