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Hotel Royal Chihpen Spa Co (ROCO:5704) Cyclically Adjusted FCF per Share : NT$1.68 (As of Mar. 2024)


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What is Hotel Royal Chihpen Spa 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.

Hotel Royal Chihpen Spa Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.735. 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$1.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hotel Royal Chihpen Spa Co's average Cyclically Adjusted FCF Growth Rate was -1.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.80% 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 Hotel Royal Chihpen Spa Co was 14.00% per year. The lowest was 7.80% per year. And the median was 10.90% per year.

As of today (2024-06-10), Hotel Royal Chihpen Spa Co's current stock price is NT$46.70. Hotel Royal Chihpen Spa Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.68. Hotel Royal Chihpen Spa Co's Cyclically Adjusted Price-to-FCF of today is 27.80.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hotel Royal Chihpen Spa Co was 45.00. The lowest was 18.30. And the median was 25.06.


Hotel Royal Chihpen Spa Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hotel Royal Chihpen Spa 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.

Hotel Royal Chihpen Spa Co Cyclically Adjusted FCF per Share Chart

Hotel Royal Chihpen Spa 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 1.12 1.39 1.39 1.66 1.74

Hotel Royal Chihpen Spa 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 1.70 1.70 1.61 1.74 1.68

Competitive Comparison of Hotel Royal Chihpen Spa Co's Cyclically Adjusted FCF per Share

For the Lodging subindustry, Hotel Royal Chihpen Spa 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.


Hotel Royal Chihpen Spa Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hotel Royal Chihpen Spa Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hotel Royal Chihpen Spa Co's Cyclically Adjusted Price-to-FCF falls into.



Hotel Royal Chihpen Spa 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, Hotel Royal Chihpen Spa 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)
=-0.735/131.7762*131.7762
=-0.735

Current CPI (Mar. 2024) = 131.7762.

Hotel Royal Chihpen Spa Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.510 100.560 0.668
201409 0.581 100.428 0.762
201412 0.855 99.070 1.137
201503 0.249 99.621 0.329
201506 0.131 100.684 0.171
201509 -0.093 100.392 -0.122
201512 0.771 99.792 1.018
201603 0.204 100.470 0.268
201606 0.082 101.688 0.106
201609 0.012 101.861 0.016
201612 -0.375 101.863 -0.485
201703 -1.699 102.862 -2.177
201706 0.634 103.349 0.808
201709 -0.745 104.136 -0.943
201712 -0.062 104.011 -0.079
201803 -0.188 105.290 -0.235
201806 0.065 106.317 0.081
201809 0.496 106.507 0.614
201812 0.537 105.998 0.668
201903 0.376 107.251 0.462
201906 0.434 108.070 0.529
201909 0.238 108.329 0.290
201912 1.088 108.420 1.322
202003 -0.089 108.902 -0.108
202006 1.019 108.767 1.235
202009 0.925 109.815 1.110
202012 2.074 109.897 2.487
202103 -0.041 111.754 -0.048
202106 -0.470 114.631 -0.540
202109 0.133 115.734 0.151
202112 1.615 117.630 1.809
202203 0.421 121.301 0.457
202206 0.304 125.017 0.320
202209 1.285 125.227 1.352
202212 1.612 125.222 1.696
202303 0.176 127.348 0.182
202306 0.091 128.729 0.093
202309 -0.026 129.860 -0.026
202312 2.161 129.419 2.200
202403 -0.735 131.776 -0.735

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


Hotel Royal Chihpen Spa Co  (ROCO:5704) 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.

Hotel Royal Chihpen Spa Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=46.70/1.68
=27.80

* 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 Hotel Royal Chihpen Spa Co was 45.00. The lowest was 18.30. And the median was 25.06.


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.


Hotel Royal Chihpen Spa Co Cyclically Adjusted FCF per Share Related Terms

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Hotel Royal Chihpen Spa Co (ROCO:5704) Business Description

Traded in Other Exchanges
N/A
Address
No.23, Lane 113, Long Chuien Road, Wen Chuien Village, Peinan Hsiang, Taitung, TWN, 954
Hotel Royal Chihpen provides lodging and restaurant services in Taiwan. Its hotels and resorts include Hotel Royal Hsinchu, Hotel Royal Chihpen, Hotel Royal Chiaohsi, Hotel Royal-Nikko Taipei and Hotel Royal Beitou, among others.

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