GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MKS Instruments Inc (NAS:MKSI) » Definitions » Cyclically Adjusted Price-to-FCF

MKS Instruments (MKS Instruments) Cyclically Adjusted Price-to-FCF : 21.89 (As of May. 28, 2024)


View and export this data going back to 1999. Start your Free Trial

What is MKS Instruments Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), MKS Instruments's current share price is $130.27. MKS Instruments's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.95. MKS Instruments's Cyclically Adjusted Price-to-FCF for today is 21.89.

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

MKSI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.87   Med: 24.1   Max: 50.55
Current: 22.02

During the past years, MKS Instruments's highest Cyclically Adjusted Price-to-FCF was 50.55. The lowest was 11.87. And the median was 24.10.

MKSI's Cyclically Adjusted Price-to-FCF is ranked better than
62.27% of 933 companies
in the Hardware industry
Industry Median: 31.01 vs MKSI: 22.02

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.

MKS Instruments's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.727. 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 $5.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MKS Instruments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MKS Instruments'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.

MKS Instruments Cyclically Adjusted Price-to-FCF Chart

MKS Instruments 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 32.63 39.08 36.24 15.64 17.77

MKS Instruments 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 15.99 19.70 15.28 17.77 22.35

Competitive Comparison of MKS Instruments's Cyclically Adjusted Price-to-FCF

For the Scientific & Technical Instruments subindustry, MKS Instruments'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.


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

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

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



MKS Instruments 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=130.27/5.95
=21.89

* 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.

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

For example, MKS Instruments'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)
=0.727/131.7762*131.7762
=0.727

Current CPI (Mar. 2024) = 131.7762.

MKS Instruments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.257 100.560 0.337
201409 0.709 100.428 0.930
201412 0.569 99.070 0.757
201503 0.319 99.621 0.422
201506 0.667 100.684 0.873
201509 0.632 100.392 0.830
201512 0.731 99.792 0.965
201603 0.393 100.470 0.515
201606 0.436 101.688 0.565
201609 1.306 101.861 1.690
201612 0.836 101.863 1.082
201703 1.127 102.862 1.444
201706 1.887 103.349 2.406
201709 1.649 104.136 2.087
201712 1.219 104.011 1.544
201803 1.146 105.290 1.434
201806 1.758 106.317 2.179
201809 1.472 106.507 1.821
201812 2.009 105.998 2.498
201903 0.266 107.251 0.327
201906 1.158 108.070 1.412
201909 0.801 108.329 0.974
201912 1.049 108.420 1.275
202003 1.176 108.902 1.423
202006 2.136 108.767 2.588
202009 2.222 109.815 2.666
202012 2.204 109.897 2.643
202103 1.799 111.754 2.121
202106 2.675 114.631 3.075
202109 2.388 115.734 2.719
202112 3.070 117.630 3.439
202203 0.394 121.301 0.428
202206 0.735 125.017 0.775
202209 2.831 125.227 2.979
202212 1.931 125.222 2.032
202303 0.300 127.348 0.310
202306 -1.153 128.729 -1.180
202309 2.116 129.860 2.147
202312 2.201 129.419 2.241
202403 0.727 131.776 0.727

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.


MKS Instruments  (NAS:MKSI) 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.


MKS Instruments Cyclically Adjusted Price-to-FCF Related Terms

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


MKS Instruments (MKS Instruments) Business Description

Industry
Traded in Other Exchanges
Address
2 Tech Drive, Suite 201, Andover, MA, USA, 01810
MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: Vacuum Solutions, Photonics Solutions, and Materials Solutions. The Vacuum Solutions segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.
Executives
Gerard G Colella officer: VP Global Business Operations 6 SHATTUCK RD, ANDOVER MA 01810
Elizabeth Mora director C/O MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Jacqueline F Moloney director 222 MERRIMACK STREET, LOWELL MA 01852
David Philip Henry officer: SVP, Corp Mkt, PMO & Glob Svc MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Seth H Bagshaw officer: Vice President, CFO
Kathleen Flaherty Burke officer: Sr. VP, GC & Secretary MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Cap Iv, L.l.c. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Cap Iv General Partner, L.p. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Carlyle Asia Partners Iv, L.p. 10 percent owner 1001 PENNSYLVANIA AVENUE, NW, SUITE 220, WASHINGTON DC 20004
Carlyle Partners Vi Cayman Holdings, L.p. 10 percent owner C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Carlyle Group Inc. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Geoffrey Wild director 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Tc Group Vi Cayman, L.p. 10 percent owner C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Cg Subsidiary Holdings L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Tc Group Vi Cayman, L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004