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SK Hynix (FRA:HY9H) Cyclically Adjusted Price-to-FCF : 250.00 (As of Jun. 02, 2024)


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What is SK Hynix Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), SK Hynix's current share price is €125.00. SK Hynix's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.50. SK Hynix's Cyclically Adjusted Price-to-FCF for today is 250.00.

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

FRA:HY9H' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.15   Med: 98.4   Max: 603.05
Current: 269.3

During the past years, SK Hynix's highest Cyclically Adjusted Price-to-FCF was 603.05. The lowest was 27.15. And the median was 98.40.

FRA:HY9H's Cyclically Adjusted Price-to-FCF is ranked worse than
95.09% of 346 companies
in the Semiconductors industry
Industry Median: 39.895 vs FRA:HY9H: 269.30

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.

SK Hynix's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.155. 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 €0.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SK Hynix Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SK Hynix'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.

SK Hynix Cyclically Adjusted Price-to-FCF Chart

SK Hynix 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 101.01 167.77 71.63 49.43 343.91

SK Hynix 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 127.21 241.25 488.83 343.91 248.14

Competitive Comparison of SK Hynix's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, SK Hynix'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.


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

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

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



SK Hynix 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=125.00/0.5
=250.00

* 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.

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

For example, SK Hynix'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)
=2.155/118.8477*118.8477
=2.155

Current CPI (Mar. 2024) = 118.8477.

SK Hynix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.258 99.353 0.309
201409 0.304 99.608 0.363
201412 0.269 99.098 0.323
201503 0.894 99.720 1.065
201506 -0.051 100.050 -0.061
201509 0.137 100.110 0.163
201512 1.171 100.220 1.389
201603 -1.216 100.560 -1.437
201606 -0.475 100.790 -0.560
201609 0.185 101.460 0.217
201612 0.533 101.560 0.624
201703 0.709 102.850 0.819
201706 0.428 102.610 0.496
201709 1.510 103.490 1.734
201712 2.595 102.990 2.995
201803 0.015 104.100 0.017
201806 -0.797 104.130 -0.910
201809 3.940 105.650 4.432
201812 2.717 104.350 3.094
201903 -2.135 104.490 -2.428
201906 -6.126 104.880 -6.942
201909 -0.623 105.200 -0.704
201912 -0.066 105.120 -0.075
202003 -0.635 105.540 -0.715
202006 1.067 104.870 1.209
202009 0.672 106.200 0.752
202012 0.439 105.765 0.493
202103 -1.247 107.357 -1.380
202106 1.537 107.579 1.698
202109 3.456 108.759 3.777
202112 3.018 109.676 3.270
202203 -0.318 111.806 -0.338
202206 -0.437 114.083 -0.455
202209 -1.156 114.831 -1.196
202212 -3.363 115.200 -3.469
202303 -5.533 116.550 -5.642
202306 -0.744 117.140 -0.755
202309 -0.597 119.111 -0.596
202312 2.171 118.848 2.171
202403 2.155 118.848 2.155

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.


SK Hynix  (FRA:HY9H) 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.


SK Hynix Cyclically Adjusted Price-to-FCF Related Terms

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


SK Hynix (FRA:HY9H) Business Description

Industry
Traded in Other Exchanges
Address
2091, Gyeongchung-daero, Bubai-eub, Icheon-si, Gyeonggi-do, KOR
SK Hynix is a semiconductor supplier with around 65%-70% of its revenue from DRAM and 25%-30% of its revenue from NAND flash. SK Hynix is the second-largest DRAM supplier globally with approximately 28% market share and the fifth-largest NAND supplier globally with approximately 19% market share. SK Telecom, the largest telecom carrier in South Korea, became the largest shareholder in 2012 and currently holds 20% of SK Hynix's shares.

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