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Oclaro (Oclaro) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Oclaro Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oclaro Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Oclaro'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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Oclaro Cyclically Adjusted Price-to-FCF Chart

Oclaro Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Cyclically Adjusted Price-to-FCF
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Oclaro Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Oclaro's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Oclaro'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.


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

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

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



Oclaro 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.

Oclaro's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Oclaro's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=0.128/106.5067*106.5067
=0.128

Current CPI (Sep. 2018) = 106.5067.

Oclaro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 0.202 88.697 0.243
200903 -0.353 89.744 -0.419
200906 -0.253 91.003 -0.296
200909 -0.259 91.120 -0.303
200912 0.104 91.111 0.122
201003 -0.038 91.821 -0.044
201006 -0.209 91.962 -0.242
201009 -0.155 92.162 -0.179
201012 -0.376 92.474 -0.433
201103 -0.112 94.283 -0.127
201106 -0.303 95.235 -0.339
201109 -0.601 95.727 -0.669
201112 0.000 95.213 0.000
201203 -0.198 96.783 -0.218
201206 -0.141 96.819 -0.155
201209 -0.291 97.633 -0.317
201212 -0.598 96.871 -0.657
201303 -0.309 98.209 -0.335
201306 0.002 98.518 0.002
201309 -0.209 98.790 -0.225
201312 -0.338 98.326 -0.366
201403 -0.199 99.695 -0.213
201406 -0.174 100.560 -0.184
201409 -0.097 100.428 -0.103
201412 -0.260 99.070 -0.280
201503 -0.135 99.621 -0.144
201506 -0.103 100.684 -0.109
201509 -0.062 100.392 -0.066
201512 0.072 99.792 0.077
201603 -0.094 100.470 -0.100
201606 -0.099 101.688 -0.104
201609 -0.020 101.861 -0.021
201612 0.076 101.863 0.079
201703 0.068 102.862 0.070
201706 0.022 103.349 0.023
201709 0.147 104.136 0.150
201712 0.059 104.011 0.060
201803 0.074 105.290 0.075
201806 0.113 106.317 0.113
201809 0.128 106.507 0.128

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.


Oclaro  (NAS:OCLR) 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.


Oclaro Cyclically Adjusted Price-to-FCF Related Terms

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


Oclaro (Oclaro) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Oclaro Incorporated is a supplier of core optical network technology to telecommunication and data communication equipment companies worldwide. The company's optical technology is integrated into the switching, routing, and transport systems of communication equipment manufacturers. Ultimately, Oclaro's technology is used by these equipment manufacturers to build, upgrade, and operate optical networks. A network of direct sales force, customer service, marketing communications, and product line specific marketing employees help bring Oclaro's products to a range of international markets.
Executives
Marissa T Peterson director SUN MICROSYSTEMS, INC., 7777 GATEWAY BLVD, BLDG 11, MSUNWK11-260, NEWARK CA 94560
William Lloyd Smith director 46429 LANDING PARKWAY, FREMONT CA 94538
Ian Small director 400 N MCCARTHY BLVD, MILPITAS CA 95035
Greg Dougherty officer: Chief Executive Officer 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Michael H Fernicola officer: Chief Accounting Officer C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
David Teichmann officer: EVP, GC, & Corp. Sec. C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Craig Cocchi officer: Chief Operating Officer 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Hitachi Ltd 10 percent owner 6-6, MARUNOUCHI 1-CHOME, CHIYODA-KU, TOKYO JAPAN M0 100-8280
Jerry Turin other: Former CFO 2584 JUNCTION AVENUE, SAN JOSE CA 95134
Alain A Couder director, officer: Chairman, CEO 395 PAGE MILL RD, MS A3 18, PALO ALTO CA 94306
Harry L Bosco director C/O ARRIS GROUP INC, 11450 TECHNOLOGY CIRCLE, DULUTH GA 30097
Bernard J Couillaud director
Giovanni Barbarossa director C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
W Arthur Porter director 7706 FONDREN ROAD, HOUSTON TX 77074

Oclaro (Oclaro) Headlines