GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sitronix Technology Corp (TPE:8016) » Definitions » Cyclically Adjusted FCF per Share

Sitronix Technology (TPE:8016) Cyclically Adjusted FCF per Share : NT$20.89 (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Sitronix 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.

Sitronix Technology's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$5.619. 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$20.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sitronix Technology's average Cyclically Adjusted FCF Growth Rate was 21.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 34.70% 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 Sitronix Technology was 34.70% per year. The lowest was 34.70% per year. And the median was 34.70% per year.

As of today (2024-06-09), Sitronix Technology's current stock price is NT$267.00. Sitronix Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$20.89. Sitronix Technology's Cyclically Adjusted Price-to-FCF of today is 12.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sitronix Technology was 32.78. The lowest was 8.29. And the median was 17.71.


Sitronix Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sitronix 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.

Sitronix Technology Cyclically Adjusted FCF per Share Chart

Sitronix Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7.02 9.40 15.70 17.14

Sitronix Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 17.14 18.76 19.99 20.39 20.89

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

For the Semiconductors subindustry, Sitronix 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.


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

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

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



Sitronix 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, Sitronix 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)
=5.619/131.7762*131.7762
=5.619

Current CPI (Mar. 2024) = 131.7762.

Sitronix Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.807 99.695 1.067
201406 -2.772 100.560 -3.633
201409 8.541 100.428 11.207
201412 1.616 99.070 2.150
201503 -0.234 99.621 -0.310
201506 1.009 100.684 1.321
201509 2.831 100.392 3.716
201512 6.236 99.792 8.235
201603 0.787 100.470 1.032
201606 2.277 101.688 2.951
201609 4.719 101.861 6.105
201612 -0.660 101.863 -0.854
201703 -1.570 102.862 -2.011
201706 0.298 103.349 0.380
201709 5.249 104.136 6.642
201712 -1.012 104.011 -1.282
201803 0.811 105.290 1.015
201806 4.799 106.317 5.948
201809 1.163 106.507 1.439
201812 -0.125 105.998 -0.155
201903 1.843 107.251 2.264
201906 8.554 108.070 10.430
201909 11.336 108.329 13.790
201912 4.157 108.420 5.053
202003 0.786 108.902 0.951
202006 -2.988 108.767 -3.620
202009 13.081 109.815 15.697
202012 10.729 109.897 12.865
202103 5.531 111.754 6.522
202106 15.788 114.631 18.149
202109 23.886 115.734 27.197
202112 16.923 117.630 18.958
202203 13.374 121.301 14.529
202206 -11.142 125.017 -11.744
202209 -2.650 125.227 -2.789
202212 6.858 125.222 7.217
202303 11.002 127.348 11.385
202306 5.945 128.729 6.086
202309 5.344 129.860 5.423
202403 5.619 131.776 5.619

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


Sitronix Technology  (TPE:8016) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=267.00/20.89
=12.78

* 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 Sitronix Technology was 32.78. The lowest was 8.29. And the median was 17.71.


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.


Sitronix Technology Cyclically Adjusted FCF per Share Related Terms

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


Sitronix Technology (TPE:8016) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302
Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

Sitronix Technology (TPE:8016) Headlines

No Headlines