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FormFactor (FormFactor) Cyclically Adjusted Price-to-FCF : 55.52 (As of Apr. 29, 2024)


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What is FormFactor Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), FormFactor's current share price is $45.53. FormFactor's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.82. FormFactor's Cyclically Adjusted Price-to-FCF for today is 55.52.

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

FORM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.65   Med: 63.92   Max: 1474.5
Current: 54.82

During the past years, FormFactor's highest Cyclically Adjusted Price-to-FCF was 1474.50. The lowest was 26.65. And the median was 63.92.

FORM's Cyclically Adjusted Price-to-FCF is ranked worse than
63.16% of 342 companies
in the Semiconductors industry
Industry Median: 36.745 vs FORM: 54.82

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.

FormFactor's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.009. 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 $0.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


FormFactor Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FormFactor'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.

FormFactor Cyclically Adjusted Price-to-FCF Chart

FormFactor 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 - 130.18 84.92 29.81 51.10

FormFactor Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 29.81 40.91 43.57 43.18 51.10

Competitive Comparison of FormFactor's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, FormFactor'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.


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

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

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



FormFactor 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.53/0.82
=55.52

* 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.

FormFactor's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, FormFactor's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.009/129.4194*129.4194
=-0.009

Current CPI (Dec. 2023) = 129.4194.

FormFactor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.155 99.695 -0.201
201406 0.090 100.560 0.116
201409 0.078 100.428 0.101
201412 0.197 99.070 0.257
201503 0.101 99.621 0.131
201506 0.194 100.684 0.249
201509 0.088 100.392 0.113
201512 0.085 99.792 0.110
201603 -0.071 100.470 -0.091
201606 -0.051 101.688 -0.065
201609 0.021 101.861 0.027
201612 0.163 101.863 0.207
201703 0.197 102.862 0.248
201706 0.274 103.349 0.343
201709 0.155 104.136 0.193
201712 0.296 104.011 0.368
201803 0.074 105.290 0.091
201806 0.215 106.317 0.262
201809 0.164 106.507 0.199
201812 0.195 105.998 0.238
201903 0.192 107.251 0.232
201906 0.385 108.070 0.461
201909 0.326 108.329 0.389
201912 0.394 108.420 0.470
202003 0.348 108.902 0.414
202006 0.234 108.767 0.278
202009 0.465 109.815 0.548
202012 0.386 109.897 0.455
202103 0.236 111.754 0.273
202106 0.201 114.631 0.227
202109 0.180 115.734 0.201
202112 0.301 117.630 0.331
202203 0.359 121.301 0.383
202206 0.355 125.017 0.368
202209 0.197 125.227 0.204
202212 -0.071 125.222 -0.073
202303 -0.096 127.348 -0.098
202306 0.026 128.729 0.026
202309 0.187 129.860 0.186
202312 -0.009 129.419 -0.009

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.


FormFactor  (NAS:FORM) 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.


FormFactor Cyclically Adjusted Price-to-FCF Related Terms

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


FormFactor (FormFactor) Business Description

Industry
Traded in Other Exchanges
Address
7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
Executives
Rebeca Obregon-jimenez director 3748 E MARE COURT, PHOENIX AZ 85044
Shai Shahar officer: CFO, SVP Global Finance 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mike Slessor director, officer: CEO 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Brian C White director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Raymond A Link director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Kelley Steven-waiss director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Jorge Titinger director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Sheri Rhodes director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80112
Edward Jr Rogas director C/O VITESSE SEMICONDUCTOR CORPORATION, 4721 CALLE CARGA, CAMARILLO CA 93012
Michael W Zellner director C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Richard Delateur director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael M Ludwig officer: SR VP, CFO C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Lothar Maier director 1630 MCCARTHY BLVD, MILPITAS CA 95035
Stuart L Merkadeau officer: SVP and General Counsel 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551

FormFactor (FormFactor) Headlines