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Chang Type Industrial Co (TPE:1541) Cyclically Adjusted Price-to-FCF : 12.68 (As of Jun. 10, 2024)


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What is Chang Type Industrial Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Chang Type Industrial Co's current share price is NT$31.70. Chang Type Industrial Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.50. Chang Type Industrial Co's Cyclically Adjusted Price-to-FCF for today is 12.68.

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

TPE:1541' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.6   Med: 54.16   Max: 4000
Current: 12.67

During the past years, Chang Type Industrial Co's highest Cyclically Adjusted Price-to-FCF was 4000.00. The lowest was 12.60. And the median was 54.16.

TPE:1541's Cyclically Adjusted Price-to-FCF is ranked better than
85.26% of 1031 companies
in the Industrial Products industry
Industry Median: 31.99 vs TPE:1541: 12.67

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.

Chang Type Industrial Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$2.265. 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$2.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chang Type Industrial Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chang Type Industrial Co'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.

Chang Type Industrial Co Cyclically Adjusted Price-to-FCF Chart

Chang Type Industrial Co 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 145.38 125.34 121.22 18.42 15.77

Chang Type Industrial Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.16 18.37 14.64 15.77 12.65

Competitive Comparison of Chang Type Industrial Co's Cyclically Adjusted Price-to-FCF

For the Tools & Accessories subindustry, Chang Type Industrial Co'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.


Chang Type Industrial Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chang Type Industrial Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chang Type Industrial Co's Cyclically Adjusted Price-to-FCF falls into.



Chang Type Industrial Co 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.

Chang Type Industrial Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.70/2.5
=12.68

* 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.

Chang Type Industrial Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Chang Type Industrial Co'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)
=2.265/131.7762*131.7762
=2.265

Current CPI (Mar. 2024) = 131.7762.

Chang Type Industrial Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.058 100.560 0.076
201409 -0.156 100.428 -0.205
201412 0.246 99.070 0.327
201503 1.061 99.621 1.403
201506 1.561 100.684 2.043
201509 -0.652 100.392 -0.856
201512 1.567 99.792 2.069
201603 0.992 100.470 1.301
201606 -0.574 101.688 -0.744
201609 0.609 101.861 0.788
201612 1.501 101.863 1.942
201703 -0.925 102.862 -1.185
201706 1.231 103.349 1.570
201709 -0.256 104.136 -0.324
201712 -0.453 104.011 -0.574
201803 2.403 105.290 3.008
201806 0.396 106.317 0.491
201809 0.216 106.507 0.267
201812 -1.312 105.998 -1.631
201903 1.779 107.251 2.186
201906 -1.509 108.070 -1.840
201909 2.476 108.329 3.012
201912 2.161 108.420 2.627
202003 2.040 108.902 2.469
202006 -0.765 108.767 -0.927
202009 -0.420 109.815 -0.504
202012 1.103 109.897 1.323
202103 -0.367 111.754 -0.433
202106 -2.465 114.631 -2.834
202109 -4.374 115.734 -4.980
202112 -1.955 117.630 -2.190
202203 0.890 121.301 0.967
202206 2.730 125.017 2.878
202209 6.635 125.227 6.982
202212 3.712 125.222 3.906
202303 1.372 127.348 1.420
202306 -2.144 128.729 -2.195
202309 1.642 129.860 1.666
202312 -0.537 129.419 -0.547
202403 2.265 131.776 2.265

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.


Chang Type Industrial Co  (TPE:1541) 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.


Chang Type Industrial Co Cyclically Adjusted Price-to-FCF Related Terms

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


Chang Type Industrial Co (TPE:1541) Business Description

Traded in Other Exchanges
N/A
Address
No 41, Nan-Tsuen Road, Ho-Li, Taichung, TWN, 42127
Chang Type Industrial Co Ltd engages in manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. The Company is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.. The company's products include miter saws, scroll saws, radial arm saws and band saws and also manufacture motors, IC controls boards for power tools.

Chang Type Industrial Co (TPE:1541) Headlines

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