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Enablence Technologies (TSXV:ENA) Cyclically Adjusted FCF per Share : C$-2.82 (As of Mar. 2024)


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What is Enablence Technologies 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.

Enablence Technologies's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$-0.137. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-2.82 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 51.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 48.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 31.10% 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 Enablence Technologies was 51.30% per year. The lowest was -18.80% per year. And the median was 11.70% per year.

As of today (2024-06-01), Enablence Technologies's current stock price is C$1.78. Enablence Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$-2.82. Enablence Technologies's Cyclically Adjusted Price-to-FCF of today is .


Enablence Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Enablence Technologies'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.

Enablence Technologies Cyclically Adjusted FCF per Share Chart

Enablence Technologies 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 -59.81 -30.99 -16.36 -7.99 -3.57

Enablence Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -5.05 -4.36 -3.57 -3.04 -2.82

Competitive Comparison of Enablence Technologies's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Enablence Technologies'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.


Enablence Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Enablence Technologies 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, Enablence Technologies'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)
=-0.137/126.2576*126.2576
=-0.137

Current CPI (Mar. 2024) = 126.2576.

Enablence Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.109 98.604 -2.700
201406 -1.185 99.473 -1.504
201409 -1.081 99.394 -1.373
201412 -1.577 98.367 -2.024
201503 -1.336 99.789 -1.690
201506 -1.210 100.500 -1.520
201509 -1.204 100.421 -1.514
201512 -0.900 99.947 -1.137
201603 -0.850 101.054 -1.062
201606 -1.240 102.002 -1.535
201609 -0.747 101.765 -0.927
201612 -0.962 101.449 -1.197
201703 -0.550 102.634 -0.677
201706 -0.619 103.029 -0.759
201709 -0.722 103.345 -0.882
201712 -0.472 103.345 -0.577
201803 -0.380 105.004 -0.457
201806 -0.576 105.557 -0.689
201809 -0.399 105.636 -0.477
201812 -0.408 105.399 -0.489
201903 -0.377 106.979 -0.445
201906 -0.394 107.690 -0.462
201909 -0.416 107.611 -0.488
201912 -0.390 107.769 -0.457
202003 -0.447 107.927 -0.523
202006 0.012 108.401 0.014
202009 -0.090 108.164 -0.105
202012 -0.121 108.559 -0.141
202103 -0.099 110.298 -0.113
202106 -0.342 111.720 -0.387
202109 -0.263 112.905 -0.294
202112 -0.567 113.774 -0.629
202203 -0.115 117.646 -0.123
202206 -0.098 120.806 -0.102
202209 -0.107 120.648 -0.112
202212 -0.089 120.964 -0.093
202303 -0.135 122.702 -0.139
202306 -0.090 124.203 -0.091
202309 -0.189 125.230 -0.191
202403 -0.137 126.258 -0.137

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


Enablence Technologies  (TSXV:ENA) 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.


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.


Enablence Technologies Cyclically Adjusted FCF per Share Related Terms

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


Enablence Technologies (TSXV:ENA) Business Description

Industry
Traded in Other Exchanges
Address
390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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