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TYC Brother Industrial Co (TPE:1522) Cyclically Adjusted FCF per Share : NT$0.53 (As of Mar. 2024)


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What is TYC Brother Industrial 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.

TYC Brother Industrial Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.317. 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$0.53 for the trailing ten years ended in Mar. 2024.

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 TYC Brother Industrial Co was 23.50% per year. The lowest was 23.50% per year. And the median was 23.50% per year.

As of today (2024-06-12), TYC Brother Industrial Co's current stock price is NT$66.80. TYC Brother Industrial Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.53. TYC Brother Industrial Co's Cyclically Adjusted Price-to-FCF of today is 126.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TYC Brother Industrial Co was 546.88. The lowest was 90.49. And the median was 124.41.


TYC Brother Industrial Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TYC Brother Industrial 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.

TYC Brother Industrial Co Cyclically Adjusted FCF per Share Chart

TYC Brother Industrial 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 -0.87 -0.53 -0.66 -0.39 0.41

TYC Brother Industrial 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 -0.11 0.08 0.32 0.41 0.53

Competitive Comparison of TYC Brother Industrial Co's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, TYC Brother Industrial 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.


TYC Brother Industrial Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TYC Brother Industrial Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TYC Brother Industrial Co's Cyclically Adjusted Price-to-FCF falls into.



TYC Brother Industrial 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, TYC Brother Industrial 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)
=-0.317/131.7762*131.7762
=-0.317

Current CPI (Mar. 2024) = 131.7762.

TYC Brother Industrial Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.759 100.560 0.995
201409 -0.938 100.428 -1.231
201412 -0.008 99.070 -0.011
201503 -0.288 99.621 -0.381
201506 -0.212 100.684 -0.277
201509 -0.712 100.392 -0.935
201512 -0.006 99.792 -0.008
201603 0.613 100.470 0.804
201606 -0.097 101.688 -0.126
201609 0.543 101.861 0.702
201612 -0.107 101.863 -0.138
201703 -0.758 102.862 -0.971
201706 0.565 103.349 0.720
201709 -0.241 104.136 -0.305
201712 -1.347 104.011 -1.707
201803 -1.286 105.290 -1.610
201806 -0.517 106.317 -0.641
201809 0.445 106.507 0.551
201812 0.482 105.998 0.599
201903 -0.790 107.251 -0.971
201906 -0.480 108.070 -0.585
201909 0.257 108.329 0.313
201912 0.973 108.420 1.183
202003 -0.493 108.902 -0.597
202006 0.406 108.767 0.492
202009 2.772 109.815 3.326
202012 2.396 109.897 2.873
202103 -2.067 111.754 -2.437
202106 0.844 114.631 0.970
202109 -0.438 115.734 -0.499
202112 -0.508 117.630 -0.569
202203 -2.282 121.301 -2.479
202206 0.700 125.017 0.738
202209 0.514 125.227 0.541
202212 1.134 125.222 1.193
202303 2.127 127.348 2.201
202306 1.199 128.729 1.227
202309 1.759 129.860 1.785
202312 0.902 129.419 0.918
202403 -0.317 131.776 -0.317

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


TYC Brother Industrial Co  (TPE:1522) 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.

TYC Brother Industrial Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=66.80/0.53
=126.04

* 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 TYC Brother Industrial Co was 546.88. The lowest was 90.49. And the median was 124.41.


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.


TYC Brother Industrial Co Cyclically Adjusted FCF per Share Related Terms

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


TYC Brother Industrial Co (TPE:1522) Business Description

Traded in Other Exchanges
N/A
Address
No. 72-2, Xinle Road, An-Ping Industrial District, Tainan, TWN, 70248
TYC Brother Industrial Co Ltd is a Taiwan based company engaged in the manufacturing, trading, and import and export trade business of automobiles, motorcycles, and other automobile parts and supplies Its products include automobile lamps, motorcycle lamps, automobile mirrors, air conditioning blowers, cooling fan assemblies, condensers, radars, starters, alternators, cabin air filters, and window regulators, among others.

TYC Brother Industrial Co (TPE:1522) Headlines

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