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Ultra Clean Holdings (STU:UCE) Cyclically Adjusted Price-to-FCF : 40.77 (As of Jun. 10, 2024)


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What is Ultra Clean Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Ultra Clean Holdings's current share price is €42.40. Ultra Clean Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.04. Ultra Clean Holdings's Cyclically Adjusted Price-to-FCF for today is 40.77.

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

STU:UCE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.86   Med: 27.99   Max: 67.2
Current: 40.84

During the past years, Ultra Clean Holdings's highest Cyclically Adjusted Price-to-FCF was 67.20. The lowest was 10.86. And the median was 27.99.

STU:UCE's Cyclically Adjusted Price-to-FCF is ranked worse than
50.72% of 345 companies
in the Semiconductors industry
Industry Median: 40.29 vs STU:UCE: 40.84

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.

Ultra Clean Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.169. 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 €1.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultra Clean Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ultra Clean Holdings'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.

Ultra Clean Holdings Cyclically Adjusted Price-to-FCF Chart

Ultra Clean Holdings 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 31.23 32.64 44.96 30.23 29.88

Ultra Clean Holdings 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 31.81 36.58 27.37 29.88 40.68

Competitive Comparison of Ultra Clean Holdings's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Ultra Clean Holdings'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.


Ultra Clean Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Ultra Clean Holdings 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.

Ultra Clean Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=42.40/1.04
=40.77

* 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.

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

For example, Ultra Clean Holdings'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)
=-0.169/131.7762*131.7762
=-0.169

Current CPI (Mar. 2024) = 131.7762.

Ultra Clean Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.067 100.560 0.088
201409 0.419 100.428 0.550
201412 0.079 99.070 0.105
201503 -0.246 99.621 -0.325
201506 0.240 100.684 0.314
201509 -0.030 100.392 -0.039
201512 -0.242 99.792 -0.320
201603 -0.062 100.470 -0.081
201606 0.059 101.688 0.076
201609 0.107 101.861 0.138
201612 0.178 101.863 0.230
201703 0.176 102.862 0.225
201706 0.210 103.349 0.268
201709 0.261 104.136 0.330
201712 0.189 104.011 0.239
201803 -0.018 105.290 -0.023
201806 -0.455 106.317 -0.564
201809 0.474 106.507 0.586
201812 0.353 105.998 0.439
201903 0.299 107.251 0.367
201906 1.076 108.070 1.312
201909 0.345 108.329 0.420
201912 0.414 108.420 0.503
202003 0.200 108.902 0.242
202006 0.157 108.767 0.190
202009 0.211 109.815 0.253
202012 0.680 109.897 0.815
202103 1.193 111.754 1.407
202106 0.654 114.631 0.752
202109 0.623 115.734 0.709
202112 0.476 117.630 0.533
202203 -1.908 121.301 -2.073
202206 1.331 125.017 1.403
202209 1.114 125.227 1.172
202212 -1.467 125.222 -1.544
202303 0.015 127.348 0.016
202306 0.345 128.729 0.353
202309 0.502 129.860 0.509
202312 0.386 129.419 0.393
202403 -0.169 131.776 -0.169

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.


Ultra Clean Holdings  (STU:UCE) 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.


Ultra Clean Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Ultra Clean Holdings (STU:UCE) Business Description

Traded in Other Exchanges
Address
26462 Corporate Avenue, Hayward, CA, USA, 94545
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments Products and Services. Its principal markets are North America, Asia, and Europe. Its largest end markets by revenue are the United States and the International market.

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