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First Solar (LTS:0R06) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2025)


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What is First Solar Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Solar Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Solar'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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First Solar Cyclically Adjusted Price-to-FCF Chart

First Solar Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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First Solar Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of First Solar's Cyclically Adjusted Price-to-FCF

For the Solar subindustry, First Solar'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.


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

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

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


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First Solar 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.

First Solar's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, First Solar's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-7.578/134.9266*134.9266
=-7.578

Current CPI (Mar. 2025) = 134.9266.

First Solar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.484 100.684 -0.649
201509 -0.236 100.392 -0.317
201512 0.606 99.792 0.819
201603 0.315 100.470 0.423
201606 -1.369 101.688 -1.816
201609 -1.253 101.861 -1.660
201612 2.066 101.863 2.737
201703 3.641 102.862 4.776
201706 -2.603 103.349 -3.398
201709 4.578 104.136 5.932
201712 2.247 104.011 2.915
201803 -2.098 105.290 -2.689
201806 -0.628 106.317 -0.797
201809 -4.363 106.507 -5.527
201812 -2.974 105.998 -3.786
201903 -4.309 107.251 -5.421
201906 -1.567 108.070 -1.956
201909 -4.710 108.329 -5.866
201912 5.915 108.420 7.361
202003 -5.803 108.902 -7.190
202006 0.370 108.767 0.459
202009 0.951 109.815 1.168
202012 0.905 109.897 1.111
202103 -3.458 111.754 -4.175
202106 0.811 114.631 0.955
202109 1.316 115.734 1.534
202112 -1.498 117.630 -1.718
202203 -2.759 121.301 -3.069
202206 -1.034 125.017 -1.116
202209 -0.884 125.227 -0.952
202212 4.393 125.222 4.733
202303 -3.785 127.348 -4.010
202306 -4.403 128.729 -4.615
202309 -1.124 129.860 -1.168
202312 1.992 129.419 2.077
202403 -1.357 131.776 -1.389
202406 -1.601 132.554 -1.630
202409 -4.534 133.029 -4.599
202412 4.625 133.157 4.686
202503 -7.578 134.927 -7.578

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.


First Solar  (LTS:0R06) 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.


First Solar Cyclically Adjusted Price-to-FCF Related Terms

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First Solar Business Description

Industry
Address
350 West Washington Street, Suite 600, Tempe, AZ, USA, 85288
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

First Solar Headlines

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