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Alchip Technologies (TPE:3661) Cyclically Adjusted Price-to-FCF : 299.27 (As of May. 15, 2024)


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What is Alchip Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Alchip Technologies's current share price is NT$2855.00. Alchip Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$9.54. Alchip Technologies's Cyclically Adjusted Price-to-FCF for today is 299.27.

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

TPE:3661' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 45.81   Med: 172.22   Max: 683.9
Current: 284.15

During the past years, Alchip Technologies's highest Cyclically Adjusted Price-to-FCF was 683.90. The lowest was 45.81. And the median was 172.22.

TPE:3661's Cyclically Adjusted Price-to-FCF is ranked worse than
94.8% of 346 companies
in the Semiconductors industry
Industry Median: 38.065 vs TPE:3661: 284.15

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.

Alchip Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-25.720. 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$9.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alchip Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alchip Technologies'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.

Alchip Technologies Cyclically Adjusted Price-to-FCF Chart

Alchip Technologies 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 - - 153.16 187.48 269.25

Alchip Technologies 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 385.51 347.67 534.36 269.25 352.30

Competitive Comparison of Alchip Technologies's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Alchip Technologies'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.


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

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

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



Alchip Technologies 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2855.00/9.54
=299.27

* 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.

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

For example, Alchip Technologies'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)
=-25.72/129.4194*129.4194
=-25.720

Current CPI (Mar. 2024) = 129.4194.

Alchip Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.335 100.560 3.005
201409 -1.801 100.428 -2.321
201412 -0.237 99.070 -0.310
201503 2.638 99.621 3.427
201506 -3.596 100.684 -4.622
201509 -0.731 100.392 -0.942
201512 2.081 99.792 2.699
201603 2.200 100.470 2.834
201606 -3.695 101.688 -4.703
201609 1.783 101.861 2.265
201612 1.035 101.863 1.315
201703 3.411 102.862 4.292
201706 5.878 103.349 7.361
201709 -4.751 104.136 -5.905
201712 5.725 104.011 7.124
201803 0.842 105.290 1.035
201806 10.132 106.317 12.334
201809 -2.516 106.507 -3.057
201812 -6.282 105.998 -7.670
201903 -4.913 107.251 -5.929
201906 8.899 108.070 10.657
201909 2.956 108.329 3.531
201912 5.641 108.420 6.734
202003 9.377 108.902 11.144
202006 15.306 108.767 18.212
202009 12.048 109.815 14.199
202012 8.661 109.897 10.200
202103 -2.701 111.754 -3.128
202106 -1.297 114.631 -1.464
202109 -9.144 115.734 -10.225
202112 -5.147 117.630 -5.663
202203 -8.405 121.301 -8.968
202206 6.927 125.017 7.171
202209 -12.324 125.227 -12.737
202212 -7.713 125.222 -7.972
202303 -11.188 127.348 -11.370
202306 17.558 128.729 17.652
202309 1.012 129.860 1.009
202312 69.879 129.419 69.879
202403 -25.720 129.419 -25.720

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.


Alchip Technologies  (TPE:3661) 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.


Alchip Technologies Cyclically Adjusted Price-to-FCF Related Terms

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Alchip Technologies (TPE:3661) Business Description

Traded in Other Exchanges
N/A
Address
Wenhu Street, No.12, 9th floor, Neihu District, Taipei, TWN, 11445
Alchip Technologies Ltd is engaged in the research and development, design, and manufacture of fabless application-specific integrated circuits (ASIC) and system on a chip (SoC) and the rendering of related services. Its geographical segments are China, Japan, the United States, Europe, Taiwan, and Others, of which majority of its revenue comes from the United States.

Alchip Technologies (TPE:3661) Headlines

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