GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Aixtron SE (OTCPK:AIXXF) » Definitions » Cyclically Adjusted Price-to-FCF

Aixtron SE (Aixtron SE) Cyclically Adjusted Price-to-FCF : (As of Jun. 14, 2024)


View and export this data going back to . Start your Free Trial

What is Aixtron SE Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aixtron SE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aixtron SE's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Aixtron SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

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 Price-to-FCF 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 - - - - -

Competitive Comparison of Aixtron SE's Cyclically Adjusted Price-to-FCF

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 Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Aixtron SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=-0.332/125.0381*125.0381
=-0.332

Current CPI (Mar. 2024) = 125.0381.

Aixtron SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.206 99.543 -0.259
201409 -0.252 99.823 -0.316
201412 0.063 99.543 0.079
201503 -0.125 99.717 -0.157
201506 -0.001 100.417 -0.001
201509 -0.094 100.417 -0.117
201512 -0.355 99.717 -0.445
201603 -0.204 100.017 -0.255
201606 -0.193 100.717 -0.240
201609 0.032 101.017 0.040
201612 -0.048 101.217 -0.059
201703 0.317 101.417 0.391
201706 0.064 102.117 0.078
201709 0.083 102.717 0.101
201712 0.135 102.617 0.164
201803 -0.249 102.917 -0.303
201806 0.096 104.017 0.115
201809 0.127 104.718 0.152
201812 0.044 104.217 0.053
201903 -0.184 104.217 -0.221
201906 0.118 105.718 0.140
201909 0.023 106.018 0.027
201912 0.394 105.818 0.466
202003 0.029 105.718 0.034
202006 -0.114 106.618 -0.134
202009 -0.237 105.818 -0.280
202012 -0.188 105.518 -0.223
202103 -0.313 107.518 -0.364
202106 0.743 108.486 0.856
202109 -0.198 109.435 -0.226
202112 0.221 110.384 0.250
202203 0.215 113.968 0.236
202206 0.048 115.760 0.052
202209 -0.063 118.818 -0.066
202212 -0.117 119.345 -0.123
202303 0.018 122.402 0.018
202306 -0.792 123.140 -0.804
202309 -0.020 124.195 -0.020
202312 -0.270 123.773 -0.273
202403 -0.332 125.038 -0.332

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


Aixtron SE  (OTCPK:AIXXF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Aixtron SE Cyclically Adjusted Price-to-FCF Related Terms

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


Aixtron SE (Aixtron SE) 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.

Aixtron SE (Aixtron SE) Headlines

From GuruFocus