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Cohu (COHU) Cyclically Adjusted Price-to-FCF : 24.22 (As of May. 19, 2024)


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What is Cohu Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), Cohu's current share price is $29.55. Cohu's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.22. Cohu's Cyclically Adjusted Price-to-FCF for today is 24.22.

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

COHU' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.22   Med: 29.37   Max: 84.47
Current: 24.28

During the past years, Cohu's highest Cyclically Adjusted Price-to-FCF was 84.47. The lowest was 16.22. And the median was 29.37.

COHU's Cyclically Adjusted Price-to-FCF is ranked better than
67.15% of 347 companies
in the Semiconductors industry
Industry Median: 37.92 vs COHU: 24.28

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.

Cohu's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.367. 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 $1.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cohu Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cohu'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.

Cohu Cyclically Adjusted Price-to-FCF Chart

Cohu 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 38.35 63.14 49.49 33.08 29.96

Cohu 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 36.76 36.99 28.94 29.96 27.39

Competitive Comparison of Cohu's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Cohu'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.


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

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

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



Cohu 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=29.55/1.22
=24.22

* 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.

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

For example, Cohu'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)
=-0.367/131.7762*131.7762
=-0.367

Current CPI (Mar. 2024) = 131.7762.

Cohu Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.296 100.560 0.388
201409 0.222 100.428 0.291
201412 0.536 99.070 0.713
201503 0.123 99.621 0.163
201506 -0.060 100.684 -0.079
201509 0.721 100.392 0.946
201512 -0.221 99.792 -0.292
201603 -0.089 100.470 -0.117
201606 0.239 101.688 0.310
201609 0.422 101.861 0.546
201612 0.192 101.863 0.248
201703 -0.306 102.862 -0.392
201706 0.119 103.349 0.152
201709 0.827 104.136 1.047
201712 0.497 104.011 0.630
201803 -0.351 105.290 -0.439
201806 0.486 106.317 0.602
201809 0.762 106.507 0.943
201812 0.067 105.998 0.083
201903 0.029 107.251 0.036
201906 -0.349 108.070 -0.426
201909 0.079 108.329 0.096
201912 0.222 108.420 0.270
202003 0.391 108.902 0.473
202006 -0.261 108.767 -0.316
202009 0.218 109.815 0.262
202012 0.394 109.897 0.472
202103 0.077 111.754 0.091
202106 0.539 114.631 0.620
202109 0.627 115.734 0.714
202112 0.500 117.630 0.560
202203 -0.014 121.301 -0.015
202206 0.833 125.017 0.878
202209 0.711 125.227 0.748
202212 0.488 125.222 0.514
202303 0.237 127.348 0.245
202306 1.043 128.729 1.068
202309 0.522 129.860 0.530
202312 -0.025 129.419 -0.025
202403 -0.367 131.776 -0.367

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.


Cohu  (NAS:COHU) 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.


Cohu Cyclically Adjusted Price-to-FCF Related Terms

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


Cohu (COHU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cohu Inc (NAS:COHU) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
12367 Crothwaite Circle, Poway, CA, USA, 92064-6817
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has two reportable segments, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection) and PCB Test Equipment (PCB Test). The majority of the firm's revenue is derived from the Semiconductor Test and Inspection Equipment segment.
Executives
Thomas D Kampfer officer: VP Corp Dev, GC & Sec C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92128
Ian P Lawee officer: VP & GM Semiconductor Test Grp 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Jeffrey D Jones officer: VP Finance & CFO 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Nina Richardson director C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
William Bendush director MICROSEMI CORPORATION, ONE ENTERPRISE, ALISO VIEJO CA 92656
Steven J Bilodeau director C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andreas W Mattes director C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Christopher Bohrson officer: VP & General Manager, Delta 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andrew M Caggia director 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Luis A Muller officer: President, Delta Design, Inc. 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Yon Jorden director 750 WEST JOHN CARPENTER FREEWAY, SUITE 1200, IRVING TX 75039
James A Donahue officer: President & CEO
Pascal Ronde officer: Sr. VP, Global Customer Team LES CONQUERANTS - BATIMENT 1, AVENUE DE L'ATLANTIQUE, LES ULIS I0 91940
Robert L Ciardella director
Lynne J Camp director 714 NW 914TH TERRACE, PORTLAND OR 97229

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