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Fabrinet (Fabrinet) Cyclically Adjusted FCF per Share : $2.50 (As of Dec. 2023)


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What is Fabrinet 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.

Fabrinet's adjusted free cash flow per share for the three months ended in Dec. 2023 was $2.020. 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 $2.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fabrinet's average Cyclically Adjusted FCF Growth Rate was 31.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.40% 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 Fabrinet was 23.20% per year. The lowest was 18.00% per year. And the median was 20.80% per year.

As of today (2024-05-05), Fabrinet's current stock price is $179.22. Fabrinet's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.50. Fabrinet's Cyclically Adjusted Price-to-FCF of today is 71.69.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fabrinet was 89.46. The lowest was 35.71. And the median was 60.37.


Fabrinet Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fabrinet'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.

Fabrinet Cyclically Adjusted FCF per Share Chart

Fabrinet Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 1.18 1.38 1.72 2.05

Fabrinet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.90 1.87 2.05 2.37 2.50

Competitive Comparison of Fabrinet's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Fabrinet'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.


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

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

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



Fabrinet 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, Fabrinet's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.02/129.4194*129.4194
=2.020

Current CPI (Dec. 2023) = 129.4194.

Fabrinet Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.523 99.695 0.679
201406 0.123 100.560 0.158
201409 0.402 100.428 0.518
201412 0.303 99.070 0.396
201503 -0.768 99.621 -0.998
201506 0.100 100.684 0.129
201509 -0.174 100.392 -0.224
201512 0.093 99.792 0.121
201603 0.282 100.470 0.363
201606 -0.039 101.688 -0.050
201609 -0.757 101.861 -0.962
201612 0.087 101.863 0.111
201703 0.693 102.862 0.872
201706 -0.009 103.349 -0.011
201709 -0.392 104.136 -0.487
201712 0.786 104.011 0.978
201803 1.183 105.290 1.454
201806 1.129 106.317 1.374
201809 0.784 106.507 0.953
201812 0.806 105.998 0.984
201903 0.871 107.251 1.051
201906 0.972 108.070 1.164
201909 -0.105 108.329 -0.125
201912 1.068 108.420 1.275
202003 1.052 108.902 1.250
202006 0.825 108.767 0.982
202009 0.573 109.815 0.675
202012 -0.108 109.897 -0.127
202103 0.712 111.754 0.825
202106 0.797 114.631 0.900
202109 0.109 115.734 0.122
202112 0.030 117.630 0.033
202203 0.714 121.301 0.762
202206 0.045 125.017 0.047
202209 1.370 125.227 1.416
202212 0.831 125.222 0.859
202303 0.461 127.348 0.468
202306 1.441 128.729 1.449
202309 3.658 129.860 3.646
202312 2.020 129.419 2.020

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


Fabrinet  (NYSE:FN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=179.22/2.5
=71.69

* 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 Fabrinet was 89.46. The lowest was 35.71. And the median was 60.37.


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.


Fabrinet Cyclically Adjusted FCF per Share Related Terms

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


Fabrinet (Fabrinet) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fabrinet (NYSE:FN) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
C/o Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005
Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.
Executives
Thomas F Kelly director 57 STEVENSON LANE, ATHERTON CA 94027
Edward T. Archer officer: EVP, Sales & Marketing 3736 FALLON ROAD #428, DUBLIN CA 94568
Csaba Sverha officer: Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Seamus Grady director, officer: Chief Executive Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Homa Bahrami director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Rollance E. Olson director 3736 FALLON ROAD #428, DUBLIN CA 94568
Harpal Gill officer: EVP & Chief Operating Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
David T. Mitchell director, 10 percent owner, officer: CEO & President 3736 FALLON ROAD #428, DUBLIN CA 94568
Darlene S. Knight director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Toh-seng Ng officer: EVP & Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Frank H Levinson director 3736 FALLON ROAD #428, DUBLIN CA 94568
Greg Dougherty director 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Hong Q Hou officer: EVP & Chief Technical Officer
John Marchetti officer: Chief Strategy Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Paul Kalivas officer: Secretary & General Counsel 4104 24TH STREET #345, SAN FRANCISCO CA 94114

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