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Identiv (FRA:INVN) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Identiv Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Identiv Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Identiv'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.

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Identiv Cyclically Adjusted Price-to-FCF Chart

Identiv Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Identiv Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Identiv's Cyclically Adjusted Price-to-FCF

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 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.

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

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)
=-0.06/131.7762*131.7762
=-0.060

Current CPI (Mar. 2024) = 131.7762.

Identiv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.265 100.560 -0.347
201409 -0.306 100.428 -0.402
201412 -0.198 99.070 -0.263
201503 -0.265 99.621 -0.351
201506 -0.504 100.684 -0.660
201509 -0.668 100.392 -0.877
201512 -0.507 99.792 -0.669
201603 -0.608 100.470 -0.797
201606 0.058 101.688 0.075
201609 -0.005 101.861 -0.006
201612 -0.013 101.863 -0.017
201703 -0.070 102.862 -0.090
201706 -0.149 103.349 -0.190
201709 -0.163 104.136 -0.206
201712 -0.169 104.011 -0.214
201803 0.021 105.290 0.026
201806 -0.175 106.317 -0.217
201809 -0.046 106.507 -0.057
201812 -0.158 105.998 -0.196
201903 0.075 107.251 0.092
201906 0.045 108.070 0.055
201909 -0.059 108.329 -0.072
201912 -0.054 108.420 -0.066
202003 -0.190 108.902 -0.230
202006 -0.051 108.767 -0.062
202009 -0.062 109.815 -0.074
202012 0.131 109.897 0.157
202103 -0.070 111.754 -0.083
202106 -0.086 114.631 -0.099
202109 0.076 115.734 0.087
202112 0.040 117.630 0.045
202203 -0.022 121.301 -0.024
202206 -0.083 125.017 -0.087
202209 -0.151 125.227 -0.159
202212 -0.236 125.222 -0.248
202303 -0.243 127.348 -0.251
202306 0.008 128.729 0.008
202309 -0.042 129.860 -0.043
202312 0.143 129.419 0.146
202403 -0.060 131.776 -0.060

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.


Identiv  (FRA:INVN) 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.


Identiv Cyclically Adjusted Price-to-FCF Related Terms

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


Identiv (FRA:INVN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Identiv Inc (FRA:INVN) » Definitions » Cyclically Adjusted Price-to-FCF
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.

Identiv (FRA:INVN) Headlines

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