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Vishay Intertechnology (FRA:VHY) Cyclically Adjusted Price-to-FCF : 19.77 (As of Jun. 10, 2024)


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What is Vishay Intertechnology Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Vishay Intertechnology's current share price is €20.96. Vishay Intertechnology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.06. Vishay Intertechnology's Cyclically Adjusted Price-to-FCF for today is 19.77.

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

FRA:VHY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.65   Med: 15.63   Max: 25.97
Current: 19.64

During the past years, Vishay Intertechnology's highest Cyclically Adjusted Price-to-FCF was 25.97. The lowest was 8.65. And the median was 15.63.

FRA:VHY's Cyclically Adjusted Price-to-FCF is ranked better than
77.39% of 345 companies
in the Semiconductors industry
Industry Median: 40.29 vs FRA:VHY: 19.64

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.

Vishay Intertechnology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.180. 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 €1.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vishay Intertechnology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vishay Intertechnology'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.

Vishay Intertechnology Cyclically Adjusted Price-to-FCF Chart

Vishay Intertechnology 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 18.91 20.28 19.71 18.33 21.37

Vishay Intertechnology 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 18.04 23.43 19.46 21.37 19.68

Competitive Comparison of Vishay Intertechnology's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Vishay Intertechnology'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.


Vishay Intertechnology's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Vishay Intertechnology 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.96/1.06
=19.77

* 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.

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

For example, Vishay Intertechnology'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)
=0.18/131.7762*131.7762
=0.180

Current CPI (Mar. 2024) = 131.7762.

Vishay Intertechnology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.168 100.560 0.220
201409 0.303 100.428 0.398
201412 0.179 99.070 0.238
201503 -0.038 99.621 -0.050
201506 0.288 100.684 0.377
201509 0.145 100.392 0.190
201512 0.199 99.792 0.263
201603 0.006 100.470 0.008
201606 0.258 101.688 0.334
201609 0.519 101.861 0.671
201612 0.188 101.863 0.243
201703 0.163 102.862 0.209
201706 0.299 103.349 0.381
201709 0.438 104.136 0.554
201712 0.219 104.011 0.277
201803 0.095 105.290 0.119
201806 -0.310 106.317 -0.384
201809 0.118 106.507 0.146
201812 0.273 105.998 0.339
201903 0.263 107.251 0.323
201906 0.137 108.070 0.167
201909 0.289 108.329 0.352
201912 0.174 108.420 0.211
202003 0.063 108.902 0.076
202006 0.403 108.767 0.488
202009 0.248 109.815 0.298
202012 0.413 109.897 0.495
202103 0.166 111.754 0.196
202106 0.487 114.631 0.560
202109 0.457 115.734 0.520
202112 0.282 117.630 0.316
202203 -0.014 121.301 -0.015
202206 0.098 125.017 0.103
202209 0.936 125.227 0.985
202212 0.089 125.222 0.094
202303 0.558 127.348 0.577
202306 0.234 128.729 0.240
202309 0.371 129.860 0.376
202312 -0.916 129.419 -0.933
202403 0.180 131.776 0.180

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.


Vishay Intertechnology  (FRA:VHY) 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.


Vishay Intertechnology Cyclically Adjusted Price-to-FCF Related Terms

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Vishay Intertechnology (FRA:VHY) Business Description

Traded in Other Exchanges
Address
63 Lancaster Avenue, Malvern, PA, USA, 19355-2143
Vishay Intertechnology Inc provides a broad product portfolio of discrete semiconductors and passive electronic components to original equipment manufacturers and distributors. These products are found in industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical markets and serve customer worldwide. Its product segments consist of two general classes: semiconductors and passive components. The company's operating segment includes metal oxide semiconductor field-effect transistors, diodes, optoelectronic components, resistors, inductors, and capacitors. Revenue mainly comes from resistors, which are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current.

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