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Taiwan Styrene Monomer (TPE:1310) Cyclically Adjusted Price-to-FCF : 14.62 (As of Jun. 01, 2024)


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What is Taiwan Styrene Monomer Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), Taiwan Styrene Monomer's current share price is NT$13.45. Taiwan Styrene Monomer's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.92. Taiwan Styrene Monomer's Cyclically Adjusted Price-to-FCF for today is 14.62.

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

TPE:1310' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.66   Med: 14.72   Max: 24.66
Current: 15.04

During the past years, Taiwan Styrene Monomer's highest Cyclically Adjusted Price-to-FCF was 24.66. The lowest was 8.66. And the median was 14.72.

TPE:1310's Cyclically Adjusted Price-to-FCF is ranked better than
68.29% of 574 companies
in the Chemicals industry
Industry Median: 24.185 vs TPE:1310: 15.04

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.

Taiwan Styrene Monomer's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.225. 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$0.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Styrene Monomer Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Taiwan Styrene Monomer'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.

Taiwan Styrene Monomer Cyclically Adjusted Price-to-FCF Chart

Taiwan Styrene Monomer 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 19.26 16.56 13.38 9.33 17.75

Taiwan Styrene Monomer Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.95 14.37 15.93 17.75 14.55

Competitive Comparison of Taiwan Styrene Monomer's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Taiwan Styrene Monomer'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.


Taiwan Styrene Monomer's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taiwan Styrene Monomer's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Taiwan Styrene Monomer 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.

Taiwan Styrene Monomer's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.45/0.92
=14.62

* 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.

Taiwan Styrene Monomer's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Taiwan Styrene Monomer'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)
=0.225/131.7762*131.7762
=0.225

Current CPI (Mar. 2024) = 131.7762.

Taiwan Styrene Monomer Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.154 100.560 -1.512
201409 -0.137 100.428 -0.180
201412 -0.817 99.070 -1.087
201503 -0.224 99.621 -0.296
201506 0.448 100.684 0.586
201509 0.093 100.392 0.122
201512 1.429 99.792 1.887
201603 0.892 100.470 1.170
201606 0.931 101.688 1.206
201609 1.003 101.861 1.298
201612 0.309 101.863 0.400
201703 -1.326 102.862 -1.699
201706 0.004 103.349 0.005
201709 1.604 104.136 2.030
201712 0.137 104.011 0.174
201803 0.498 105.290 0.623
201806 0.722 106.317 0.895
201809 2.735 106.507 3.384
201812 0.958 105.998 1.191
201903 -0.035 107.251 -0.043
201906 0.251 108.070 0.306
201909 0.768 108.329 0.934
201912 0.250 108.420 0.304
202003 -1.307 108.902 -1.582
202006 -0.195 108.767 -0.236
202009 0.106 109.815 0.127
202012 0.867 109.897 1.040
202103 -0.171 111.754 -0.202
202106 0.630 114.631 0.724
202109 -0.297 115.734 -0.338
202112 -1.217 117.630 -1.363
202203 -0.211 121.301 -0.229
202206 0.546 125.017 0.576
202209 -0.352 125.227 -0.370
202212 -0.149 125.222 -0.157
202303 -0.433 127.348 -0.448
202306 -0.626 128.729 -0.641
202309 0.290 129.860 0.294
202312 0.055 129.419 0.056
202403 0.225 131.776 0.225

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.


Taiwan Styrene Monomer  (TPE:1310) 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.


Taiwan Styrene Monomer Cyclically Adjusted Price-to-FCF Related Terms

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Taiwan Styrene Monomer (TPE:1310) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Roosevelt Road, Sec. 1, 8th-1 Floor, Taipei, TWN
Taiwan Styrene Monomer Corp is engaged in the manufacturing and distribution of styrene monomer and related products. The company also offers toluene that is used as an organic solvent and para-diethyl benzene, which is used as the solvent of polystyrene. The company's main customers for the polystyrene are ABS resin and synthetic rubber manufacturers. Its products are generally used in electrical appliances, machinery, electronics, automotive, packaging and other industries.

Taiwan Styrene Monomer (TPE:1310) Headlines

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