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Integrated Service Technology (ROCO:3289) Cyclically Adjusted FCF per Share : NT$-8.32 (As of Mar. 2024)


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What is Integrated Service Technology 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.

Integrated Service Technology's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$1.108. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-8.32 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.70% 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 Integrated Service Technology was -0.70% per year. The lowest was -8.70% per year. And the median was -4.70% per year.

As of today (2024-06-04), Integrated Service Technology's current stock price is NT$129.00. Integrated Service Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-8.32. Integrated Service Technology's Cyclically Adjusted Price-to-FCF of today is .


Integrated Service Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Integrated Service Technology'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.

Integrated Service Technology Cyclically Adjusted FCF per Share Chart

Integrated Service Technology 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 -7.39 -6.33 -6.78 -7.55 -8.12

Integrated Service Technology 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 -7.79 -7.94 -8.20 -8.12 -8.32

Competitive Comparison of Integrated Service Technology's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Integrated Service Technology'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.


Integrated Service Technology's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Integrated Service Technology 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, Integrated Service Technology'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)
=1.108/131.7762*131.7762
=1.108

Current CPI (Mar. 2024) = 131.7762.

Integrated Service Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.131 100.560 -0.172
201409 -2.178 100.428 -2.858
201412 0.946 99.070 1.258
201503 -1.766 99.621 -2.336
201506 -2.776 100.684 -3.633
201509 -3.894 100.392 -5.111
201512 -5.588 99.792 -7.379
201603 -3.088 100.470 -4.050
201606 -2.542 101.688 -3.294
201609 -3.842 101.861 -4.970
201612 -6.264 101.863 -8.104
201703 -12.385 102.862 -15.866
201706 -5.469 103.349 -6.973
201709 -8.032 104.136 -10.164
201712 -14.141 104.011 -17.916
201803 -4.697 105.290 -5.879
201806 -5.348 106.317 -6.629
201809 -2.772 106.507 -3.430
201812 -2.825 105.998 -3.512
201903 1.080 107.251 1.327
201906 1.545 108.070 1.884
201909 1.821 108.329 2.215
201912 0.971 108.420 1.180
202003 1.736 108.902 2.101
202006 1.264 108.767 1.531
202009 2.342 109.815 2.810
202012 2.977 109.897 3.570
202103 2.770 111.754 3.266
202106 -1.831 114.631 -2.105
202109 -0.245 115.734 -0.279
202112 2.214 117.630 2.480
202203 0.168 121.301 0.183
202206 2.336 125.017 2.462
202209 1.082 125.227 1.139
202212 1.232 125.222 1.296
202303 -1.272 127.348 -1.316
202306 0.109 128.729 0.112
202309 -0.887 129.860 -0.900
202312 3.664 129.419 3.731
202403 1.108 131.776 1.108

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


Integrated Service Technology  (ROCO:3289) 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.


Integrated Service Technology Cyclically Adjusted FCF per Share Related Terms

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


Integrated Service Technology (ROCO:3289) Business Description

Traded in Other Exchanges
N/A
Address
No. 22 Puding Road, 1st Floor, East District, Hsin-Chu, TWN, 300047
Integrated Service Technology Inc engages in research, development, and manufacturing of integrated circuits, analysis, burn-in, testing, the import and export of semiconductor parts and relevant equipment, electronic parts, computer, and computer components. The company offers verification and quality assurance services for IC components and modules. Its services include focus Ion Beam, engineering sample preparation, failure analysis, debugging, reliability test material analysis, and others.

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