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JMicron Technology (ROCO:4925) Cyclically Adjusted Price-to-FCF : 176.47 (As of May. 31, 2024)


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What is JMicron Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), JMicron Technology's current share price is NT$60.00. JMicron Technology's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was NT$0.34. JMicron Technology's Cyclically Adjusted Price-to-FCF for today is 176.47.

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

ROCO:4925' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.51   Med: 60.2   Max: 241.76
Current: 173.71

During the past 13 years, JMicron Technology's highest Cyclically Adjusted Price-to-FCF was 241.76. The lowest was 7.51. And the median was 60.20.

ROCO:4925's Cyclically Adjusted Price-to-FCF is ranked worse than
90.41% of 344 companies
in the Semiconductors industry
Industry Median: 39.785 vs ROCO:4925: 173.71

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.

JMicron Technology's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was NT$0.993. 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 NT$0.34 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


JMicron Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for JMicron Technology'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.

JMicron Technology Cyclically Adjusted Price-to-FCF Chart

JMicron Technology 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 20.57 34.33 151.84 - 235.22

JMicron Technology Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 151.84 - - - 235.22

Competitive Comparison of JMicron Technology's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, JMicron 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.


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

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

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



JMicron Technology 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.

JMicron Technology's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=60.00/0.34
=176.47

* 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.

JMicron Technology's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, JMicron Technology's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.993/129.4194*129.4194
=0.993

Current CPI (Dec23) = 129.4194.

JMicron Technology Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 4.040 99.070 5.278
201512 -0.164 99.792 -0.213
201612 2.340 101.863 2.973
201712 0.003 104.011 0.004
201812 -2.970 105.998 -3.626
201912 -1.822 108.420 -2.175
202012 3.148 109.897 3.707
202112 -0.010 117.630 -0.011
202212 -3.402 125.222 -3.516
202312 0.993 129.419 0.993

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.


JMicron Technology  (ROCO:4925) 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.


JMicron Technology Cyclically Adjusted Price-to-FCF Related Terms

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


JMicron Technology (ROCO:4925) Business Description

Traded in Other Exchanges
N/A
Address
1F, No.13, Innovation Road 1, Hsinchu Science Park, Hsinchu, TWN
JMicron Technology Corp operates as a fabless IC company that specializes in designing high-speed data and signal interfaces. It offers bridge controller series that offers a range of high-speed and super-speed FireWire and SATAII/III interfaces for data storage applications.

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