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CDW (FRA:CDW) Cyclically Adjusted Price-to-FCF : 35.24 (As of May. 16, 2024)


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What is CDW Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), CDW's current share price is €204.40. CDW's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.80. CDW's Cyclically Adjusted Price-to-FCF for today is 35.24.

The historical rank and industry rank for CDW's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:CDW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.97   Med: 31.61   Max: 51.97
Current: 35.53

During the past years, CDW's highest Cyclically Adjusted Price-to-FCF was 51.97. The lowest was 6.97. And the median was 31.61.

FRA:CDW's Cyclically Adjusted Price-to-FCF is ranked worse than
56.8% of 676 companies
in the Software industry
Industry Median: 28.905 vs FRA:CDW: 35.53

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.

CDW's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.777. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €5.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CDW Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CDW's Cyclically Adjusted Price-to-FCF 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.

CDW Cyclically Adjusted Price-to-FCF Chart

CDW Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.96 35.78 47.91 34.36 36.87

CDW Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 36.42 33.01 34.79 36.87 40.67

Competitive Comparison of CDW's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, CDW'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.


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

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

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



CDW Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

CDW's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=204.40/5.8
=35.24

* 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.

CDW's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CDW'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)
=2.777/131.7762*131.7762
=2.777

Current CPI (Mar. 2024) = 131.7762.

CDW Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.350 100.560 -0.459
201409 0.723 100.428 0.949
201412 0.299 99.070 0.398
201503 0.894 99.621 1.183
201506 -0.473 100.684 -0.619
201509 0.911 100.392 1.196
201512 -0.343 99.792 -0.453
201603 2.216 100.470 2.906
201606 -0.691 101.688 -0.895
201609 0.921 101.861 1.191
201612 0.480 101.863 0.621
201703 2.012 102.862 2.578
201706 -0.061 103.349 -0.078
201709 0.221 104.136 0.280
201712 1.721 104.011 2.180
201803 1.081 105.290 1.353
201806 0.514 106.317 0.637
201809 1.395 106.507 1.726
201812 1.566 105.998 1.947
201903 1.382 107.251 1.698
201906 0.821 108.070 1.001
201909 1.460 108.329 1.776
201912 1.127 108.420 1.370
202003 1.234 108.902 1.493
202006 1.343 108.767 1.627
202009 1.108 109.815 1.330
202012 3.124 109.897 3.746
202103 1.901 111.754 2.242
202106 -0.103 114.631 -0.118
202109 1.610 115.734 1.833
202112 0.733 117.630 0.821
202203 2.255 121.301 2.450
202206 2.476 125.017 2.610
202209 2.205 125.227 2.320
202212 1.453 125.222 1.529
202303 2.270 127.348 2.349
202306 1.279 128.729 1.309
202309 2.932 129.860 2.975
202312 3.392 129.419 3.454
202403 2.777 131.776 2.777

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


CDW  (FRA:CDW) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


CDW Cyclically Adjusted Price-to-FCF Related Terms

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


CDW (FRA:CDW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » CDW Corp (FRA:CDW) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
75 Tri-State International, Lincolnshire, Chicago, IL, USA, 60069
CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.

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