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Quarterhill (Quarterhill) Cyclically Adjusted Price-to-FCF : 8.71 (As of May. 15, 2024)


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What is Quarterhill Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Quarterhill's current share price is $1.22. Quarterhill's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.14. Quarterhill's Cyclically Adjusted Price-to-FCF for today is 8.71.

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

QTRHF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.32   Med: 11.94   Max: 279
Current: 8.89

During the past years, Quarterhill's highest Cyclically Adjusted Price-to-FCF was 279.00. The lowest was 6.32. And the median was 11.94.

QTRHF's Cyclically Adjusted Price-to-FCF is ranked better than
88.46% of 962 companies
in the Hardware industry
Industry Median: 29.65 vs QTRHF: 8.89

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.

Quarterhill's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.016. 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 Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quarterhill Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Quarterhill'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.

Quarterhill Cyclically Adjusted Price-to-FCF Chart

Quarterhill Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.02 12.48 16.95 8.37 10.38

Quarterhill Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 8.37 8.19 8.42 7.97 10.38

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

For the Communication Equipment subindustry, Quarterhill'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.


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

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

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



Quarterhill 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.22/0.14
=8.71

* 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.

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

For example, Quarterhill'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)
=-0.016/125.4675*125.4675
=-0.016

Current CPI (Dec. 2023) = 125.4675.

Quarterhill Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.128 98.604 0.163
201406 0.008 99.473 0.010
201409 -0.072 99.394 -0.091
201412 0.137 98.367 0.175
201503 0.011 99.789 0.014
201506 0.050 100.500 0.062
201509 -0.078 100.421 -0.097
201512 0.061 99.947 0.077
201603 0.096 101.054 0.119
201606 0.142 102.002 0.175
201609 0.027 101.765 0.033
201612 0.064 101.449 0.079
201703 0.070 102.634 0.086
201706 0.025 103.029 0.030
201709 0.078 103.345 0.095
201712 0.408 103.345 0.495
201803 -0.056 105.004 -0.067
201806 -0.021 105.557 -0.025
201809 -0.077 105.636 -0.091
201812 0.068 105.399 0.081
201903 -0.102 106.979 -0.120
201906 0.288 107.690 0.336
201909 -0.115 107.611 -0.134
201912 -0.017 107.769 -0.020
202003 0.053 107.927 0.062
202006 -0.045 108.401 -0.052
202009 0.027 108.164 0.031
202012 0.193 108.559 0.223
202103 -0.041 110.298 -0.047
202106 0.012 111.720 0.013
202109 -0.080 112.905 -0.089
202112 -0.029 113.774 -0.032
202203 -0.056 117.646 -0.060
202206 0.519 120.806 0.539
202209 -0.199 120.648 -0.207
202212 -0.032 120.964 -0.033
202303 -0.080 122.702 -0.082
202306 -0.108 124.203 -0.109
202309 -0.024 125.230 -0.024
202312 -0.016 125.468 -0.016

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.


Quarterhill  (OTCPK:QTRHF) 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.


Quarterhill Cyclically Adjusted Price-to-FCF Related Terms

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


Quarterhill (Quarterhill) Business Description

Industry
Traded in Other Exchanges
Address
25 King Street West, Suite 1101, Toronto, ON, CAN, M5L 2A1
Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world. The majority of the revenue comes from the United States.