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Aspeed Technology (ROCO:5274) Cyclically Adjusted Price-to-FCF : 138.82 (As of May. 28, 2024)


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What is Aspeed Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Aspeed Technology's current share price is NT$3830.00. Aspeed Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$27.59. Aspeed Technology's Cyclically Adjusted Price-to-FCF for today is 138.82.

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

ROCO:5274' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 65.31   Med: 111.64   Max: 186.05
Current: 133.91

During the past years, Aspeed Technology's highest Cyclically Adjusted Price-to-FCF was 186.05. The lowest was 65.31. And the median was 111.64.

ROCO:5274's Cyclically Adjusted Price-to-FCF is ranked worse than
85.76% of 337 companies
in the Semiconductors industry
Industry Median: 39.98 vs ROCO:5274: 133.91

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.

Aspeed Technology's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$11.802. 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 NT$27.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aspeed Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aspeed Technology'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.

Aspeed Technology Cyclically Adjusted Price-to-FCF Chart

Aspeed Technology 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 - 106.51 176.67 67.80 119.90

Aspeed Technology 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 101.04 109.88 107.79 119.90 120.32

Competitive Comparison of Aspeed Technology's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Aspeed Technology'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.


Aspeed Technology's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Aspeed Technology 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3830.00/27.59
=138.82

* 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.

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

For example, Aspeed Technology'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)
=11.802/131.7762*131.7762
=11.802

Current CPI (Mar. 2024) = 131.7762.

Aspeed Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.191 100.560 1.561
201409 2.444 100.428 3.207
201412 2.388 99.070 3.176
201503 4.004 99.621 5.296
201506 0.424 100.684 0.555
201509 1.527 100.392 2.004
201512 3.492 99.792 4.611
201603 3.526 100.470 4.625
201606 2.383 101.688 3.088
201609 2.635 101.861 3.409
201612 3.583 101.863 4.635
201703 6.335 102.862 8.116
201706 2.398 103.349 3.058
201709 4.791 104.136 6.063
201712 6.605 104.011 8.368
201803 3.501 105.290 4.382
201806 2.616 106.317 3.242
201809 3.307 106.507 4.092
201812 8.099 105.998 10.069
201903 7.194 107.251 8.839
201906 5.165 108.070 6.298
201909 3.766 108.329 4.581
201912 7.312 108.420 8.887
202003 10.115 108.902 12.240
202006 3.744 108.767 4.536
202009 8.018 109.815 9.621
202012 5.613 109.897 6.730
202103 9.268 111.754 10.928
202106 9.978 114.631 11.470
202109 11.465 115.734 13.054
202112 10.779 117.630 12.075
202203 13.613 121.301 14.789
202206 12.796 125.017 13.488
202209 17.509 125.227 18.425
202212 13.869 125.222 14.595
202303 10.002 127.348 10.350
202306 -2.908 128.729 -2.977
202309 -4.153 129.860 -4.214
202312 6.733 129.419 6.856
202403 11.802 131.776 11.802

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.


Aspeed Technology  (ROCO:5274) 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.


Aspeed Technology Cyclically Adjusted Price-to-FCF Related Terms

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


Aspeed Technology (ROCO:5274) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, Section 3, 4th Floor, No. 1, East District, Hsinchu, TWN
Aspeed Technology Inc. is an IC-design house in Server Management, PC/ AV extensions solution, Desktop Virtualization and security enhancement. The company is engaged in manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum revenue from Multimedia Integrated Circuits (ICs) segment.

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