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Intevac (Intevac) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Intevac Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Intevac Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Intevac'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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Intevac Cyclically Adjusted Price-to-FCF Chart

Intevac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Intevac 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 Intevac's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Intevac'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.


Intevac's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Intevac's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Intevac 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.

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

For example, Intevac'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)
=0.203/129.4194*129.4194
=0.203

Current CPI (Dec. 2023) = 129.4194.

Intevac Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.245 99.695 -0.318
201406 0.041 100.560 0.053
201409 0.026 100.428 0.034
201412 -0.092 99.070 -0.120
201503 -0.128 99.621 -0.166
201506 0.074 100.684 0.095
201509 -0.057 100.392 -0.073
201512 0.002 99.792 0.003
201603 -0.180 100.470 -0.232
201606 -0.128 101.688 -0.163
201609 0.036 101.861 0.046
201612 0.286 101.863 0.363
201703 -0.150 102.862 -0.189
201706 -0.135 103.349 -0.169
201709 0.056 104.136 0.070
201712 -0.063 104.011 -0.078
201803 -0.210 105.290 -0.258
201806 -0.048 106.317 -0.058
201809 0.244 106.507 0.296
201812 -0.198 105.998 -0.242
201903 0.026 107.251 0.031
201906 -0.043 108.070 -0.051
201909 -0.174 108.329 -0.208
201912 0.215 108.420 0.257
202003 -0.001 108.902 -0.001
202006 0.072 108.767 0.086
202009 0.158 109.815 0.186
202012 0.033 109.897 0.039
202103 0.095 111.754 0.110
202106 0.029 114.631 0.033
202109 -0.155 115.734 -0.173
202112 -0.004 117.630 -0.004
202203 -0.188 121.301 -0.201
202206 -0.304 125.017 -0.315
202209 0.580 125.227 0.599
202212 -0.461 125.222 -0.476
202303 -1.071 127.348 -1.088
202306 -0.389 128.729 -0.391
202309 -0.309 129.860 -0.308
202312 0.203 129.419 0.203

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.


Intevac  (NAS:IVAC) 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.


Intevac Cyclically Adjusted Price-to-FCF Related Terms

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


Intevac (Intevac) Business Description

Industry
Traded in Other Exchanges
Address
3560 Bassett Street, Santa Clara, CA, USA, 95054
Intevac Inc designs and develops high-productivity, thin-film processing systems. The company's production-proven platforms are designed for high-volume manufacturing of substrates with precise thin-film properties, such as the hard disk drive, display cover panel. The Thin Film Equipment segment also previously designed, developed and marketed manufacturing equipment for the photovoltaic solar cell and semiconductor packaging industries. Geographically, majority of revenue is generated from Asia.
Executives
Kevin Soulsby officer: Chief Financial Officer, 3560 BASSETT STREET, SANTA CLARA CA 95054
Nigel Hunton director, officer: President and CEO 3560 BASSETT STREET, SANTA CLARA CA 95056
Michele Klein director 469 MINOCA ROAD, PORTOLA VALLEY CA 94028
James P Moniz officer: Chief Financial Officer, 1383 E. CAMPBELL AVENUE, CAMPBELL CA 95008
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
David S Dury director C/O INTEVAC INC, 3560 BASSETT STREET, SANTA CLARA CA 95054
Kevin D Barber director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Dickinson Colin John officer: V.P. of Operations 3560 BASSETT STREET, SANTA CLARA CA 95054
Timothy Justyn officer: VP, Operations
Wendell Thomas Blonigan officer: President & CEO INTEVAC, INC., 3560 BASSETT STREET, SANTA CLARA CA 95054
Jay Cho officer: EVP & General Manager 3560 BASSETT STREET, SANTA CLARA CA 95054
Dorothy D Hayes director P.O. BOX 7850, ., MOUNTAIN VIEW CA 94039-7850
Stephen Jamison director 32 INDEPENDENCE ROAD, BEDFORD X1 01730
21 April Fund, Ltd. 10 percent owner Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205
Mark Popovich director 24 MACKENZIE LANE, COTO DE CAZA X1 92679

Intevac (Intevac) Headlines

From GuruFocus

Intevac to Announce First Quarter Results on May 9th

By Business Wire Business Wire 04-18-2022

Bleichroeder LP Buys 4, Sells 1 in 1st Quarter

By GuruFocus Research GuruFocus Editor 07-27-2022

John Dickinson to Join Intevac as Vice President of Operations

By Business Wire Business Wire 08-15-2022

Intevac Announces $54 Million Order for 200 Lean Systems

By Business Wire Business Wire 04-04-2022

Intevac to Announce Second Quarter Results on August 3rd

By Business Wire Business Wire 07-12-2022

Intevac Announces Participation in 25th Annual Needham Growth Conference

By Business Wire Business Wire 01-03-2023

Intevac Announces $12 Million Order for HDD Technology Upgrades

By Business Wire Business Wire 10-26-2022