Macronix International Co (TPE:2337) Cyclically Adjusted FCF per Share: NT$0.88 (As of Dec. 2025)

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TPE:2337 Macronix International Co Ltd TPE:2337
54 GF Score
Price NT$135.00
GF Value NT$52.00
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Macronix International Co Cyclically Adjusted FCF per Share?

Macronix International Co TPE:2337 +9.76% 54 Cyclically Adjusted FCF per Share is NT$0.88 as of Dec. 2025. GuruFocus rates TPE:2337 with a GF Score™ of 54/100 and a GF Value™ of NT$52.00 (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.

Macronix International Co's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$1.247. 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$0.88 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Macronix International Co's average Cyclically Adjusted FCF Growth Rate was 23.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.50% 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 Macronix International Co was 1.40% per year. The lowest was -89.70% per year. And the median was -1.50% per year.

As of today (2026-07-22), Macronix International Co's current stock price is NT$135.00. Macronix International Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$0.88. Macronix International Co's Cyclically Adjusted Price-to-FCF of today is 153.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Macronix International Co was 1177.50. The lowest was 23.99. And the median was 37.44.


Macronix International Co  (TPE:2337) 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.

Macronix International Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=135.00/0.88
=153.41

* 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 Macronix International Co was 1177.50. The lowest was 23.99. And the median was 37.44.


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.


Macronix International Co Cyclically Adjusted FCF per Share Related Terms


Macronix International Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Macronix International Co'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.

Macronix International Co Cyclically Adjusted FCF per Share Chart

Macronix International Co 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 0.68 0.92 0.88 0.71 0.88

Macronix International Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.71 0.72 0.79 0.88 0.88

TPE:2337 vs NVDA, AVGO, MU: Cyclically Adjusted FCF per Share Comparison

For the Semiconductors subindustry, Macronix International Co'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.


Macronix International Co Cyclically Adjusted Price-to-FCF vs Semiconductors Industry

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

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


TPE:2337
54GF Score
Macronix International Co Ltd TPE:2337
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macronix International Co 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, Macronix International Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.247/324.0540*324.0540
=1.247

Current CPI (Dec. 2025) = 324.0540.

Macronix International Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 0.178 238.132 0.242
201606 0.178 241.018 0.239
201609 0.539 241.428 0.723
201612 1.605 241.432 2.154
201703 -0.052 243.801 -0.069
201706 0.250 244.955 0.331
201709 0.709 246.819 0.931
201712 1.629 246.524 2.141
201803 0.337 249.554 0.438
201806 0.959 251.989 1.233
201809 -0.173 252.439 -0.222
201812 1.505 251.233 1.941
201903 -1.240 254.202 -1.581
201906 -2.034 256.143 -2.573
201909 -1.812 256.759 -2.287
201912 0.696 256.974 0.878
202003 0.553 258.115 0.694
202006 0.737 257.797 0.926
202009 -0.586 260.280 -0.730
202012 1.319 260.474 1.641
202103 0.789 264.877 0.965
202106 1.247 271.696 1.487
202109 1.590 274.310 1.878
202112 2.310 278.802 2.685
202203 0.408 287.504 0.460
202206 1.044 296.311 1.142
202209 -0.571 296.808 -0.623
202212 0.022 296.797 0.024
202303 -1.712 301.836 -1.838
202306 -1.245 305.109 -1.322
202309 -1.108 307.789 -1.167
202312 -0.416 306.746 -0.439
202403 -1.576 312.332 -1.635
202406 -0.489 314.175 -0.504
202409 -1.085 315.301 -1.115
202412 0.146 315.605 0.150
202503 -0.536 319.799 -0.543
202506 0.001 322.561 0.001
202509 0.872 324.800 0.870
202512 1.247 324.054 1.247

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 NT$0.88 mean?
Macronix International Co (TPE:2337) has a Cyclically Adjusted FCF per Share of NT$0.88 as of Dec. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Macronix International Co and its competitors.
Is Macronix International Co's Cyclically Adjusted FCF per Share too high?
Macronix International Co's current Cyclically Adjusted FCF per Share is NT$0.88. Overall, Macronix International Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macronix International Co's Cyclically Adjusted FCF per Share compare to NVDA and AVGO?
Macronix International Co's Cyclically Adjusted FCF per Share of NT$0.88 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 Macronix International Co and its competitors. Macronix International Co's current Cyclically Adjusted FCF per Share is NT$0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macronix International Co stock overvalued right now?
Based on GuruFocus' analysis, Macronix International Co (TPE:2337) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$52.00, compared to a current price of NT$135.00 — trading 159.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$0.88. Macronix International Co's overall GF Score™ is 54/100 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 Macronix International Co (TPE:2337), the current Cyclically Adjusted FCF per Share is NT$0.88 as of Dec. 2025. 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 Macronix International Co (TPE:2337) Overvalued in 2026?

Based on GuruFocus' analysis, Macronix International Co stock appears to be overvalued. The current stock price of NT$135.00 is trading 159.6% above its estimated GF Value™ of NT$52.00. GuruFocus considers Macronix International Co to be Significantly Overvalued.

Key valuation signals for TPE:2337:

  • Cyclically Adjusted FCF per Share: NT$0.88
  • GF Value™: NT$52.00 vs. price of NT$135.00 (159.6% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the TPE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Macronix International Co Business Description

Address No. 16 Li-Hsin Road, Science Park, Hsin-Chu, TWN
Macronix International Co Ltd designs, manufactures, and supplies integrated circuits and memory chips. It specializes in nonvolatile memory devices, including NOR Flash, NAND Flash, and read-only memory products. The Company also performs design, research and development, consultation and trade of relevant products. The company operates as a single reportable segment: the memory products and wafer fabrication segment. The firm operates in four Products: Flash, ROM, Foundry, and Others. The majority of revenue is from Flash Product. The company operates in Taiwan, China, and other countries generating key revenue from Taiwan region.
54GF Score

Get the complete analysis for TPE:2337

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

NT$135.00
Price
NT$52.00
GF Value