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Nanya Technology (TPE:2408) Cyclically Adjusted Price-to-FCF : 17.06 (As of Apr. 27, 2024)


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What is Nanya Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Nanya Technology's current share price is NT$65.70. Nanya Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was NT$3.85. Nanya Technology's Cyclically Adjusted Price-to-FCF for today is 17.06.

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

TPE:2408' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.5   Med: 16.16   Max: 331.25
Current: 16.1

During the past years, Nanya Technology's highest Cyclically Adjusted Price-to-FCF was 331.25. The lowest was 10.50. And the median was 16.16.

TPE:2408's Cyclically Adjusted Price-to-FCF is ranked better than
80.65% of 341 companies
in the Semiconductors industry
Industry Median: 35.23 vs TPE:2408: 16.10

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.

Nanya Technology's adjusted free cash flow per share data for the three months ended in Dec. 2023 was NT$-0.537. 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 NT$3.85 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanya Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nanya Technology'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.

Nanya Technology Cyclically Adjusted Price-to-FCF Chart

Nanya Technology 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 - - 25.85 10.82 20.25

Nanya Technology 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 10.82 14.09 15.95 15.70 20.25

Competitive Comparison of Nanya Technology's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Nanya Technology'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.


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

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

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



Nanya Technology 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=65.70/3.85
=17.06

* 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.

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

For example, Nanya Technology'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)
=-0.537/129.4194*129.4194
=-0.537

Current CPI (Dec. 2023) = 129.4194.

Nanya Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.752 99.695 3.573
201406 2.192 100.560 2.821
201409 1.018 100.428 1.312
201412 2.515 99.070 3.285
201503 1.753 99.621 2.277
201506 1.476 100.684 1.897
201509 1.353 100.392 1.744
201512 1.390 99.792 1.803
201603 1.315 100.470 1.694
201606 0.576 101.688 0.733
201609 -0.525 101.861 -0.667
201612 -3.686 101.863 -4.683
201703 -0.215 102.862 -0.271
201706 -3.244 103.349 -4.062
201709 -1.043 104.136 -1.296
201712 1.934 104.011 2.406
201803 1.915 105.290 2.354
201806 2.832 106.317 3.447
201809 3.181 106.507 3.865
201812 0.845 105.998 1.032
201903 1.354 107.251 1.634
201906 -0.103 108.070 -0.123
201909 1.236 108.329 1.477
201912 1.319 108.420 1.574
202003 1.035 108.902 1.230
202006 1.320 108.767 1.571
202009 0.529 109.815 0.623
202012 1.421 109.897 1.673
202103 2.218 111.754 2.569
202106 3.022 114.631 3.412
202109 2.328 115.734 2.603
202112 2.957 117.630 3.253
202203 3.241 121.301 3.458
202206 0.268 125.017 0.277
202209 -1.538 125.227 -1.589
202212 -1.926 125.222 -1.991
202303 -2.608 127.348 -2.650
202306 -2.137 128.729 -2.148
202309 -1.073 129.860 -1.069
202312 -0.537 129.419 -0.537

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.


Nanya Technology  (TPE:2408) 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.


Nanya Technology Cyclically Adjusted Price-to-FCF Related Terms

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


Nanya Technology (TPE:2408) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 98, Nanlin Road, Dake Village, Taishan District, New Taipei City, TWN, 243-08
Nanya Technology Corp is a manufacturer that specializes in DRAM(Dynamic Random Access Memory) chips. The products offered by the company include Standard DRAM, Low Power DRAM, MCP, and Module among others.

Nanya Technology (TPE:2408) Headlines

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