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Welltend Technology (TPE:3021) Cyclically Adjusted Price-to-FCF : 26.87 (As of Apr. 29, 2024)


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What is Welltend Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Welltend Technology's current share price is NT$22.30. Welltend Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$0.83. Welltend Technology's Cyclically Adjusted Price-to-FCF for today is 26.87.

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

TPE:3021' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.43   Med: 34.2   Max: 60.23
Current: 26.99

During the past years, Welltend Technology's highest Cyclically Adjusted Price-to-FCF was 60.23. The lowest was 14.43. And the median was 34.20.

TPE:3021's Cyclically Adjusted Price-to-FCF is ranked better than
52.6% of 960 companies
in the Hardware industry
Industry Median: 28.155 vs TPE:3021: 26.99

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.

Welltend Technology's adjusted free cash flow per share data for the three months ended in Dec. 2023 was NT$1.121. 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$0.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Welltend Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Welltend Technology'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.

Welltend Technology Cyclically Adjusted Price-to-FCF Chart

Welltend Technology 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 26.63 30.20 52.41 32.34 24.39

Welltend Technology Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 40.15 32.34 - 31.03 24.39

Competitive Comparison of Welltend Technology's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Welltend Technology'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.


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

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

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



Welltend Technology 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.30/0.83
=26.87

* 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.

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

For example, Welltend Technology'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)
=1.121/129.4194*129.4194
=1.121

Current CPI (Dec. 2023) = 129.4194.

Welltend Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.016 98.326 0.021
201403 0.362 99.695 0.470
201406 -0.309 100.560 -0.398
201409 0.102 100.428 0.131
201412 0.103 99.070 0.135
201503 -0.224 99.621 -0.291
201506 -0.349 100.684 -0.449
201509 0.327 100.392 0.422
201512 0.376 99.792 0.488
201603 0.559 100.470 0.720
201606 -0.021 101.688 -0.027
201609 0.448 101.861 0.569
201612 1.312 101.863 1.667
201703 0.121 102.862 0.152
201706 -0.183 103.349 -0.229
201709 0.578 104.136 0.718
201712 -0.697 104.011 -0.867
201803 0.093 105.290 0.114
201806 -0.422 106.317 -0.514
201809 0.520 106.507 0.632
201812 0.582 105.998 0.711
201903 -0.035 107.251 -0.042
201906 0.175 108.070 0.210
201909 0.650 108.329 0.777
201912 1.368 108.420 1.633
202003 0.824 108.902 0.979
202006 -0.348 108.767 -0.414
202009 -0.769 109.815 -0.906
202012 -0.896 109.897 -1.055
202103 -0.301 111.754 -0.349
202106 0.036 114.631 0.041
202109 -0.773 115.734 -0.864
202112 0.730 117.630 0.803
202203 -0.295 121.301 -0.315
202206 -0.012 125.017 -0.012
202209 0.063 125.227 0.065
202212 1.399 125.222 1.446
202306 0.000 128.729 0.000
202309 0.767 129.860 0.764
202312 1.121 129.419 1.121

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.


Welltend Technology  (TPE:3021) 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.


Welltend Technology Cyclically Adjusted Price-to-FCF Related Terms

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Welltend Technology (TPE:3021) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6F, No.59, Dongxing Road, Taipei, TWN
Welltend Technology Corp is mainly engaged in the research and development, production and sales of computers, home appliances, automobiles, business-related parts, and components. The Group is divided into two operating segments: Information Service Department and the Wire & Connectors Department. The main business of the Information Service Department is the integrated planning and implementation of information systems and consulting services. The main business of the Wire & Connectors Department is the production and sale of computer peripherals, smart home appliances, communication equipment, and game consoles.

Welltend Technology (TPE:3021) Headlines

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