Daqo New Energy (MEX:DQ N) Cyclically Adjusted FCF per Share: MXN99.97 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:DQ N Daqo New Energy Corp MEX:DQ N
69 GF Score
Price MXN245.00
GF Value MXN165.88
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Daqo New Energy Cyclically Adjusted FCF per Share?

Daqo New Energy MEX:DQ N 69 Cyclically Adjusted FCF per Share is MXN99.97 as of Jun. 2026. GuruFocus rates MEX:DQ N with a GF Score™ of 69/100 and a GF Value™ of MXN165.88 (Significantly Overvalued). The stock has 4 warning signs investors should review.

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.

Daqo New Energy's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN-40.017. 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 MXN99.97 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Daqo New Energy's average Cyclically Adjusted FCF Growth Rate was -12.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 88.20% 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 Daqo New Energy was 270.00% per year. The lowest was -5.20% per year. And the median was 55.50% per year.

As of today (2026-08-25), Daqo New Energy's current stock price is MXN245.00. Daqo New Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN99.97. Daqo New Energy's Cyclically Adjusted Price-to-FCF of today is 2.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Daqo New Energy was 1375.89. The lowest was 3.59. And the median was 8.36.


Daqo New Energy  (MEX:DQ N) 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.

Daqo New Energy's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=245.00/99.97
=2.45

* 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 Daqo New Energy was 1375.89. The lowest was 3.59. And the median was 8.36.


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.


Daqo New Energy Cyclically Adjusted FCF per Share Related Terms


Daqo New Energy Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Daqo New Energy'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.

Daqo New Energy Cyclically Adjusted FCF per Share Chart

Daqo New Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.03 88.08 74.31 62.28 54.09

Daqo New Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 78.65 60.67 54.09 69.32 99.97

MEX:DQ N vs ASYS, ATOM, INTT: Cyclically Adjusted FCF per Share Comparison

For the Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.


Daqo New Energy Cyclically Adjusted Price-to-FCF vs Semiconductors Industry

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

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


MEX:DQ N
69GF Score
Daqo New Energy Corp MEX:DQ N
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daqo New Energy 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, Daqo New Energy's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-40.017/116.0564*116.0564
=-40.017

Current CPI (Jun. 2026) = 116.0564.

Daqo New Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -5.383 102.400 -6.101
201612 9.014 102.600 10.196
201703 4.456 103.200 5.011
201706 9.497 103.100 10.690
201709 12.629 104.100 14.080
201712 0.026 104.500 0.029
201803 4.680 105.300 5.158
201806 0.337 104.900 0.373
201809 -7.493 106.600 -8.158
201812 -10.606 106.500 -11.558
201903 -3.739 107.700 -4.029
201906 5.328 107.700 5.741
201909 8.807 109.800 9.309
201912 -27.094 111.200 -28.277
202003 9.546 112.300 9.865
202006 4.806 110.400 5.052
202009 6.965 111.700 7.237
202012 36.242 111.500 37.723
202103 23.172 112.662 23.870
202106 73.477 111.769 76.295
202109 56.530 112.215 58.465
202112 -3.765 113.108 -3.863
202203 33.798 114.335 34.307
202206 235.234 114.558 238.311
202209 149.112 115.339 150.040
202212 184.165 115.116 185.670
202303 121.170 115.116 122.160
202306 -55.716 114.558 -56.445
202309 59.362 115.339 59.731
202312 -25.062 114.781 -25.341
202403 -77.378 115.227 -77.935
202406 -76.094 114.781 -76.940
202409 -39.071 115.785 -39.163
202412 -28.867 114.893 -29.159
202503 -29.497 115.116 -29.738
202506 -27.086 114.907 -27.357
202509 6.225 115.471 6.257
202512 12.499 115.832 12.523
202603 -46.957 116.303 -46.857
202606 -40.017 116.056 -40.017

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

What does a Cyclically Adjusted FCF per Share of MXN99.97 mean?
Daqo New Energy (MEX:DQ N) has a Cyclically Adjusted FCF per Share of MXN99.97 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Daqo New Energy and its competitors.
Is Daqo New Energy's Cyclically Adjusted FCF per Share too high?
Daqo New Energy's current Cyclically Adjusted FCF per Share is MXN99.97. Overall, Daqo New Energy has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daqo New Energy's Cyclically Adjusted FCF per Share compare to ASYS and ATOM?
Daqo New Energy's Cyclically Adjusted FCF per Share of MXN99.97 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Semiconductors company?
A good Cyclically Adjusted FCF per Share depends on the Semiconductors industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Daqo New Energy and its competitors. Daqo New Energy's current Cyclically Adjusted FCF per Share is MXN99.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daqo New Energy stock overvalued right now?
Based on GuruFocus' analysis, Daqo New Energy (MEX:DQ N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN165.88, compared to a current price of MXN245.00 — trading 47.7% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN99.97. Daqo New Energy's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Daqo New Energy (MEX:DQ N), the current Cyclically Adjusted FCF per Share is MXN99.97 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Daqo New Energy (MEX:DQ N) Overvalued in 2026?

Based on GuruFocus' analysis, Daqo New Energy stock appears to be overvalued. The current stock price of MXN245.00 is trading 47.7% above its estimated GF Value™ of MXN165.88. GuruFocus considers Daqo New Energy to be Significantly Overvalued.

Key valuation signals for MEX:DQ N:

  • Cyclically Adjusted FCF per Share: MXN99.97
  • GF Value™: MXN165.88 vs. price of MXN245.00 (47.7% above fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the MEX:DQ N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daqo New Energy Business Description

Other Exchanges DQ:USA0I74:UK5DQ2:Germany
Address No. 838 Zhangyang Road, 29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, CHN, 200122
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company manufactures and sells high-purity polysilicon to manufacturers who use it to make ingots, cells, and modules for solar power solutions. The polysilicon is packaged to meet crucible stacking, pulling, and solidification needs. All of the company's revenues come from the People's Republic of China.
69GF Score

Get the complete analysis for MEX:DQ N

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN245.00
Price
MXN165.88
GF Value