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Qualcomm (Qualcomm) Cyclically Adjusted Price-to-FCF : 33.68 (As of May. 24, 2024)


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What is Qualcomm Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Qualcomm's current share price is $201.76. Qualcomm's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.99. Qualcomm's Cyclically Adjusted Price-to-FCF for today is 33.68.

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

QCOM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.77   Med: 23.38   Max: 40.94
Current: 33.88

During the past years, Qualcomm's highest Cyclically Adjusted Price-to-FCF was 40.94. The lowest was 14.77. And the median was 23.38.

QCOM's Cyclically Adjusted Price-to-FCF is ranked better than
56.92% of 325 companies
in the Semiconductors industry
Industry Median: 40.27 vs QCOM: 33.88

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.

Qualcomm's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $2.982. 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 $5.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qualcomm Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Qualcomm'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.

Qualcomm Cyclically Adjusted Price-to-FCF Chart

Qualcomm Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.19 30.55 28.50 21.89 19.64

Qualcomm 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 24.04 21.87 19.64 25.45 28.27

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

For the Semiconductors subindustry, Qualcomm'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.


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

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

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



Qualcomm 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=201.76/5.99
=33.68

* 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.

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

For example, Qualcomm'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)
=2.982/131.7762*131.7762
=2.982

Current CPI (Mar. 2024) = 131.7762.

Qualcomm Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.467 100.560 1.922
201409 0.816 100.428 1.071
201412 1.252 99.070 1.665
201503 -0.512 99.621 -0.677
201506 1.074 100.684 1.406
201509 0.957 100.392 1.256
201512 1.721 99.792 2.273
201603 0.409 100.470 0.536
201606 1.147 101.688 1.486
201609 1.452 101.861 1.878
201612 0.975 101.863 1.261
201703 0.469 102.862 0.601
201706 -0.004 103.349 -0.005
201709 1.454 104.136 1.840
201712 1.040 104.011 1.318
201803 0.222 105.290 0.278
201806 1.237 106.317 1.533
201809 -0.411 106.507 -0.509
201812 0.167 105.998 0.208
201903 0.513 107.251 0.630
201906 3.786 108.070 4.617
201909 0.753 108.329 0.916
201912 0.709 108.420 0.862
202003 0.641 108.902 0.776
202006 1.277 108.767 1.547
202009 1.216 109.815 1.459
202012 2.341 109.897 2.807
202103 2.109 111.754 2.487
202106 2.504 114.631 2.879
202109 0.566 115.734 0.644
202112 1.291 117.630 1.446
202203 1.936 121.301 2.103
202206 2.064 125.017 2.176
202209 0.718 125.227 0.756
202212 2.385 125.222 2.510
202303 0.894 127.348 0.925
202306 2.092 128.729 2.142
202309 3.372 129.860 3.422
202312 2.427 129.419 2.471
202403 2.982 131.776 2.982

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.


Qualcomm  (NAS:QCOM) 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.


Qualcomm Cyclically Adjusted Price-to-FCF Related Terms

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


Qualcomm (Qualcomm) Business Description

Industry
Address
5775 Morehouse Drive, San Diego, CA, USA, 92121-1714
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
Executives
Cristiano R Amon officer: President 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
James J Cathey officer: Chief Commercial Officer 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Alexander H Rogers officer: EVP & President, QTL 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Neil Martin officer: SVP, Finance and CAO 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
James H Thompson officer: EVP, Qualcomm Technologies Inc 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Jeffrey William Henderson director 7000 CARDINAL PLACE, DUBLIN OH 43017
Erin L Polek officer: SVP Corporate Controller & CAO 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Akash J. Palkhiwala officer: SVP & Interim CFO 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Ann C Chaplin officer: General Counsel&Corp Secretary 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Donald J Rosenberg officer: EVP, GC & Corporate Secretary QUALCOMM INCORPORATED, 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Brian Modoff officer: EVP, Strategy and M&A 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Gregory N Johnson director C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Sylvia Acevedo director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Randt Clark T. Jr. director ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68154
Jean-pascal Tricoire director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121