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MegaChips (TSE:6875) Cyclically Adjusted Price-to-FCF : 37.65 (As of May. 17, 2024)


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What is MegaChips Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), MegaChips's current share price is 円4365.00. MegaChips's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円115.94. MegaChips's Cyclically Adjusted Price-to-FCF for today is 37.65.

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

TSE:6875' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.12   Med: 40.2   Max: 1909.03
Current: 36.66

During the past years, MegaChips's highest Cyclically Adjusted Price-to-FCF was 1909.03. The lowest was 12.12. And the median was 40.20.

TSE:6875's Cyclically Adjusted Price-to-FCF is ranked better than
51.45% of 346 companies
in the Semiconductors industry
Industry Median: 38.2 vs TSE:6875: 36.66

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.

MegaChips's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円-155.444. 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115.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


MegaChips Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MegaChips'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.

MegaChips Cyclically Adjusted Price-to-FCF Chart

MegaChips Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.61 27.76 31.31 33.79

MegaChips 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 26.22 33.79 36.29 39.60 40.36

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

For the Semiconductors subindustry, MegaChips'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.


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

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

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



MegaChips 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4365.00/115.94
=37.65

* 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.

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

For example, MegaChips'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)
=-155.444/106.8000*106.8000
=-155.444

Current CPI (Dec. 2023) = 106.8000.

MegaChips Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 381.299 95.700 425.525
201406 129.754 98.000 141.405
201409 16.316 98.500 17.691
201412 -365.731 97.900 -398.979
201503 436.533 97.900 476.218
201506 121.228 98.400 131.577
201509 -178.518 98.500 -193.561
201512 -62.176 98.100 -67.690
201603 167.203 97.900 182.403
201606 76.164 98.100 82.919
201609 -101.909 98.000 -111.060
201612 -297.312 98.400 -322.692
201703 98.862 98.100 107.630
201706 189.435 98.500 205.398
201709 -463.756 98.800 -501.307
201712 185.746 99.400 199.574
201803 81.338 99.200 87.570
201806 -367.631 99.200 -395.796
201809 -227.704 99.900 -243.431
201812 127.269 99.700 136.332
201903 -245.364 99.700 -262.837
201906 113.958 99.800 121.951
201909 250.300 100.100 267.053
201912 59.597 100.500 63.333
202003 799.397 100.300 851.202
202006 -11.530 99.900 -12.326
202009 217.180 99.900 232.180
202012 -363.680 99.300 -391.148
202103 364.117 99.900 389.266
202106 -169.788 99.500 -182.245
202109 -121.489 100.100 -129.621
202112 -380.620 100.100 -406.096
202203 639.513 101.100 675.569
202206 -376.404 101.800 -394.891
202209 -106.343 103.100 -110.159
202212 149.786 104.100 153.671
202303 347.735 104.400 355.729
202306 172.042 105.200 174.659
202309 -39.910 106.200 -40.135
202312 -155.444 106.800 -155.444

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.


MegaChips  (TSE:6875) 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.


MegaChips Cyclically Adjusted Price-to-FCF Related Terms

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


MegaChips (TSE:6875) Business Description

Industry
Traded in Other Exchanges
Address
1-1-1 Miyahara, Yodogawa-ku, Shin-Osaka Hankyu Building, Osaka, JPN, 532-0003
MegaChips Corp. is engaged in the design, development, manufacture, and sale of system large scale integration (LSI), based on its basic image, audio and communications technologies and electronic devices and system equipment that contain its system LSIs. The company's main products Include LSIs for entertainment devices such as game consoles, image processing LSIs for digital cameras, LSIs for liquid crystal display (LCD) panels, and video surveillance system equipment for security field, among others. Geographically all the operations are functioned through the region of Japan and it derives revenue through the sale of LSI products.

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