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AVID Electronics (ROCO:6103) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


AVID Electronics Cyclically Adjusted Price-to-FCF Historical Data

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

AVID Electronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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AVID Electronics 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 AVID Electronics's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, AVID 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.


AVID Electronics's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



AVID 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.

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

For example, AVID Electronics'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)
=0.658/131.7762*131.7762
=0.658

Current CPI (Mar. 2024) = 131.7762.

AVID Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.886 100.560 -1.161
201409 -0.666 100.428 -0.874
201412 -4.710 99.070 -6.265
201503 -7.967 99.621 -10.539
201506 -2.763 100.684 -3.616
201509 -4.208 100.392 -5.524
201512 -1.821 99.792 -2.405
201603 -8.882 100.470 -11.650
201606 -11.154 101.688 -14.454
201609 -6.575 101.861 -8.506
201612 -0.842 101.863 -1.089
201703 -4.413 102.862 -5.653
201706 -5.458 103.349 -6.959
201709 -4.430 104.136 -5.606
201712 1.893 104.011 2.398
201803 -3.056 105.290 -3.825
201806 0.100 106.317 0.124
201809 -9.119 106.507 -11.283
201812 -5.189 105.998 -6.451
201903 0.220 107.251 0.270
201906 -1.627 108.070 -1.984
201909 1.221 108.329 1.485
201912 18.890 108.420 22.959
202003 32.080 108.902 38.818
202006 -0.312 108.767 -0.378
202009 -0.793 109.815 -0.952
202012 -1.304 109.897 -1.564
202103 0.131 111.754 0.154
202106 0.004 114.631 0.005
202109 -0.231 115.734 -0.263
202112 -0.881 117.630 -0.987
202203 -0.966 121.301 -1.049
202206 -0.350 125.017 -0.369
202209 -1.188 125.227 -1.250
202212 8.210 125.222 8.640
202303 1.154 127.348 1.194
202306 -0.476 128.729 -0.487
202309 -0.153 129.860 -0.155
202312 0.751 129.419 0.765
202403 0.658 131.776 0.658

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.


AVID Electronics  (ROCO:6103) 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.


AVID Electronics Cyclically Adjusted Price-to-FCF Related Terms

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


AVID Electronics (ROCO:6103) Business Description

Traded in Other Exchanges
N/A
Address
8 Floor, No.11, Park Avenue II, Hsinchu Science Park, Hsinchu City, TWN, 300
AVID Electronics Corp designs and sells homemade Integrated Circuit solutions in Taiwan. The company provides integrated circuits for CD Discman, CD Boom box, Flash Memory Player Single Chip, audio power amplifier product line, wireless audio/speaker product line and LED lighting driver product line.

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