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Mellanox Technologies (FRA:ZZE) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is Mellanox Technologies Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mellanox Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mellanox Technologies'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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Mellanox Technologies Cyclically Adjusted Price-to-FCF Chart

Mellanox Technologies Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Price-to-FCF
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Mellanox Technologies Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Competitive Comparison of Mellanox Technologies's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Mellanox Technologies'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.


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

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

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



Mellanox Technologies 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.

Mellanox Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2020 is calculated as:

For example, Mellanox Technologies's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=1.039/108.9015*108.9015
=1.039

Current CPI (Mar. 2020) = 108.9015.

Mellanox Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201006 0.249 91.962 0.295
201009 0.142 92.162 0.168
201012 0.167 92.474 0.197
201103 0.236 94.283 0.273
201106 0.190 95.235 0.217
201109 0.069 95.727 0.078
201112 0.240 95.213 0.275
201203 0.341 96.783 0.384
201206 0.975 96.819 1.097
201209 1.116 97.633 1.245
201212 0.268 96.871 0.301
201303 -0.484 98.209 -0.537
201306 0.113 98.518 0.125
201309 0.192 98.790 0.212
201312 0.378 98.326 0.419
201403 0.078 99.695 0.085
201406 0.048 100.560 0.052
201409 0.105 100.428 0.114
201412 0.648 99.070 0.712
201503 0.713 99.621 0.779
201506 0.570 100.684 0.617
201509 0.223 100.392 0.242
201512 0.438 99.792 0.478
201603 0.764 100.470 0.828
201606 0.589 101.688 0.631
201609 0.461 101.861 0.493
201612 0.878 101.863 0.939
201703 0.341 102.862 0.361
201706 -0.095 103.349 -0.100
201709 0.727 104.136 0.760
201712 0.986 104.011 1.032
201803 0.633 105.290 0.655
201806 0.522 106.317 0.535
201809 0.895 106.507 0.915
201812 1.477 105.998 1.517
201903 1.254 107.251 1.273
201906 0.782 108.070 0.788
201909 1.870 108.329 1.880
201912 2.136 108.420 2.145
202003 1.039 108.902 1.039

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.


Mellanox Technologies  (FRA:ZZE) 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.


Mellanox Technologies Cyclically Adjusted Price-to-FCF Related Terms

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Mellanox Technologies (FRA:ZZE) Business Description

Traded in Other Exchanges
N/A
Address
Beit Mellanox, Yokneam, ISR, 20692
Mellanox Technologies Ltd is engaged in the development, manufacturing, marketing and sales of end-to-end Ethernet and InfiniBand intelligent interconnect solutions and services for servers, storage, and hyper-converged infrastructure. The company offers integrated circuits, adapter cards, switch systems, cables, modules, software, services, and accessories. The company supplies its products mainly to the storage and communications infrastructure equipment vendors. The company operates its business mainly in United States, Europe, China, Japan, India, Taiwan and Australia.

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