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Quarterhill (FRA:WJL) Cyclically Adjusted FCF per Share : €0.10 (As of Mar. 2024)


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What is Quarterhill 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.

Quarterhill's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.088. 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 €0.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Quarterhill's average Cyclically Adjusted FCF Growth Rate was -21.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.80% 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 Quarterhill was 141.00% per year. The lowest was -5.00% per year. And the median was 23.60% per year.

As of today (2024-05-21), Quarterhill's current stock price is €1.11. Quarterhill's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.10. Quarterhill's Cyclically Adjusted Price-to-FCF of today is 11.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Quarterhill was 279.00. The lowest was 6.32. And the median was 11.92.


Quarterhill Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Quarterhill'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.

Quarterhill Cyclically Adjusted FCF per Share Chart

Quarterhill Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.13 0.11 0.13 0.12

Quarterhill Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.12 0.12 0.13 0.12 0.10

Competitive Comparison of Quarterhill's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Quarterhill'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.


Quarterhill's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.088/126.2576*126.2576
=-0.088

Current CPI (Mar. 2024) = 126.2576.

Quarterhill Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.006 99.473 0.008
201409 -0.055 99.394 -0.070
201412 0.108 98.367 0.139
201503 0.010 99.789 0.013
201506 0.044 100.500 0.055
201509 -0.069 100.421 -0.087
201512 0.056 99.947 0.071
201603 0.088 101.054 0.110
201606 0.126 102.002 0.156
201609 0.024 101.765 0.030
201612 0.057 101.449 0.071
201703 0.066 102.634 0.081
201706 0.022 103.029 0.027
201709 0.065 103.345 0.079
201712 0.348 103.345 0.425
201803 -0.046 105.004 -0.055
201806 -0.018 105.557 -0.022
201809 -0.067 105.636 -0.080
201812 0.066 105.399 0.079
201903 -0.090 106.979 -0.106
201906 0.258 107.690 0.302
201909 -0.105 107.611 -0.123
201912 -0.014 107.769 -0.016
202003 0.047 107.927 0.055
202006 -0.040 108.401 -0.047
202009 0.023 108.164 0.027
202012 0.161 108.559 0.187
202103 -0.034 110.298 -0.039
202106 0.010 111.720 0.011
202109 -0.067 112.905 -0.075
202112 -0.026 113.774 -0.029
202203 -0.052 117.646 -0.056
202206 0.488 120.806 0.510
202209 -0.196 120.648 -0.205
202212 -0.029 120.964 -0.030
202303 -0.078 122.702 -0.080
202306 -0.132 124.203 -0.134
202309 -0.022 125.230 -0.022
202312 -0.020 125.072 -0.020
202403 -0.088 126.258 -0.088

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


Quarterhill  (FRA:WJL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.11/0.1
=11.10

* 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 Quarterhill was 279.00. The lowest was 6.32. And the median was 11.92.


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.


Quarterhill Cyclically Adjusted FCF per Share Related Terms

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


Quarterhill (FRA:WJL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quarterhill Inc (FRA:WJL) » Definitions » Cyclically Adjusted FCF per Share
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Address
25 King Street West, Suite 1101, Toronto, ON, CAN, M5L 2A1
Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world. The majority of the revenue comes from the United States.

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