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Power Integrations (Power Integrations) Cyclically Adjusted FCF per Share : $1.92 (As of Dec. 2023)


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What is Power Integrations Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Power Integrations's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.177. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Power Integrations's average Cyclically Adjusted FCF Growth Rate was -2.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Power Integrations was 19.70% per year. The lowest was 6.90% per year. And the median was 14.25% per year.

As of today (2024-04-28), Power Integrations's current stock price is $67.27. Power Integrations's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.92. Power Integrations's Cyclically Adjusted Price-to-FCF of today is 35.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Power Integrations was 73.22. The lowest was 23.76. And the median was 39.54.


Power Integrations Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Power Integrations's Cyclically Adjusted FCF per Share 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.

Power Integrations Cyclically Adjusted FCF per Share Chart

Power Integrations Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.32 1.63 1.96 1.92

Power Integrations Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.96 1.98 1.96 1.95 1.92

Competitive Comparison of Power Integrations's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Power Integrations'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.


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

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

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



Power Integrations Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Power Integrations's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.177/129.4194*129.4194
=0.177

Current CPI (Dec. 2023) = 129.4194.

Power Integrations Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.189 99.695 0.245
201406 0.335 100.560 0.431
201409 0.376 100.428 0.485
201412 0.113 99.070 0.148
201503 0.239 99.621 0.310
201506 0.387 100.684 0.497
201509 0.201 100.392 0.259
201512 0.360 99.792 0.467
201603 0.311 100.470 0.401
201606 0.354 101.688 0.451
201609 0.389 101.861 0.494
201612 0.393 101.863 0.499
201703 -0.008 102.862 -0.010
201706 0.125 103.349 0.157
201709 0.292 104.136 0.363
201712 0.398 104.011 0.495
201803 0.143 105.290 0.176
201806 0.376 106.317 0.458
201809 0.237 106.507 0.288
201812 0.215 105.998 0.263
201903 -0.044 107.251 -0.053
201906 0.244 108.070 0.292
201909 0.264 108.329 0.315
201912 2.849 108.420 3.401
202003 0.245 108.902 0.291
202006 0.439 108.767 0.522
202009 0.035 109.815 0.041
202012 0.187 109.897 0.220
202103 0.766 111.754 0.887
202106 0.953 114.631 1.076
202109 0.778 115.734 0.870
202112 0.491 117.630 0.540
202203 0.997 121.301 1.064
202206 0.919 125.017 0.951
202209 0.770 125.227 0.796
202212 0.318 125.222 0.329
202303 0.217 127.348 0.221
202306 0.053 128.729 0.053
202309 0.332 129.860 0.331
202312 0.177 129.419 0.177

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Power Integrations  (NAS:POWI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Power Integrations's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=67.27/1.92
=35.04

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Power Integrations was 73.22. The lowest was 23.76. And the median was 39.54.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Power Integrations Cyclically Adjusted FCF per Share Related Terms

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


Power Integrations (Power Integrations) Business Description

Industry
Traded in Other Exchanges
Address
5245 Hellyer Avenue, San Jose, CA, USA, 95138-1002
Power Integrations Inc design, develop and market analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. Products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. Products are used in electronic products including mobile phones, computing and networking equipment, appliances, electronic utility meters, battery-powered tools, industrial controls, and home-automation, or internet of things applications such as networked thermostats, power strips and security devices. Geographically, revenue is generated in China and Hong Kong.
Executives
Sandeep Nayyar officer: Chief Financial Officer C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Balu Balakrishnan officer: President & CEO C/O POWER INTEGRATIONS, 5245 HELLYER AVE, SAN JOSE CA 95138
David Mh Matthews officer: VP of Product Development 5245 HELLYER AVE, SAN JOSE CA 95138
Doug Bailey officer: VP Marketing 5245 HELLYER AVE, SAN JOSE CA 95138
Clifford Walker officer: VP of Corp Development C/O POWER INTEGRATIONS, 5245 HELLYER AVE, SAN JOSE CA 95138
Sunil Gupta officer: VP of Operations INTERSIL CORPORATION, 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Nicholas Brathwaite director C/O POWER INTEGRATIONS, 5245 HELLYER AVE, SAN JOSE CA 95138
Yang Chiah Yee officer: VP, Worldwide Sales 2911 ZANKER ROAD, SAN JOSE CA 95134
Radu Barsan officer: VP of Technology, Engineering 5245 HELLYER AVE, SAN JOSE CA 95138
Necip Sayiner director 400 W CESAR CHAVEZ, AUSTIN TX 78701
Ravi Vig director C/O ALLEGRO MICROSYSTEMS, INC., 955 PERIMETER ROAD, MANCHESTER NH 03103
Nancy Lee Gioia director 6555 WEST GOOD HOPE RD., MILWAUKEE WI 53223
Steven Sharp director C/O POWER INTEGRATIONS, 5245 HELLYER AVE, SAN JOSE CA 95138
Ben Sutherland officer: Acting VP of Sales 5245 HELLYER AVE, SAN JOSE CA 95138
Jennifer A Lloyd director 5245 HELLYER AVE, SAN JOSE CA 95138