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Rambus (LTS:0QYL) Cyclically Adjusted FCF per Share : $1.34 (As of Mar. 2024)


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What is Rambus 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.

Rambus's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.328. 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 $1.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rambus's average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 20.20% 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 Rambus was 33.00% per year. The lowest was -17.00% per year. And the median was 16.10% per year.

As of today (2024-06-04), Rambus's current stock price is $54.85. Rambus's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.34. Rambus's Cyclically Adjusted Price-to-FCF of today is 40.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Rambus was 66.77. The lowest was 13.41. And the median was 38.26.


Rambus Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Rambus'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.

Rambus Cyclically Adjusted FCF per Share Chart

Rambus 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 0.57 0.69 0.86 1.14 1.30

Rambus 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 1.18 1.26 1.28 1.30 1.34

Competitive Comparison of Rambus's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Rambus'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.


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

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

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



Rambus 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, Rambus'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)
=0.328/131.7762*131.7762
=0.328

Current CPI (Mar. 2024) = 131.7762.

Rambus Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.075 100.560 0.098
201409 0.192 100.428 0.252
201412 0.207 99.070 0.275
201503 0.117 99.621 0.155
201506 0.178 100.684 0.233
201509 0.114 100.392 0.150
201512 0.196 99.792 0.259
201603 0.144 100.470 0.189
201606 0.272 101.688 0.352
201609 0.088 101.861 0.114
201612 0.266 101.863 0.344
201703 0.132 102.862 0.169
201706 0.211 103.349 0.269
201709 0.117 104.136 0.148
201712 0.507 104.011 0.642
201803 0.138 105.290 0.173
201806 0.001 106.317 0.001
201809 0.269 106.507 0.333
201812 0.284 105.998 0.353
201903 0.256 107.251 0.315
201906 0.330 108.070 0.402
201909 0.218 108.329 0.265
201912 0.296 108.420 0.360
202003 0.313 108.902 0.379
202006 0.451 108.767 0.546
202009 0.317 109.815 0.380
202012 0.294 109.897 0.353
202103 0.320 111.754 0.377
202106 0.434 114.631 0.499
202109 0.385 115.734 0.438
202112 0.575 117.630 0.644
202203 0.345 121.301 0.375
202206 0.459 125.017 0.484
202209 0.659 125.227 0.693
202212 0.432 125.222 0.455
202303 0.280 127.348 0.290
202306 0.392 128.729 0.401
202309 0.394 129.860 0.400
202312 0.491 129.419 0.500
202403 0.328 131.776 0.328

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


Rambus  (LTS:0QYL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=54.85/1.34
=40.93

* 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 Rambus was 66.77. The lowest was 13.41. And the median was 38.26.


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.


Rambus Cyclically Adjusted FCF per Share Related Terms

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


Rambus (LTS:0QYL) Business Description

Industry
Traded in Other Exchanges
Address
4453 North First Street, Suite 100, San Jose, CA, USA, 95134
Rambus Inc is a semiconductor solutions provider offering high-speed, high-security computer chips and Silicon intellectual property. The company's Key products include memory interface chips, built for high speed and efficiency; silicon IP, providing high-speed memory and chip-to-chip connection technology; and architecture licenses, which allow customers to use portions of Rambus' patented inventions for their own digital electronics. The firm receives the majority of its revenue from the United States, Taiwan, Asia-Other, Japan and Singapore.

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