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Identiv (Identiv) Cyclically Adjusted FCF per Share : $-0.73 (As of Mar. 2024)


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What is Identiv 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.

Identiv's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.066. 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 $-0.73 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.90% 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 Identiv was 22.90% per year. The lowest was -2.50% per year. And the median was 12.70% per year.

As of today (2024-05-19), Identiv's current stock price is $4.19. Identiv's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $-0.73. Identiv's Cyclically Adjusted Price-to-FCF of today is .


Identiv Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Identiv'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.

Identiv Cyclically Adjusted FCF per Share Chart

Identiv 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 -1.39 -1.14 -1.07 -0.84 -0.79

Identiv 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 -0.85 -0.79 -0.82 -0.79 -0.73

Competitive Comparison of Identiv's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, Identiv'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.


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

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

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



Identiv 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, Identiv'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)
=-0.066/131.7762*131.7762
=-0.066

Current CPI (Mar. 2024) = 131.7762.

Identiv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.359 100.560 -0.470
201409 -0.395 100.428 -0.518
201412 -0.245 99.070 -0.326
201503 -0.287 99.621 -0.380
201506 -0.566 100.684 -0.741
201509 -0.750 100.392 -0.984
201512 -0.552 99.792 -0.729
201603 -0.677 100.470 -0.888
201606 0.066 101.688 0.086
201609 -0.005 101.861 -0.006
201612 -0.013 101.863 -0.017
201703 -0.075 102.862 -0.096
201706 -0.167 103.349 -0.213
201709 -0.194 104.136 -0.245
201712 -0.200 104.011 -0.253
201803 0.026 105.290 0.033
201806 -0.205 106.317 -0.254
201809 -0.054 106.507 -0.067
201812 -0.179 105.998 -0.223
201903 0.085 107.251 0.104
201906 0.050 108.070 0.061
201909 -0.065 108.329 -0.079
201912 -0.060 108.420 -0.073
202003 -0.210 108.902 -0.254
202006 -0.058 108.767 -0.070
202009 -0.073 109.815 -0.088
202012 0.160 109.897 0.192
202103 -0.084 111.754 -0.099
202106 -0.104 114.631 -0.120
202109 0.089 115.734 0.101
202112 0.045 117.630 0.050
202203 -0.024 121.301 -0.026
202206 -0.088 125.017 -0.093
202209 -0.149 125.227 -0.157
202212 -0.250 125.222 -0.263
202303 -0.260 127.348 -0.269
202306 0.009 128.729 0.009
202309 -0.045 129.860 -0.046
202312 0.156 129.419 0.159
202403 -0.066 131.776 -0.066

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


Identiv  (NAS:INVE) 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.


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.


Identiv Cyclically Adjusted FCF per Share Related Terms

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


Identiv (Identiv) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Identiv Inc (NAS:INVE) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
2201 Walnut Avenue, Suite 100, Fremont, CA, USA, 94538
Identiv Inc is a security technology company. It secures and manages access to physical places, things, and information. The company has two reportable segments namely the Premises segment which includes solutions to address the premises security market for government and enterprise, including access control, video surveillance, analytics, customer experience, and other applications. Its Identity segment includes products and solutions enabling secure access to information serving the logical access and cyber security market and protecting assets and objects in the IoT with RFID. Geographically, it generates maximum revenue from the Americas and also has a presence in Europe and the Middle East and Asia-Pacific. The company derives the majority of revenue from the Identity segment.
Executives
Steven Humphreys director, officer: CEO 6623 DUMBARTON CIRCLE, FREMONT CA 94555
Richard Kuntz director MEDTRONIC, INC., 710 MEDTRONIC PWKY MS LC 310, MINNEAPOLIS MN 55432
Laura Angelini director C/O IDENTIV, INC.,, 2201 WALNUT AVE., SUITE 100, FREMONT CA 94538
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Justin Scarpulla officer: Chief Financial Officer 2051 PALOMAR AIRPORT ROAD, SUITE 100, CARLSBAD CA 92011
Gary Kremen director 1900-B CARNEGIE AVENUE, SANTA ANA CA 92705
James E Ousley director BELL MICRO, 1941 RINGWOOD AVE., SAN JOSE CA 95131
Edward Kirnbauer officer: See Remarks
Nina B. Shapiro director 2201 WALNUT AVENUE, SUITE 100, FREMONT CA 94538
Robin R. Braun director C/O IDENTIV, INC.,, FREMONT CA 94538
First Eagle Investment Management, Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Arnhold & S. Bleichroeder Holdings, Inc. 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
21 April Fund, Ltd. 10 percent owner Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205
Sandra Wallach officer: CFO C/O IDENTIV,INC.,2201 WALNUT AVENUE,, SUITE 310, FREMONT CA 94538
Steven T Finney officer: Interim CFO 2201 WALNUT AVENUE, SUITE 310, FREMONT CA 94538