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Qualcomm (UKEX:QCOM) Cyclically Adjusted FCF per Share : ₴188.09 (As of Mar. 2024)


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What is Qualcomm Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Qualcomm's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₴119.574. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₴188.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Qualcomm's average Cyclically Adjusted FCF Growth Rate was 12.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Qualcomm was 111.50% per year. The lowest was 4.00% per year. And the median was 13.35% per year.

As of today (2024-06-07), Qualcomm's current stock price is ₴5316.00. Qualcomm's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴188.09. Qualcomm's Cyclically Adjusted Price-to-FCF of today is 28.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Qualcomm was 40.94. The lowest was 14.77. And the median was 23.38.


Qualcomm Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Qualcomm's Cyclically Adjusted FCF per Share 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.

Qualcomm Cyclically Adjusted FCF per Share Chart

Qualcomm Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 242.79 270.92

Qualcomm Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 221.26 242.94 270.92 208.77 188.09

Competitive Comparison of Qualcomm's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Qualcomm'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.


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

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

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



Qualcomm Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Qualcomm'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)
=119.574/131.7762*131.7762
=119.574

Current CPI (Mar. 2024) = 131.7762.

Qualcomm Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 58.832 100.560 77.095
201409 32.721 100.428 42.935
201412 50.202 99.070 66.776
201503 -20.540 99.621 -27.170
201506 43.073 100.684 56.374
201509 38.361 100.392 50.354
201512 69.009 99.792 91.127
201603 16.380 100.470 21.484
201606 45.977 101.688 59.581
201609 58.207 101.861 75.302
201612 39.076 101.863 50.551
201703 18.795 102.862 24.078
201706 -0.161 103.349 -0.205
201709 58.295 104.136 73.768
201712 41.696 104.011 52.826
201803 8.883 105.290 11.118
201806 49.586 106.317 61.460
201809 -16.491 106.507 -20.404
201812 6.688 105.998 8.314
201903 20.558 107.251 25.259
201906 151.813 108.070 185.116
201909 30.204 108.329 36.741
201912 28.436 108.420 34.562
202003 25.708 108.902 31.108
202006 51.183 108.767 62.010
202009 48.736 109.815 58.482
202012 93.855 109.897 112.541
202103 84.579 111.754 99.732
202106 100.394 114.631 115.409
202109 22.696 115.734 25.842
202112 51.751 117.630 57.975
202203 77.622 121.301 84.325
202206 82.770 125.017 87.245
202209 28.786 125.227 30.292
202212 95.610 125.222 100.614
202303 35.846 127.348 37.093
202306 83.864 128.729 85.849
202309 135.204 129.860 137.200
202312 97.302 129.419 99.074
202403 119.574 131.776 119.574

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Qualcomm  (UKEX:QCOM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Qualcomm's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5316.00/188.09
=28.26

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Qualcomm was 40.94. The lowest was 14.77. And the median was 23.38.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Qualcomm Cyclically Adjusted FCF per Share Related Terms

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


Qualcomm (UKEX:QCOM) Business Description

Industry
Address
5775 Morehouse Drive, San Diego, CA, USA, 92121-1714
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.