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Knowles (Knowles) Cyclically Adjusted FCF per Share : $0.77 (As of Dec. 2023)


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What is Knowles Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Knowles's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.610. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.77 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Knowles's average Cyclically Adjusted FCF Growth Rate was 5.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-04-27), Knowles's current stock price is $16.03. Knowles's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.77. Knowles's Cyclically Adjusted Price-to-FCF of today is 20.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Knowles was 27.82. The lowest was 17.09. And the median was 21.60.


Knowles Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Knowles's Cyclically Adjusted FCF per Share 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.

Knowles Cyclically Adjusted FCF per Share Chart

Knowles Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.73 0.77

Knowles Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 0.73 0.77 0.77 0.76 0.77

Competitive Comparison of Knowles's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Knowles'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.


Knowles's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Knowles Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Knowles'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)
=0.61/129.4194*129.4194
=0.610

Current CPI (Dec. 2023) = 129.4194.

Knowles Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.175 99.695 0.227
201406 0.007 100.560 0.009
201409 -0.107 100.428 -0.138
201412 0.107 99.070 0.140
201503 -0.135 99.621 -0.175
201506 -0.049 100.684 -0.063
201509 -0.246 100.392 -0.317
201512 0.578 99.792 0.750
201603 0.113 100.470 0.146
201606 -0.226 101.688 -0.288
201609 0.188 101.861 0.239
201612 0.691 101.863 0.878
201703 0.002 102.862 0.003
201706 -0.114 103.349 -0.143
201709 -0.025 104.136 -0.031
201712 0.569 104.011 0.708
201803 -0.323 105.290 -0.397
201806 -0.107 106.317 -0.130
201809 0.222 106.507 0.270
201812 0.391 105.998 0.477
201903 -0.290 107.251 -0.350
201906 0.137 108.070 0.164
201909 0.337 108.329 0.403
201912 0.677 108.420 0.808
202003 -0.101 108.902 -0.120
202006 0.215 108.767 0.256
202009 0.236 109.815 0.278
202012 0.663 109.897 0.781
202103 0.363 111.754 0.420
202106 0.111 114.631 0.125
202109 0.461 115.734 0.516
202112 0.478 117.630 0.526
202203 -0.064 121.301 -0.068
202206 0.136 125.017 0.141
202209 0.090 125.227 0.093
202212 0.432 125.222 0.446
202303 0.197 127.348 0.200
202306 -0.038 128.729 -0.038
202309 0.394 129.860 0.393
202312 0.610 129.419 0.610

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Knowles  (NYSE:KN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Knowles's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=16.03/0.77
=20.82

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Knowles was 27.82. The lowest was 17.09. And the median was 21.60.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Knowles Cyclically Adjusted FCF per Share Related Terms

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


Knowles (Knowles) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Knowles Corp (NYSE:KN) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1151 Maplewood Drive, Itasca, IL, USA, 60143
Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.
Executives
Raymond D. Cabrera officer: Senior VP, HR & CAO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Erania Brackett director C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Daniel J Crowley director 870 WINTER STREET, WALTHAM MA 02451
Jeffrey Niew director, officer: President & CEO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Cheryl L Shavers director 400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498
John S. Anderson officer: Senior VP & CFO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Daniel J. Giesecke officer: Senior VP & COO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Bastarrica Air A. Jr. officer: Vice President & Controller 1151 MAPLEWOOD DR, ITASCA IL 60143-2071
Donald Macleod director
Michael S Wishart director SPANSION INC., 915 DEGUIGNE DRIVE, SUNNYVALE CA 94085-3836
Ronald Steven Jankov director 3875 FREEDOM CIRCLE, SUITE 900, SANTA CLARA CA 95054
Didier Hirsch director 5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Christian Scherp officer: Co-President, MCE KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Ye Jane Li director 200 FLYNN ROAD, CAMARILLO CA 93012-8790
Michael S. Polacek officer: President, Intelligent Audio KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143