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THine Electronics (TSE:6769) Cyclically Adjusted Price-to-FCF : 71.92 (As of May. 19, 2024)


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What is THine Electronics Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), THine Electronics's current share price is 円940.00. THine Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円13.07. THine Electronics's Cyclically Adjusted Price-to-FCF for today is 71.92.

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

TSE:6769' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 35.19   Med: 63.01   Max: 174.43
Current: 71.91

During the past years, THine Electronics's highest Cyclically Adjusted Price-to-FCF was 174.43. The lowest was 35.19. And the median was 63.01.

TSE:6769's Cyclically Adjusted Price-to-FCF is ranked worse than
72.05% of 347 companies
in the Semiconductors industry
Industry Median: 37.92 vs TSE:6769: 71.91

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.

THine Electronics's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円-32.574. 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 円13.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


THine Electronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for THine Electronics'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.

THine Electronics Cyclically Adjusted Price-to-FCF Chart

THine Electronics 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 91.12 100.70 90.84 74.15 64.49

THine Electronics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 74.15 55.58 50.59 43.60 64.49

Competitive Comparison of THine Electronics's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, THine Electronics'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.


THine Electronics's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



THine Electronics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=940.00/13.07
=71.92

* 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.

THine Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, THine Electronics's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-32.574/106.8000*106.8000
=-32.574

Current CPI (Dec. 2023) = 106.8000.

THine Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 17.318 95.700 19.327
201406 14.135 98.000 15.404
201409 8.599 98.500 9.324
201412 41.679 97.900 45.468
201503 16.654 97.900 18.168
201506 11.171 98.400 12.125
201509 15.602 98.500 16.917
201512 -2.102 98.100 -2.288
201603 7.887 97.900 8.604
201606 -28.410 98.100 -30.930
201609 4.918 98.000 5.360
201612 6.105 98.400 6.626
201703 9.746 98.100 10.610
201706 -17.974 98.500 -19.489
201709 -3.832 98.800 -4.142
201712 -3.206 99.400 -3.445
201803 -0.065 99.200 -0.070
201806 -8.986 99.200 -9.674
201809 -2.889 99.900 -3.089
201812 17.713 99.700 18.974
201903 3.880 99.700 4.156
201906 -23.538 99.800 -25.189
201909 15.526 100.100 16.565
201912 16.290 100.500 17.311
202003 3.720 100.300 3.961
202006 -11.369 99.900 -12.154
202009 -18.014 99.900 -19.258
202012 -22.443 99.300 -24.138
202103 -0.011 99.900 -0.012
202106 11.050 99.500 11.861
202109 16.509 100.100 17.614
202112 5.546 100.100 5.917
202203 -6.447 101.100 -6.810
202206 21.980 101.800 23.060
202209 -17.083 103.100 -17.696
202212 -16.087 104.100 -16.504
202303 47.860 104.400 48.960
202306 15.516 105.200 15.752
202309 6.092 106.200 6.126
202312 -32.574 106.800 -32.574

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.


THine Electronics  (TSE:6769) 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.


THine Electronics Cyclically Adjusted Price-to-FCF Related Terms

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


THine Electronics (TSE:6769) Business Description

Industry
Traded in Other Exchanges
N/A
Address
9-1 Kanda-mitoshiro-cho MD-Kanda Building, Chiyoda-ku, Tokyo, JPN, 101-0053
THine Electronics, Inc. is a Japanese based fabless semiconductor maker. Together with its subsidiaries, the firm is engaged in planning, designing, and sales of mixed-signal LSIs and ASSP (Application Specific Standard Products). Its products are used in automotive, medical, camera, gaming, multifunction printer, mobiles, and projector. Its product portfolio includes motor driver, power module, a timing controller, image signal processor (ISP), repeater among others. The company has a geographic presence in Japan, Korea, China, Taiwan, Europe, and North America.

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