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Tower Semiconductor (FRA:TOW) Cyclically Adjusted Price-to-FCF : 28.38 (As of May. 24, 2024)


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What is Tower Semiconductor Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Tower Semiconductor's current share price is €34.34. Tower Semiconductor's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.21. Tower Semiconductor's Cyclically Adjusted Price-to-FCF for today is 28.38.

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

FRA:TOW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.87   Med: 27.59   Max: 2016
Current: 27.61

During the past years, Tower Semiconductor's highest Cyclically Adjusted Price-to-FCF was 2016.00. The lowest was 14.87. And the median was 27.59.

FRA:TOW's Cyclically Adjusted Price-to-FCF is ranked better than
63.22% of 329 companies
in the Semiconductors industry
Industry Median: 40.61 vs FRA:TOW: 27.61

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.

Tower Semiconductor's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.099. 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 €1.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tower Semiconductor Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tower Semiconductor'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.

Tower Semiconductor Cyclically Adjusted Price-to-FCF Chart

Tower Semiconductor 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 23.55 27.25 32.65 34.02 22.35

Tower Semiconductor 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 35.27 32.41 17.97 22.35 24.79

Competitive Comparison of Tower Semiconductor's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Tower Semiconductor'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.


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

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

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



Tower Semiconductor 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=34.34/1.21
=28.38

* 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.

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

For example, Tower Semiconductor'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)
=0.099/131.7762*131.7762
=0.099

Current CPI (Mar. 2024) = 131.7762.

Tower Semiconductor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.383 100.560 0.502
201409 0.223 100.428 0.293
201412 -0.807 99.070 -1.073
201503 -0.183 99.621 -0.242
201506 0.125 100.684 0.164
201509 0.105 100.392 0.138
201512 -0.053 99.792 -0.070
201603 0.181 100.470 0.237
201606 0.244 101.688 0.316
201609 0.276 101.861 0.357
201612 0.284 101.863 0.367
201703 0.372 102.862 0.477
201706 0.362 103.349 0.462
201709 0.491 104.136 0.621
201712 0.348 104.011 0.441
201803 0.280 105.290 0.350
201806 0.312 106.317 0.387
201809 0.240 106.507 0.297
201812 0.356 105.998 0.443
201903 0.274 107.251 0.337
201906 0.235 108.070 0.287
201909 0.251 108.329 0.305
201912 0.232 108.420 0.282
202003 0.045 108.902 0.054
202006 0.033 108.767 0.040
202009 0.014 109.815 0.017
202012 0.066 109.897 0.079
202103 0.292 111.754 0.344
202106 0.281 114.631 0.323
202109 0.687 115.734 0.782
202112 0.383 117.630 0.429
202203 0.458 121.301 0.498
202206 0.165 125.017 0.174
202209 0.704 125.227 0.741
202212 0.805 125.222 0.847
202303 -0.273 127.348 -0.282
202306 -0.116 128.729 -0.119
202309 2.537 129.860 2.574
202312 -0.187 129.419 -0.190
202403 0.099 131.776 0.099

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.


Tower Semiconductor  (FRA:TOW) 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.


Tower Semiconductor Cyclically Adjusted Price-to-FCF Related Terms

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


Tower Semiconductor (FRA:TOW) Business Description

Traded in Other Exchanges
Address
20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.

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