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First Solar (XSWX:FSLR) Cyclically Adjusted Price-to-FCF : (As of Jun. 24, 2025)


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What is First Solar Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Solar Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Solar'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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First Solar Cyclically Adjusted Price-to-FCF Chart

First Solar Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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First Solar Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of First Solar's Cyclically Adjusted Price-to-FCF

For the Solar subindustry, First Solar'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.


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

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

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


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First Solar 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.

First Solar's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, First Solar's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-6.765/134.9266*134.9266
=-6.765

Current CPI (Mar. 2025) = 134.9266.

First Solar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.451 100.684 -0.604
201509 -0.230 100.392 -0.309
201512 0.603 99.792 0.815
201603 0.309 100.470 0.415
201606 -1.327 101.688 -1.761
201609 -1.220 101.861 -1.616
201612 2.106 101.863 2.790
201703 3.646 102.862 4.783
201706 -2.520 103.349 -3.290
201709 4.407 104.136 5.710
201712 2.218 104.011 2.877
201803 -1.989 105.290 -2.549
201806 -0.621 106.317 -0.788
201809 -4.224 106.507 -5.351
201812 -2.950 105.998 -3.755
201903 -4.311 107.251 -5.423
201906 -1.548 108.070 -1.933
201909 -4.666 108.329 -5.812
201912 5.812 108.420 7.233
202003 -5.567 108.902 -6.897
202006 0.352 108.767 0.437
202009 0.870 109.815 1.069
202012 0.804 109.897 0.987
202103 -3.243 111.754 -3.915
202106 0.740 114.631 0.871
202109 1.221 115.734 1.423
202112 -1.390 117.630 -1.594
202203 -2.567 121.301 -2.855
202206 -1.010 125.017 -1.090
202209 -0.863 125.227 -0.930
202212 4.104 125.222 4.422
202303 -3.531 127.348 -3.741
202306 -4.001 128.729 -4.194
202309 -1.022 129.860 -1.062
202312 1.742 129.419 1.816
202403 -1.218 131.776 -1.247
202406 -1.447 132.554 -1.473
202409 -3.886 133.029 -3.941
202412 4.172 133.157 4.227
202503 -6.765 134.927 -6.765

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.


First Solar  (XSWX:FSLR) 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.


First Solar Cyclically Adjusted Price-to-FCF Related Terms

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


First Solar Business Description

Industry
Address
350 West Washington Street, Suite 600, Tempe, AZ, USA, 85288
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.