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Cirrus Logic (Cirrus Logic) Cyclically Adjusted FCF per Share : $4.07 (As of Mar. 2024)


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What is Cirrus Logic Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Cirrus Logic's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.451. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $4.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cirrus Logic's average Cyclically Adjusted FCF Growth Rate was -0.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Cirrus Logic was 70.00% per year. The lowest was -26.00% per year. And the median was 18.50% per year.

As of today (2024-06-08), Cirrus Logic's current stock price is $117.52. Cirrus Logic's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.07. Cirrus Logic's Cyclically Adjusted Price-to-FCF of today is 28.87.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cirrus Logic was 51.03. The lowest was 14.45. And the median was 26.09.


Cirrus Logic Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cirrus Logic's Cyclically Adjusted FCF per Share 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.

Cirrus Logic Cyclically Adjusted FCF per Share Chart

Cirrus Logic Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.71 3.22 3.58 4.09 4.07

Cirrus Logic Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 4.09 3.98 3.86 4.26 4.07

Competitive Comparison of Cirrus Logic's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, Cirrus Logic'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.


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

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

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



Cirrus Logic Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Cirrus Logic'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)
=-1.451/131.7762*131.7762
=-1.451

Current CPI (Mar. 2024) = 131.7762.

Cirrus Logic Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.145 100.560 0.190
201409 -0.350 100.428 -0.459
201412 0.795 99.070 1.057
201503 1.341 99.621 1.774
201506 0.463 100.684 0.606
201509 -0.839 100.392 -1.101
201512 1.574 99.792 2.078
201603 0.372 100.470 0.488
201606 0.034 101.688 0.044
201609 0.162 101.861 0.210
201612 2.946 101.863 3.811
201703 1.622 102.862 2.078
201706 -0.526 103.349 -0.671
201709 1.031 104.136 1.305
201712 1.800 104.011 2.280
201803 1.284 105.290 1.607
201806 -0.128 106.317 -0.159
201809 1.053 106.507 1.303
201812 1.862 105.998 2.315
201903 -0.001 107.251 -0.001
201906 0.811 108.070 0.989
201909 0.912 108.329 1.109
201912 2.060 108.420 2.504
202003 0.756 108.902 0.915
202006 -0.027 108.767 -0.033
202009 0.592 109.815 0.710
202012 2.158 109.897 2.588
202103 2.754 111.754 3.247
202106 -0.650 114.631 -0.747
202109 0.391 115.734 0.445
202112 -2.365 117.630 -2.649
202203 4.261 121.301 4.629
202206 1.162 125.017 1.225
202209 0.448 125.227 0.471
202212 3.063 125.222 3.223
202303 0.642 127.348 0.664
202306 -0.920 128.729 -0.942
202309 -0.555 129.860 -0.563
202312 5.466 129.419 5.566
202403 -1.451 131.776 -1.451

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Cirrus Logic  (NAS:CRUS) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Cirrus Logic's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=117.52/4.07
=28.87

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cirrus Logic was 51.03. The lowest was 14.45. And the median was 26.09.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Cirrus Logic Cyclically Adjusted FCF per Share Related Terms

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


Cirrus Logic (Cirrus Logic) Business Description

Industry
Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
Executives
Andrew Brannan officer: VP, Worldwide Sales WESTFIELD HOUSE, 26 WESTFIELD ROAD, EDINBURGH X0 EH11 2QB
Le Duy Loan T director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Scott Thomas officer: VP General Counsel C/O CIRRUS LOGIC INC, 800 WEST 6TH STREET, AUSTIN TX 78701
Alexander M Davern director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Scott Arnold Anderson officer: SVP & GM Mixed Signal Audio 1303 E ALGONQUIN RD, SCHAUMBURG IL 60196
Carl Jackson Alberty officer: VP of MSP 800 W. 6TH STREET, AUSTIN TX 78701
Justin E Dougherty officer: VP, Engineering Operation 800 W. 6TH STREET, AUSTIN TX 78701
Timothy R Dehne director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Venkatesh Nathamuni officer: Chief Financial Officer 800 W. 6TH STREET, AUSTIN TX 78701
Denise Grode officer: Chief Human Resources Officer 800 W. 6TH STREET, AUSTIN TX 78701
Jeffrey W Baumgartner officer: VP, R&D 800 W. 6TH STREET, AUSTIN TX 78701
Allan Hughes officer: VP, Cirrus Logic Internat WESTFIELD HOUSE, 26 WESTFIELD ROAD, EDINBURGH X0 EH11 2QB
Thurman K Case officer: VP and CFO C/O CIRRUS LOGIC INC, 800 W. 6TH STREET, AUSTIN TX 78701
John Forsyth director, officer: CEO 800 W. 6TH STREET, AUSTIN TX 78701
Muhammad Raghib Hussain director 5488 MARVELL LANE, SANTA CLARA CA 95054

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