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TD Synnex (FRA:SUX) Cyclically Adjusted FCF per Share : €8.23 (As of Feb. 2024)


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What is TD Synnex 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.

TD Synnex's adjusted free cash flow per share for the three months ended in Feb. 2024 was €3.611. 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 €8.23 for the trailing ten years ended in Feb. 2024.

During the past 12 months, TD Synnex's average Cyclically Adjusted FCF Growth Rate was 33.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 24.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 29.80% 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 TD Synnex was 105.50% per year. The lowest was 9.00% per year. And the median was 27.50% per year.

As of today (2024-05-14), TD Synnex's current stock price is €111.00. TD Synnex's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €8.23. TD Synnex's Cyclically Adjusted Price-to-FCF of today is 13.49.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TD Synnex was 107.92. The lowest was 9.24. And the median was 18.92.


TD Synnex Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TD Synnex'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.

TD Synnex Cyclically Adjusted FCF per Share Chart

TD Synnex Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.68 11.18 6.87 6.59 7.73

TD Synnex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 6.32 7.08 7.47 7.73 8.23

Competitive Comparison of TD Synnex's Cyclically Adjusted FCF per Share

For the Electronics & Computer Distribution subindustry, TD Synnex'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.


TD Synnex's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



TD Synnex 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, TD Synnex's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=3.611/129.4194*129.4194
=3.611

Current CPI (Feb. 2024) = 129.4194.

TD Synnex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 -3.372 100.373 -4.348
201408 -1.284 100.352 -1.656
201411 -0.109 99.635 -0.142
201502 4.164 99.032 5.442
201505 2.376 100.333 3.065
201508 4.468 100.548 5.751
201511 1.307 100.135 1.689
201602 2.457 100.040 3.179
201605 2.439 101.355 3.114
201608 -0.856 101.617 -1.090
201611 0.538 101.829 0.684
201702 -4.902 102.779 -6.173
201705 0.372 103.256 0.466
201708 0.823 103.587 1.028
201711 4.948 104.072 6.153
201802 -0.568 105.052 -0.700
201805 0.867 106.148 1.057
201808 -2.820 106.383 -3.431
201811 1.723 106.338 2.097
201902 -3.237 106.649 -3.928
201905 1.392 108.048 1.667
201908 3.834 108.245 4.584
201911 5.381 108.519 6.417
202002 0.112 109.139 0.133
202005 20.400 108.175 24.406
202008 4.583 109.662 5.409
202011 3.563 109.793 4.200
202102 0.332 110.968 0.387
202105 4.369 113.576 4.978
202108 -0.994 115.421 -1.115
202111 4.768 117.269 5.262
202202 -12.363 119.703 -13.367
202205 10.026 123.323 10.522
202208 -1.028 124.958 -1.065
202211 2.720 125.607 2.803
202302 -1.384 126.928 -1.411
202305 6.653 128.314 6.710
202308 5.451 129.538 5.446
202311 1.718 129.548 1.716
202402 3.611 129.419 3.611

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


TD Synnex  (FRA:SUX) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=111.00/8.23
=13.49

* 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 TD Synnex was 107.92. The lowest was 9.24. And the median was 18.92.


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.


TD Synnex Cyclically Adjusted FCF per Share Related Terms

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


TD Synnex (FRA:SUX) Business Description

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44201 Nobel Drive, Fremont, CA, USA, 94538
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.

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