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ASML Holding NV (BKK:ASML01) Cyclically Adjusted FCF per Share : ฿0.30 (As of Mar. 2024)


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What is ASML Holding NV 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.

ASML Holding NV's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿-67.066. 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 ฿0.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ASML Holding NV's average Cyclically Adjusted FCF Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 30.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 27.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 20.00% 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 ASML Holding NV was 32.80% per year. The lowest was -7.80% per year. And the median was 14.90% per year.

As of today (2024-05-24), ASML Holding NV's current stock price is ฿29.50. ASML Holding NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.30. ASML Holding NV's Cyclically Adjusted Price-to-FCF of today is 98.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ASML Holding NV was 172.35. The lowest was 34.64. And the median was 65.08.


ASML Holding NV Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ASML Holding NV'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.

ASML Holding NV Cyclically Adjusted FCF per Share Chart

ASML Holding NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.29

ASML Holding NV 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 - - - 0.29 0.30

Competitive Comparison of ASML Holding NV's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV'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.


ASML Holding NV's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



ASML Holding NV 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, ASML Holding NV'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)
=-67.066/128.5800*128.5800
=-67.066

Current CPI (Mar. 2024) = 128.5800.

ASML Holding NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 12.466 99.240 16.152
201409 12.287 99.960 15.805
201412 26.202 99.050 34.014
201503 20.318 99.750 26.190
201506 17.849 100.230 22.898
201509 31.161 100.500 39.867
201512 78.929 99.730 101.762
201603 -5.903 100.310 -7.567
201606 35.389 100.260 45.385
201609 -6.551 100.570 -8.376
201612 96.417 100.710 123.099
201703 -18.309 101.440 -23.208
201706 41.423 101.370 52.542
201709 27.630 102.030 34.820
201712 80.887 101.970 101.995
201803 4.475 102.470 5.615
201806 54.948 103.100 68.528
201809 31.454 103.950 38.907
201812 126.661 103.970 156.642
201903 -60.642 105.370 -74.000
201906 -3.374 105.840 -4.099
201909 -10.183 106.700 -12.271
201912 260.781 106.800 313.963
202003 -96.242 106.850 -115.815
202006 11.726 107.510 14.024
202009 -2.689 107.880 -3.205
202012 381.800 107.850 455.186
202103 -100.424 108.870 -118.605
202106 305.407 109.670 358.067
202109 152.172 110.790 176.607
202112 573.625 114.010 646.932
202203 -76.389 119.460 -82.221
202206 214.453 119.050 231.620
202209 74.509 126.890 75.501
202212 458.585 124.940 471.945
202303 18.151 124.720 18.713
202306 -15.331 125.830 -15.666
202309 60.117 127.160 60.788
202312 250.965 126.450 255.192
202403 -67.066 128.580 -67.066

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


ASML Holding NV  (BKK:ASML01) 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.

ASML Holding NV's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.50/0.3
=98.33

* 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 ASML Holding NV was 172.35. The lowest was 34.64. And the median was 65.08.


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.


ASML Holding NV Cyclically Adjusted FCF per Share Related Terms

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


ASML Holding NV (BKK:ASML01) Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.

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