GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MPI Corp (ROCO:6223) » Definitions » Cyclically Adjusted Price-to-FCF

MPI (ROCO:6223) Cyclically Adjusted Price-to-FCF : 646.05 (As of Jun. 06, 2024)


View and export this data going back to 2003. Start your Free Trial

What is MPI Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), MPI's current share price is NT$491.00. MPI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.76. MPI's Cyclically Adjusted Price-to-FCF for today is 646.05.

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

ROCO:6223' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 331.62   Med: 702.68   Max: 3650
Current: 635.87

During the past years, MPI's highest Cyclically Adjusted Price-to-FCF was 3650.00. The lowest was 331.62. And the median was 702.68.

ROCO:6223's Cyclically Adjusted Price-to-FCF is ranked worse than
98.26% of 345 companies
in the Semiconductors industry
Industry Median: 39.92 vs ROCO:6223: 635.87

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.

MPI's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.198. 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$0.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MPI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MPI'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.

MPI Cyclically Adjusted Price-to-FCF Chart

MPI 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 - - - 2,979.89 321.53

MPI 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 2,508.29 620.94 - 321.53 412.26

Competitive Comparison of MPI's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, MPI'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.


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

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

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



MPI 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=491.00/0.76
=646.05

* 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.

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

For example, MPI'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)
=0.198/131.7762*131.7762
=0.198

Current CPI (Mar. 2024) = 131.7762.

MPI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.479 100.560 -3.249
201409 0.744 100.428 0.976
201412 -0.448 99.070 -0.596
201503 -4.001 99.621 -5.292
201506 -3.337 100.684 -4.368
201509 -8.098 100.392 -10.630
201512 0.568 99.792 0.750
201603 0.182 100.470 0.239
201606 0.310 101.688 0.402
201609 1.665 101.861 2.154
201612 4.870 101.863 6.300
201703 -1.808 102.862 -2.316
201706 -1.692 103.349 -2.157
201709 -4.991 104.136 -6.316
201712 -4.199 104.011 -5.320
201803 0.512 105.290 0.641
201806 -1.494 106.317 -1.852
201809 -0.077 106.507 -0.095
201812 5.848 105.998 7.270
201903 -1.385 107.251 -1.702
201906 1.266 108.070 1.544
201909 -0.046 108.329 -0.056
201912 3.520 108.420 4.278
202003 -0.571 108.902 -0.691
202006 1.940 108.767 2.350
202009 0.543 109.815 0.652
202012 3.471 109.897 4.162
202103 0.548 111.754 0.646
202106 -2.281 114.631 -2.622
202109 -2.852 115.734 -3.247
202112 3.057 117.630 3.425
202203 1.701 121.301 1.848
202206 3.268 125.017 3.445
202209 2.191 125.227 2.306
202212 7.084 125.222 7.455
202303 0.105 127.348 0.109
202306 1.095 128.729 1.121
202309 -9.796 129.860 -9.941
202312 15.478 129.419 15.760
202403 0.198 131.776 0.198

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.


MPI  (ROCO:6223) 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.


MPI Cyclically Adjusted Price-to-FCF Related Terms

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


MPI (ROCO:6223) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.155, Zhonghe Street, Hsinchu County, Zhubei, TWN
MPI Corp is engaged in the business of manufacturing, processing, maintenance, import and export, and trading of the semiconductor production process and testing equipment. Its Geographic areas are Taiwan, China, the USA, Singapore, Korea, and Other Countries. The majority of the revenue comes from Taiwan.

MPI (ROCO:6223) Headlines

No Headlines