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First Solar (XSWX:FSLR) Cyclically Adjusted FCF per Share : CHF0.00 (As of Mar. 2024)


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What is First Solar Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

First Solar's adjusted free cash flow per share for the three months ended in Mar. 2024 was CHF-1.222. 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 CHF0.00 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -35.50% 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 First Solar was 1.60% per year. The lowest was -35.50% per year. And the median was -11.60% per year.

As of today (2024-06-10), First Solar's current stock price is CHF62.96. First Solar's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CHF0.00. First Solar's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of First Solar was 835.50. The lowest was 25.05. And the median was 61.66.


First Solar Cyclically Adjusted FCF per Share Historical Data

The historical data trend for First Solar'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.

First Solar Cyclically Adjusted FCF per Share Chart

First Solar 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 -0.50 -0.61 - - -

First Solar 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 - - - - -

Competitive Comparison of First Solar's Cyclically Adjusted FCF per Share

For the Solar subindustry, First Solar'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.


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

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

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



First Solar 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, First Solar'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)
=-1.222/131.7762*131.7762
=-1.222

Current CPI (Mar. 2024) = 131.7762.

First Solar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.492 100.560 0.645
201409 -1.092 100.428 -1.433
201412 8.735 99.070 11.619
201503 -4.685 99.621 -6.197
201506 -0.451 100.684 -0.590
201509 -0.230 100.392 -0.302
201512 0.603 99.792 0.796
201603 0.309 100.470 0.405
201606 -1.327 101.688 -1.720
201609 -1.220 101.861 -1.578
201612 2.106 101.863 2.724
201703 3.646 102.862 4.671
201706 -2.520 103.349 -3.213
201709 4.407 104.136 5.577
201712 2.218 104.011 2.810
201803 -1.989 105.290 -2.489
201806 -0.621 106.317 -0.770
201809 -4.224 106.507 -5.226
201812 -2.950 105.998 -3.667
201903 -4.311 107.251 -5.297
201906 -1.548 108.070 -1.888
201909 -4.666 108.329 -5.676
201912 5.812 108.420 7.064
202003 -5.567 108.902 -6.736
202006 0.352 108.767 0.426
202009 0.870 109.815 1.044
202012 0.804 109.897 0.964
202103 -3.243 111.754 -3.824
202106 0.742 114.631 0.853
202109 1.225 115.734 1.395
202112 -1.394 117.630 -1.562
202203 -2.575 121.301 -2.797
202206 -1.013 125.017 -1.068
202209 -0.866 125.227 -0.911
202212 4.117 125.222 4.332
202303 -3.542 127.348 -3.665
202306 -4.013 128.729 -4.108
202309 -1.025 129.860 -1.040
202312 1.748 129.419 1.780
202403 -1.222 131.776 -1.222

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


First Solar  (XSWX:FSLR) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of First Solar was 835.50. The lowest was 25.05. And the median was 61.66.


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.


First Solar Cyclically Adjusted FCF per Share Related Terms

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


First Solar (XSWX:FSLR) Business Description

Industry
Address
350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

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