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Qorvo (QRVO) Cyclically Adjusted Price-to-FCF : 16.22 (As of May. 26, 2024)


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What is Qorvo Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Qorvo's current share price is $98.29. Qorvo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.06. Qorvo's Cyclically Adjusted Price-to-FCF for today is 16.22.

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

QRVO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.81   Med: 18.21   Max: 20.62
Current: 16.22

During the past years, Qorvo's highest Cyclically Adjusted Price-to-FCF was 20.62. The lowest was 15.81. And the median was 18.21.

QRVO's Cyclically Adjusted Price-to-FCF is ranked better than
82.2% of 337 companies
in the Semiconductors industry
Industry Median: 40.59 vs QRVO: 16.22

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.

Qorvo's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.758. 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 $6.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qorvo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Qorvo'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.

Qorvo Cyclically Adjusted Price-to-FCF Chart

Qorvo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 18.95

Qorvo 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 - 18.55 17.44 19.42 18.95

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

For the Semiconductors subindustry, Qorvo'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.


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

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

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



Qorvo 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=98.29/6.06
=16.22

* 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.

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

For example, Qorvo'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)
=1.758/131.7762*131.7762
=1.758

Current CPI (Mar. 2024) = 131.7762.

Qorvo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.178 100.560 0.233
201409 0.265 100.428 0.348
201412 0.339 99.070 0.451
201503 0.131 99.621 0.173
201506 0.337 100.684 0.441
201509 0.587 100.392 0.771
201512 1.123 99.792 1.483
201603 0.566 100.470 0.742
201606 -0.557 101.688 -0.722
201609 0.983 101.861 1.272
201612 0.661 101.863 0.855
201703 0.643 102.862 0.824
201706 -0.164 103.349 -0.209
201709 1.163 104.136 1.472
201712 1.768 104.011 2.240
201803 1.792 105.290 2.243
201806 0.251 106.317 0.311
201809 1.124 106.507 1.391
201812 2.060 105.998 2.561
201903 1.223 107.251 1.503
201906 1.708 108.070 2.083
201909 1.133 108.329 1.378
201912 2.195 108.420 2.668
202003 1.519 108.902 1.838
202006 1.580 108.767 1.914
202009 2.044 109.815 2.453
202012 3.177 109.897 3.810
202103 2.823 111.754 3.329
202106 2.427 114.631 2.790
202109 1.757 115.734 2.001
202112 0.600 117.630 0.672
202203 2.712 121.301 2.946
202206 2.164 125.017 2.281
202209 2.126 125.227 2.237
202212 2.011 125.222 2.116
202303 0.311 127.348 0.322
202306 0.055 128.729 0.056
202309 0.653 129.860 0.663
202312 4.802 129.419 4.889
202403 1.758 131.776 1.758

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.


Qorvo  (NAS:QRVO) 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.


Qorvo Cyclically Adjusted Price-to-FCF Related Terms

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


Qorvo (QRVO) Business Description

Industry
Traded in Other Exchanges
Address
7628 Thorndike Road, Greensboro, NC, USA, 27409-9421
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
Executives
Steven E Creviston officer: VP and Pres. Mobile Products
Gina Harrison officer: VP and Corporate Controller 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley officer: Pres. Infra & Defense 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walden C Rhines director C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
Paul J Fego officer: VP, Global Operations 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Frank P. Stewart officer: SVP, Advanced Cellular 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Roderick Nelson director 2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Robert A Bruggeworth director, officer: President and CEO C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John R Harding director C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Grant Brown officer: SVP & Chief Financial Officer 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jeffery R Gardner director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James L Klein officer: VP and Pres. Infra. & Defense 2300NE BROOKWOOD PKWY, HILLSBORO OR 97124
Susan Louise Spradley director C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Mark J. Murphy officer: Chief Financial Officer DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098

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