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Deswell Industries (Deswell Industries) Cyclically Adjusted Price-to-FCF : 16.43 (As of Apr. 27, 2024)


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What is Deswell Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Deswell Industries's current share price is $2.30. Deswell Industries's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was $0.14. Deswell Industries's Cyclically Adjusted Price-to-FCF for today is 16.43.

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

DSWL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.65   Med: 16.21   Max: 31.92
Current: 16.11

During the past 13 years, Deswell Industries's highest Cyclically Adjusted Price-to-FCF was 31.92. The lowest was 3.65. And the median was 16.21.

DSWL's Cyclically Adjusted Price-to-FCF is ranked better than
73.35% of 953 companies
in the Hardware industry
Industry Median: 27.98 vs DSWL: 16.11

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.

Deswell Industries's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was $0.759. 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 $0.14 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deswell Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Deswell Industries'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.

Deswell Industries Cyclically Adjusted Price-to-FCF Chart

Deswell Industries 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 18.79 15.11 17.78 30.29 18.40

Deswell Industries Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 30.29 - 18.40 -

Competitive Comparison of Deswell Industries's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Deswell Industries'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.


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

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

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



Deswell Industries 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.30/0.14
=16.43

* 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.

Deswell Industries's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Deswell Industries's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.759/127.3478*127.3478
=0.759

Current CPI (Mar23) = 127.3478.

Deswell Industries Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.169 99.695 -0.216
201503 -0.203 99.621 -0.259
201603 -0.002 100.470 -0.003
201703 -0.202 102.862 -0.250
201803 0.250 105.290 0.302
201903 0.080 107.251 0.095
202003 0.793 108.902 0.927
202103 0.171 111.754 0.195
202203 -0.105 121.301 -0.110
202303 0.759 127.348 0.759

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.


Deswell Industries  (NAS:DSWL) 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.


Deswell Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Deswell Industries (Deswell Industries) Business Description

Industry
Traded in Other Exchanges
Address
10B, Edificio Associacao Industrial De Macau, No. 32-36 Rua do Comandante Mata e Oliveira, Macao, MAC
Deswell Industries Inc is engaged in the manufacturing and selling of injection-molded plastic parts and components. In addition, it also offers manufacturing services for electronic products and subassemblies and manufactures metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. The company conducts all of its manufacturing activities at separate plastics, electronics and metallic operation factories located in the People's Republic of China. It operates through the Plastic Injection Molding and Electronic Products Assembling segments. The firm offers products such as automobile components, medical testing equipment, parts for audio equipment, av receivers, active subwoofers, digital system key sets, communication products and others.

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