Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Free Cash Flow per Share growth rate.
Competitive Comparison of Newport's 3-Year FCF Growth Rate
For the Scientific & Technical Instruments subindustry, Newport's 3-Year FCF Growth Rate, along with its competitors' market caps and 3-Year FCF Growth Rate 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.
Newport's 3-Year FCF Growth Rate Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Newport's 3-Year FCF Growth Rate distribution charts can be found below:
* The bar in red indicates where Newport's 3-Year FCF Growth Rate falls into.
Newport 3-Year FCF Growth Rate Calculation
This is the 3-year average growth rate of Free Cash Flow per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Free Cash Flow per Share growth rate.
Free Cash Flow per Share is the amount of Free Cash Flow per outstanding share of the company's stock. Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company. It's used in the calculation of Forward Rate of Return (Yacktman) %.
Newport 3-Year FCF Growth Rate Related Terms
Thank you for viewing the detailed overview of Newport's 3-Year FCF Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.
Newport Corp was established in 1969 as Newport Research Corporation. In 1978, Newport Research Corporation merged into James Dole Corporation, an entity which was incorporated in Nevada in 1938, and the company was renamed Newport Corporation following the merger. The Company is a supplier of advanced technology products and systems to a wide range of industries, including scientific research, microelectronics, defense and security, life and health sciences, and industrial markets. It also provides a broad portfolio of products to customers in these end markets, allowing it to offer them an end-to-end resource for photonics solutions. In January 2013, Company reorganized its operations to create three new operating groups: Photonics Group, Lasers Group and Optics Group. Its Lasers Group is substantially the same as former Lasers Division. Photonics Group is comprised of the photonics products and technologies of former PPT Division and Ophir Division. Optics Group is comprised of the optical components and integrated solutions products and technologies of former PPT Division and Ophir Division. Photonics Group's products and systems are sold to end users in all of target end markets. The products sold by this group include photonics instruments and systems, precision positioning systems and subsystems, vibration isolation systems and subsystems, optical components for research applications, optical hardware, and three-dimensional non-contact measurement sensors and equipment. Lasers Group offers a broad portfolio of laser technology products and services to OEM and end-user customers in all of target end markets. Its lasers and laser-based systems include ultrafast lasers and amplifiers, diode-pumped solid-state lasers, high-energy pulsed lasers, tunable lasers, fiber lasers and gas lasers. Optics Group offers precision optics and lens assemblies, thin-film filters and coatings, replicated mirrors and ruled and holographic diffraction gratings to OEM and end-user customers in target end markets. This business was sold in January 2014. Its competitors include: Coherent, Inc., Sciencetech, Inc., Optometrics Corporation, Corning, Inc., among others. The Company's lasers and laser-based systems are subject to the laser radiation safety regulations of the Radiation Control for Health and Safety Act administered by the Center for Devices and Radiological Health of the United States Food and Drug Administration.
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