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Broadridge Financial Solutions (BSP:B1RF34) Cyclically Adjusted FCF per Share : R$5.77 (As of Mar. 2024)


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What is Broadridge Financial Solutions 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.

Broadridge Financial Solutions's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$1.743. 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 R$5.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Broadridge Financial Solutions's average Cyclically Adjusted FCF Growth Rate was 15.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.70% 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 Broadridge Financial Solutions was 12.80% per year. The lowest was 5.60% per year. And the median was 8.20% per year.

As of today (2024-05-28), Broadridge Financial Solutions's current stock price is R$247.68. Broadridge Financial Solutions's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$5.77. Broadridge Financial Solutions's Cyclically Adjusted Price-to-FCF of today is 42.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Broadridge Financial Solutions was 52.59. The lowest was 22.31. And the median was 39.70.


Broadridge Financial Solutions Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Broadridge Financial Solutions'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.

Broadridge Financial Solutions Cyclically Adjusted FCF per Share Chart

Broadridge Financial Solutions Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.21 4.52 4.96 5.39

Broadridge Financial Solutions 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 4.92 5.39 5.69 5.19 5.77

Competitive Comparison of Broadridge Financial Solutions's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, Broadridge Financial Solutions'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.


Broadridge Financial Solutions's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Broadridge Financial Solutions 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, Broadridge Financial Solutions'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)
=1.743/131.7762*131.7762
=1.743

Current CPI (Mar. 2024) = 131.7762.

Broadridge Financial Solutions Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.856 100.560 1.122
201409 0.046 100.428 0.060
201412 0.241 99.070 0.321
201503 0.446 99.621 0.590
201506 1.517 100.684 1.985
201509 -0.340 100.392 -0.446
201512 0.383 99.792 0.506
201603 0.754 100.470 0.989
201606 1.819 101.688 2.357
201609 -1.285 101.861 -1.662
201612 0.447 101.863 0.578
201703 0.843 102.862 1.080
201706 2.137 103.349 2.725
201709 -0.845 104.136 -1.069
201712 2.469 104.011 3.128
201803 -0.455 105.290 -0.569
201806 3.059 106.317 3.792
201809 -0.953 106.507 -1.179
201812 1.327 105.998 1.650
201903 0.970 107.251 1.192
201906 3.049 108.070 3.718
201909 -0.938 108.329 -1.141
201912 0.658 108.420 0.800
202003 1.186 108.902 1.435
202006 4.639 108.767 5.620
202009 -0.784 109.815 -0.941
202012 1.099 109.897 1.318
202103 1.024 111.754 1.207
202106 4.482 114.631 5.152
202109 -1.688 115.734 -1.922
202112 0.328 117.630 0.367
202203 0.582 121.301 0.632
202206 4.672 125.017 4.925
202209 -2.405 125.227 -2.531
202212 1.143 125.222 1.203
202303 1.769 127.348 1.831
202306 7.128 128.729 7.297
202309 -0.791 129.860 -0.803
202312 1.726 129.419 1.757
202403 1.743 131.776 1.743

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


Broadridge Financial Solutions  (BSP:B1RF34) 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.

Broadridge Financial Solutions's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=247.68/5.77
=42.93

* 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 Broadridge Financial Solutions was 52.59. The lowest was 22.31. And the median was 39.70.


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.


Broadridge Financial Solutions Cyclically Adjusted FCF per Share Related Terms

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


Broadridge Financial Solutions (BSP:B1RF34) Business Description

Traded in Other Exchanges
Address
5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042
Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.

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