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AUO (TPE:2409) Cyclically Adjusted Price-to-FCF : 7.19 (As of Jun. 08, 2024)


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What is AUO Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), AUO's current share price is NT$18.05. AUO's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.51. AUO's Cyclically Adjusted Price-to-FCF for today is 7.19.

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

TPE:2409' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.4   Med: 7.21   Max: 32.08
Current: 7.2

During the past years, AUO's highest Cyclically Adjusted Price-to-FCF was 32.08. The lowest was 4.40. And the median was 7.21.

TPE:2409's Cyclically Adjusted Price-to-FCF is ranked better than
92.13% of 966 companies
in the Hardware industry
Industry Median: 30.465 vs TPE:2409: 7.20

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.

AUO's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-0.873. 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$2.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AUO Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AUO'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.

AUO Cyclically Adjusted Price-to-FCF Chart

AUO 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 12.99 17.00 9.82 4.78 6.90

AUO 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 6.13 6.41 5.77 6.90 7.16

Competitive Comparison of AUO's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, AUO'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.


AUO's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AUO's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AUO 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.05/2.51
=7.19

* 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.

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

For example, AUO'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)
=-0.873/131.7762*131.7762
=-0.873

Current CPI (Mar. 2024) = 131.7762.

AUO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.359 100.560 1.781
201409 2.115 100.428 2.775
201412 1.889 99.070 2.513
201503 0.940 99.621 1.243
201506 1.460 100.684 1.911
201509 -0.208 100.392 -0.273
201512 1.478 99.792 1.952
201603 -0.434 100.470 -0.569
201606 -1.088 101.688 -1.410
201609 -0.982 101.861 -1.270
201612 1.243 101.863 1.608
201703 0.948 102.862 1.214
201706 2.105 103.349 2.684
201709 1.517 104.136 1.920
201712 0.663 104.011 0.840
201803 -0.273 105.290 -0.342
201806 0.158 106.317 0.196
201809 0.243 106.507 0.301
201812 0.577 105.998 0.717
201903 -1.112 107.251 -1.366
201906 -0.084 108.070 -0.102
201909 -0.448 108.329 -0.545
201912 0.504 108.420 0.613
202003 -1.185 108.902 -1.434
202006 -0.420 108.767 -0.509
202009 0.896 109.815 1.075
202012 2.017 109.897 2.419
202103 2.311 111.754 2.725
202106 2.350 114.631 2.701
202109 2.702 115.734 3.077
202112 2.661 117.630 2.981
202203 0.539 121.301 0.586
202206 0.130 125.017 0.137
202209 -1.949 125.227 -2.051
202212 0.125 125.222 0.132
202303 -2.839 127.348 -2.938
202306 0.271 128.729 0.277
202309 0.097 129.860 0.098
202312 0.282 129.419 0.287
202403 -0.873 131.776 -0.873

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.


AUO  (TPE:2409) 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.


AUO Cyclically Adjusted Price-to-FCF Related Terms

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


AUO (TPE:2409) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AUO Corp (TPE:2409) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).

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