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STMicroelectronics NV (STMicroelectronics NV) Cyclically Adjusted Price-to-FCF : 51.66 (As of Apr. 27, 2024)


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What is STMicroelectronics NV Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), STMicroelectronics NV's current share price is $41.33. STMicroelectronics NV's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.80. STMicroelectronics NV's Cyclically Adjusted Price-to-FCF for today is 51.66.

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

STM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.43   Med: 67.92   Max: 179.26
Current: 55.33

During the past years, STMicroelectronics NV's highest Cyclically Adjusted Price-to-FCF was 179.26. The lowest was 13.43. And the median was 67.92.

STM's Cyclically Adjusted Price-to-FCF is ranked worse than
64.52% of 341 companies
in the Semiconductors industry
Industry Median: 35.23 vs STM: 55.33

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.

STMicroelectronics NV's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.399. 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 $0.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


STMicroelectronics NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for STMicroelectronics NV'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.

STMicroelectronics NV Cyclically Adjusted Price-to-FCF Chart

STMicroelectronics NV 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 100.67 127.83 111.58 58.90 63.12

STMicroelectronics NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 58.90 82.39 73.18 59.40 63.12

Competitive Comparison of STMicroelectronics NV's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, STMicroelectronics NV'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.


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

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

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



STMicroelectronics NV 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.33/0.8
=51.66

* 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.

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

For example, STMicroelectronics NV'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)
=0.399/106.4611*106.4611
=0.399

Current CPI (Dec. 2023) = 106.4611.

STMicroelectronics NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.082 101.224 -0.086
201406 -0.317 101.517 -0.332
201409 0.356 101.247 0.374
201412 0.220 100.704 0.233
201503 0.062 100.339 0.066
201506 -0.132 100.464 -0.140
201509 0.248 99.785 0.265
201512 0.142 99.386 0.152
201603 0.034 99.475 0.036
201606 -0.096 100.088 -0.102
201609 0.351 99.604 0.375
201612 0.151 99.380 0.162
201703 0.063 100.040 0.067
201706 -0.093 100.285 -0.099
201709 0.075 100.254 0.080
201712 0.157 100.213 0.167
201803 0.104 100.836 0.110
201806 -0.033 101.435 -0.035
201809 0.144 101.246 0.151
201812 0.401 100.906 0.423
201903 0.010 101.571 0.010
201906 -0.053 102.044 -0.055
201909 0.189 101.396 0.198
201912 0.563 101.063 0.593
202003 0.122 101.048 0.129
202006 -0.101 100.743 -0.107
202009 0.072 100.585 0.076
202012 0.557 100.241 0.592
202103 0.278 100.800 0.294
202106 0.177 101.352 0.186
202109 0.496 101.533 0.520
202112 0.329 101.776 0.344
202203 0.086 103.205 0.089
202206 0.262 104.783 0.266
202209 0.736 104.835 0.747
202212 0.621 104.666 0.632
202303 0.217 106.245 0.217
202306 0.186 106.576 0.186
202309 0.741 106.570 0.740
202312 0.399 106.461 0.399

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.


STMicroelectronics NV  (NYSE:STM) 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.


STMicroelectronics NV Cyclically Adjusted Price-to-FCF Related Terms

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STMicroelectronics NV (STMicroelectronics NV) Business Description

Industry
Address
39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, CHE, 1228
A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicroelectronics is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. It is an especially prominent chip supplier to the industrial and automotive industries.