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InterDigital (FRA:IDI) Cyclically Adjusted Price-to-FCF : 17.26 (As of May. 24, 2024)


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What is InterDigital Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), InterDigital's current share price is €101.00. InterDigital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.85. InterDigital's Cyclically Adjusted Price-to-FCF for today is 17.26.

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

FRA:IDI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.1   Med: 16.15   Max: 30.86
Current: 17.39

During the past years, InterDigital's highest Cyclically Adjusted Price-to-FCF was 30.86. The lowest was 8.10. And the median was 16.15.

FRA:IDI's Cyclically Adjusted Price-to-FCF is ranked better than
68.9% of 656 companies
in the Software industry
Industry Median: 29.52 vs FRA:IDI: 17.39

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.

InterDigital's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.342. 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 €5.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


InterDigital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for InterDigital'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.

InterDigital Cyclically Adjusted Price-to-FCF Chart

InterDigital 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 13.47 14.41 14.40 8.66 18.02

InterDigital 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 13.24 19.56 13.17 18.02 16.85

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

For the Software - Application subindustry, InterDigital'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.


InterDigital's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



InterDigital 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=101.00/5.85
=17.26

* 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.

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

For example, InterDigital'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)
=1.342/131.7762*131.7762
=1.342

Current CPI (Mar. 2024) = 131.7762.

InterDigital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.029 100.560 -0.038
201409 2.834 100.428 3.719
201412 0.932 99.070 1.240
201503 -0.681 99.621 -0.901
201506 0.417 100.684 0.546
201509 -0.189 100.392 -0.248
201512 2.277 99.792 3.007
201603 0.139 100.470 0.182
201606 4.645 101.688 6.019
201609 -0.498 101.861 -0.644
201612 5.942 101.863 7.687
201703 -0.875 102.862 -1.121
201706 0.251 103.349 0.320
201709 2.249 104.136 2.846
201712 4.941 104.011 6.260
201803 -0.206 105.290 -0.258
201806 -0.073 106.317 -0.090
201809 3.868 106.507 4.786
201812 -0.990 105.998 -1.231
201903 -1.108 107.251 -1.361
201906 -0.930 108.070 -1.134
201909 3.394 108.329 4.129
201912 0.250 108.420 0.304
202003 -1.017 108.902 -1.231
202006 1.716 108.767 2.079
202009 2.329 109.815 2.795
202012 0.276 109.897 0.331
202103 -0.534 111.754 -0.630
202106 -1.023 114.631 -1.176
202109 2.364 115.734 2.692
202112 1.787 117.630 2.002
202203 -0.818 121.301 -0.889
202206 -1.406 125.017 -1.482
202209 -0.937 125.227 -0.986
202212 10.843 125.222 11.411
202303 -1.155 127.348 -1.195
202306 -1.952 128.729 -1.998
202309 10.140 129.860 10.290
202312 -1.230 129.419 -1.252
202403 1.342 131.776 1.342

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.


InterDigital  (FRA:IDI) 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.


InterDigital Cyclically Adjusted Price-to-FCF Related Terms

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


InterDigital (FRA:IDI) Business Description

Industry
Traded in Other Exchanges
Address
200 Bellevue Parkway, Suite 300, Wilmington, DE, USA, 19809-3727
InterDigital Inc is a research and development company focused on wireless, visual, and related technologies. It designs and develops technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. The majority of revenue is generated from fixed-fee patent license agreements, with a smaller portion coming from variable royalty agreements. Geographically it operates in the United States, China, South Korea, Japan, Taiwan, and Europe, Out of which the majority is from the United States.

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