GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » RichWave Technology Corp (TPE:4968) » Definitions » Cyclically Adjusted FCF per Share

RichWave Technology (TPE:4968) Cyclically Adjusted FCF per Share : NT$1.64 (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is RichWave Technology 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.

RichWave Technology's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.436. 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$1.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, RichWave Technology's average Cyclically Adjusted FCF Growth Rate was 13.10% 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.

As of today (2024-06-10), RichWave Technology's current stock price is NT$184.00. RichWave Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.64. RichWave Technology's Cyclically Adjusted Price-to-FCF of today is 112.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RichWave Technology was 185.61. The lowest was 54.00. And the median was 110.86.


RichWave Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RichWave Technology'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.

RichWave Technology Cyclically Adjusted FCF per Share Chart

RichWave Technology 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 - - 1.52 1.79 1.58

RichWave Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.45 1.46 1.59 1.58 1.64

Competitive Comparison of RichWave Technology's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, RichWave Technology'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.


RichWave Technology's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



RichWave Technology 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, RichWave Technology'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)
=0.436/131.7762*131.7762
=0.436

Current CPI (Mar. 2024) = 131.7762.

RichWave Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.305 100.560 0.400
201409 0.505 100.428 0.663
201412 0.721 99.070 0.959
201503 0.235 99.621 0.311
201506 0.331 100.684 0.433
201509 -0.201 100.392 -0.264
201512 0.986 99.792 1.302
201603 0.859 100.470 1.127
201606 0.255 101.688 0.330
201609 0.220 101.861 0.285
201612 0.766 101.863 0.991
201703 -1.116 102.862 -1.430
201706 -0.028 103.349 -0.036
201709 0.111 104.136 0.140
201712 -0.024 104.011 -0.030
201803 1.032 105.290 1.292
201806 1.437 106.317 1.781
201809 -0.614 106.507 -0.760
201812 0.856 105.998 1.064
201903 -0.148 107.251 -0.182
201906 0.802 108.070 0.978
201909 0.817 108.329 0.994
201912 0.355 108.420 0.431
202003 0.234 108.902 0.283
202006 -0.979 108.767 -1.186
202009 -0.698 109.815 -0.838
202012 3.714 109.897 4.453
202103 0.134 111.754 0.158
202106 0.561 114.631 0.645
202109 0.859 115.734 0.978
202112 -1.630 117.630 -1.826
202203 2.506 121.301 2.722
202206 1.460 125.017 1.539
202209 -2.513 125.227 -2.644
202212 1.641 125.222 1.727
202303 -3.003 127.348 -3.107
202306 0.315 128.729 0.322
202309 1.475 129.860 1.497
202312 0.411 129.419 0.418
202403 0.436 131.776 0.436

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


RichWave Technology  (TPE:4968) 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.

RichWave Technology's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=184.00/1.64
=112.20

* 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 RichWave Technology was 185.61. The lowest was 54.00. And the median was 110.86.


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.


RichWave Technology Cyclically Adjusted FCF per Share Related Terms

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


RichWave Technology (TPE:4968) Business Description

Traded in Other Exchanges
N/A
Address
Tiding Boulevard, 3rd Floor, No. 1, Alley 20, Lane 407, Section 2, Taipei, TWN, 114
RichWave Technology Corp is a fabless IC design company. The company is engaged in the design, integration, and manufacturing of RF ICs for wireless communication products. Its product includes a front-end module, power amplifier, switch, and GPS LNA. Its products are used in networking, mobile phones, broadcasting, surveillance, and automotive rearview applications.

RichWave Technology (TPE:4968) Headlines

No Headlines