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ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is ChipMOS TECHNOLOGIES Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ChipMOS TECHNOLOGIES Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ChipMOS TECHNOLOGIES'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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ChipMOS TECHNOLOGIES Cyclically Adjusted Price-to-FCF Chart

ChipMOS TECHNOLOGIES Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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ChipMOS TECHNOLOGIES Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of ChipMOS TECHNOLOGIES's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, ChipMOS TECHNOLOGIES'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.


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

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

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



ChipMOS TECHNOLOGIES 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.

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

For example, ChipMOS TECHNOLOGIES'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)
=0/129.4194*129.4194
=0.000

Current CPI (Dec. 2023) = 129.4194.

ChipMOS TECHNOLOGIES Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 1.149 96.871 1.535
201303 0.834 98.209 1.099
201306 0.444 98.518 0.583
201309 0.233 98.790 0.305
201312 0.741 98.326 0.975
201403 0.125 99.695 0.162
201406 0.617 100.560 0.794
201409 0.553 100.428 0.713
201412 0.782 99.070 1.022
201503 0.285 99.621 0.370
201506 0.040 100.684 0.051
201509 0.015 100.392 0.019
201512 0.408 99.792 0.529
201603 0.231 100.470 0.298
201606 -0.380 101.688 -0.484
201609 -0.577 101.861 -0.733
201612 0.025 101.863 0.032
201703 0.772 102.862 0.971
201706 -0.134 103.349 -0.168
201709 -0.522 104.136 -0.649
201712 -0.355 104.011 -0.442
201803 -0.492 105.290 -0.605
201806 -0.193 106.317 -0.235
201809 0.168 106.507 0.204
201812 0.551 105.998 0.673
201903 0.211 107.251 0.255
201906 -0.180 108.070 -0.216
201909 0.094 108.329 0.112
201912 0.360 108.420 0.430
202003 -0.739 108.902 -0.878
202006 1.891 108.767 2.250
202012 0.000 109.897 0.000
202103 0.000 111.754 0.000
202106 0.000 114.631 0.000
202112 0.000 117.630 0.000
202203 0.000 121.301 0.000
202206 0.000 125.017 0.000
202212 0.000 125.222 0.000
202306 0.000 128.729 0.000
202312 0.000 129.419 0.000

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.


ChipMOS TECHNOLOGIES  (NAS:IMOS) 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.


ChipMOS TECHNOLOGIES Cyclically Adjusted Price-to-FCF Related Terms

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ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Business Description

Traded in Other Exchanges
Address
No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN
ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.