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SFA Semicon Philippines (PHS:SSP) Cyclically Adjusted FCF per Share : ₱0.26 (As of Mar. 2024)


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What is SFA Semicon Philippines 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.

SFA Semicon Philippines's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱0.032. 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 ₱0.26 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-23), SFA Semicon Philippines's current stock price is ₱1.68. SFA Semicon Philippines's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.26. SFA Semicon Philippines's Cyclically Adjusted Price-to-FCF of today is 6.46.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of SFA Semicon Philippines was 8.79. The lowest was 5.90. And the median was 7.19.


SFA Semicon Philippines Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SFA Semicon Philippines'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.

SFA Semicon Philippines Cyclically Adjusted FCF per Share Chart

SFA Semicon Philippines 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 - - - - 0.29

SFA Semicon Philippines 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 - 0.30 0.29 0.29 0.26

Competitive Comparison of SFA Semicon Philippines's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, SFA Semicon Philippines'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.


SFA Semicon Philippines's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



SFA Semicon Philippines 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, SFA Semicon Philippines'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)
=0.032/131.7762*131.7762
=0.032

Current CPI (Mar. 2024) = 131.7762.

SFA Semicon Philippines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.141 100.560 0.185
201409 0.302 100.428 0.396
201412 0.122 99.070 0.162
201503 0.239 99.621 0.316
201506 0.038 100.684 0.050
201509 0.238 100.392 0.312
201512 0.201 99.792 0.265
201603 0.225 100.470 0.295
201606 0.126 101.688 0.163
201609 0.106 101.861 0.137
201612 -0.066 101.863 -0.085
201703 0.016 102.862 0.020
201706 -0.232 103.349 -0.296
201709 -0.386 104.136 -0.488
201712 0.652 104.011 0.826
201803 -0.456 105.290 -0.571
201806 -0.386 106.317 -0.478
201809 0.026 106.507 0.032
201812 -0.041 105.998 -0.051
201903 0.029 107.251 0.036
201906 -0.008 108.070 -0.010
201909 0.002 108.329 0.002
201912 0.032 108.420 0.039
202003 0.048 108.902 0.058
202006 0.008 108.767 0.010
202009 0.234 109.815 0.281
202012 0.031 109.897 0.037
202103 0.205 111.754 0.242
202106 0.183 114.631 0.210
202109 0.102 115.734 0.116
202112 0.204 117.630 0.229
202203 -0.054 121.301 -0.059
202206 0.027 125.017 0.028
202209 0.004 125.227 0.004
202212 0.001 125.222 0.001
202303 0.060 127.348 0.062
202306 0.050 128.729 0.051
202309 0.019 129.860 0.019
202312 0.034 129.419 0.035
202403 0.032 131.776 0.032

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


SFA Semicon Philippines  (PHS:SSP) 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.

SFA Semicon Philippines's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.68/0.26
=6.46

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of SFA Semicon Philippines was 8.79. The lowest was 5.90. And the median was 7.19.


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.


SFA Semicon Philippines Cyclically Adjusted FCF per Share Related Terms

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


SFA Semicon Philippines (PHS:SSP) Business Description

Traded in Other Exchanges
N/A
Address
Panday Pira Avenue, Corner Creekside Road, Clark Freeport Zone, Pampanga, PHL
SFA Semicon Philippines Corp is a manufacturer of semiconductor and memory devices. It is engaged in the construction, ownership, and operation of the plant for the manufacture, assembly, test, and warehousing of semiconductor and memory devices and applications and related products. The company offers a range of products such as memory chips and modules for digital cameras, personal computers, workstations and servers, micro secure digital cards for smartphones, digital multimedia broadcasting, phone, personal digital assistant, and Blister packing.