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Ite Tech (TPE:3014) Cyclically Adjusted Price-to-FCF : 31.76 (As of May. 17, 2024)


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What is Ite Tech Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Ite Tech's current share price is NT$168.00. Ite Tech's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$5.29. Ite Tech's Cyclically Adjusted Price-to-FCF for today is 31.76.

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

TPE:3014' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.12   Med: 29.11   Max: 47.59
Current: 30.9

During the past years, Ite Tech's highest Cyclically Adjusted Price-to-FCF was 47.59. The lowest was 14.12. And the median was 29.11.

TPE:3014's Cyclically Adjusted Price-to-FCF is ranked better than
58.09% of 346 companies
in the Semiconductors industry
Industry Median: 38.2 vs TPE:3014: 30.90

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.

Ite Tech's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$2.801. 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$5.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ite Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ite Tech'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.

Ite Tech Cyclically Adjusted Price-to-FCF Chart

Ite Tech 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 16.59 26.87 32.68 18.74 29.05

Ite Tech 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 21.32 22.26 30.68 29.05 32.98

Competitive Comparison of Ite Tech's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Ite Tech'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.


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

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

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



Ite Tech 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.

Ite Tech's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=168.00/5.29
=31.76

* 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.

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

For example, Ite Tech'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)
=2.801/131.7762*131.7762
=2.801

Current CPI (Mar. 2024) = 131.7762.

Ite Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.633 100.560 0.830
201409 0.498 100.428 0.653
201412 0.170 99.070 0.226
201503 -0.667 99.621 -0.882
201506 -0.248 100.684 -0.325
201509 2.732 100.392 3.586
201512 -0.020 99.792 -0.026
201603 0.633 100.470 0.830
201606 -0.298 101.688 -0.386
201609 2.606 101.861 3.371
201612 0.041 101.863 0.053
201703 0.025 102.862 0.032
201706 -0.166 103.349 -0.212
201709 2.918 104.136 3.693
201712 -0.069 104.011 -0.087
201803 0.173 105.290 0.217
201806 1.740 106.317 2.157
201809 0.112 106.507 0.139
201812 -0.042 105.998 -0.052
201903 -0.254 107.251 -0.312
201906 1.195 108.070 1.457
201909 2.942 108.329 3.579
201912 1.937 108.420 2.354
202003 0.424 108.902 0.513
202006 -3.233 108.767 -3.917
202009 1.224 109.815 1.469
202012 2.362 109.897 2.832
202103 1.400 111.754 1.651
202106 0.583 114.631 0.670
202109 2.157 115.734 2.456
202112 1.630 117.630 1.826
202203 0.864 121.301 0.939
202206 -1.155 125.017 -1.217
202209 6.318 125.227 6.648
202212 1.313 125.222 1.382
202303 2.743 127.348 2.838
202306 8.303 128.729 8.500
202309 1.500 129.860 1.522
202312 1.976 129.419 2.012
202403 2.801 131.776 2.801

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.


Ite Tech  (TPE:3014) 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.


Ite Tech Cyclically Adjusted Price-to-FCF Related Terms

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


Ite Tech (TPE:3014) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3F, No. 13, Innovation Road I, Hsinchu Science Park, Hsinchu, TWN, 30076
Ite Tech Inc is a fabless integrated circuit (IC) design house. The company principally engages in developing, manufacturing, and marketing of integrated circuits. Its product offerings include PC input/output (I/O) and KBC, digital TV controller, sensor hub/IOT, multimedia controller, and analog IC. Geographically, it operates in Taiwan, Asia, and Others, out of which the majority is from Taiwan.

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