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Microvision (Microvision) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Microvision Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Microvision Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Microvision'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.

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Microvision Cyclically Adjusted Price-to-FCF Chart

Microvision Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Microvision Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Microvision's Cyclically Adjusted Price-to-FCF

For the Scientific & Technical Instruments subindustry, Microvision'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.


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

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

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



Microvision 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.

Microvision's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Microvision's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.087/129.4194*129.4194
=-0.087

Current CPI (Dec. 2023) = 129.4194.

Microvision Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.086 99.695 -0.112
201406 -0.088 100.560 -0.113
201409 -0.075 100.428 -0.097
201412 -0.069 99.070 -0.090
201503 0.111 99.621 0.144
201506 -0.091 100.684 -0.117
201509 -0.083 100.392 -0.107
201512 -0.080 99.792 -0.104
201603 -0.064 100.470 -0.082
201606 -0.082 101.688 -0.104
201609 -0.074 101.861 -0.094
201612 -0.081 101.863 -0.103
201703 -0.110 102.862 -0.138
201706 0.048 103.349 0.060
201709 -0.082 104.136 -0.102
201712 -0.105 104.011 -0.131
201803 -0.124 105.290 -0.152
201806 -0.037 106.317 -0.045
201809 -0.082 106.507 -0.100
201812 -0.034 105.998 -0.042
201903 -0.078 107.251 -0.094
201906 -0.083 108.070 -0.099
201909 -0.031 108.329 -0.037
201912 -0.036 108.420 -0.043
202003 -0.043 108.902 -0.051
202006 -0.021 108.767 -0.025
202009 -0.024 109.815 -0.028
202012 -0.031 109.897 -0.037
202103 -0.033 111.754 -0.038
202106 -0.051 114.631 -0.058
202109 -0.062 115.734 -0.069
202112 -0.052 117.630 -0.057
202203 -0.072 121.301 -0.077
202206 -0.060 125.017 -0.062
202209 -0.060 125.227 -0.062
202212 -0.064 125.222 -0.066
202303 -0.081 127.348 -0.082
202306 -0.099 128.729 -0.100
202309 -0.111 129.860 -0.111
202312 -0.087 129.419 -0.087

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.


Microvision  (NAS:MVIS) 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.


Microvision Cyclically Adjusted Price-to-FCF Related Terms

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Microvision (Microvision) Business Description

Industry
Traded in Other Exchanges
Address
18390 NE 68th Street, Redmond, WA, USA, 98052
Microvision Inc is engaged in developing a lidar sensor to be used in automotive safety and autonomous driving applications. Its lidar sensor uses laser beam scanning (LBS) technology, which is based on systems that include micro-electrical mechanical systems (MEMS), laser diodes, optomechanics, electronics, algorithms, and software. The company has also developed solutions for Augmented Reality, Interactive Displays, and Consumer Lidars.
Executives
Robert Paul Carlile director 1226 ALKI AVE SW, 5200, SEATTLE WA 98116
Judith Mecham Curran director 17883 STONEBROOK CT, NORTHVILLE MI 48168
Mark Bradley Spitzer director 5 MINK TRAP LANE, SHARON MA 02067
Sumit Sharma director, officer: CEO 541 LAKE WASHINGTON BLVD E, SEATTLE WA 98112
Jeffrey A Herbst director 35 ORCHARD HILLS STREET, ATHERTON CA 94027
Drew G Markham officer: VP, General Counsel 6244 185TH AVE NE, STE 100, REDMOND WA 98052
Seval F Oz director 14901 BRONSON AVENUE, SAN JOSE CA 95124
Simon Biddiscombe director C/O MOBILEIRON, INC., 415 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Anubhav Verma officer: VP, Chief Financial Officer 6244 185TH AVE NE, STE 100, REDMOND WA 98052
Stephen Patrick Holt officer: Chief Financial Officer C/O MICROVISION, INC., 6222 185TH AVE NE, REDMOND WA 98052
Brian V Turner director P.O. BOX 91123, SEATTLE WA 98111-9223
Perry Mulligan director EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Bernee Dl Strom director, Director 5500 LAKE WASHINGTON BLVD NE, UNIT 3B, KIRKLAND WA 98033
Alexander Y Tokman officer: President and COO C/O MICROVISION, INC., 6222 185TH AVENUE NE, REDMOND WA 98052
David J Westgor officer: VP,General Counsel & Secretary C/O MICROVISION, INC., 6244 185TH AVENUE NE, REDMOND WA 98052