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Asmedia Technology (TPE:5269) Cyclically Adjusted Price-to-FCF : 105.12 (As of May. 16, 2024)


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

As of today (2024-05-16), Asmedia Technology's current share price is NT$1950.00. Asmedia Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$18.55. Asmedia Technology's Cyclically Adjusted Price-to-FCF for today is 105.12.

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

TPE:5269' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 42.54   Med: 121.1   Max: 252.26
Current: 106.2

During the past years, Asmedia Technology's highest Cyclically Adjusted Price-to-FCF was 252.26. The lowest was 42.54. And the median was 121.10.

TPE:5269's Cyclically Adjusted Price-to-FCF is ranked worse than
81.27% of 347 companies
in the Semiconductors industry
Industry Median: 38.32 vs TPE:5269: 106.20

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.

Asmedia Technology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$5.484. 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$18.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asmedia Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asmedia 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.

Asmedia Technology Cyclically Adjusted Price-to-FCF Chart

Asmedia 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 - 154.71 157.54 51.48 101.17

Asmedia Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 82.93 69.93 66.54 101.17 127.49

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

For the Semiconductors subindustry, Asmedia 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.


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

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

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



Asmedia 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1950.00/18.55
=105.12

* 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.

Asmedia Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Asmedia Technology's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.484/131.7762*131.7762
=5.484

Current CPI (Mar. 2024) = 131.7762.

Asmedia Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.265 100.560 2.968
201409 2.877 100.428 3.775
201412 1.035 99.070 1.377
201503 1.698 99.621 2.246
201506 0.309 100.684 0.404
201509 1.651 100.392 2.167
201512 1.846 99.792 2.438
201603 1.542 100.470 2.022
201606 -0.585 101.688 -0.758
201609 0.257 101.861 0.332
201612 0.333 101.863 0.431
201703 3.764 102.862 4.822
201706 0.446 103.349 0.569
201709 2.042 104.136 2.584
201712 4.290 104.011 5.435
201803 2.086 105.290 2.611
201806 4.606 106.317 5.709
201809 1.236 106.507 1.529
201812 5.768 105.998 7.171
201903 5.522 107.251 6.785
201906 6.513 108.070 7.942
201909 4.789 108.329 5.826
201912 3.990 108.420 4.850
202003 -3.112 108.902 -3.766
202006 8.660 108.767 10.492
202009 10.284 109.815 12.341
202012 14.666 109.897 17.586
202103 1.355 111.754 1.598
202106 3.713 114.631 4.268
202109 12.044 115.734 13.713
202112 0.293 117.630 0.328
202203 -2.389 121.301 -2.595
202206 -2.980 125.017 -3.141
202209 21.456 125.227 22.578
202212 -7.081 125.222 -7.452
202303 1.499 127.348 1.551
202306 10.777 128.729 11.032
202309 22.998 129.860 23.337
202312 8.049 129.419 8.196
202403 5.484 131.776 5.484

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.


Asmedia Technology  (TPE:5269) 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.


Asmedia Technology Cyclically Adjusted Price-to-FCF Related Terms

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


Asmedia Technology (TPE:5269) Business Description

Traded in Other Exchanges
N/A
Address
No.115, Minquan Road, 6th Floor, Xindian District, New Taipei, TWN, 231
Asmedia Technology Inc is a semiconductor memory company. It is engaged in the design, development, production, and manufacture of high-speed analogue circuit products. Some of its products include USB Controller, PCIe Bridge Controller, SATA Controller, High-Speed Signal Switch, and ASIC. Its geographical segments include the United States, Taiwan, China, Southeast Asia, North-east Asia, and Others, out of which the majority is from the United States. The majority of its revenue is derived from High-speed interface controller.

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