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Goertek (SZSE:002241) Cyclically Adjusted FCF per Share : ¥0.14 (As of Mar. 2024)


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What is Goertek Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Goertek's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥0.164. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ¥0.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Goertek's average Cyclically Adjusted FCF Growth Rate was 180.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Goertek was 27.00% per year. The lowest was 3.90% per year. And the median was 15.45% per year.

As of today (2024-06-10), Goertek's current stock price is ¥16.95. Goertek's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥0.14. Goertek's Cyclically Adjusted Price-to-FCF of today is 121.07.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Goertek was 2705.00. The lowest was 104.50. And the median was 385.98.


Goertek Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Goertek's Cyclically Adjusted FCF per Share 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.

Goertek Cyclically Adjusted FCF per Share Chart

Goertek Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.16 -0.07 0.02 0.09 0.14

Goertek Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.05 0.04 0.05 0.14 0.14

Competitive Comparison of Goertek's Cyclically Adjusted FCF per Share

For the Consumer Electronics subindustry, Goertek'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.


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

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

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



Goertek Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Goertek's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.164/115.2271*115.2271
=0.164

Current CPI (Mar. 2024) = 115.2271.

Goertek Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.032 98.200 -0.038
201409 -0.239 98.900 -0.278
201412 0.130 99.000 0.151
201503 0.000 99.900 0.000
201506 0.023 99.500 0.027
201509 -0.203 100.500 -0.233
201512 0.301 100.600 0.345
201603 -0.235 102.200 -0.265
201606 -0.190 101.400 -0.216
201609 -0.365 102.400 -0.411
201612 0.432 102.600 0.485
201703 -0.062 103.200 -0.069
201706 -0.031 103.100 -0.035
201709 -0.254 104.100 -0.281
201712 0.344 104.500 0.379
201803 0.073 105.300 0.080
201806 -0.323 104.900 -0.355
201809 -0.435 106.600 -0.470
201812 0.084 106.500 0.091
201903 -0.035 107.700 -0.037
201906 0.272 107.700 0.291
201909 0.181 109.800 0.190
201912 0.286 111.200 0.296
202003 -0.143 112.300 -0.147
202006 -0.307 110.400 -0.320
202009 0.053 111.700 0.055
202012 1.028 111.500 1.062
202103 -0.245 112.662 -0.251
202106 0.637 111.769 0.657
202109 -0.219 112.215 -0.225
202112 0.317 113.108 0.323
202203 -0.108 114.335 -0.109
202206 0.159 114.558 0.160
202209 -0.950 115.339 -0.949
202212 0.929 115.116 0.930
202303 -0.449 115.116 -0.449
202306 -0.006 114.558 -0.006
202309 -0.124 115.339 -0.124
202312 0.973 114.781 0.977
202403 0.164 115.227 0.164

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Goertek  (SZSE:002241) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Goertek's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=16.95/0.14
=121.07

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Goertek was 2705.00. The lowest was 104.50. And the median was 385.98.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Goertek Cyclically Adjusted FCF per Share Related Terms

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


Goertek (SZSE:002241) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goertek Inc (SZSE:002241) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
N/A
Address
No. 268 Dongfang Road, New and High Technology Industrial Development Zone, Weifang, Shandong, CHN, 261031
Goertek Inc is engaged in precision components like acoustics, sensors, optoelectronics, 3D package modules, augmented reality, smart wear, and intelligent audio.
Executives
Jia Jun An Directors, executives
Jiang Bin Director
Sun Hong Bin Supervisors
Duan Hui Lu Directors, executives
Liu Chun Fa Executives
Jiang Long Directors, executives
Yu Da Chao Executives
Gong Jian Tang Directors, executives
Jiang Hong Zhai Executives
Xu Hai Zhong Directors, executives
Xiao Ming Yu Executives
Yao Rong Guo Supervisors
Sun Wei Hua Directors, executives
Song Qing Lin Supervisors
Hu Shuang Mei Executives

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