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Amtech Systems (Amtech Systems) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Amtech Systems Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Amtech Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Amtech Systems'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.

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Amtech Systems Cyclically Adjusted Price-to-FCF Chart

Amtech Systems Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Amtech Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Amtech Systems's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Amtech Systems'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.


Amtech Systems's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Amtech Systems 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.

Amtech Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Amtech Systems'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)
=0.297/129.4194*129.4194
=0.297

Current CPI (Dec. 2023) = 129.4194.

Amtech Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.514 99.695 0.667
201406 -0.494 100.560 -0.636
201409 -0.464 100.428 -0.598
201412 0.177 99.070 0.231
201503 -0.405 99.621 -0.526
201506 -0.746 100.684 -0.959
201509 0.168 100.392 0.217
201512 -0.826 99.792 -1.071
201603 0.325 100.470 0.419
201606 -0.266 101.688 -0.339
201609 -0.045 101.861 -0.057
201612 -0.275 101.863 -0.349
201703 1.137 102.862 1.431
201706 -0.059 103.349 -0.074
201709 1.571 104.136 1.952
201712 -0.962 104.011 -1.197
201803 -0.230 105.290 -0.283
201806 -0.215 106.317 -0.262
201809 0.420 106.507 0.510
201812 -0.056 105.998 -0.068
201903 -0.176 107.251 -0.212
201906 0.222 108.070 0.266
201909 -0.029 108.329 -0.035
201912 -0.024 108.420 -0.029
202003 0.090 108.902 0.107
202006 -0.196 108.767 -0.233
202009 -0.177 109.815 -0.209
202012 -0.007 109.897 -0.008
202103 -0.043 111.754 -0.050
202106 -0.199 114.631 -0.225
202109 -0.374 115.734 -0.418
202112 0.169 117.630 0.186
202203 -0.207 121.301 -0.221
202206 0.374 125.017 0.387
202209 -0.049 125.227 -0.051
202212 -0.195 125.222 -0.202
202303 -0.252 127.348 -0.256
202306 -0.197 128.729 -0.198
202309 -0.108 129.860 -0.108
202312 0.297 129.419 0.297

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.


Amtech Systems  (NAS:ASYS) 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.


Amtech Systems Cyclically Adjusted Price-to-FCF Related Terms

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Amtech Systems (Amtech Systems) Business Description

Industry
Traded in Other Exchanges
Address
131 South Clark Drive, Tempe, AZ, USA, 85288
Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies, and light-emitting diodes (LEDs). the company has two segments; Semiconductor; it designs, manufactures, sells, and services thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive, and other industries; and Material and Substrate - it produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components.
Executives
Robert C Daigle director C/O: ROGERS CORPORATION, ONE TECHNOLOGY DRIVE PO BOX 188, ROGERS CT 06263-0188
Robert M Averick director, 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Michael M Ludwig director C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Michael Whang officer: Vice President of Operations 131 S CLARK DRIVE, TEMPE AZ 85281
Jong S Whang director, officer: Executive Chairman
Robert F King director C/O AMTECH SYSTEMS INC, 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Lisa Gibbs officer: VP & Chief Accounting Officer 131 S CLARK DRIVE, TEMPE AZ 85281
Robert T Hass officer: Interim CFO C/O AMTECH SYSTEMS INC, 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Cornice Fiduciary Management Llc 10 percent owner C/O WILLOW STREET GROUP, LLC, 270 W. PEARL AVENUE, SUITE 104, JACKSON WY 83001
Fokko Pentinga director, officer: President and CEO TEMPRESS SYSTEMS, B.V., RADEWEG 31, VAASSEN P7 8171 MD
Wansem Paul J Van Der director, officer: See Remarks 597 LOWELL ROAD, CONCORD MA 01742
Michael Garnreiter director 6735 E. GREENWAY PARKWAY, UNIT #2049, SCOTTSDALE AZ 85254
Sukesh Mohan director C/O EL CAMINO TECHNOLOGIES LLC, 6200 STONERIDGE MALL ROAD, SUITE 300, PLEASANTON CA 94588
Bradley Clark Anderson officer: Chief Financial Officer 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Goudena Egbert J. G. director 131 SOUTH CLARK DRIVE, TEMPE AZ 85281