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Wafer Works (ROCO:6182) Cyclically Adjusted FCF per Share : NT$0.38 (As of Jun. 2024)


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What is Wafer Works Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Wafer Works's adjusted free cash flow per share for the three months ended in Jun. 2024 was NT$-0.707. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$0.38 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Wafer Works's average Cyclically Adjusted FCF Growth Rate was 35.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Wafer Works was 84.60% per year. The lowest was 84.60% per year. And the median was 84.60% per year.

As of today (2024-10-09), Wafer Works's current stock price is NT$30.65. Wafer Works's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was NT$0.38. Wafer Works's Cyclically Adjusted Price-to-FCF of today is 80.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wafer Works was 283.38. The lowest was 76.12. And the median was 110.77.


Wafer Works Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Wafer Works's Cyclically Adjusted FCF per Share 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.

Wafer Works Cyclically Adjusted FCF per Share Chart

Wafer Works Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.73 -2.78 -1.08 -0.01 0.47

Wafer Works Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted FCF per Share 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 0.28 0.38 0.47 0.49 0.38

Competitive Comparison of Wafer Works's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, Wafer Works'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.


Wafer Works's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Wafer Works Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Wafer Works's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.707/132.5538*132.5538
=-0.707

Current CPI (Jun. 2024) = 132.5538.

Wafer Works Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.688 100.428 0.908
201412 0.669 99.070 0.895
201503 0.446 99.621 0.593
201506 0.820 100.684 1.080
201509 0.069 100.392 0.091
201512 0.432 99.792 0.574
201603 -0.045 100.470 -0.059
201606 0.536 101.688 0.699
201609 0.514 101.861 0.669
201612 0.967 101.863 1.258
201703 0.710 102.862 0.915
201706 0.245 103.349 0.314
201709 0.187 104.136 0.238
201712 0.086 104.011 0.110
201803 -1.353 105.290 -1.703
201806 -0.403 106.317 -0.502
201809 -0.981 106.507 -1.221
201812 0.271 105.998 0.339
201903 -1.225 107.251 -1.514
201906 -0.311 108.070 -0.381
201909 -0.779 108.329 -0.953
201912 -0.568 108.420 -0.694
202003 -0.160 108.902 -0.195
202006 -0.294 108.767 -0.358
202009 -0.703 109.815 -0.849
202012 -1.607 109.897 -1.938
202103 -0.150 111.754 -0.178
202106 0.252 114.631 0.291
202109 -0.209 115.734 -0.239
202112 0.866 117.630 0.976
202203 0.126 121.301 0.138
202206 1.974 125.017 2.093
202209 0.782 125.227 0.828
202212 1.606 125.222 1.700
202303 -0.347 127.348 -0.361
202306 -0.114 128.729 -0.117
202309 0.606 129.860 0.619
202312 0.938 129.419 0.961
202403 -0.509 131.776 -0.512
202406 -0.707 132.554 -0.707

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


Wafer Works  (ROCO:6182) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Wafer Works's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=30.65/0.38
=80.66

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wafer Works was 283.38. The lowest was 76.12. And the median was 110.77.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Wafer Works Cyclically Adjusted FCF per Share Related Terms

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


Wafer Works Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 100, Longyuan 1st Road, Longtan Science Park, Taoyuan, TWN, 32542
Wafer Works Corp provides wafer solutions for customers in single crystal ingot, polished and epitaxial wafers. The company is an electronic materials supplier and manufactures doped silicon wafers used in power semiconductor devices. It manufactures 4 to 8 inches silicon wafers for power semiconductor devices such as high-/low-voltage power MOSFETs, power IC, and other power management devices. Its products consist of polished silicon wafers and epitaxial wafers.

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