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ePlus (FRA:MLE) Cyclically Adjusted FCF per Share : €1.22 (As of Mar. 2024)


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What is ePlus 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.

ePlus's adjusted free cash flow per share for the three months ended in Mar. 2024 was €3.566. 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 €1.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ePlus's average Cyclically Adjusted FCF Growth Rate was 303.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 34.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 71.70% 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 ePlus was 154.60% per year. The lowest was -48.50% per year. And the median was 2.20% per year.

As of today (2024-06-10), ePlus's current stock price is €67.50. ePlus's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.22. ePlus's Cyclically Adjusted Price-to-FCF of today is 55.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ePlus was 1913.25. The lowest was 55.33. And the median was 285.97.


ePlus Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ePlus'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.

ePlus Cyclically Adjusted FCF per Share Chart

ePlus 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 0.02 0.46 0.46 0.29 1.22

ePlus 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 0.29 0.27 0.34 0.90 1.22

Competitive Comparison of ePlus's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, ePlus'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.


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

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

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



ePlus 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, ePlus'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)
=3.566/131.7762*131.7762
=3.566

Current CPI (Mar. 2024) = 131.7762.

ePlus Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.142 100.560 -0.186
201409 -0.187 100.428 -0.245
201412 -0.128 99.070 -0.170
201503 0.634 99.621 0.839
201506 0.453 100.684 0.593
201509 -1.586 100.392 -2.082
201512 0.075 99.792 0.099
201603 1.047 100.470 1.373
201606 -0.426 101.688 -0.552
201609 -1.071 101.861 -1.386
201612 2.362 101.863 3.056
201703 0.035 102.862 0.045
201706 -0.169 103.349 -0.215
201709 0.456 104.136 0.577
201712 0.985 104.011 1.248
201803 0.959 105.290 1.200
201806 -1.595 106.317 -1.977
201809 0.856 106.507 1.059
201812 0.559 105.998 0.695
201903 1.115 107.251 1.370
201906 -2.924 108.070 -3.565
201909 1.007 108.329 1.225
201912 -0.762 108.420 -0.926
202003 0.025 108.902 0.030
202006 0.137 108.767 0.166
202009 0.032 109.815 0.038
202012 -0.127 109.897 -0.152
202103 3.650 111.754 4.304
202106 -2.227 114.631 -2.560
202109 -2.503 115.734 -2.850
202112 0.274 117.630 0.307
202203 3.359 121.301 3.649
202206 -3.712 125.017 -3.913
202209 -0.659 125.227 -0.693
202212 -1.085 125.222 -1.142
202303 4.492 127.348 4.648
202306 -0.852 128.729 -0.872
202309 1.030 129.860 1.045
202312 4.502 129.419 4.584
202403 3.566 131.776 3.566

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


ePlus  (FRA:MLE) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=67.50/1.22
=55.33

* 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 ePlus was 1913.25. The lowest was 55.33. And the median was 285.97.


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.


ePlus Cyclically Adjusted FCF per Share Related Terms

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


ePlus (FRA:MLE) Business Description

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ePlus Inc is a holding company. ePlus through its subsidiaries provides information technology solutions. The company's technology solutions enable organizations to optimize their IT environment and supply chain processes. It also provides consulting, professional and managed services, and complete lifecycle management services including flexible financing solutions. ePlus focuses on selling to medium and large enterprises in the United States and to customers in select international markets including the United Kingdom, the European Union, India, Singapore, and Israel..

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