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eMemory Technology (ROCO:3529) Cyclically Adjusted Price-to-FCF : 177.08 (As of May. 22, 2024)


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What is eMemory Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), eMemory Technology's current share price is NT$2295.00. eMemory Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$12.96. eMemory Technology's Cyclically Adjusted Price-to-FCF for today is 177.08.

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

ROCO:3529' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33.27   Med: 129.63   Max: 311.32
Current: 187.56

During the past years, eMemory Technology's highest Cyclically Adjusted Price-to-FCF was 311.32. The lowest was 33.27. And the median was 129.63.

ROCO:3529's Cyclically Adjusted Price-to-FCF is ranked worse than
92.19% of 320 companies
in the Semiconductors industry
Industry Median: 40.025 vs ROCO:3529: 187.56

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.

eMemory Technology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$5.095. 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 NT$12.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


eMemory Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for eMemory Technology'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.

eMemory Technology Cyclically Adjusted Price-to-FCF Chart

eMemory Technology 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 67.73 91.26 252.58 120.03 197.67

eMemory Technology 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 158.69 183.92 167.24 197.67 192.19

Competitive Comparison of eMemory Technology's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, eMemory Technology'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.


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

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

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



eMemory Technology 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2295.00/12.96
=177.08

* 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.

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

For example, eMemory Technology'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)
=5.095/131.7762*131.7762
=5.095

Current CPI (Mar. 2024) = 131.7762.

eMemory Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.278 100.560 1.675
201409 1.166 100.428 1.530
201412 2.020 99.070 2.687
201503 1.439 99.621 1.903
201506 1.586 100.684 2.076
201509 1.073 100.392 1.408
201512 2.327 99.792 3.073
201603 1.606 100.470 2.106
201606 2.196 101.688 2.846
201609 0.766 101.861 0.991
201612 2.181 101.863 2.821
201703 1.008 102.862 1.291
201706 2.325 103.349 2.965
201709 2.625 104.136 3.322
201712 1.683 104.011 2.132
201803 1.795 105.290 2.247
201806 1.156 106.317 1.433
201809 2.375 106.507 2.938
201812 2.677 105.998 3.328
201903 2.906 107.251 3.571
201906 1.015 108.070 1.238
201909 1.092 108.329 1.328
201912 2.315 108.420 2.814
202003 3.130 108.902 3.787
202006 2.580 108.767 3.126
202009 1.750 109.815 2.100
202012 4.238 109.897 5.082
202103 4.268 111.754 5.033
202106 3.350 114.631 3.851
202109 2.818 115.734 3.209
202112 7.038 117.630 7.884
202203 5.179 121.301 5.626
202206 4.674 125.017 4.927
202209 3.791 125.227 3.989
202212 7.799 125.222 8.207
202303 4.825 127.348 4.993
202306 3.413 128.729 3.494
202309 0.619 129.860 0.628
202312 6.683 129.419 6.805
202403 5.095 131.776 5.095

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.


eMemory Technology  (ROCO:3529) 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.


eMemory Technology Cyclically Adjusted Price-to-FCF Related Terms

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


eMemory Technology (ROCO:3529) Business Description

Traded in Other Exchanges
N/A
Address
8th Floor, No. 5, Tai-Yuan 1st Street, Hsinchu, Jhubei, TWN, 302082
eMemory Technology Inc provides and develops embedded flash memory products. It licenses its intellectual property (IP) to semiconductor foundries, integrated devices manufacturers and design houses. Its products are NeoBit, NeoFuse, NeoMTP, NeoPUF, and NeoEE. The company earns revenue in the form of Royalty and Income generated from the Technical Service provided, out of which the majority comes from the Royalties. The company operates in Taiwan, China, Singapore, Korea, the United States of America and other countries. Taiwan contributes to the majority of the revenue.

eMemory Technology (ROCO:3529) Headlines

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