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Tainan Enterprises Co (TPE:1473) Cyclically Adjusted Price-to-FCF : 31.43 (As of Jun. 07, 2024)


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What is Tainan Enterprises Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Tainan Enterprises Co's current share price is NT$55.00. Tainan Enterprises Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.75. Tainan Enterprises Co's Cyclically Adjusted Price-to-FCF for today is 31.43.

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

TPE:1473' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.19   Med: 18.41   Max: 45.63
Current: 26.73

During the past years, Tainan Enterprises Co's highest Cyclically Adjusted Price-to-FCF was 45.63. The lowest was 10.19. And the median was 18.41.

TPE:1473's Cyclically Adjusted Price-to-FCF is ranked worse than
62.09% of 364 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.39 vs TPE:1473: 26.73

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.

Tainan Enterprises Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.724. 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$1.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tainan Enterprises Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tainan Enterprises Co'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.

Tainan Enterprises Co Cyclically Adjusted Price-to-FCF Chart

Tainan Enterprises Co 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 23.56 27.36 17.60 15.93 18.67

Tainan Enterprises 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 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 18.40 13.82 19.05 18.67 17.51

Competitive Comparison of Tainan Enterprises Co's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Tainan Enterprises 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.


Tainan Enterprises Co's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tainan Enterprises Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tainan Enterprises Co 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.

Tainan Enterprises Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=55.00/1.75
=31.43

* 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.

Tainan Enterprises Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tainan Enterprises 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)
=-0.724/131.7762*131.7762
=-0.724

Current CPI (Mar. 2024) = 131.7762.

Tainan Enterprises Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.523 100.560 1.996
201409 2.881 100.428 3.780
201412 -2.779 99.070 -3.696
201503 -3.411 99.621 -4.512
201506 0.948 100.684 1.241
201509 3.009 100.392 3.950
201512 1.389 99.792 1.834
201603 2.684 100.470 3.520
201606 0.713 101.688 0.924
201609 -0.318 101.861 -0.411
201612 1.874 101.863 2.424
201703 1.874 102.862 2.401
201706 -0.984 103.349 -1.255
201709 -0.675 104.136 -0.854
201712 2.949 104.011 3.736
201803 -0.876 105.290 -1.096
201806 -2.733 106.317 -3.387
201809 0.990 106.507 1.225
201812 1.360 105.998 1.691
201903 -0.338 107.251 -0.415
201906 -0.383 108.070 -0.467
201909 2.109 108.329 2.565
201912 0.102 108.420 0.124
202003 -0.906 108.902 -1.096
202006 -0.492 108.767 -0.596
202009 1.126 109.815 1.351
202012 0.997 109.897 1.195
202103 -1.273 111.754 -1.501
202106 2.433 114.631 2.797
202109 -1.936 115.734 -2.204
202112 -3.165 117.630 -3.546
202203 -1.601 121.301 -1.739
202206 3.783 125.017 3.988
202209 1.083 125.227 1.140
202212 0.287 125.222 0.302
202303 2.186 127.348 2.262
202306 0.294 128.729 0.301
202309 1.203 129.860 1.221
202312 -0.976 129.419 -0.994
202403 -0.724 131.776 -0.724

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.


Tainan Enterprises Co  (TPE:1473) 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.


Tainan Enterprises Co Cyclically Adjusted Price-to-FCF Related Terms

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Tainan Enterprises Co (TPE:1473) Business Description

Traded in Other Exchanges
N/A
Address
No.15-1, Han-Chou South Road, Sec.1, Taipei, TWN
Tainan Enterprises Co Ltd engages in the manufacturing, retail and export of various kinds of apparels (including woven and knitted garments) in Taiwan. It is principally involved in the manufacturing of all kinds of clothes. Its products include pants, shirts, dresses, skirts, jackets, vests, and coats. It provides its products under agent brands, such as Camel Active and New man, as well as its own brands, including Tony Jeans, TW Design, Emely Sweetie and others. Geographically the company distributes its services in Taiwan and the United States.

Tainan Enterprises Co (TPE:1473) Headlines

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