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Axon Enterprise (FRA:TCS) Cyclically Adjusted Price-to-FCF : 307.07 (As of Jun. 05, 2024)


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What is Axon Enterprise Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Axon Enterprise's current share price is €251.80. Axon Enterprise's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.82. Axon Enterprise's Cyclically Adjusted Price-to-FCF for today is 307.07.

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

FRA:TCS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 50.45   Med: 146.78   Max: 434.53
Current: 316.8

During the past years, Axon Enterprise's highest Cyclically Adjusted Price-to-FCF was 434.53. The lowest was 50.45. And the median was 146.78.

FRA:TCS's Cyclically Adjusted Price-to-FCF is ranked worse than
95.33% of 107 companies
in the Aerospace & Defense industry
Industry Median: 35.41 vs FRA:TCS: 316.80

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.

Axon Enterprise's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.383. 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 €0.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axon Enterprise Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Axon Enterprise'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.

Axon Enterprise Cyclically Adjusted Price-to-FCF Chart

Axon Enterprise 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 149.25 272.78 275.45 208.99 283.09

Axon Enterprise 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 316.72 264.07 253.97 283.09 355.85

Competitive Comparison of Axon Enterprise's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Axon Enterprise'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.


Axon Enterprise's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Axon Enterprise 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=251.80/0.82
=307.07

* 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.

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

For example, Axon Enterprise'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)
=-0.383/131.7762*131.7762
=-0.383

Current CPI (Mar. 2024) = 131.7762.

Axon Enterprise Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.016 100.560 0.021
201409 0.228 100.428 0.299
201412 0.183 99.070 0.243
201503 0.212 99.621 0.280
201506 -0.058 100.684 -0.076
201509 0.278 100.392 0.365
201512 0.233 99.792 0.308
201603 0.094 100.470 0.123
201606 0.041 101.688 0.053
201609 0.169 101.861 0.219
201612 -0.100 101.863 -0.129
201703 -0.158 102.862 -0.202
201706 -0.154 103.349 -0.196
201709 0.047 104.136 0.059
201712 0.348 104.011 0.441
201803 0.252 105.290 0.315
201806 -0.086 106.317 -0.107
201809 0.202 106.507 0.250
201812 0.394 105.998 0.490
201903 -0.287 107.251 -0.353
201906 0.127 108.070 0.155
201909 0.275 108.329 0.335
201912 0.626 108.420 0.761
202003 0.167 108.902 0.202
202006 -0.380 108.767 -0.460
202009 -0.634 109.815 -0.761
202012 0.357 109.897 0.428
202103 0.661 111.754 0.779
202106 0.262 114.631 0.301
202109 0.047 115.734 0.054
202112 -0.009 117.630 -0.010
202203 0.337 121.301 0.366
202206 0.086 125.017 0.091
202209 0.368 125.227 0.387
202212 1.545 125.222 1.626
202303 -0.821 127.348 -0.850
202306 0.359 128.729 0.367
202309 0.599 129.860 0.608
202312 1.396 129.419 1.421
202403 -0.383 131.776 -0.383

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.


Axon Enterprise  (FRA:TCS) 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.


Axon Enterprise Cyclically Adjusted Price-to-FCF Related Terms

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


Axon Enterprise (FRA:TCS) Business Description

Traded in Other Exchanges
Address
17800 North 85th Street, Scottsdale, AZ, USA, 85255
Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and gets most of its revenue from the United States.