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Melexis NV (STU:MEX) Cyclically Adjusted Price-to-FCF : 44.46 (As of Jun. 23, 2024)


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What is Melexis NV Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Melexis NV's current share price is €82.70. Melexis NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.86. Melexis NV's Cyclically Adjusted Price-to-FCF for today is 44.46.

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

STU:MEX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 31.58   Med: 47.41   Max: 68.43
Current: 44.63

During the past years, Melexis NV's highest Cyclically Adjusted Price-to-FCF was 68.43. The lowest was 31.58. And the median was 47.41.

STU:MEX's Cyclically Adjusted Price-to-FCF is ranked worse than
54.2% of 345 companies
in the Semiconductors industry
Industry Median: 39.66 vs STU:MEX: 44.63

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.

Melexis NV's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.230. 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 €1.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melexis NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Melexis NV'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.

Melexis NV Cyclically Adjusted Price-to-FCF Chart

Melexis NV 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 46.39 51.61 58.85 37.05 49.80

Melexis NV 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 47.85 47.83 43.88 49.80 40.19

Competitive Comparison of Melexis NV's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Melexis NV'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.


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

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

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



Melexis NV 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=82.70/1.86
=44.46

* 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.

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

For example, Melexis NV'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)
=0.23/130.5518*130.5518
=0.230

Current CPI (Mar. 2024) = 130.5518.

Melexis NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.492 99.482 0.646
201409 0.610 99.195 0.803
201412 0.525 99.086 0.692
201503 0.076 99.423 0.100
201506 0.540 100.107 0.704
201509 0.676 100.245 0.880
201512 0.556 100.572 0.722
201603 0.376 101.653 0.483
201606 0.735 102.267 0.938
201609 0.342 102.118 0.437
201612 0.498 102.614 0.634
201703 0.397 103.972 0.498
201706 0.341 103.902 0.428
201709 0.613 104.170 0.768
201712 0.307 104.804 0.382
201803 -0.143 105.419 -0.177
201806 -0.232 106.063 -0.286
201809 0.195 106.618 0.239
201812 0.737 107.252 0.897
201903 0.153 107.876 0.185
201906 0.018 107.896 0.022
201909 0.737 107.470 0.895
201912 0.770 108.065 0.930
202003 0.322 108.550 0.387
202006 0.167 108.540 0.201
202009 0.532 108.441 0.640
202012 0.729 108.511 0.877
202103 0.548 109.522 0.653
202106 0.469 110.305 0.555
202109 0.605 111.543 0.708
202112 0.943 114.705 1.073
202203 0.595 118.620 0.655
202206 0.934 120.948 1.008
202209 1.436 124.120 1.510
202212 0.699 126.578 0.721
202303 0.203 126.528 0.209
202306 -2.853 125.973 -2.957
202309 0.133 127.083 0.137
202312 0.264 128.292 0.269
202403 0.230 130.552 0.230

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.


Melexis NV  (STU:MEX) 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.


Melexis NV Cyclically Adjusted Price-to-FCF Related Terms

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


Melexis NV (STU:MEX) Business Description

Industry
Traded in Other Exchanges
Address
Rozendaalstraat 12, Ieper, BEL, 8900
Melexis designs sensor integrated circuits, which are a type of analog/mixed-signal chip, for the automobile industry. Its chips measure variables like positioning, temperature, electrical current, and pressure and convert real-world signals into digital signals to control car functionalities like the powertrain, rotation, safety systems, and pumps and fans, among many others.

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