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Neurones (XPAR:NRO) Cyclically Adjusted Price-to-FCF : 28.70 (As of Jun. 04, 2024)


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What is Neurones Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Neurones's current share price is €47.35. Neurones's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €1.65. Neurones's Cyclically Adjusted Price-to-FCF for today is 28.70.

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

XPAR:NRO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.9   Med: 31   Max: 48.33
Current: 28.71

During the past 13 years, Neurones's highest Cyclically Adjusted Price-to-FCF was 48.33. The lowest was 20.90. And the median was 31.00.

XPAR:NRO's Cyclically Adjusted Price-to-FCF is ranked worse than
50.74% of 680 companies
in the Software industry
Industry Median: 28.39 vs XPAR:NRO: 28.71

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.

Neurones's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €2.225. 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 €1.65 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Neurones Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Neurones'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.

Neurones Cyclically Adjusted Price-to-FCF Chart

Neurones 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 25.18 23.17 30.14 27.13 26.50

Neurones Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 30.14 - 27.13 - 26.50

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

For the Information Technology Services subindustry, Neurones'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.


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

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

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



Neurones 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=47.35/1.65
=28.70

* 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.

Neurones's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Neurones's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=2.225/118.3900*118.3900
=2.225

Current CPI (Dec23) = 118.3900.

Neurones Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.961 99.860 1.139
201512 0.713 100.040 0.844
201612 0.589 100.650 0.693
201712 0.589 101.850 0.685
201812 0.993 103.470 1.136
201912 2.199 104.980 2.480
202012 2.475 104.960 2.792
202112 2.389 107.850 2.622
202212 1.826 114.160 1.894
202312 2.225 118.390 2.225

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.


Neurones  (XPAR:NRO) 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.


Neurones Cyclically Adjusted Price-to-FCF Related Terms

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


Neurones (XPAR:NRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Neurones (XPAR:NRO) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Immeuble Le Clemenceau 1 - 205, Avenue Georges Clemenceau, Nanterre Cedex, Paris, FRA, 92024
Neurones SA is a France-based technology sector company. Its core business involves the provision of Information Technology (IT) services catering to the needs of hardware, software, and consulting. Its operations are thereby divided into three segments: Infrastructure Services, Application Services, and Consulting. The Infrastructure segment is the strongest revenue driver through the provision of such services as IT operations, IT service management, systems and network, server, application, and workstation outsourcing. Its second most profitable business is carried out through the Application segment, which entails SAP, Web and decision support, social media, data analysis.