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Andes Technology (TPE:6533) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Andes Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Andes 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.

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Andes Technology Cyclically Adjusted Price-to-FCF Chart

Andes Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Andes Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Andes Technology's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Andes 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.


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

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

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



Andes 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.

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

For example, Andes 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)
=-3.727/131.7762*131.7762
=-3.727

Current CPI (Mar. 2024) = 131.7762.

Andes Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201503 0.577 99.621 0.763
201506 -0.106 100.684 -0.139
201509 0.095 100.392 0.125
201512 -0.515 99.792 -0.680
201603 -0.419 100.470 -0.550
201606 -0.313 101.688 -0.406
201609 -0.901 101.861 -1.166
201612 0.408 101.863 0.528
201703 -0.407 102.862 -0.521
201706 0.837 103.349 1.067
201709 -1.120 104.136 -1.417
201712 0.611 104.011 0.774
201803 -1.224 105.290 -1.532
201806 -0.911 106.317 -1.129
201809 -0.282 106.507 -0.349
201812 -0.631 105.998 -0.784
201903 -0.115 107.251 -0.141
201906 -0.858 108.070 -1.046
201909 -0.527 108.329 -0.641
201912 -0.924 108.420 -1.123
202003 0.263 108.902 0.318
202006 -1.433 108.767 -1.736
202009 -0.669 109.815 -0.803
202012 0.542 109.897 0.650
202103 1.363 111.754 1.607
202106 0.899 114.631 1.033
202109 0.258 115.734 0.294
202112 -0.354 117.630 -0.397
202203 2.863 121.301 3.110
202206 1.477 125.017 1.557
202209 4.083 125.227 4.297
202212 -3.229 125.222 -3.398
202303 -3.822 127.348 -3.955
202306 -5.060 128.729 -5.180
202309 -0.032 129.860 -0.032
202312 -8.127 129.419 -8.275
202403 -3.727 131.776 -3.727

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.


Andes Technology  (TPE:6533) 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.


Andes Technology Cyclically Adjusted Price-to-FCF Related Terms

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Andes Technology (TPE:6533) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 1, Li-Hsin First Road, A1-4, 3rd Floor, Hsinchu Science Park, Hsinchu, TWN, 30078
Andes Technology Corp is engaged in research and development, designing, manufacturing, and marketing of embedded processor intellectual property (IP), related hardware/software developing platform, and toolchains. The company solutions include AndeStar Architecture, AndesCore Processors, Andes Custom Extension, AndeShape Platforms, and others. It generates a vast majority of its revenues from the Licensing of CPU IP, followed by Royalty revenues, Custom Computing Service, and Maintenance services.

Andes Technology (TPE:6533) Headlines

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