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Leo Systems (ROCO:5410) Cyclically Adjusted FCF per Share : NT$2.39 (As of Mar. 2024)


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What is Leo Systems 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.

Leo Systems's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.355. 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$2.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Leo Systems's average Cyclically Adjusted FCF Growth Rate was 86.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.10% 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 Leo Systems was 15.10% per year. The lowest was 0.50% per year. And the median was 7.80% per year.

As of today (2024-06-11), Leo Systems's current stock price is NT$39.95. Leo Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.39. Leo Systems's Cyclically Adjusted Price-to-FCF of today is 16.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Leo Systems was 29.61. The lowest was 12.06. And the median was 15.70.


Leo Systems Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Leo Systems'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.

Leo Systems Cyclically Adjusted FCF per Share Chart

Leo Systems 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 1.26 1.56 1.63 1.28 2.38

Leo Systems 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 1.28 2.01 2.08 2.38 2.39

Competitive Comparison of Leo Systems's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Leo Systems'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.


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

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

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



Leo Systems 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, Leo Systems'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)
=-1.355/131.7762*131.7762
=-1.355

Current CPI (Mar. 2024) = 131.7762.

Leo Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.011 100.560 0.014
201409 1.105 100.428 1.450
201412 0.294 99.070 0.391
201503 -0.110 99.621 -0.146
201506 0.640 100.684 0.838
201509 0.308 100.392 0.404
201512 1.130 99.792 1.492
201603 -1.152 100.470 -1.511
201606 -0.259 101.688 -0.336
201609 1.257 101.861 1.626
201612 2.004 101.863 2.593
201703 -0.919 102.862 -1.177
201706 1.324 103.349 1.688
201709 -0.787 104.136 -0.996
201712 0.372 104.011 0.471
201803 0.070 105.290 0.088
201806 -0.302 106.317 -0.374
201809 -0.057 106.507 -0.071
201812 3.394 105.998 4.219
201903 0.326 107.251 0.401
201906 0.528 108.070 0.644
201909 -2.623 108.329 -3.191
201912 4.796 108.420 5.829
202003 -1.470 108.902 -1.779
202006 -0.382 108.767 -0.463
202009 -0.273 109.815 -0.328
202012 2.560 109.897 3.070
202103 1.623 111.754 1.914
202106 -1.559 114.631 -1.792
202109 -0.862 115.734 -0.981
202112 1.427 117.630 1.599
202203 0.692 121.301 0.752
202206 1.766 125.017 1.861
202209 -2.270 125.227 -2.389
202212 -2.740 125.222 -2.883
202303 -0.518 127.348 -0.536
202306 6.134 128.729 6.279
202309 1.849 129.860 1.876
202312 4.599 129.419 4.683
202403 -1.355 131.776 -1.355

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


Leo Systems  (ROCO:5410) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=39.95/2.39
=16.72

* 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 Leo Systems was 29.61. The lowest was 12.06. And the median was 15.70.


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.


Leo Systems Cyclically Adjusted FCF per Share Related Terms

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


Leo Systems (ROCO:5410) Business Description

Industry
Traded in Other Exchanges
N/A
Address
298 Yang Guang Street, 3rd Floor, Neihu District, Taipei, TWN, 11491
Leo Systems Inc is mainly engaged in the sales of information software and hardware products, software planning and design, computer hardware maintenance services, and system integration.

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