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Marvell Technology (FRA:9MW) Cyclically Adjusted FCF per Share : €0.77 (As of Jan. 2024)


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What is Marvell Technology 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.

Marvell Technology's adjusted free cash flow per share for the three months ended in Jan. 2024 was €0.494. 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 €0.77 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Marvell Technology's average Cyclically Adjusted FCF Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.20% 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 Marvell Technology was 28.90% per year. The lowest was -6.60% per year. And the median was 0.80% per year.

As of today (2024-05-15), Marvell Technology's current stock price is €63.55. Marvell Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €0.77. Marvell Technology's Cyclically Adjusted Price-to-FCF of today is 82.53.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Marvell Technology was 125.38. The lowest was 9.01. And the median was 23.51.


Marvell Technology Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Marvell Technology'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.

Marvell Technology Cyclically Adjusted FCF per Share Chart

Marvell Technology Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.63 0.65 0.71 0.77

Marvell Technology Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.71 0.69 0.71 0.76 0.77

Competitive Comparison of Marvell Technology's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Marvell Technology'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.


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

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

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



Marvell Technology 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, Marvell Technology's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.494/129.4194*129.4194
=0.494

Current CPI (Jan. 2024) = 129.4194.

Marvell Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.293 100.023 0.379
201407 0.199 100.520 0.256
201410 0.242 100.176 0.313
201501 0.229 98.604 0.301
201504 0.066 99.824 0.086
201507 0.013 100.691 0.017
201510 0.100 100.346 0.129
201601 0.087 99.957 0.113
201604 -1.167 100.947 -1.496
201607 0.075 101.524 0.096
201610 0.187 101.988 0.237
201701 0.199 102.456 0.251
201704 0.222 103.167 0.278
201707 0.162 103.278 0.203
201710 0.341 104.070 0.424
201801 0.170 104.578 0.210
201804 0.184 105.708 0.225
201807 0.061 106.324 0.074
201810 0.366 106.695 0.444
201901 0.103 106.200 0.126
201904 0.196 107.818 0.235
201907 0.067 108.250 0.080
201910 0.060 108.577 0.072
202001 0.044 108.841 0.052
202004 0.189 108.173 0.226
202007 0.267 109.318 0.316
202010 0.279 109.861 0.329
202101 0.165 110.364 0.193
202104 -0.046 112.673 -0.053
202107 0.192 115.183 0.216
202110 0.193 116.696 0.214
202201 0.313 118.619 0.341
202204 0.171 121.978 0.181
202207 0.294 125.002 0.304
202210 0.430 125.734 0.443
202301 0.321 126.223 0.329
202304 0.113 127.992 0.114
202307 0.001 128.974 0.001
202310 0.492 129.810 0.491
202401 0.494 129.419 0.494

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


Marvell Technology  (FRA:9MW) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=63.55/0.77
=82.53

* 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 Marvell Technology was 125.38. The lowest was 9.01. And the median was 23.51.


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.


Marvell Technology Cyclically Adjusted FCF per Share Related Terms

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


Marvell Technology (FRA:9MW) Business Description

Industry
Address
1000 N. West Street, Suite 1200, Wilmington, DE, USA, 19801
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

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