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United Alloy-Tech Co (ROCO:3162) Cyclically Adjusted FCF per Share : NT$-3.96 (As of Mar. 2024)


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What is United Alloy-Tech Co 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.

United Alloy-Tech Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-2.641. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-3.96 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -112.80% 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 United Alloy-Tech Co was -68.00% per year. The lowest was -112.80% per year. And the median was -90.40% per year.

As of today (2024-06-09), United Alloy-Tech Co's current stock price is NT$33.10. United Alloy-Tech Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-3.96. United Alloy-Tech Co's Cyclically Adjusted Price-to-FCF of today is .


United Alloy-Tech Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for United Alloy-Tech Co'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.

United Alloy-Tech Co Cyclically Adjusted FCF per Share Chart

United Alloy-Tech Co 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 -0.66 -0.38 -0.66 -3.13 -3.66

United Alloy-Tech 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 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 -3.56 -3.66 -3.40 -3.66 -3.96

Competitive Comparison of United Alloy-Tech Co's Cyclically Adjusted FCF per Share

For the Metal Fabrication subindustry, United Alloy-Tech 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.


United Alloy-Tech Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

* The bar in red indicates where United Alloy-Tech Co's Cyclically Adjusted Price-to-FCF falls into.



United Alloy-Tech Co 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, United Alloy-Tech 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)
=-2.641/131.7762*131.7762
=-2.641

Current CPI (Mar. 2024) = 131.7762.

United Alloy-Tech Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.395 100.560 -0.518
201409 -0.306 100.428 -0.402
201412 0.045 99.070 0.060
201503 0.701 99.621 0.927
201506 0.157 100.684 0.205
201509 0.156 100.392 0.205
201512 -0.216 99.792 -0.285
201603 -0.256 100.470 -0.336
201606 0.081 101.688 0.105
201609 0.209 101.861 0.270
201612 0.699 101.863 0.904
201703 -0.053 102.862 -0.068
201706 0.448 103.349 0.571
201709 0.078 104.136 0.099
201712 0.238 104.011 0.302
201803 -0.169 105.290 -0.212
201806 -0.184 106.317 -0.228
201809 -0.739 106.507 -0.914
201812 0.319 105.998 0.397
201903 -0.220 107.251 -0.270
201906 0.095 108.070 0.116
201909 -0.475 108.329 -0.578
201912 -0.216 108.420 -0.263
202003 0.197 108.902 0.238
202006 -0.030 108.767 -0.036
202009 0.591 109.815 0.709
202012 -0.598 109.897 -0.717
202103 -0.397 111.754 -0.468
202106 -0.714 114.631 -0.821
202109 0.456 115.734 0.519
202112 -0.911 117.630 -1.021
202203 -10.495 121.301 -11.401
202206 -5.394 125.017 -5.686
202209 -5.336 125.227 -5.615
202212 -6.364 125.222 -6.697
202303 -3.162 127.348 -3.272
202306 -0.894 128.729 -0.915
202309 -0.054 129.860 -0.055
202312 -1.738 129.419 -1.770
202403 -2.641 131.776 -2.641

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


United Alloy-Tech Co  (ROCO:3162) 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.


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.


United Alloy-Tech Co Cyclically Adjusted FCF per Share Related Terms

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


United Alloy-Tech Co (ROCO:3162) Business Description

Traded in Other Exchanges
N/A
Address
No.938, Zhongxing Road, She- Tzu Village, Xinwu District, Taoyuan, TWN, 32746
United Alloy-Tech Co Ltd mainly engages in the forging of aluminum alloys, die-casting, the production and processing of molds, and the production and sales business of auto parts. The company has two segments Aluminum alloy materials division and the Foam tapes division. Its product pipeline includes Aluminum Alloy 2-7 series, Front Fork End and Crown, Dropout, Riching Dropout, Mountain Bike Dropout, Yoke, Motor Mount, Hanger, and others. Geographically company generates the majority of its revenue from China.

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