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LSI (FRA:LOG) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is LSI Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


LSI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for LSI'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.

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LSI Cyclically Adjusted Price-to-FCF Chart

LSI Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted Price-to-FCF
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LSI Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
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Competitive Comparison of LSI's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, LSI'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.


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

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

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



LSI 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.

LSI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2014 is calculated as:

For example, LSI's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2014 (Change)*Current CPI (Mar. 2014)
=0.028/99.6945*99.6945
=0.028

Current CPI (Mar. 2014) = 99.6945.

LSI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200406 0.031 80.037 0.039
200409 0.021 80.121 0.026
200412 0.030 80.290 0.037
200503 0.099 81.555 0.121
200506 0.102 82.062 0.124
200509 0.129 83.876 0.153
200512 0.084 83.032 0.101
200603 0.173 84.298 0.205
200606 0.072 85.606 0.084
200609 0.061 85.606 0.071
200612 0.068 85.142 0.080
200703 0.065 86.640 0.075
200706 0.010 87.906 0.011
200709 0.063 87.964 0.071
200712 0.083 88.616 0.093
200803 0.059 90.090 0.065
200806 -0.005 92.320 -0.005
200809 0.032 92.307 0.035
200812 0.067 88.697 0.075
200903 -0.042 89.744 -0.047
200906 0.050 91.003 0.055
200909 0.051 91.120 0.056
200912 0.058 91.111 0.063
201003 0.087 91.821 0.094
201006 0.058 91.962 0.063
201009 0.076 92.162 0.082
201012 0.105 92.474 0.113
201103 0.098 94.283 0.104
201106 0.026 95.235 0.027
201109 0.044 95.727 0.046
201112 0.054 95.213 0.057
201203 -0.019 96.783 -0.020
201206 0.143 96.819 0.147
201209 0.117 97.633 0.119
201212 0.089 96.871 0.092
201303 0.051 98.209 0.052
201306 0.080 98.518 0.081
201309 0.055 98.790 0.056
201312 0.144 98.326 0.146
201403 0.028 99.695 0.028

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.


LSI  (FRA:LOG) 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.


LSI Cyclically Adjusted Price-to-FCF Related Terms

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LSI (FRA:LOG) Business Description

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Address
LSI Corporation was incorporated in California on November 6, 1980, and was reincorporated in Delaware on June 11, 1987. The Company designs, develops and markets networking semiconductors and storage systems. It provides silicon-to-system solutions that are used to create, store, consume and transport digital information. It offers integrated circuits used in hard disk drives, solid state drives, high-speed communications systems, computer servers, storage systems and personal computers. It also offers external storage systems, storage systems software, redundant array of independent disks, or RAID, adapters for computer servers, and RAID software applications. The Company has two segments — the Semiconductor segment and the Storage Systems segment. Its semiconductor segment designs, develops and markets complex integrated circuits for storage and networking applications. These solutions include both custom solutions and standard products. It designs custom solutions for a specific application defined by the customer. The Company develops products for market applications that it defines and sells them to multiple customers. It sells its integrated circuits for storage applications to makers of hard disk drives, solid state drives and computer servers. It sells its integrated circuits for networking applications principally to makers of devices used in computer and telecommunications networks and, to a lesser extent, to makers of personal computers. Its storage systems segment designs and sells enterprise storage systems and storage software applications that enable storage area networks. The Company also offers RAID adapters for computer servers and associated software for attaching storage devices to computer servers. It sells its storage systems and storage solutions mainly to OEMs who resell these products to end customers under their own brand name. The semiconductor industry is competitive and is characterized by rapidly changing technology, short product cycles and emerging standards. The semiconductor manufacturing process begins with wafer fabrication, where a design is transferred to silicon wafers through a series of processes, including photolithography, ion implantation, deposition of numerous films and the etching of these various films and layers. On January 3, 2012, the company acquired SandForce, Inc., a provider of flash storage processors, or FSPs, for enterprise and client flash solutions and solid state drives, or SSDs. Federal, state and local regulations, in addition to those of other nations, impose various environmental controls on certain chemicals and restricted substances used in the manufacture of semiconductor and storage products.

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