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Veritec (Veritec) Cyclically Adjusted Price-to-FCF : (As of Jun. 11, 2024)


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What is Veritec Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Veritec Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Veritec'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.

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Veritec Cyclically Adjusted Price-to-FCF Chart

Veritec Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Veritec Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Veritec's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Veritec'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.


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

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

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



Veritec 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.

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

For example, Veritec'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)
=-0.003/131.7762*131.7762
=-0.003

Current CPI (Mar. 2024) = 131.7762.

Veritec Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.003 100.560 -0.004
201409 0.001 100.428 0.001
201412 0.003 99.070 0.004
201503 -0.007 99.621 -0.009
201506 -0.009 100.684 -0.012
201509 -0.007 100.392 -0.009
201512 -0.005 99.792 -0.007
201603 -0.006 100.470 -0.008
201606 -0.006 101.688 -0.008
201609 -0.007 101.861 -0.009
201612 -0.008 101.863 -0.010
201703 -0.008 102.862 -0.010
201706 -0.003 103.349 -0.004
201709 -0.002 104.136 -0.003
201712 -0.003 104.011 -0.004
201803 -0.004 105.290 -0.005
201806 -0.003 106.317 -0.004
201809 -0.003 106.507 -0.004
201812 -0.003 105.998 -0.004
201903 -0.001 107.251 -0.001
201906 -0.004 108.070 -0.005
201909 0.000 108.329 0.000
201912 -0.005 108.420 -0.006
202003 -0.001 108.902 -0.001
202006 -0.003 108.767 -0.004
202009 -0.007 109.815 -0.008
202012 -0.003 109.897 -0.004
202103 -0.003 111.754 -0.004
202106 -0.004 114.631 -0.005
202109 -0.004 115.734 -0.005
202112 -0.004 117.630 -0.004
202203 -0.004 121.301 -0.004
202206 -0.005 125.017 -0.005
202209 -0.002 125.227 -0.002
202212 0.000 125.222 0.000
202303 -0.004 127.348 -0.004
202306 -0.005 128.729 -0.005
202309 -0.003 129.860 -0.003
202312 -0.004 129.419 -0.004
202403 -0.003 131.776 -0.003

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.


Veritec  (OTCPK:VRTC) 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.


Veritec Cyclically Adjusted Price-to-FCF Related Terms

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


Veritec (Veritec) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Veritec Inc (OTCPK:VRTC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
12445 Winnetka Avenue North, Golden Valley, MN, USA, 55427
Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card - Visa Prepaid Card Programs, blinx ON-OFF Debit Card - Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.
Executives
Matthews Group, Llc 10 percent owner 2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Van Thuy Tran director, 10 percent owner, officer: CEO & President 2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Lawrence J Johanns 10 percent owner 2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Laird E. Powers director 530 HAWTHORNE COURT, LOS ALTOS CA 94024
David Christopher Reiling director 4516 FREMONT AVENUE SOUTH, MINNEAPOLIS MN 55419
Robert W Junghans director 2 SKILLMAN LANE, NORTH OAKS MN 55127
Jeffrey J Hattara officer: Chief Executive Officer 319 BARRY AVENUE SOUTH, SUITE 300, WAYZATA MN 55391
Gerald David Fors officer: CFO 7321-15TH AVE. SO., RICHFIELD MN 55423
Larry Matthews director 7601 5TH AVE., RICHFIELD MN 55423
Charles E Boyer director

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