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Fabrinet (STU:FAN) Cyclically Adjusted Price-to-FCF : 74.71 (As of Sep. 21, 2024)


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What is Fabrinet Cyclically Adjusted Price-to-FCF?

As of today (2024-09-21), Fabrinet's current share price is €206.20. Fabrinet's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €2.76. Fabrinet's Cyclically Adjusted Price-to-FCF for today is 74.71.

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

STU:FAN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 35.71   Med: 61.04   Max: 91.87
Current: 79.54

During the past years, Fabrinet's highest Cyclically Adjusted Price-to-FCF was 91.87. The lowest was 35.71. And the median was 61.04.

STU:FAN's Cyclically Adjusted Price-to-FCF is ranked worse than
79.89% of 880 companies
in the Hardware industry
Industry Median: 30.54 vs STU:FAN: 79.54

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.

Fabrinet's adjusted free cash flow per share data for the three months ended in Jun. 2024 was €1.786. 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 €2.76 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fabrinet Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fabrinet'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.

Fabrinet Cyclically Adjusted Price-to-FCF Chart

Fabrinet Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.94 69.56 47.05 63.41 84.09

Fabrinet Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 63.41 70.34 75.99 69.52 84.09

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

For the Electronic Components subindustry, Fabrinet'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.


Fabrinet's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Fabrinet 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=206.20/2.76
=74.71

* 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.

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

For example, Fabrinet's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=1.786/132.5538*132.5538
=1.786

Current CPI (Jun. 2024) = 132.5538.

Fabrinet Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.312 100.428 0.412
201412 0.246 99.070 0.329
201503 -0.710 99.621 -0.945
201506 0.089 100.684 0.117
201509 -0.155 100.392 -0.205
201512 0.085 99.792 0.113
201603 0.253 100.470 0.334
201606 -0.035 101.688 -0.046
201609 -0.675 101.861 -0.878
201612 0.083 101.863 0.108
201703 0.648 102.862 0.835
201706 -0.008 103.349 -0.010
201709 -0.329 104.136 -0.419
201712 0.664 104.011 0.846
201803 0.959 105.290 1.207
201806 0.966 106.317 1.204
201809 0.672 106.507 0.836
201812 0.709 105.998 0.887
201903 0.771 107.251 0.953
201906 0.860 108.070 1.055
201909 -0.095 108.329 -0.116
201912 0.961 108.420 1.175
202003 0.952 108.902 1.159
202006 0.732 108.767 0.892
202009 0.486 109.815 0.587
202012 -0.089 109.897 -0.107
202103 0.598 111.754 0.709
202106 0.662 114.631 0.766
202109 0.093 115.734 0.107
202112 0.027 117.630 0.030
202203 0.649 121.301 0.709
202206 0.043 125.017 0.046
202209 1.384 125.227 1.465
202212 0.784 125.222 0.830
202303 0.431 127.348 0.449
202306 1.330 128.729 1.370
202309 3.427 129.860 3.498
202312 1.853 129.419 1.898
202403 2.187 131.776 2.200
202406 1.786 132.554 1.786

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.


Fabrinet  (STU:FAN) 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.


Fabrinet Cyclically Adjusted Price-to-FCF Related Terms

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


Fabrinet Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fabrinet (STU:FAN) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
C/o Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005
Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.

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