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SK Hynix (SK Hynix) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


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What is SK Hynix Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


SK Hynix Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SK Hynix'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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SK Hynix Cyclically Adjusted Price-to-FCF Chart

SK Hynix 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 101.01 167.77 71.63 49.43 343.95

SK Hynix 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 127.22 241.27 488.93 343.95 -

Competitive Comparison of SK Hynix's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, SK Hynix'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.


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

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

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



SK Hynix 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.

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

For example, SK Hynix'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)
=0/118.8477*118.8477
=0.000

Current CPI (Mar. 2024) = 118.8477.

SK Hynix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.350 99.353 0.419
201409 0.392 99.608 0.468
201412 0.331 99.098 0.397
201503 0.967 99.720 1.152
201506 -0.057 100.050 -0.068
201509 0.153 100.110 0.182
201512 1.276 100.220 1.513
201603 -1.354 100.560 -1.600
201606 -0.534 100.790 -0.630
201609 0.207 101.460 0.242
201612 0.562 101.560 0.658
201703 0.758 102.850 0.876
201706 0.481 102.610 0.557
201709 1.800 103.490 2.067
201712 3.071 102.990 3.544
201803 0.019 104.100 0.022
201806 -0.931 104.130 -1.063
201809 4.598 105.650 5.172
201812 3.091 104.350 3.520
201903 -2.412 104.490 -2.743
201906 -6.923 104.880 -7.845
201909 -0.686 105.200 -0.775
201912 -0.073 105.120 -0.083
202003 -0.702 105.540 -0.791
202006 1.202 104.870 1.362
202009 0.792 106.200 0.886
202012 0.534 105.765 0.600
202103 -1.484 107.357 -1.643
202106 1.852 107.579 2.046
202109 4.066 108.759 4.443
202112 3.411 109.676 3.696
202203 -0.350 111.806 -0.372
202206 -0.461 114.083 -0.480
202209 -1.145 114.831 -1.185
202212 -3.562 115.200 -3.675
202303 -5.924 116.550 -6.041
202306 -0.806 117.140 -0.818
202309 -0.637 119.111 -0.636
202312 2.368 118.848 2.368
202403 0.000 118.848 0.000

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.


SK Hynix  (OTCPK:HXSCL) 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.


SK Hynix Cyclically Adjusted Price-to-FCF Related Terms

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


SK Hynix (SK Hynix) Business Description

Industry
Traded in Other Exchanges
Address
2091, Gyeongchung-daero, Bubai-eub, Icheon-si, Gyeonggi-do, KOR
SK Hynix is a semiconductor supplier with around 65%-70% of its revenue from DRAM and 25%-30% of its revenue from NAND flash. SK Hynix is the second-largest DRAM supplier globally with approximately 28% market share and the fifth-largest NAND supplier globally with approximately 19% market share. SK Telecom, the largest telecom carrier in South Korea, became the largest shareholder in 2012 and currently holds 20% of SK Hynix's shares.