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Win Semiconductors (ROCO:3105) Cyclically Adjusted FCF per Share : NT$2.52 (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 NT$2.356. 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 NT$2.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Win Semiconductors's average Cyclically Adjusted FCF Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% 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 4.00% per year. The lowest was -3.40% per year. And the median was 0.30% per year.

As of today (2024-05-16), Win Semiconductors's current stock price is NT$139.50. Win Semiconductors's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$2.52. Win Semiconductors's Cyclically Adjusted Price-to-FCF of today is 55.36.

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 90.88.


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 2.85 2.08 2.57 2.57 2.36

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 2.32 2.19 2.22 2.36 2.52

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)
=2.356/129.4194*129.4194
=2.356

Current CPI (Mar. 2024) = 129.4194.

Win Semiconductors Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.815 100.560 1.049
201409 1.817 100.428 2.342
201412 2.704 99.070 3.532
201503 0.479 99.621 0.622
201506 1.399 100.684 1.798
201509 0.240 100.392 0.309
201512 0.490 99.792 0.635
201603 -0.303 100.470 -0.390
201606 -0.056 101.688 -0.071
201609 0.559 101.861 0.710
201612 1.113 101.863 1.414
201703 -0.012 102.862 -0.015
201706 1.462 103.349 1.831
201709 0.779 104.136 0.968
201712 2.260 104.011 2.812
201803 -0.979 105.290 -1.203
201806 -0.338 106.317 -0.411
201809 -1.389 106.507 -1.688
201812 2.317 105.998 2.829
201903 0.314 107.251 0.379
201906 -1.027 108.070 -1.230
201909 3.920 108.329 4.683
201912 3.134 108.420 3.741
202003 1.674 108.902 1.989
202006 -1.444 108.767 -1.718
202009 -0.347 109.815 -0.409
202012 -0.023 109.897 -0.027
202103 0.280 111.754 0.324
202106 -2.345 114.631 -2.648
202109 0.517 115.734 0.578
202112 0.659 117.630 0.725
202203 1.385 121.301 1.478
202206 -1.798 125.017 -1.861
202209 -4.038 125.227 -4.173
202212 1.554 125.222 1.606
202303 -2.260 127.348 -2.297
202306 1.947 128.729 1.957
202309 -0.365 129.860 -0.364
202312 3.030 129.419 3.030
202403 2.356 129.419 2.356

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


Win Semiconductors  (ROCO:3105) 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
=139.50/2.52
=55.36

* 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 90.88.


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 (ROCO:3105) Business Description

Traded in Other Exchanges
N/A
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.

Win Semiconductors (ROCO:3105) Headlines

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