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Johnson Health Tech Co (TPE:1736) Cyclically Adjusted FCF per Share : NT$0.99 (As of Mar. 2024)


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What is Johnson Health Tech 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.

Johnson Health Tech Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.994. 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$0.99 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -19.80% 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 Johnson Health Tech Co was -19.80% per year. The lowest was -19.80% per year. And the median was -19.80% per year.

As of today (2024-06-12), Johnson Health Tech Co's current stock price is NT$88.00. Johnson Health Tech Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.99. Johnson Health Tech Co's Cyclically Adjusted Price-to-FCF of today is 88.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Johnson Health Tech Co was 975.00. The lowest was 55.57. And the median was 99.40.


Johnson Health Tech Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Johnson Health Tech 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.

Johnson Health Tech Co Cyclically Adjusted FCF per Share Chart

Johnson Health Tech 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 0.64 1.30 -0.10 -0.11 0.67

Johnson Health Tech 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 -0.28 -0.15 0.08 0.67 0.99

Competitive Comparison of Johnson Health Tech Co's Cyclically Adjusted FCF per Share

For the Leisure subindustry, Johnson Health Tech 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.


Johnson Health Tech Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Johnson Health Tech Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Johnson Health Tech Co's Cyclically Adjusted Price-to-FCF falls into.



Johnson Health Tech 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, Johnson Health Tech 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)
=0.994/131.7762*131.7762
=0.994

Current CPI (Mar. 2024) = 131.7762.

Johnson Health Tech Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.118 100.560 6.707
201409 2.110 100.428 2.769
201412 -0.180 99.070 -0.239
201503 0.382 99.621 0.505
201506 -0.813 100.684 -1.064
201509 -3.400 100.392 -4.463
201512 1.773 99.792 2.341
201603 0.223 100.470 0.292
201606 0.408 101.688 0.529
201609 2.462 101.861 3.185
201612 -2.289 101.863 -2.961
201703 -2.341 102.862 -2.999
201706 -2.597 103.349 -3.311
201709 0.124 104.136 0.157
201712 1.464 104.011 1.855
201803 -0.797 105.290 -0.997
201806 0.020 106.317 0.025
201809 -0.254 106.507 -0.314
201812 2.180 105.998 2.710
201903 0.501 107.251 0.616
201906 -2.610 108.070 -3.183
201909 0.174 108.329 0.212
201912 2.694 108.420 3.274
202003 0.314 108.902 0.380
202006 2.350 108.767 2.847
202009 0.630 109.815 0.756
202012 3.657 109.897 4.385
202103 -2.423 111.754 -2.857
202106 -6.166 114.631 -7.088
202109 -5.295 115.734 -6.029
202112 0.506 117.630 0.567
202203 -0.321 121.301 -0.349
202206 0.270 125.017 0.285
202209 -4.014 125.227 -4.224
202212 3.891 125.222 4.095
202303 -2.247 127.348 -2.325
202306 2.446 128.729 2.504
202309 2.477 129.860 2.514
202312 7.675 129.419 7.815
202403 0.994 131.776 0.994

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


Johnson Health Tech Co  (TPE:1736) 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.

Johnson Health Tech Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=88.00/0.99
=88.89

* 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 Johnson Health Tech Co was 975.00. The lowest was 55.57. And the median was 99.40.


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.


Johnson Health Tech Co Cyclically Adjusted FCF per Share Related Terms

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


Johnson Health Tech Co (TPE:1736) Business Description

Traded in Other Exchanges
N/A
Address
No. 999, Dongda Road, Section 2, Daya District, Taichung, TWN, 428
Johnson Health Tech Co Ltd is a producer of fitness equipment. The company operates several brands including Matrix, Vision Fitness, Horizon Fitness, Treo Fitness, and Tempo Fitness. Johnson Health Tech produces equipment for both home and commercial gyms. The firm has four reporting segments which include American, European, Asian, and other. The majority of the revenue derives from the American segment which is In charge of selling cardiovascular equipment and research and development of training equipment in America.

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