GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Ltd (LTS:0YAA) » Definitions » Cyclically Adjusted FCF per Share

Nova (LTS:0YAA) Cyclically Adjusted FCF per Share : ₪9.60 (As of Dec. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Nova 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.

Nova's adjusted free cash flow per share for the three months ended in Dec. 2024 was ₪6.761. 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 ₪9.60 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Nova's average Cyclically Adjusted FCF Growth Rate was 29.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 27.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 21.50% 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 Nova was 31.10% per year. The lowest was 5.30% per year. And the median was 18.05% per year.

As of today (2025-05-10), Nova's current stock price is ₪725.00. Nova's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ₪9.60. Nova's Cyclically Adjusted Price-to-FCF of today is 75.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nova was 113.57. The lowest was 19.50. And the median was 52.14.


Nova Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nova'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.

Nova Cyclically Adjusted FCF per Share Chart

Nova Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 3.95 6.00 7.28 9.60

Nova Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 7.28 8.07 8.98 8.61 9.60

Competitive Comparison of Nova's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, Nova'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.


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

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

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


;
;

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=6.761/133.1571*133.1571
=6.761

Current CPI (Dec. 2024) = 133.1571.

Nova Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.092 99.621 0.123
201506 0.445 100.684 0.589
201509 0.865 100.392 1.147
201512 1.353 99.792 1.805
201603 -0.621 100.470 -0.823
201606 0.383 101.688 0.502
201609 -0.316 101.861 -0.413
201612 -0.385 101.863 -0.503
201703 2.803 102.862 3.629
201706 2.426 103.349 3.126
201709 1.061 104.136 1.357
201712 0.628 104.011 0.804
201803 1.460 105.290 1.846
201806 0.843 106.317 1.056
201809 0.338 106.507 0.423
201812 1.478 105.998 1.857
201903 1.924 107.251 2.389
201906 -0.836 108.070 -1.030
201909 0.164 108.329 0.202
201912 1.159 108.420 1.423
202003 1.431 108.902 1.750
202006 2.210 108.767 2.706
202009 2.350 109.815 2.850
202012 0.599 109.897 0.726
202103 3.928 111.754 4.680
202106 2.978 114.631 3.459
202109 6.154 115.734 7.080
202112 2.107 117.630 2.385
202203 1.018 121.301 1.118
202206 2.314 125.017 2.465
202209 3.001 125.227 3.191
202212 4.613 125.222 4.905
202303 2.261 127.348 2.364
202306 2.318 128.729 2.398
202309 4.777 129.860 4.898
202312 2.416 129.419 2.486
202403 6.242 131.776 6.307
202406 6.363 132.554 6.392
202409 4.732 133.029 4.737
202412 6.761 133.157 6.761

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


Nova  (LTS:0YAA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=725.00/9.60
=75.52

* 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 Nova was 113.57. The lowest was 19.50. And the median was 52.14.


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.


Nova Cyclically Adjusted FCF per Share Related Terms

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


Nova Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Ltd (LTS:0YAA) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
5 David Fikes Street, Rehovot, ISR, 7632805
Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates the majority of its revenue from China. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.

Nova Headlines

No Headlines