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Asia Cement (TPE:1102) Cyclically Adjusted Price-to-FCF : 11.43 (As of May. 08, 2024)


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What is Asia Cement Cyclically Adjusted Price-to-FCF?

As of today (2024-05-08), Asia Cement's current share price is NT$43.90. Asia Cement's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$3.84. Asia Cement's Cyclically Adjusted Price-to-FCF for today is 11.43.

The historical rank and industry rank for Asia Cement's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:1102' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.09   Med: 12.33   Max: 20.76
Current: 11.44

During the past years, Asia Cement's highest Cyclically Adjusted Price-to-FCF was 20.76. The lowest was 9.09. And the median was 12.33.

TPE:1102's Cyclically Adjusted Price-to-FCF is ranked better than
62.44% of 197 companies
in the Building Materials industry
Industry Median: 15.71 vs TPE:1102: 11.44

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.

Asia Cement's adjusted free cash flow per share data for the three months ended in Dec. 2023 was NT$0.752. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is NT$3.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Cement Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asia Cement's Cyclically Adjusted Price-to-FCF 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.

Asia Cement Cyclically Adjusted Price-to-FCF Chart

Asia Cement Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.98 12.43 12.27 10.63 10.79

Asia Cement Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 10.63 11.48 11.85 9.96 10.79

Competitive Comparison of Asia Cement's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, Asia Cement'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.


Asia Cement's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Asia Cement Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Asia Cement's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=43.90/3.84
=11.43

* 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.

Asia Cement's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Asia Cement's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.752/129.4194*129.4194
=0.752

Current CPI (Dec. 2023) = 129.4194.

Asia Cement Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.098 99.695 -1.425
201406 1.424 100.560 1.833
201409 1.123 100.428 1.447
201412 0.539 99.070 0.704
201503 -0.166 99.621 -0.216
201506 0.762 100.684 0.979
201509 1.806 100.392 2.328
201512 0.567 99.792 0.735
201603 0.760 100.470 0.979
201606 1.138 101.688 1.448
201609 1.471 101.861 1.869
201612 0.269 101.863 0.342
201703 -0.181 102.862 -0.228
201706 0.299 103.349 0.374
201709 0.847 104.136 1.053
201712 1.244 104.011 1.548
201803 0.136 105.290 0.167
201806 0.487 106.317 0.593
201809 0.409 106.507 0.497
201812 0.963 105.998 1.176
201903 1.697 107.251 2.048
201906 2.132 108.070 2.553
201909 4.165 108.329 4.976
201912 2.256 108.420 2.693
202003 0.147 108.902 0.175
202006 1.222 108.767 1.454
202009 1.186 109.815 1.398
202012 0.276 109.897 0.325
202103 0.359 111.754 0.416
202106 1.195 114.631 1.349
202109 0.526 115.734 0.588
202112 -0.530 117.630 -0.583
202203 -0.016 121.301 -0.017
202206 1.310 125.017 1.356
202209 1.771 125.227 1.830
202212 0.739 125.222 0.764
202303 -2.439 127.348 -2.479
202306 0.342 128.729 0.344
202309 2.280 129.860 2.272
202312 0.752 129.419 0.752

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


Asia Cement  (TPE:1102) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Asia Cement Cyclically Adjusted Price-to-FCF Related Terms

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


Asia Cement (TPE:1102) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106
Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

Asia Cement (TPE:1102) Headlines

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