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K Laser Technology (TPE:2461) Cyclically Adjusted FCF per Share : NT$1.25 (As of Mar. 2024)


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What is K Laser Technology 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.

K Laser Technology's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.677. 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$1.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, K Laser Technology's average Cyclically Adjusted FCF Growth Rate was -12.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.40% 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 K Laser Technology was -1.90% per year. The lowest was -8.40% per year. And the median was -5.15% per year.

As of today (2024-06-01), K Laser Technology's current stock price is NT$25.20. K Laser Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.25. K Laser Technology's Cyclically Adjusted Price-to-FCF of today is 20.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of K Laser Technology was 20.68. The lowest was 7.56. And the median was 12.03.


K Laser Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for K Laser Technology'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.

K Laser Technology Cyclically Adjusted FCF per Share Chart

K Laser Technology 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 1.62 1.73 1.81 1.53 1.33

K Laser Technology 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 1.42 1.42 1.40 1.33 1.25

Competitive Comparison of K Laser Technology's Cyclically Adjusted FCF per Share

For the Packaging & Containers subindustry, K Laser Technology'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.


K Laser Technology's Cyclically Adjusted Price-to-FCF Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, K Laser Technology's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



K Laser Technology 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, K Laser Technology'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)
=-1.677/131.7762*131.7762
=-1.677

Current CPI (Mar. 2024) = 131.7762.

K Laser Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.694 100.560 0.909
201409 0.054 100.428 0.071
201412 -0.253 99.070 -0.337
201503 0.235 99.621 0.311
201506 0.941 100.684 1.232
201509 -0.430 100.392 -0.564
201512 2.352 99.792 3.106
201603 0.121 100.470 0.159
201606 1.266 101.688 1.641
201609 0.525 101.861 0.679
201612 0.303 101.863 0.392
201703 1.113 102.862 1.426
201706 0.795 103.349 1.014
201709 0.338 104.136 0.428
201712 0.566 104.011 0.717
201803 1.382 105.290 1.730
201806 0.281 106.317 0.348
201809 -0.885 106.507 -1.095
201812 -0.140 105.998 -0.174
201903 -0.117 107.251 -0.144
201906 1.552 108.070 1.892
201909 0.774 108.329 0.942
201912 0.141 108.420 0.171
202003 0.158 108.902 0.191
202006 0.811 108.767 0.983
202009 0.544 109.815 0.653
202012 -0.077 109.897 -0.092
202103 0.406 111.754 0.479
202106 0.386 114.631 0.444
202109 -0.325 115.734 -0.370
202112 -0.725 117.630 -0.812
202203 -2.740 121.301 -2.977
202206 1.213 125.017 1.279
202209 0.284 125.227 0.299
202212 0.268 125.222 0.282
202303 -1.456 127.348 -1.507
202306 1.072 128.729 1.097
202309 -0.674 129.860 -0.684
202312 0.063 129.419 0.064
202403 -1.677 131.776 -1.677

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


K Laser Technology  (TPE:2461) 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.

K Laser Technology's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=25.20/1.25
=20.16

* 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 K Laser Technology was 20.68. The lowest was 7.56. And the median was 12.03.


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.


K Laser Technology Cyclically Adjusted FCF per Share Related Terms

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


K Laser Technology (TPE:2461) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Li Hsin 6th Road, Hsinchu Science Park, Hsinchu, TWN
K Laser Technology Inc is engaged in the manufacturing of holographic security labels. Its product offerings include holographic films, holographic paper products, and hot & cold foils ,lamination paper, transfer paper, The company's geographical segments are China, Other regions of Asia, and Others. The business income of the group mainly comes from the manufacture of laser holographic films, laser anti-counterfeiting labels, laser paper, and optical instruments.

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