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Hwa Fong Rubber Ind Co (TPE:2109) Cyclically Adjusted Price-to-FCF : 25.39 (As of Jun. 09, 2024)


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What is Hwa Fong Rubber Ind Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Hwa Fong Rubber Ind Co's current share price is NT$19.30. Hwa Fong Rubber Ind Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.76. Hwa Fong Rubber Ind Co's Cyclically Adjusted Price-to-FCF for today is 25.39.

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

TPE:2109' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.16   Med: 25.09   Max: 50.82
Current: 25.35

During the past years, Hwa Fong Rubber Ind Co's highest Cyclically Adjusted Price-to-FCF was 50.82. The lowest was 15.16. And the median was 25.09.

TPE:2109's Cyclically Adjusted Price-to-FCF is ranked worse than
58.1% of 494 companies
in the Vehicles & Parts industry
Industry Median: 21.27 vs TPE:2109: 25.35

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.

Hwa Fong Rubber Ind Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.639. 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$0.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hwa Fong Rubber Ind Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co Cyclically Adjusted Price-to-FCF Chart

Hwa Fong Rubber Ind 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 39.47 28.63 23.10 17.25 22.94

Hwa Fong Rubber Ind 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 16.03 18.80 15.44 22.94 22.72

Competitive Comparison of Hwa Fong Rubber Ind Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Hwa Fong Rubber Ind 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.


Hwa Fong Rubber Ind Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hwa Fong Rubber Ind Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hwa Fong Rubber Ind Co's Cyclically Adjusted Price-to-FCF falls into.



Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.30/0.76
=25.39

* 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.

Hwa Fong Rubber Ind Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hwa Fong Rubber Ind 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)
=0.639/131.7762*131.7762
=0.639

Current CPI (Mar. 2024) = 131.7762.

Hwa Fong Rubber Ind Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.152 100.560 0.199
201409 -0.429 100.428 -0.563
201412 -0.357 99.070 -0.475
201503 0.380 99.621 0.503
201506 0.572 100.684 0.749
201509 0.811 100.392 1.065
201512 0.572 99.792 0.755
201603 0.262 100.470 0.344
201606 0.075 101.688 0.097
201609 0.024 101.861 0.031
201612 0.655 101.863 0.847
201703 -0.662 102.862 -0.848
201706 -0.753 103.349 -0.960
201709 -0.440 104.136 -0.557
201712 -0.232 104.011 -0.294
201803 -0.619 105.290 -0.775
201806 -0.858 106.317 -1.063
201809 -0.030 106.507 -0.037
201812 0.233 105.998 0.290
201903 0.364 107.251 0.447
201906 -0.183 108.070 -0.223
201909 0.206 108.329 0.251
201912 0.045 108.420 0.055
202003 -0.048 108.902 -0.058
202006 0.201 108.767 0.244
202009 0.682 109.815 0.818
202012 0.868 109.897 1.041
202103 0.339 111.754 0.400
202106 0.052 114.631 0.060
202109 -0.525 115.734 -0.598
202112 0.649 117.630 0.727
202203 -0.065 121.301 -0.071
202206 0.468 125.017 0.493
202209 0.784 125.227 0.825
202212 1.628 125.222 1.713
202303 0.783 127.348 0.810
202306 0.066 128.729 0.068
202309 0.588 129.860 0.597
202312 0.068 129.419 0.069
202403 0.639 131.776 0.639

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.


Hwa Fong Rubber Ind Co  (TPE:2109) 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.


Hwa Fong Rubber Ind Co Cyclically Adjusted Price-to-FCF Related Terms

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Hwa Fong Rubber Ind Co (TPE:2109) Business Description

Traded in Other Exchanges
N/A
Address
No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002
Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

Hwa Fong Rubber Ind Co (TPE:2109) Headlines

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