GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SemiLEDs Corp (NAS:LEDS) » Definitions » Cyclically Adjusted Price-to-FCF

SemiLEDs (SemiLEDs) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


View and export this data going back to 2010. Start your Free Trial

What is SemiLEDs Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


SemiLEDs Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SemiLEDs'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.

SemiLEDs Cyclically Adjusted Price-to-FCF Chart

SemiLEDs Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

SemiLEDs Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - - - -

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

For the Semiconductors subindustry, SemiLEDs'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.


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

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

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



SemiLEDs 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.

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

For example, SemiLEDs's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-0.127/129.4194*129.4194
=-0.127

Current CPI (Feb. 2024) = 129.4194.

SemiLEDs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 -1.681 100.373 -2.167
201408 -0.963 100.352 -1.242
201411 -1.156 99.635 -1.502
201502 -0.630 99.032 -0.823
201505 -0.063 100.333 -0.081
201508 -0.304 100.548 -0.391
201511 -0.318 100.135 -0.411
201602 -0.401 100.040 -0.519
201605 -0.523 101.355 -0.668
201608 -0.231 101.617 -0.294
201611 -0.338 101.829 -0.430
201702 -0.189 102.779 -0.238
201705 -0.260 103.256 -0.326
201708 0.139 103.587 0.174
201711 -0.043 104.072 -0.053
201802 0.052 105.052 0.064
201805 -0.156 106.148 -0.190
201808 -0.280 106.383 -0.341
201811 -0.363 106.338 -0.442
201902 -0.210 106.649 -0.255
201905 -0.252 108.048 -0.302
201908 -0.202 108.245 -0.242
201911 -0.106 108.519 -0.126
202002 0.005 109.139 0.006
202005 -0.178 108.175 -0.213
202008 -0.062 109.662 -0.073
202011 0.010 109.793 0.012
202102 -0.192 110.968 -0.224
202105 -0.053 113.576 -0.060
202108 -0.199 115.421 -0.223
202111 -0.143 117.269 -0.158
202202 -0.100 119.703 -0.108
202205 -0.190 123.323 -0.199
202208 0.031 124.958 0.032
202211 0.069 125.607 0.071
202302 -0.105 126.928 -0.107
202305 -0.142 128.314 -0.143
202308 -0.069 129.538 -0.069
202311 -0.029 129.548 -0.029
202402 -0.127 129.419 -0.127

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.


SemiLEDs  (NAS:LEDS) 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.


SemiLEDs Cyclically Adjusted Price-to-FCF Related Terms

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


SemiLEDs (SemiLEDs) Business Description

Industry
Traded in Other Exchanges
Address
3rd Floor, No.11 Ke Jung Road, Chu-Nan Site. Chu-Nan 350, Hsinchu Science Park, Miao-Li County, Miao-Li, TWN, 350
SemiLEDs Corp develops, manufacture, and sells light-emitting diode chips and LED components. The company's products include LED Chips, LED Components, and Lighting Products. Its products are used for general lighting applications, that includes street lights and commercial, industrial, system and residential lighting; specialty industrial applications, such as ultraviolet, or Ultraviolet, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting. Substantial revenue is generated from the sale of LED components products. Geographically, it derives a majority of its revenue from the United States.
Executives
Hsin-liang Christopher Lee officer: Chief Financial Officer 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO LI COUNTY, CHU-HAN F5 F5 350
Scott R. Simplot director, 10 percent owner 999 MAIN STREET, SUITE 1300, BOISE ID 83702
J.r. Simplot Co 10 percent owner 999 MAIN STREET, SUITE 1300, BOISE ID 83702
Semileds Corp officer: CFO 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO-LI COUNTY, CHU-NAN F5 350
Roger Lee director C/O SEMILEDS CORPORATION, 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, TAIWAN F5 00000
Well Thrive Ltd 10 percent owner NO. 79, HENG YANG ROAD, TAIPEI F5 100
Sheng-chun Chang 10 percent owner NO. 79, HENG YANG ROAD, TAIPEI F5 100
Peter Chiou director C/O SEMILEDS CORPORATION, 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, MIAO-LI COUNTY CA 350
Walter Michael Gough director C/O SEMILEDS CORPORATION, 3F, NO.11 KE JUNG RD., CHU-NAN SITE, MIAO-LI COUNTY F5 00000
Del Prado Arthur H director 10 JAN VAN EYCKLAAN, BILTHOVEN P7 3723 BC
Anh Chuong Tran director, 10 percent owner, officer: President and COO 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO-LI COUNTY, CHU-NAN F5 350
Chen-hao Timothy Lin officer: Chief Financial Officer 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO-LI COUNTY, CHU-NAN F5 350
Ilkan Cokgor officer: Exec VP of Sales & Marketing 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO-LI COUNTY, CHU-NAN F5 350
Hsieh Edward Kuan Hsiung director 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO-LI COUNTI, CHU-NAN F5 350
Yingku (adam) Lin officer: VP Bus. Dev. & General Counsel 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO-LI COUNTY, CHU-NAN F5 350