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Yageo (TPE:2327) Cyclically Adjusted FCF per Share : NT$37.31 (As of Mar. 2024)


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What is Yageo 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.

Yageo's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$11.265. 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$37.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yageo's average Cyclically Adjusted FCF Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.70% 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 Yageo was 14.70% per year. The lowest was 14.60% per year. And the median was 14.65% per year.

As of today (2024-06-08), Yageo's current stock price is NT$678.00. Yageo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$37.31. Yageo's Cyclically Adjusted Price-to-FCF of today is 18.17.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yageo was 32.44. The lowest was 10.45. And the median was 17.21.


Yageo Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yageo'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.

Yageo Cyclically Adjusted FCF per Share Chart

Yageo 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 21.95 23.59 28.56 33.04 35.56

Yageo 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 33.33 34.28 34.95 35.56 37.31

Competitive Comparison of Yageo's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Yageo'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.


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

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

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



Yageo 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, Yageo'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)
=11.265/131.7762*131.7762
=11.265

Current CPI (Mar. 2024) = 131.7762.

Yageo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.423 100.560 4.486
201409 1.509 100.428 1.980
201412 5.103 99.070 6.788
201503 1.999 99.621 2.644
201506 0.906 100.684 1.186
201509 2.091 100.392 2.745
201512 6.486 99.792 8.565
201603 6.332 100.470 8.305
201606 3.222 101.688 4.175
201609 2.140 101.861 2.768
201612 3.936 101.863 5.092
201703 2.218 102.862 2.841
201706 0.321 103.349 0.409
201709 2.832 104.136 3.584
201712 3.072 104.011 3.892
201803 3.259 105.290 4.079
201806 13.760 106.317 17.055
201809 24.349 106.507 30.126
201812 53.490 105.998 66.499
201903 16.018 107.251 19.681
201906 -8.487 108.070 -10.349
201909 8.232 108.329 10.014
201912 1.532 108.420 1.862
202003 6.145 108.902 7.436
202006 3.971 108.767 4.811
202009 9.306 109.815 11.167
202012 7.246 109.897 8.689
202103 4.390 111.754 5.177
202106 9.662 114.631 11.107
202109 11.214 115.734 12.768
202112 15.372 117.630 17.221
202203 8.770 121.301 9.527
202206 5.106 125.017 5.382
202209 22.698 125.227 23.885
202212 11.820 125.222 12.439
202303 1.790 127.348 1.852
202306 8.621 128.729 8.825
202309 9.899 129.860 10.045
202312 12.872 129.419 13.106
202403 11.265 131.776 11.265

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


Yageo  (TPE:2327) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=678.00/37.31
=18.17

* 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 Yageo was 32.44. The lowest was 10.45. And the median was 17.21.


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.


Yageo Cyclically Adjusted FCF per Share Related Terms

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


Yageo (TPE:2327) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yageo Corp (TPE:2327) » Definitions » Cyclically Adjusted FCF per Share
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Address
No. 233-1, Baoqiao Road, 3rd Floor, Xindian District, New Taipei, TWN, 23145
Yageo produces passive components for electronic devices. Passive components are necessary for all electronic circuits; they are used to stabilize and control electric flow and remove electromagnetic noise from the circuit. Yageo's main products are multilayer ceramic capacitors, chip resistors, inductors, and tantalum capacitors, which are ranked third, first, third, and first in global production volume, respectively.

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