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Alpha Microelectronics (ROCO:8024) Cyclically Adjusted Price-to-FCF : 43.13 (As of Jun. 11, 2024)


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What is Alpha Microelectronics Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Alpha Microelectronics's current share price is NT$20.70. Alpha Microelectronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.48. Alpha Microelectronics's Cyclically Adjusted Price-to-FCF for today is 43.13.

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

ROCO:8024' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.88   Med: 26.5   Max: 108.57
Current: 43.42

During the past years, Alpha Microelectronics's highest Cyclically Adjusted Price-to-FCF was 108.57. The lowest was 10.88. And the median was 26.50.

ROCO:8024's Cyclically Adjusted Price-to-FCF is ranked worse than
53.04% of 345 companies
in the Semiconductors industry
Industry Median: 40.29 vs ROCO:8024: 43.42

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.

Alpha Microelectronics's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-1.024. 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$0.48 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpha Microelectronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alpha Microelectronics'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.

Alpha Microelectronics Cyclically Adjusted Price-to-FCF Chart

Alpha Microelectronics 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 19.76 35.48 36.22 22.78 36.54

Alpha Microelectronics 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 28.59 29.28 26.38 36.54 43.10

Competitive Comparison of Alpha Microelectronics's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Alpha Microelectronics'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.


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

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

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



Alpha Microelectronics 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.

Alpha Microelectronics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.70/0.48
=43.13

* 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.

Alpha Microelectronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Alpha Microelectronics'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)
=-1.024/131.7762*131.7762
=-1.024

Current CPI (Mar. 2024) = 131.7762.

Alpha Microelectronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.249 100.560 -0.326
201409 0.805 100.428 1.056
201412 -0.094 99.070 -0.125
201503 0.133 99.621 0.176
201506 -0.795 100.684 -1.041
201509 0.880 100.392 1.155
201512 -0.260 99.792 -0.343
201603 -0.118 100.470 -0.155
201606 -0.345 101.688 -0.447
201609 1.241 101.861 1.605
201612 0.739 101.863 0.956
201703 -0.127 102.862 -0.163
201706 -0.971 103.349 -1.238
201709 0.453 104.136 0.573
201712 0.318 104.011 0.403
201803 -0.665 105.290 -0.832
201806 -0.110 106.317 -0.136
201809 -0.004 106.507 -0.005
201812 0.007 105.998 0.009
201903 -0.140 107.251 -0.172
201906 -0.330 108.070 -0.402
201909 0.609 108.329 0.741
201912 0.267 108.420 0.325
202003 0.268 108.902 0.324
202006 -0.382 108.767 -0.463
202009 0.169 109.815 0.203
202012 0.141 109.897 0.169
202103 0.564 111.754 0.665
202106 0.392 114.631 0.451
202109 1.067 115.734 1.215
202112 0.897 117.630 1.005
202203 0.597 121.301 0.649
202206 0.452 125.017 0.476
202209 0.473 125.227 0.498
202212 1.082 125.222 1.139
202303 -0.751 127.348 -0.777
202306 -0.748 128.729 -0.766
202309 -0.031 129.860 -0.031
202312 -0.567 129.419 -0.577
202403 -1.024 131.776 -1.024

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.


Alpha Microelectronics  (ROCO:8024) 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.


Alpha Microelectronics Cyclically Adjusted Price-to-FCF Related Terms

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


Alpha Microelectronics (ROCO:8024) Business Description

Traded in Other Exchanges
N/A
Address
No. 295, Section 2, Guangfu Road, 9th Floor, Hsinchu, TWN
Alpha Microelectronics Corp is a Taiwan based company engages in the design, research, development, application, and marketing of integrated circuits. Its product range covers voice ICs, voice integrated MCUs and IC recording products.

Alpha Microelectronics (ROCO:8024) Headlines

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