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Siltronic AG (XTER:WAF) Cyclically Adjusted FCF per Share : €1.34 (As of Mar. 2024)


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What is Siltronic AG 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.

Siltronic AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-5.669. 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 €1.34 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 (2024-06-07), Siltronic AG's current stock price is €74.45. Siltronic AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.34. Siltronic AG's Cyclically Adjusted Price-to-FCF of today is 55.56.

During the past 10 years, the highest Cyclically Adjusted Price-to-FCF of Siltronic AG was 62.91. The lowest was 55.15. And the median was 56.68.


Siltronic AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Siltronic AG'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.

Siltronic AG Cyclically Adjusted FCF per Share Chart

Siltronic AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Siltronic AG 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 - - - - 1.34

Competitive Comparison of Siltronic AG's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Siltronic AG'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.


Siltronic AG's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Siltronic AG 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, Siltronic AG'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)
=-5.669/125.0381*125.0381
=-5.669

Current CPI (Mar. 2024) = 125.0381.

Siltronic AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 99.543 0.000
201409 0.883 99.823 1.106
201412 -0.273 99.543 -0.343
201503 1.320 99.717 1.655
201506 0.233 100.417 0.290
201509 0.041 100.417 0.051
201512 -0.350 99.717 -0.439
201603 -0.223 100.017 -0.279
201606 0.003 100.717 0.004
201609 0.523 101.017 0.647
201612 0.305 101.217 0.377
201703 1.050 101.417 1.295
201706 1.389 102.117 1.701
201709 1.940 102.717 2.362
201712 1.273 102.617 1.551
201803 4.983 102.917 6.054
201806 6.090 104.017 7.321
201809 14.817 104.718 17.692
201812 -1.023 104.217 -1.227
201903 2.136 104.217 2.563
201906 -0.527 105.718 -0.623
201909 -0.808 106.018 -0.953
201912 0.413 105.818 0.488
202003 0.643 105.718 0.761
202006 0.327 106.618 0.383
202009 0.605 105.818 0.715
202012 -0.515 105.518 -0.610
202103 0.983 107.518 1.143
202106 1.803 108.486 2.078
202109 2.390 109.435 2.731
202112 -1.560 110.384 -1.767
202203 4.576 113.968 5.020
202206 -1.175 115.760 -1.269
202209 -2.444 118.818 -2.572
202212 -4.903 119.345 -5.137
202303 -2.789 122.402 -2.849
202306 -9.113 123.140 -9.253
202309 -7.421 124.195 -7.471
202312 -4.367 123.773 -4.412
202403 -5.669 125.038 -5.669

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


Siltronic AG  (XTER:WAF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=74.45/1.34
=55.56

* 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 10 years, the highest Cyclically Adjusted Price-to-FCF of Siltronic AG was 62.91. The lowest was 55.15. And the median was 56.68.


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.


Siltronic AG Cyclically Adjusted FCF per Share Related Terms

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


Siltronic AG (XTER:WAF) Business Description

Industry
Traded in Other Exchanges
Address
Einsteinstrassee 172, Munich, BY, DEU, 81677
Siltronic AG is engaged in the development, production, and marketing of semiconductor wafers. The company has production facilities in Asia, Europe, and the USA. The company offers a wide range of products such as Polished Wafers, Epitaxial Wafers, Annealed Wafers, Floatzone, Power products, and Ultimate Silicon. Its geographic segments consist of Germany; Europe excluding Germany; the United States; Taiwan & (mainland) China; South Korea; Singapore and Asia excluding Taiwan, and (mainland) China.
Executives
Claudia Schmitt Board of Directors
Dr. Michael Heckmeier Board of Directors

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