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Immersion (Immersion) Cyclically Adjusted Price-to-FCF : 27.42 (As of Jun. 10, 2024)


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What is Immersion Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Immersion's current share price is $9.87. Immersion's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.36. Immersion's Cyclically Adjusted Price-to-FCF for today is 27.42.

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

IMMR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.26   Med: 70.51   Max: 1573
Current: 26.96

During the past years, Immersion's highest Cyclically Adjusted Price-to-FCF was 1573.00. The lowest was 16.26. And the median was 70.51.

IMMR's Cyclically Adjusted Price-to-FCF is ranked better than
51.76% of 682 companies
in the Software industry
Industry Median: 28.365 vs IMMR: 26.96

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.

Immersion's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.952. 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 $0.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Immersion Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Immersion'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.

Immersion Cyclically Adjusted Price-to-FCF Chart

Immersion 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 79.68 99.49 31.46 19.88 21.26

Immersion 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 31.51 21.88 19.60 21.26 20.72

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

For the Software - Application subindustry, Immersion'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.


Immersion's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Immersion 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.87/0.36
=27.42

* 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.

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

For example, Immersion'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)
=0.952/131.7762*131.7762
=0.952

Current CPI (Mar. 2024) = 131.7762.

Immersion Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.243 100.560 -0.318
201409 -0.227 100.428 -0.298
201412 -0.099 99.070 -0.132
201503 0.745 99.621 0.985
201506 -0.254 100.684 -0.332
201509 -0.187 100.392 -0.245
201512 -0.079 99.792 -0.104
201603 -0.208 100.470 -0.273
201606 -0.197 101.688 -0.255
201609 1.330 101.861 1.721
201612 -0.196 101.863 -0.254
201703 -0.496 102.862 -0.635
201706 -0.481 103.349 -0.613
201709 -0.471 104.136 -0.596
201712 -0.059 104.011 -0.075
201803 2.820 105.290 3.529
201806 -0.140 106.317 -0.174
201809 -0.210 106.507 -0.260
201812 -0.178 105.998 -0.221
201903 -0.244 107.251 -0.300
201906 -0.517 108.070 -0.630
201909 -0.219 108.329 -0.266
201912 -0.106 108.420 -0.129
202003 -0.043 108.902 -0.052
202006 -0.125 108.767 -0.151
202009 0.065 109.815 0.078
202012 0.106 109.897 0.127
202103 0.149 111.754 0.176
202106 0.148 114.631 0.170
202109 0.051 115.734 0.058
202112 0.191 117.630 0.214
202203 0.322 121.301 0.350
202206 0.226 125.017 0.238
202209 0.404 125.227 0.425
202212 0.245 125.222 0.258
202303 0.106 127.348 0.110
202306 0.159 128.729 0.163
202309 0.123 129.860 0.125
202312 0.241 129.419 0.245
202403 0.952 131.776 0.952

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.


Immersion  (NAS:IMMR) 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.


Immersion Cyclically Adjusted Price-to-FCF Related Terms

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


Immersion (Immersion) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Immersion Corp (NAS:IMMR) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
2999 N.E. 191st Street, Suite 610, Aventura, FL, USA, 33180
Immersion Corp is focused on the creation, design, development, and licensing of innovative haptic technologies that allow people to use its sense of touch more fully as they engage with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Korea.
Executives
Aaron Akerman officer: Chief Financial Officer C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
J Michael Dodson officer: Chief Financial Officer 1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Emily Hoffman director 2999 N.E. 191ST STREET, SUITE 610, AVENTURA FL 33180
Francis Jose officer: General Counsel 385 RIVER OAKS PARKWAY, APT # 2106, SAN JOSE CA 95134
Eric Singer 10 percent owner 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
William C Martin officer: Chief Strategy Officer C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Childress Frederick Wasch director 330 TOWNSEND STREET, SUITE 234, SAN FRANCISCO CA 94107
Elias Nader director 1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Sumit Agarwal director C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Mary Dotz director 280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Jared Smith officer: Interim CEO/VP Worldwide Sales C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Special Opportunities Fund Ii, Lp 10 percent owner C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Michael Rudolf Okada officer: General Counsel C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Opportunities Fund, Lp Series One 10 percent owner C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Sharon E Holt director C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134