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Richardson Electronics (FRA:RE3) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2024)


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What is Richardson Electronics Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Richardson Electronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Richardson Electronics'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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Richardson Electronics Cyclically Adjusted Price-to-FCF Chart

Richardson Electronics Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
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Richardson Electronics Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Competitive Comparison of Richardson Electronics's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Richardson Electronics'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.


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

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

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



Richardson Electronics 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.

Richardson Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Richardson Electronics's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-0.187/130.9299*130.9299
=-0.187

Current CPI (Feb. 2024) = 130.9299.

Richardson Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.264 100.373 0.344
201408 -0.062 100.352 -0.081
201411 -0.179 99.635 -0.235
201502 -0.450 99.032 -0.595
201505 -0.211 100.333 -0.275
201508 -0.494 100.548 -0.643
201511 -0.226 100.135 -0.296
201602 -0.490 100.040 -0.641
201605 -0.055 101.355 -0.071
201608 -0.260 101.617 -0.335
201611 -0.108 101.829 -0.139
201702 -0.148 102.779 -0.189
201705 0.272 103.256 0.345
201708 -0.229 103.587 -0.289
201711 -0.101 104.072 -0.127
201802 0.032 105.052 0.040
201805 0.141 106.148 0.174
201808 -0.311 106.383 -0.383
201811 -0.016 106.338 -0.020
201902 -0.233 106.649 -0.286
201905 0.134 108.048 0.162
201908 -0.164 108.245 -0.198
201911 0.010 108.519 0.012
202002 -0.095 109.139 -0.114
202005 0.262 108.175 0.317
202008 -0.262 109.662 -0.313
202011 0.247 109.793 0.295
202102 0.140 110.968 0.165
202105 -0.234 113.576 -0.270
202108 -0.358 115.421 -0.406
202111 0.245 117.269 0.274
202202 -0.110 119.703 -0.120
202205 0.161 123.323 0.171
202208 -0.321 124.958 -0.336
202211 -0.351 125.607 -0.366
202302 -0.412 126.928 -0.425
202305 0.051 128.314 0.052
202308 -0.008 129.538 -0.008
202311 -0.046 129.548 -0.046
202402 -0.187 130.930 -0.187

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.


Richardson Electronics  (FRA:RE3) 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.


Richardson Electronics Cyclically Adjusted Price-to-FCF Related Terms

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Richardson Electronics (FRA:RE3) Business Description

Industry
Traded in Other Exchanges
Address
40W267 Keslinger Road, P.O. Box 393, LaFox, IL, USA, 60147-0393
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.

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