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inTest (FRA:IN9) Cyclically Adjusted Price-to-FCF : 22.50 (As of May. 26, 2024)


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What is inTest Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), inTest's current share price is €9.00. inTest's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.40. inTest's Cyclically Adjusted Price-to-FCF for today is 22.50.

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

FRA:IN9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.37   Med: 20.73   Max: 67.33
Current: 21.33

During the past years, inTest's highest Cyclically Adjusted Price-to-FCF was 67.33. The lowest was 5.37. And the median was 20.73.

FRA:IN9's Cyclically Adjusted Price-to-FCF is ranked better than
74.18% of 337 companies
in the Semiconductors industry
Industry Median: 40.59 vs FRA:IN9: 21.33

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.

inTest's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.131. 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 €0.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


inTest Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for inTest'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.

inTest Cyclically Adjusted Price-to-FCF Chart

inTest 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 13.82 16.48 29.61 29.60 30.70

inTest 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 55.24 66.84 34.76 30.70 28.34

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

For the Semiconductor Equipment & Materials subindustry, inTest'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.


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

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

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



inTest 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.00/0.4
=22.50

* 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.

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

For example, inTest'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)
=0.131/131.7762*131.7762
=0.131

Current CPI (Mar. 2024) = 131.7762.

inTest Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.054 100.560 0.071
201409 0.048 100.428 0.063
201412 0.236 99.070 0.314
201503 -0.039 99.621 -0.052
201506 0.077 100.684 0.101
201509 0.162 100.392 0.213
201512 0.046 99.792 0.061
201603 -0.031 100.470 -0.041
201606 0.033 101.688 0.043
201609 0.123 101.861 0.159
201612 0.229 101.863 0.296
201703 -0.101 102.862 -0.129
201706 0.171 103.349 0.218
201709 0.314 104.136 0.397
201712 0.142 104.011 0.180
201803 0.087 105.290 0.109
201806 0.039 106.317 0.048
201809 0.290 106.507 0.359
201812 0.309 105.998 0.384
201903 -0.817 107.251 -1.004
201906 -0.054 108.070 -0.066
201909 0.061 108.329 0.074
201912 0.045 108.420 0.055
202003 -0.018 108.902 -0.022
202006 0.008 108.767 0.010
202009 0.164 109.815 0.197
202012 0.057 109.897 0.068
202103 -0.058 111.754 -0.068
202106 0.318 114.631 0.366
202109 0.327 115.734 0.372
202112 0.188 117.630 0.211
202203 -0.261 121.301 -0.284
202206 -0.233 125.017 -0.246
202209 0.101 125.227 0.106
202212 0.168 125.222 0.177
202303 0.181 127.348 0.187
202306 0.196 128.729 0.201
202309 0.453 129.860 0.460
202312 0.331 129.419 0.337
202403 0.131 131.776 0.131

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.


inTest  (FRA:IN9) 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.


inTest Cyclically Adjusted Price-to-FCF Related Terms

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


inTest (FRA:IN9) Business Description

Industry
Traded in Other Exchanges
Address
804 East Gate Drive, Suite 200, Mount Laurel, NJ, USA, 08054
inTest Corp is a supplier of test and process solutions for use in manufacturing and testing across a range of markets including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications. The company manages its business as two operating segments, Thermal Products and Electromechanical Semiconductor Products. The Thermal segment includes designing, manufacturing and selling thermal test and thermal process products. The Electromechanical Semiconductor Products segment includes designing, manufacturing and selling semiconductor test products.

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