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Quanta Computer (TPE:2382) Cyclically Adjusted FCF per Share : NT$5.62 (As of Mar. 2024)


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What is Quanta Computer 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.

Quanta Computer's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$5.484. 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 NT$5.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Quanta Computer's average Cyclically Adjusted FCF Growth Rate was 35.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.90% 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 Quanta Computer was 22.50% per year. The lowest was 1.60% per year. And the median was 7.10% per year.

As of today (2024-06-09), Quanta Computer's current stock price is NT$273.00. Quanta Computer's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$5.62. Quanta Computer's Cyclically Adjusted Price-to-FCF of today is 48.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Quanta Computer was 62.38. The lowest was 14.08. And the median was 21.23.


Quanta Computer Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Quanta Computer'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.

Quanta Computer Cyclically Adjusted FCF per Share Chart

Quanta Computer 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 3.18 5.23 4.78 3.91 5.48

Quanta Computer 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 4.15 4.27 4.08 5.48 5.62

Competitive Comparison of Quanta Computer's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Quanta Computer'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.


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

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

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



Quanta Computer 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, Quanta Computer'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)
=5.484/131.7762*131.7762
=5.484

Current CPI (Mar. 2024) = 131.7762.

Quanta Computer Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.662 100.560 -0.868
201409 1.451 100.428 1.904
201412 -5.133 99.070 -6.828
201503 -2.903 99.621 -3.840
201506 -0.523 100.684 -0.685
201509 0.300 100.392 0.394
201512 1.761 99.792 2.325
201603 12.347 100.470 16.194
201606 -0.496 101.688 -0.643
201609 3.587 101.861 4.640
201612 -4.621 101.863 -5.978
201703 8.410 102.862 10.774
201706 -7.680 103.349 -9.792
201709 0.159 104.136 0.201
201712 -4.662 104.011 -5.906
201803 5.262 105.290 6.586
201806 0.305 106.317 0.378
201809 0.364 106.507 0.450
201812 -4.956 105.998 -6.161
201903 -1.585 107.251 -1.947
201906 4.094 108.070 4.992
201909 -1.521 108.329 -1.850
201912 6.856 108.420 8.333
202003 7.378 108.902 8.928
202006 -6.487 108.767 -7.859
202009 5.864 109.815 7.037
202012 10.430 109.897 12.507
202103 -14.840 111.754 -17.499
202106 -4.133 114.631 -4.751
202109 8.614 115.734 9.808
202112 1.167 117.630 1.307
202203 -8.744 121.301 -9.499
202206 2.773 125.017 2.923
202209 6.112 125.227 6.432
202212 -1.624 125.222 -1.709
202303 8.898 127.348 9.207
202306 8.667 128.729 8.872
202309 2.283 129.860 2.317
202312 9.802 129.419 9.980
202403 5.484 131.776 5.484

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


Quanta Computer  (TPE:2382) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=273.00/5.62
=48.58

* 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 Quanta Computer was 62.38. The lowest was 14.08. And the median was 21.23.


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.


Quanta Computer Cyclically Adjusted FCF per Share Related Terms

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


Quanta Computer (TPE:2382) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 188, Wenhua 2nd Road, Guishan District, Taoyuan, TWN, 33377
Quanta Computer Inc is an original design manufacturer of notebook computers and electronic hardware for use in communication, networking, consumer electronics, auto electronics, and cloud computing solutions. Its products include enterprise network systems, home entertainment systems, rack-mount servers, data center networking switches, high-density storage solutions, encoding cameras, and smart home devices. Most of the firm's revenue is generated in the American region, with the rest coming from countries across the world.

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