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Qualcomm (XTER:QCI) Cyclically Adjusted Price-to-FCF : 30.59 (As of May. 05, 2024)


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What is Qualcomm Cyclically Adjusted Price-to-FCF?

As of today (2024-05-05), Qualcomm's current share price is €166.08. Qualcomm's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.43. Qualcomm's Cyclically Adjusted Price-to-FCF for today is 30.59.

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

XTER:QCI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.77   Med: 23.38   Max: 40.94
Current: 30.51

During the past years, Qualcomm's highest Cyclically Adjusted Price-to-FCF was 40.94. The lowest was 14.77. And the median was 23.38.

XTER:QCI's Cyclically Adjusted Price-to-FCF is ranked better than
57.27% of 344 companies
in the Semiconductors industry
Industry Median: 37.38 vs XTER:QCI: 30.51

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.

Qualcomm's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.744. 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 €5.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qualcomm Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Qualcomm'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.

Qualcomm Cyclically Adjusted Price-to-FCF Chart

Qualcomm Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.19 30.55 28.50 21.89 19.64

Qualcomm 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 24.04 21.87 19.64 25.45 28.75

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

For the Semiconductors subindustry, Qualcomm'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.


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

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

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



Qualcomm 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=166.08/5.43
=30.59

* 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.

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

For example, Qualcomm'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)
=2.744/129.4194*129.4194
=2.744

Current CPI (Mar. 2024) = 129.4194.

Qualcomm Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.080 100.560 1.390
201409 0.633 100.428 0.816
201412 1.015 99.070 1.326
201503 -0.473 99.621 -0.614
201506 0.957 100.684 1.230
201509 0.852 100.392 1.098
201512 1.580 99.792 2.049
201603 0.367 100.470 0.473
201606 1.021 101.688 1.299
201609 1.294 101.861 1.644
201612 0.924 101.863 1.174
201703 0.438 102.862 0.551
201706 -0.004 103.349 -0.005
201709 1.220 104.136 1.516
201712 0.879 104.011 1.094
201803 0.180 105.290 0.221
201806 1.059 106.317 1.289
201809 -0.352 106.507 -0.428
201812 0.147 105.998 0.179
201903 0.454 107.251 0.548
201906 3.351 108.070 4.013
201909 0.684 108.329 0.817
201912 0.638 108.420 0.762
202003 0.580 108.902 0.689
202006 1.134 108.767 1.349
202009 1.032 109.815 1.216
202012 1.924 109.897 2.266
202103 1.772 111.754 2.052
202106 2.078 114.631 2.346
202109 0.481 115.734 0.538
202112 1.142 117.630 1.256
202203 1.758 121.301 1.876
202206 1.953 125.017 2.022
202209 0.725 125.227 0.749
202212 2.251 125.222 2.326
202303 0.835 127.348 0.849
202306 1.931 128.729 1.941
202309 3.160 129.860 3.149
202312 2.225 129.419 2.225
202403 2.744 129.419 2.744

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.


Qualcomm  (XTER:QCI) 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.


Qualcomm Cyclically Adjusted Price-to-FCF Related Terms

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


Qualcomm (XTER:QCI) Business Description

Industry
Address
5775 Morehouse Drive, San Diego, CA, USA, 92121-1714
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

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