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Applied Materials (BSP:A1MT34) Cyclically Adjusted Price-to-FCF : 47.07 (As of May. 09, 2024)


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What is Applied Materials Cyclically Adjusted Price-to-FCF?

As of today (2024-05-09), Applied Materials's current share price is R$101.68. Applied Materials's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was R$2.16. Applied Materials's Cyclically Adjusted Price-to-FCF for today is 47.07.

The historical rank and industry rank for Applied Materials's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:A1MT34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.64   Med: 29.19   Max: 63.5
Current: 47.46

During the past years, Applied Materials's highest Cyclically Adjusted Price-to-FCF was 63.50. The lowest was 13.64. And the median was 29.19.

BSP:A1MT34's Cyclically Adjusted Price-to-FCF is ranked worse than
58.09% of 346 companies
in the Semiconductors industry
Industry Median: 38.585 vs BSP:A1MT34: 47.46

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.

Applied Materials's adjusted free cash flow per share data for the three months ended in Jan. 2024 was R$1.232. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$2.16 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Applied Materials Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Applied Materials'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.

Applied Materials Cyclically Adjusted Price-to-FCF Chart

Applied Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.40 27.37 52.02 27.60 31.77

Applied Materials Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 32.33 30.40 38.01 31.77 37.60

Competitive Comparison of Applied Materials's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Applied Materials'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.


Applied Materials's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Applied Materials 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.

Applied Materials's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=101.68/2.16
=47.07

* 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.

Applied Materials's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Applied Materials's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=1.232/129.4194*129.4194
=1.232

Current CPI (Jan. 2024) = 129.4194.

Applied Materials Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.068 100.023 0.088
201407 0.094 100.520 0.121
201410 0.068 100.176 0.088
201501 0.002 98.604 0.003
201504 0.057 99.824 0.074
201507 0.075 100.691 0.096
201510 0.136 100.346 0.175
201601 0.049 99.957 0.063
201604 0.138 100.947 0.177
201607 0.279 101.524 0.356
201610 0.235 101.988 0.298
201701 0.213 102.456 0.269
201704 0.241 103.167 0.302
201707 0.383 103.278 0.480
201710 0.174 104.070 0.216
201801 0.379 104.578 0.469
201804 0.161 105.708 0.197
201807 0.190 106.324 0.231
201810 0.348 106.695 0.422
201901 0.271 106.200 0.330
201904 0.280 107.818 0.336
201907 0.280 108.250 0.335
201910 0.320 108.577 0.381
202001 0.396 108.841 0.471
202004 0.325 108.173 0.389
202007 0.446 109.318 0.528
202010 0.705 109.861 0.831
202101 0.754 110.364 0.884
202104 0.590 112.673 0.678
202107 0.871 115.183 0.979
202110 0.576 116.696 0.639
202201 1.550 118.619 1.691
202204 0.110 121.978 0.117
202207 0.778 125.002 0.805
202210 0.388 125.734 0.399
202301 1.213 126.223 1.244
202304 1.208 127.992 1.221
202307 1.326 128.974 1.331
202310 0.748 129.810 0.746
202401 1.232 129.419 1.232

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.


Applied Materials  (BSP:A1MT34) 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.


Applied Materials Cyclically Adjusted Price-to-FCF Related Terms

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


Applied Materials (BSP:A1MT34) Business Description

Address
3050 Bowers Avenue, P.O. Box 58039, Santa Clara, CA, USA, 95052-8039
Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

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