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CyberArk Software (CyberArk Software) Cyclically Adjusted FCF per Share : $2.38 (As of Mar. 2024)


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What is CyberArk Software 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.

CyberArk Software's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.399. 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 $2.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CyberArk Software's average Cyclically Adjusted FCF Growth Rate was 8.20% 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.

As of today (2024-05-14), CyberArk Software's current stock price is $238.30. CyberArk Software's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.38. CyberArk Software's Cyclically Adjusted Price-to-FCF of today is 100.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CyberArk Software was 123.93. The lowest was 53.86. And the median was 70.20.


CyberArk Software Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CyberArk Software'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.

CyberArk Software Cyclically Adjusted FCF per Share Chart

CyberArk Software Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.17 2.27

CyberArk Software 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 2.20 2.18 2.20 2.27 2.38

Competitive Comparison of CyberArk Software's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, CyberArk Software'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.


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

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

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



CyberArk Software 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, CyberArk Software'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)
=1.399/129.4194*129.4194
=1.399

Current CPI (Mar. 2024) = 129.4194.

CyberArk Software Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.121 100.560 0.156
201409 0.013 100.428 0.017
201412 0.317 99.070 0.414
201503 0.394 99.621 0.512
201506 0.581 100.684 0.747
201509 0.126 100.392 0.162
201512 0.519 99.792 0.673
201603 0.437 100.470 0.563
201606 0.112 101.688 0.143
201609 0.394 101.861 0.501
201612 0.548 101.863 0.696
201703 0.408 102.862 0.513
201706 0.356 103.349 0.446
201709 0.363 104.136 0.451
201712 0.917 104.011 1.141
201803 0.838 105.290 1.030
201806 0.584 106.317 0.711
201809 0.798 106.507 0.970
201812 1.051 105.998 1.283
201903 1.133 107.251 1.367
201906 0.527 108.070 0.631
201909 0.489 108.329 0.584
201912 1.317 108.420 1.572
202003 0.827 108.902 0.983
202006 0.465 108.767 0.553
202009 0.321 109.815 0.378
202012 0.943 109.897 1.111
202103 0.799 111.754 0.925
202106 0.350 114.631 0.395
202109 0.049 115.734 0.055
202112 0.468 117.630 0.515
202203 0.572 121.301 0.610
202206 -0.405 125.017 -0.419
202209 0.339 125.227 0.350
202212 0.410 125.222 0.424
202303 0.098 127.348 0.100
202306 -0.303 128.729 -0.305
202309 0.325 129.860 0.324
202312 1.100 129.419 1.100
202403 1.399 129.419 1.399

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


CyberArk Software  (NAS:CYBR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=238.30/2.38
=100.13

* 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 CyberArk Software was 123.93. The lowest was 53.86. And the median was 70.20.


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.


CyberArk Software Cyclically Adjusted FCF per Share Related Terms

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


CyberArk Software (CyberArk Software) Business Description

Industry
Traded in Other Exchanges
Address
9 Hapsagot Street, Park Ofer B, P.O. Box 3143, Petach Tikva, ISR, 4951040
CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company software solutions focused on protecting privileged accounts, credentials, and secrets. Its products and services include Enterprise Password Vault, Privileged Session Manager, Privileged Threat Analytics, CyberArk Privilege Cloud. The company provides a solution on Audit and Compliance, Security and Risk Management, Industry Solutions. Geographically, it generates maximum revenue from the United States and also has a presence in the United Kingdom; Europe, the Middle East and Africa and Other countries.