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Win Semiconductors (LUX:191919) Cyclically Adjusted FCF per Share : $0.34 (As of Mar. 2024)


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What is Win Semiconductors 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.

Win Semiconductors's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.372. 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 $0.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Win Semiconductors's average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.30% 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 Win Semiconductors was 4.30% per year. The lowest was -3.40% per year. And the median was 0.45% per year.

As of today (2024-06-05), Win Semiconductors's current stock price is $19.20. Win Semiconductors's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.34. Win Semiconductors's Cyclically Adjusted Price-to-FCF of today is 56.47.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Win Semiconductors was 219.95. The lowest was 44.19. And the median was 90.71.


Win Semiconductors Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Win Semiconductors'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.

Win Semiconductors Cyclically Adjusted FCF per Share Chart

Win Semiconductors 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 0.19 0.12 0.13 0.36 0.28

Win Semiconductors 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 0.24 0.26 0.33 0.28 0.34

Competitive Comparison of Win Semiconductors's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Win Semiconductors'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.


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

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

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



Win Semiconductors 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, Win Semiconductors'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)
=0.372/131.7762*131.7762
=0.372

Current CPI (Mar. 2024) = 131.7762.

Win Semiconductors Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.136 100.560 0.178
201409 0.301 100.428 0.395
201412 0.431 99.070 0.573
201503 0.076 99.621 0.101
201506 0.226 100.684 0.296
201509 0.037 100.392 0.049
201512 0.075 99.792 0.099
201603 -0.047 100.470 -0.062
201606 -0.009 101.688 -0.012
201609 0.089 101.861 0.115
201612 0.174 101.863 0.225
201703 -0.002 102.862 -0.003
201706 0.242 103.349 0.309
201709 0.129 104.136 0.163
201712 0.377 104.011 0.478
201803 -0.168 105.290 -0.210
201806 -0.056 106.317 -0.069
201809 -0.226 106.507 -0.280
201812 0.376 105.998 0.467
201903 0.051 107.251 0.063
201906 -0.164 108.070 -0.200
201909 0.631 108.329 0.768
201912 0.518 108.420 0.630
202003 0.278 108.902 0.336
202006 -0.244 108.767 -0.296
202009 -0.060 109.815 -0.072
202012 -0.004 109.897 -0.005
202103 0.049 111.754 0.058
202106 -0.422 114.631 -0.485
202109 0.093 115.734 0.106
202112 0.119 117.630 0.133
202203 0.244 121.301 0.265
202206 -0.304 125.017 -0.320
202209 -0.645 125.227 -0.679
202212 0.254 125.222 0.267
202303 -0.370 127.348 -0.383
202306 0.316 128.729 0.323
202309 -0.057 129.860 -0.058
202312 0.485 129.419 0.494
202403 0.372 131.776 0.372

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


Win Semiconductors  (LUX:191919) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=19.20/0.34
=56.47

* 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 Win Semiconductors was 219.95. The lowest was 44.19. And the median was 90.71.


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.


Win Semiconductors Cyclically Adjusted FCF per Share Related Terms

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


Win Semiconductors (LUX:191919) Business Description

Traded in Other Exchanges
Address
No. 69, Keji 7th Road, Hwaya Technology Park, Guishan District, Taoyuan, TWN, 33383
Founded in 1999, Win Semiconductors is the largest foundry for nonsilicon-based semiconductor components, most notably gallium arsenide, or GaAs; gallium nitride, or GaN; and silicon carbide, or SiC. Per Strategy Analytics, Win Semi wielded over 75% share in the GaAs foundry market in 2022, followed by Advanced Wireless Semiconductor Company, or AWSC, and GCS Holdings, or GCS at 3.4%. The company's headquarters, four factories and most of its 3,500 employees are based in Taoyuan City, Taiwan. Its products are applied in mobile, Wi-Fi networks, cellular infrastructure (such as base stations), satellite communication, optical communication and 3D sensing. The company also provides automated testing and inspection services.

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