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InterDigital (InterDigital) Cyclically Adjusted Price-to-FCF : 17.53 (As of May. 16, 2024)


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What is InterDigital Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), InterDigital's current share price is $108.87. InterDigital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.21. InterDigital's Cyclically Adjusted Price-to-FCF for today is 17.53.

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

IDCC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.1   Med: 16.17   Max: 30.86
Current: 17.54

During the past years, InterDigital's highest Cyclically Adjusted Price-to-FCF was 30.86. The lowest was 8.10. And the median was 16.17.

IDCC's Cyclically Adjusted Price-to-FCF is ranked better than
69.67% of 676 companies
in the Software industry
Industry Median: 28.905 vs IDCC: 17.54

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.

InterDigital's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.459. 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 $6.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


InterDigital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for InterDigital'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.

InterDigital Cyclically Adjusted Price-to-FCF Chart

InterDigital 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 13.47 14.41 14.40 8.66 18.02

InterDigital 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 13.24 19.56 13.17 18.02 17.15

Competitive Comparison of InterDigital's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, InterDigital'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.


InterDigital's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



InterDigital 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=108.87/6.21
=17.53

* 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.

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

For example, InterDigital'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)
=1.459/129.4194*129.4194
=1.459

Current CPI (Mar. 2024) = 129.4194.

InterDigital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.039 100.560 -0.050
201409 3.652 100.428 4.706
201412 1.149 99.070 1.501
201503 -0.737 99.621 -0.957
201506 0.468 100.684 0.602
201509 -0.212 100.392 -0.273
201512 2.481 99.792 3.218
201603 0.155 100.470 0.200
201606 5.219 101.688 6.642
201609 -0.559 101.861 -0.710
201612 6.268 101.863 7.964
201703 -0.936 102.862 -1.178
201706 0.282 103.349 0.353
201709 2.681 104.136 3.332
201712 5.847 104.011 7.275
201803 -0.254 105.290 -0.312
201806 -0.085 106.317 -0.103
201809 4.513 106.507 5.484
201812 -1.127 105.998 -1.376
201903 -1.253 107.251 -1.512
201906 -1.050 108.070 -1.257
201909 3.738 108.329 4.466
201912 0.278 108.420 0.332
202003 -1.124 108.902 -1.336
202006 1.932 108.767 2.299
202009 2.743 109.815 3.233
202012 0.335 109.897 0.395
202103 -0.636 111.754 -0.737
202106 -1.232 114.631 -1.391
202109 2.781 115.734 3.110
202112 2.019 117.630 2.221
202203 -0.901 121.301 -0.961
202206 -1.486 125.017 -1.538
202209 -0.928 125.227 -0.959
202212 11.487 125.222 11.872
202303 -1.237 127.348 -1.257
202306 -2.114 128.729 -2.125
202309 10.822 129.860 10.785
202312 -1.341 129.419 -1.341
202403 1.459 129.419 1.459

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.


InterDigital  (NAS:IDCC) 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.


InterDigital Cyclically Adjusted Price-to-FCF Related Terms

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


InterDigital (InterDigital) Business Description

Industry
Traded in Other Exchanges
Address
200 Bellevue Parkway, Suite 300, Wilmington, DE, USA, 19809-3727
InterDigital Inc is a research and development company focused on wireless, visual, and related technologies. It designs and develops technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. The majority of revenue is generated from fixed-fee patent license agreements, with a smaller portion coming from variable royalty agreements. Geographically it operates in the United States, China, South Korea, Japan, Taiwan, and Europe, Out of which the majority is from the United States.
Executives
Joshua D. Schmidt officer: CLO & Corp Sec 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809
Rajesh Pankaj officer: Chief Technology Officer 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809
Eeva K. Hakoranta officer: Chief Licensing Officer 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809
Eric Cohen officer: Chief Strategy& Growth Officer 5220 LAS VIRGENES ROAD, CALABASAS CA 91302
Pierre-yves Lesaicherre director C/O INTERDIGITAL, INC., 200 BELLEVUE PKWY, STE 300, WILMINGTON DE 19809
Markley John D. Jr. director COLUMBIA CAPITAL, 201 NORTH UNION STREET, SUITE VA 22314
Samir Armaly director C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
John A Kritzmacher director C/O GLOBAL CROSSING LIMITED, 200 PARK AVENUE, SUITE 300, FLORHAM PARK NJ 07932
Jean F Rankin director 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Richard Brezski officer: Chief Accounting Officer 781 THIRD AVENUE, KING OF PRUSSIA PA 19406-1409
Derek K Aberle director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Henry Tirri officer: Chief Technology Officer 400 ATLANTIC STREET, SUITE 1500, STAMFORD CT 06901
Stewart D Hutcheson director 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Joan H Gillman director C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Lawrence Liren Chen director, officer: President and CEO 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809