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IEI Integration (TPE:3022) Cyclically Adjusted Price-to-FCF : 10.28 (As of Apr. 28, 2024)


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What is IEI Integration Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), IEI Integration's current share price is NT$78.10. IEI Integration's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$7.60. IEI Integration's Cyclically Adjusted Price-to-FCF for today is 10.28.

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

TPE:3022' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.72   Med: 9.51   Max: 15.59
Current: 10.28

During the past years, IEI Integration's highest Cyclically Adjusted Price-to-FCF was 15.59. The lowest was 4.72. And the median was 9.51.

TPE:3022's Cyclically Adjusted Price-to-FCF is ranked better than
85.52% of 953 companies
in the Hardware industry
Industry Median: 27.98 vs TPE:3022: 10.28

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.

IEI Integration's adjusted free cash flow per share data for the three months ended in Dec. 2023 was NT$3.182. 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$7.60 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


IEI Integration Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IEI Integration'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.

IEI Integration Cyclically Adjusted Price-to-FCF Chart

IEI Integration 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 8.50 8.71 7.32 11.43 11.05

IEI Integration 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 11.43 14.22 14.65 11.94 11.05

Competitive Comparison of IEI Integration's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, IEI Integration'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.


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

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

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



IEI Integration 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=78.10/7.6
=10.28

* 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.

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

For example, IEI Integration'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)
=3.182/129.4194*129.4194
=3.182

Current CPI (Dec. 2023) = 129.4194.

IEI Integration Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.513 99.695 1.964
201406 8.928 100.560 11.490
201409 -8.899 100.428 -11.468
201412 0.206 99.070 0.269
201503 2.903 99.621 3.771
201506 -3.259 100.684 -4.189
201509 10.640 100.392 13.717
201512 7.290 99.792 9.454
201603 0.782 100.470 1.007
201606 0.856 101.688 1.089
201609 -2.793 101.861 -3.549
201612 4.771 101.863 6.062
201703 3.182 102.862 4.004
201706 3.145 103.349 3.938
201709 0.477 104.136 0.593
201712 2.221 104.011 2.764
201803 -2.853 105.290 -3.507
201806 1.168 106.317 1.422
201809 0.967 106.507 1.175
201812 2.546 105.998 3.109
201903 -1.124 107.251 -1.356
201906 3.454 108.070 4.136
201909 2.687 108.329 3.210
201912 4.197 108.420 5.010
202003 -0.113 108.902 -0.134
202006 0.731 108.767 0.870
202009 -1.263 109.815 -1.488
202012 2.996 109.897 3.528
202103 -2.278 111.754 -2.638
202106 -0.906 114.631 -1.023
202109 2.200 115.734 2.460
202112 4.033 117.630 4.437
202203 -0.475 121.301 -0.507
202206 -0.751 125.017 -0.777
202209 4.223 125.227 4.364
202212 4.801 125.222 4.962
202303 -0.788 127.348 -0.801
202306 3.320 128.729 3.338
202309 2.116 129.860 2.109
202312 3.182 129.419 3.182

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.


IEI Integration  (TPE:3022) 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.


IEI Integration Cyclically Adjusted Price-to-FCF Related Terms

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


IEI Integration (TPE:3022) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3rd floor, Number 29, Zhongxing Road, Xizhi District, New Taipei City, TWN, 221
IEI Integration Corp is a Taiwan-based manufacturer of components for use in computer-based applications such as manufacturing automation, telephony integration, security, defense, transportation, and the Internet of Things. The company also offers digital solutions to smart cities, smart building automation, home automation, car park management systems, office automation, security and surveillance, and remote diagnostics. IEI collaborates with large technology companies to offer intelligent systems that are compatible with different operating systems. The firm has operations in the United States and China, Asia, Domestic and others.

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