GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASE Technology Holding Co Ltd (NYSE:ASX) » Definitions » Cyclically Adjusted Price-to-FCF

ASE Technology Holding Co (ASE Technology Holding Co) Cyclically Adjusted Price-to-FCF : 22.82 (As of Apr. 30, 2024)


View and export this data going back to 2000. Start your Free Trial

What is ASE Technology Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), ASE Technology Holding Co's current share price is $10.04. ASE Technology Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.44. ASE Technology Holding Co's Cyclically Adjusted Price-to-FCF for today is 22.82.

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

ASX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.41   Med: 23.42   Max: 152.47
Current: 23.25

During the past years, ASE Technology Holding Co's highest Cyclically Adjusted Price-to-FCF was 152.47. The lowest was 16.41. And the median was 23.42.

ASX's Cyclically Adjusted Price-to-FCF is ranked better than
71.35% of 342 companies
in the Semiconductors industry
Industry Median: 36.745 vs ASX: 23.25

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.

ASE Technology Holding Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.060. 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 $0.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASE Technology Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ASE Technology Holding 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.

ASE Technology Holding Co Cyclically Adjusted Price-to-FCF Chart

ASE Technology Holding 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 25.96 20.80 24.70 17.96 20.43

ASE Technology Holding 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 20.09 19.42 19.06 20.43 24.83

Competitive Comparison of ASE Technology Holding Co's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, ASE Technology Holding 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.


ASE Technology Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



ASE Technology Holding 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.

ASE Technology Holding Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.04/0.44
=22.82

* 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.

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

For example, ASE Technology Holding 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)
=0.06/129.4194*129.4194
=0.060

Current CPI (Mar. 2024) = 129.4194.

ASE Technology Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.131 99.621 0.170
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 0.000 101.863 0.000
201703 0.000 102.862 0.000
201706 0.013 103.349 0.016
201709 0.074 104.136 0.092
201712 0.117 104.011 0.146
201803 0.050 105.290 0.061
201806 -0.085 106.317 -0.103
201809 0.064 106.507 0.078
201812 0.130 105.998 0.159
201903 0.109 107.251 0.132
201906 0.003 108.070 0.004
201909 -0.086 108.329 -0.103
201912 0.219 108.420 0.261
202003 -0.002 108.902 -0.002
202006 0.054 108.767 0.064
202009 0.019 109.815 0.022
202012 0.214 109.897 0.252
202103 0.028 111.754 0.032
202106 -0.003 114.631 -0.003
202109 -0.090 115.734 -0.101
202112 0.272 117.630 0.299
202203 0.162 121.301 0.173
202206 -0.035 125.017 -0.036
202209 0.020 125.227 0.021
202212 0.439 125.222 0.454
202303 0.235 127.348 0.239
202306 0.057 128.729 0.057
202309 0.092 129.860 0.092
202312 0.501 129.419 0.501
202403 0.060 129.419 0.060

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.


ASE Technology Holding Co  (NYSE:ASX) 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.


ASE Technology Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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


ASE Technology Holding Co (ASE Technology Holding Co) Business Description

Traded in Other Exchanges
Address
No. 26, Chin Third Road, Nanzih District, Kaohsiung, TWN, 811
ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

ASE Technology Holding Co (ASE Technology Holding Co) Headlines