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OneSpan (OneSpan) Cyclically Adjusted Price-to-FCF : 28.26 (As of Jun. 09, 2024)


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What is OneSpan Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), OneSpan's current share price is $13.28. OneSpan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.47. OneSpan's Cyclically Adjusted Price-to-FCF for today is 28.26.

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

OSPN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.53   Med: 27.62   Max: 70.95
Current: 28.05

During the past years, OneSpan's highest Cyclically Adjusted Price-to-FCF was 70.95. The lowest was 15.53. And the median was 27.62.

OSPN's Cyclically Adjusted Price-to-FCF is ranked worse than
50.37% of 683 companies
in the Software industry
Industry Median: 28.4 vs OSPN: 28.05

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.

OneSpan's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.621. 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 $0.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OneSpan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for OneSpan'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.

OneSpan Cyclically Adjusted Price-to-FCF Chart

OneSpan 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 29.01 36.47 29.82 21.96 24.37

OneSpan 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 32.21 30.30 23.66 24.37 24.56

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

For the Software - Infrastructure subindustry, OneSpan'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.


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

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

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



OneSpan 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.28/0.47
=28.26

* 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.

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

For example, OneSpan'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)
=0.621/131.7762*131.7762
=0.621

Current CPI (Mar. 2024) = 131.7762.

OneSpan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.382 100.560 0.501
201409 0.068 100.428 0.089
201412 0.288 99.070 0.383
201503 0.301 99.621 0.398
201506 0.177 100.684 0.232
201509 0.699 100.392 0.918
201512 0.517 99.792 0.683
201603 0.048 100.470 0.063
201606 0.281 101.688 0.364
201609 0.244 101.861 0.316
201612 0.090 101.863 0.116
201703 0.037 102.862 0.047
201706 0.246 103.349 0.314
201709 0.062 104.136 0.078
201712 0.020 104.011 0.025
201803 0.185 105.290 0.232
201806 -0.278 106.317 -0.345
201809 -0.224 106.507 -0.277
201812 0.251 105.998 0.312
201903 -0.098 107.251 -0.120
201906 -0.496 108.070 -0.605
201909 0.148 108.329 0.180
201912 0.712 108.420 0.865
202003 -0.096 108.902 -0.116
202006 0.152 108.767 0.184
202009 0.063 109.815 0.076
202012 0.174 109.897 0.209
202103 0.070 111.754 0.083
202106 -0.072 114.631 -0.083
202109 -0.150 115.734 -0.171
202112 0.026 117.630 0.029
202203 0.085 121.301 0.092
202206 -0.391 125.017 -0.412
202209 -0.098 125.227 -0.103
202212 0.133 125.222 0.140
202303 0.254 127.348 0.263
202306 -0.571 128.729 -0.585
202309 -0.247 129.860 -0.251
202312 -0.010 129.419 -0.010
202403 0.621 131.776 0.621

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.


OneSpan  (NAS:OSPN) 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.


OneSpan Cyclically Adjusted Price-to-FCF Related Terms

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


OneSpan (OneSpan) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » OneSpan Inc (NAS:OSPN) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
121 West Wacker Drive, Suite 2050, Chicago, IL, USA, 60601
OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, Middle East and Africa, and the rest in the United States and Asia-Pacific region.
Executives
Marc Zenner director 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Michael J Mcconnell director P.O. BOX 6280, NEWPORT BEACH CA 92658
Jorge Garcia Martell officer: Chief Financial Officer 121 W WACKER #2050, CHICAGO IL 60601
Lara Mataac other: General Counsel 121 W WACKER #2050, CHICAGO IL 60601
Alfred A Nietzel director ONE ADP BOULEVARD, ROSELAND NJ 07068
Steven Worth officer: General Counsel 121 W. WACKER, 20TH FLOOR, CHICAGO IL 60601
T Kendall Hunt director, 10 percent owner, officer: Chief Executive Officer C/O VASCO DATA SECURITY, 1901 S MEYERS ROAD, OAKBROOK TERRACE IL 60181
Matthew Moynahan officer: Chief Executive Officer 121 W WACKER #2050, CHICAGO IL 60601
Marianne Johnson director 121 W. WACKER #2050, CHICAGO IL 60601
Marc Boroditsky director 121 W. WACKER DR., SUITE 2050, CHICAGO IL 60614
John Bosshart other: Principal Accounting Officer 500 W. MADISON STREET, #1000, CHICAGO IL 60661
Sarika Garg director 121 W. WACKER, 20TH FLOOR, CHICAGO IL 60601
Garry L Capers director 3680 VICTORIA STREET N, SHOREVIEW MN 55126
Naureen Hassan director 121 W. WACKER #2050, CHICAGO IL 60601
Scott Clements officer: President and COO 1901 S. MEYERS ROAD SUITE 210, OAKBROOK TERRACE IL 60181