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Aixtron SE (STU:AIXA) Cyclically Adjusted FCF per Share : €-0.17 (As of Mar. 2024)


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What is Aixtron SE 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.

Aixtron SE's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.305. 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 €-0.17 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% 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 Aixtron SE was 7.20% per year. The lowest was -18.60% per year. And the median was -6.30% per year.

As of today (2024-06-14), Aixtron SE's current stock price is €21.22. Aixtron SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-0.17. Aixtron SE's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aixtron SE was 1468.00. The lowest was 55.14. And the median was 95.48.


Aixtron SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Aixtron SE'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.

Aixtron SE Cyclically Adjusted FCF per Share Chart

Aixtron SE 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 -0.05 -0.20 -0.13 -0.06 -0.16

Aixtron SE 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 -0.07 -0.14 -0.13 -0.16 -0.17

Competitive Comparison of Aixtron SE's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, Aixtron SE'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.


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

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

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



Aixtron SE 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, Aixtron SE'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)
=-0.305/125.0381*125.0381
=-0.305

Current CPI (Mar. 2024) = 125.0381.

Aixtron SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.152 99.543 -0.191
201409 -0.196 99.823 -0.246
201412 0.051 99.543 0.064
201503 -0.115 99.717 -0.144
201506 -0.001 100.417 -0.001
201509 -0.084 100.417 -0.105
201512 -0.326 99.717 -0.409
201603 -0.183 100.017 -0.229
201606 -0.172 100.717 -0.214
201609 0.028 101.017 0.035
201612 -0.045 101.217 -0.056
201703 0.296 101.417 0.365
201706 0.057 102.117 0.070
201709 0.070 102.717 0.085
201712 0.114 102.617 0.139
201803 -0.202 102.917 -0.245
201806 0.083 104.017 0.100
201809 0.109 104.718 0.130
201812 0.039 104.217 0.047
201903 -0.162 104.217 -0.194
201906 0.104 105.718 0.123
201909 0.021 106.018 0.025
201912 0.354 105.818 0.418
202003 0.026 105.718 0.031
202006 -0.101 106.618 -0.118
202009 -0.201 105.818 -0.238
202012 -0.154 105.518 -0.182
202103 -0.263 107.518 -0.306
202106 0.617 108.486 0.711
202109 -0.169 109.435 -0.193
202112 0.195 110.384 0.221
202203 0.196 113.968 0.215
202206 0.046 115.760 0.050
202209 -0.064 118.818 -0.067
202212 -0.110 119.345 -0.115
202303 0.017 122.402 0.017
202306 -0.731 123.140 -0.742
202309 -0.019 124.195 -0.019
202312 -0.248 123.773 -0.251
202403 -0.305 125.038 -0.305

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


Aixtron SE  (STU:AIXA) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aixtron SE was 1468.00. The lowest was 55.14. And the median was 95.48.


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.


Aixtron SE Cyclically Adjusted FCF per Share Related Terms

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


Aixtron SE (STU:AIXA) Business Description

Industry
Address
Dornkaulstrasse 2, Herzogenrath, NW, DEU, 52134
Aixtron SE is a provider of deposition equipment to the semiconductor industry. The company's technology solutions are used by a diverse range of customers to build components for electronic and optoelectronic applications based on compound, silicon, or organic semiconductor materials. Its components are used in displays, signaling, lighting, fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, as well as in other leading-edge applications. Business operation of the group can be seen in the market of Germany, the USA, Korea, China, Taiwan, Asia, and Europe.

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