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P-Two Industries (ROCO:6158) Cyclically Adjusted FCF per Share : NT$3.95 (As of Mar. 2024)


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What is P-Two Industries 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.

P-Two Industries's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.184. 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$3.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, P-Two Industries's average Cyclically Adjusted FCF Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -12.80% 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 P-Two Industries was -10.20% per year. The lowest was -12.80% per year. And the median was -11.50% per year.

As of today (2024-05-28), P-Two Industries's current stock price is NT$30.10. P-Two Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$3.95. P-Two Industries's Cyclically Adjusted Price-to-FCF of today is 7.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of P-Two Industries was 10.88. The lowest was 2.65. And the median was 6.51.


P-Two Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for P-Two Industries'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.

P-Two Industries Cyclically Adjusted FCF per Share Chart

P-Two Industries 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 5.35 5.50 4.87 3.87 3.65

P-Two Industries 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 3.77 3.76 3.69 3.65 3.95

Competitive Comparison of P-Two Industries's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, P-Two Industries'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.


P-Two Industries's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

* The bar in red indicates where P-Two Industries's Cyclically Adjusted Price-to-FCF falls into.



P-Two Industries 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, P-Two Industries'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)
=0.184/131.7762*131.7762
=0.184

Current CPI (Mar. 2024) = 131.7762.

P-Two Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.122 100.560 -2.781
201409 2.680 100.428 3.517
201412 3.859 99.070 5.133
201503 1.651 99.621 2.184
201506 1.566 100.684 2.050
201509 1.091 100.392 1.432
201512 3.513 99.792 4.639
201603 2.992 100.470 3.924
201606 2.045 101.688 2.650
201609 1.169 101.861 1.512
201612 2.350 101.863 3.040
201703 0.533 102.862 0.683
201706 1.311 103.349 1.672
201709 0.563 104.136 0.712
201712 0.581 104.011 0.736
201803 -0.371 105.290 -0.464
201806 0.478 106.317 0.592
201809 0.307 106.507 0.380
201812 1.229 105.998 1.528
201903 -0.247 107.251 -0.303
201906 0.564 108.070 0.688
201909 -0.253 108.329 -0.308
201912 -0.312 108.420 -0.379
202003 -0.677 108.902 -0.819
202006 -0.315 108.767 -0.382
202009 -0.113 109.815 -0.136
202012 0.201 109.897 0.241
202103 -1.255 111.754 -1.480
202106 0.271 114.631 0.312
202109 0.650 115.734 0.740
202112 1.900 117.630 2.129
202203 0.010 121.301 0.011
202206 0.204 125.017 0.215
202209 1.538 125.227 1.618
202212 2.055 125.222 2.163
202303 0.084 127.348 0.087
202306 -0.114 128.729 -0.117
202309 0.012 129.860 0.012
202312 1.844 129.419 1.878
202403 0.184 131.776 0.184

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


P-Two Industries  (ROCO:6158) 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.

P-Two Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=30.10/3.95
=7.62

* 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 P-Two Industries was 10.88. The lowest was 2.65. And the median was 6.51.


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.


P-Two Industries Cyclically Adjusted FCF per Share Related Terms

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


P-Two Industries (ROCO:6158) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No 9 Shin Hwa Road, Kwei Shan Ind Park, Taoyuan, TWN, 330
P-Two Industries Inc is engaged in the manufacture and sale of precision terminals and connectors in Taiwan and China. Its products include FPC connector, mobile phone connector, LVDS wire to board connector, memory card connector, flexible flat cable and metal dome.

P-Two Industries (ROCO:6158) Headlines

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