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F5 (BSP:F1FI34) Cyclically Adjusted FCF per Share : R$14.11 (As of Mar. 2024)


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What is F5 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.

F5's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$4.434. 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$14.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, F5's average Cyclically Adjusted FCF Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 14.00% 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 F5 was 41.10% per year. The lowest was 7.80% per year. And the median was 19.30% per year.

As of today (2024-05-21), F5's current stock price is R$221.76. F5's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$14.11. F5's Cyclically Adjusted Price-to-FCF of today is 15.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of F5 was 35.55. The lowest was 11.82. And the median was 21.03.


F5 Cyclically Adjusted FCF per Share Historical Data

The historical data trend for F5'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.

F5 Cyclically Adjusted FCF per Share Chart

F5 Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 14.53 13.61 14.49 13.14

F5 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 13.96 13.40 13.14 11.87 14.11

Competitive Comparison of F5's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, F5'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.


F5's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted Price-to-FCF falls into.



F5 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, F5'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)
=4.434/131.7762*131.7762
=4.434

Current CPI (Mar. 2024) = 131.7762.

F5 Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.984 100.560 1.289
201409 1.275 100.428 1.673
201412 1.566 99.070 2.083
201503 1.371 99.621 1.814
201506 1.636 100.684 2.141
201509 2.245 100.392 2.947
201512 2.601 99.792 3.435
201603 1.590 100.470 2.085
201606 1.965 101.688 2.546
201609 2.257 101.861 2.920
201612 2.187 101.863 2.829
201703 1.993 102.862 2.553
201706 1.985 103.349 2.531
201709 2.525 104.136 3.195
201712 2.416 104.011 3.061
201803 2.312 105.290 2.894
201806 2.481 106.317 3.075
201809 3.126 106.507 3.868
201812 2.831 105.998 3.519
201903 2.632 107.251 3.234
201906 1.880 108.070 2.292
201909 3.148 108.329 3.829
201912 2.054 108.420 2.496
202003 3.373 108.902 4.081
202006 3.100 108.767 3.756
202009 3.569 109.815 4.283
202012 2.740 109.897 3.286
202103 2.699 111.754 3.183
202106 3.542 114.631 4.072
202109 4.041 115.734 4.601
202112 1.823 117.630 2.042
202203 2.457 121.301 2.669
202206 1.296 125.017 1.366
202209 3.168 125.227 3.334
202212 3.139 125.222 3.303
202303 2.794 127.348 2.891
202306 3.019 128.729 3.090
202309 3.608 129.860 3.661
202312 3.209 129.419 3.267
202403 4.434 131.776 4.434

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


F5  (BSP:F1FI34) 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.

F5's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=221.76/14.11
=15.72

* 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 F5 was 35.55. The lowest was 11.82. And the median was 21.03.


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.


F5 Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of F5's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 (BSP:F1FI34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (BSP:F1FI34) » Definitions » Cyclically Adjusted FCF per Share
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Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, has about 6,500 employees, and generates about 55% its revenue within the Americas, 25% in EMEA, and 20% in APAC/Japan.

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