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PLAB (Photronics) Cyclically Adjusted FCF per Share : $1.09 (As of Apr. 2025)


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What is Photronics Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Photronics's adjusted free cash flow per share for the three months ended in Apr. 2025 was $-0.477. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.09 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Photronics's average Cyclically Adjusted FCF Growth Rate was 18.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 43.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 30.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% per year. 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 Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Photronics was 92.10% per year. The lowest was -125.70% per year. And the median was 2.70% per year.

As of today (2025-07-23), Photronics's current stock price is $19.47. Photronics's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was $1.09. Photronics's Cyclically Adjusted Price-to-FCF of today is 17.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Photronics was 56.54. The lowest was 12.30. And the median was 26.50.


Photronics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Photronics's Cyclically Adjusted FCF per Share 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.

Photronics Cyclically Adjusted FCF per Share Chart

Photronics Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.35 0.59 0.81 1.03

Photronics Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted FCF per Share 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 0.92 0.99 1.03 1.14 1.09

Competitive Comparison of Photronics's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, Photronics'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.


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

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

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


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Photronics Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Photronics's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=-0.477/135.3468*135.3468
=-0.477

Current CPI (Apr. 2025) = 135.3468.

Photronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 0.277 100.691 0.372
201510 0.212 100.346 0.286
201601 0.276 99.957 0.374
201604 0.108 100.947 0.145
201607 0.220 101.524 0.293
201610 0.341 101.988 0.453
201701 0.317 102.456 0.419
201704 0.156 103.167 0.205
201707 0.033 103.278 0.043
201710 -0.448 104.070 -0.583
201801 0.286 104.578 0.370
201804 -0.347 105.708 -0.444
201807 0.383 106.324 0.488
201810 0.205 106.695 0.260
201901 -1.882 106.200 -2.399
201904 -0.234 107.818 -0.294
201907 0.091 108.250 0.114
201910 0.397 108.577 0.495
202001 0.256 108.841 0.318
202004 0.217 108.173 0.272
202007 0.157 109.318 0.194
202010 0.473 109.861 0.583
202101 0.139 110.364 0.170
202104 -0.384 112.673 -0.461
202107 0.587 115.183 0.690
202110 0.340 116.696 0.394
202201 0.656 118.619 0.749
202204 0.467 121.978 0.518
202207 1.323 125.002 1.432
202210 0.213 125.734 0.229
202301 -0.056 126.223 -0.060
202304 0.900 127.992 0.952
202307 1.046 128.974 1.098
202310 0.870 129.810 0.907
202401 -0.029 130.124 -0.030
202404 0.905 132.289 0.926
202407 0.812 132.708 0.828
202410 0.401 133.182 0.408
202501 0.690 134.029 0.697
202504 -0.477 135.347 -0.477

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Photronics  (NAS:PLAB) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Photronics's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=19.47/1.09
=17.86

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Photronics was 56.54. The lowest was 12.30. And the median was 26.50.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Photronics Cyclically Adjusted FCF per Share Related Terms

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


Photronics Business Description

Industry
Traded in Other Exchanges
Address
15 Secor Road, Brookfield, CT, USA, 06804
Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz or glass plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue world-wide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.
Executives
Walter M Fiederowicz director 15 SECOR ROAD, BROOKFIELD CT 06804
Kang Jyh Lee officer: President, Asia IC Photomask 15 SECOR ROAD, BROOKFIELD CT 06804
Christopher J Progler officer: VP,Chief Technology Officer 15 SECOR ROAD, BROOKFIELD CT 06804
Adam M Lewis director 15 SECOR ROAD, BROOKFIELD CT 06804
Mitchell G Tyson director 15 SECOR ROAD, BROOKFIELD CT 06804
Peter S Kirlin officer: Senior VP, U.S. & Europe 15 SECOR ROAD, BROOKFIELD CT 06804
Richelle E Burr officer: VP, General Counsel & Secy 15 SECOR RD, BROOKFIELD CT 06804
John P Jordan officer: SVP & Chief Financial Officer 600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
Daniel Jl Liao director 2045 EAST INNOVATION CIRCLE, TEMPE AZ 85284
Fiorita Joseph A Jr director 15 SECOR ROAD, BROOKFIELD CT 06804
Mary Paladino director 15 SECOR ROAD, BROOKFIELD CT 06804
George Macricostas director 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Macricostas Constantine S director 15 SECOR ROAD, P.O. BOX 5226, BROOKFIELD CT 06804
Sean T Smith officer: VP and Chief Financial Officer 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Liang Choo Hsia director 15 SECOR RD., BROOKFIELD CT 06804