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Semiconductor Manufacturing International (HKSE:00981) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


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What is Semiconductor Manufacturing International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Semiconductor Manufacturing International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Semiconductor Manufacturing International'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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Semiconductor Manufacturing International Cyclically Adjusted Price-to-FCF Chart

Semiconductor Manufacturing International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Semiconductor Manufacturing International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Semiconductor Manufacturing International's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.


Semiconductor Manufacturing International's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Semiconductor Manufacturing International 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.

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

For example, Semiconductor Manufacturing International'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)
=-1.412/115.2271*115.2271
=-1.412

Current CPI (Mar. 2024) = 115.2271.

Semiconductor Manufacturing International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.200 0.000
201409 -0.185 98.900 -0.216
201412 -0.088 99.000 -0.102
201503 -0.193 99.900 -0.223
201506 -0.181 99.500 -0.210
201509 -0.205 100.500 -0.235
201512 -0.486 100.600 -0.557
201603 -0.792 102.200 -0.893
201606 -1.178 101.400 -1.339
201609 -0.880 102.400 -0.990
201612 -0.183 102.600 -0.206
201703 -0.742 103.200 -0.828
201706 -0.655 103.100 -0.732
201709 -0.465 104.100 -0.515
201712 -0.143 104.500 -0.158
201803 -0.444 105.300 -0.486
201806 -0.623 104.900 -0.684
201809 -0.413 106.600 -0.446
201812 -0.096 106.500 -0.104
201903 -0.255 107.700 -0.273
201906 -0.988 107.700 -1.057
201909 -0.096 109.800 -0.101
201912 0.013 111.200 0.013
202003 -0.529 112.300 -0.543
202006 -0.755 110.400 -0.788
202009 -1.032 111.700 -1.065
202012 -1.475 111.500 -1.524
202103 -0.322 112.662 -0.329
202106 0.354 111.769 0.365
202109 -0.420 112.215 -0.431
202112 -0.915 113.108 -0.932
202203 0.566 114.335 0.570
202206 1.099 114.558 1.105
202209 -1.146 115.339 -1.145
202212 -1.410 115.116 -1.411
202303 -0.521 115.116 -0.522
202306 -0.922 114.558 -0.927
202309 -1.429 115.339 -1.428
202312 -1.327 114.781 -1.332
202403 -1.412 115.227 -1.412

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.


Semiconductor Manufacturing International  (HKSE:00981) 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.


Semiconductor Manufacturing International Cyclically Adjusted Price-to-FCF Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

Traded in Other Exchanges
Address
No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.
Executives
Zhong Guo Xin Xi Tong Xin Ke Ji Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Guo Jia Ji Cheng Dian Lu Chan Ye Tou Zi Ji Jin Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Xun Xin Shang Hai Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Xin Xiang Gang Tou Zi You Xian Gong Si 2101 Beneficial owner
Da Tang Kong Gu Xiang Gang Tou Zi You Xian Gong Si
Da Tang Dian Xin Ke Ji Chan Ye Kong Gu You Xian Gong Si
Dian Xin Ke Xue Ji Shu Yan Jiu You Xian Gong Si

Semiconductor Manufacturing International (HKSE:00981) Headlines

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