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CDW (CDW) Cyclically Adjusted Price-to-FCF : 39.26 (As of Apr. 27, 2024)


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What is CDW Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), CDW's current share price is $242.26. CDW's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $6.17. CDW's Cyclically Adjusted Price-to-FCF for today is 39.26.

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

CDW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.97   Med: 31.43   Max: 51.97
Current: 39.29

During the past years, CDW's highest Cyclically Adjusted Price-to-FCF was 51.97. The lowest was 6.97. And the median was 31.43.

CDW's Cyclically Adjusted Price-to-FCF is ranked worse than
59.1% of 670 companies
in the Software industry
Industry Median: 28.305 vs CDW: 39.29

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 Dec. 2023 was $3.699. 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 $6.17 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 34.36 36.42 33.01 34.79 36.87

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
=242.26/6.17
=39.26

* 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.

CDW's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, CDW's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.699/129.4194*129.4194
=3.699

Current CPI (Dec. 2023) = 129.4194.

CDW Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.376 99.695 1.786
201406 -0.475 100.560 -0.611
201409 0.932 100.428 1.201
201412 0.369 99.070 0.482
201503 0.967 99.621 1.256
201506 -0.531 100.684 -0.683
201509 1.022 100.392 1.318
201512 -0.373 99.792 -0.484
201603 2.468 100.470 3.179
201606 -0.776 101.688 -0.988
201609 1.034 101.861 1.314
201612 0.506 101.863 0.643
201703 2.152 102.862 2.708
201706 -0.069 103.349 -0.086
201709 0.263 104.136 0.327
201712 2.037 104.011 2.535
201803 1.333 105.290 1.638
201806 0.600 106.317 0.730
201809 1.628 106.507 1.978
201812 1.781 105.998 2.175
201903 1.562 107.251 1.885
201906 0.928 108.070 1.111
201909 1.608 108.329 1.921
201912 1.252 108.420 1.494
202003 1.364 108.902 1.621
202006 1.512 108.767 1.799
202009 1.305 109.815 1.538
202012 3.801 109.897 4.476
202103 2.263 111.754 2.621
202106 -0.124 114.631 -0.140
202109 1.895 115.734 2.119
202112 0.828 117.630 0.911
202203 2.484 121.301 2.650
202206 2.617 125.017 2.709
202209 2.183 125.227 2.256
202212 1.539 125.222 1.591
202303 2.430 127.348 2.470
202306 1.386 128.729 1.393
202309 3.129 129.860 3.118
202312 3.699 129.419 3.699

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  (NAS: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 (CDW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » CDW Corp (NAS: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.
Executives
Christina M Corley officer: See Remarks 780 AEC DRIVE, WOOD DALE IL 60191
Christine A Leahy officer: See Remarks
Kelly J Grier director 155 HARLEM AVE., GLENVIEW IL 60025
Donna F Zarcone director C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Marc Ellis Jones director C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, MILWAUKEE WI 53202
Carolyn Wiesenhahn officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Peter R Locy officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Miralles Albert Joseph Jr officer: See Remarks 151 N. FRANKLIN, CHICAGO IL 60606
Paul J Finnegan director, 10 percent owner PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Kebo Collin B. officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Frederick J. Kulevich officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Sanjay Mehrotra director C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Anthony R Foxx director 2710 WYCLIFF ROAD, RALEIGH NC 27607
Ilaria Mocciaro officer: See Remarks 2301 PATRIOT BLVD, GLENVIEW IL 60026
Matthew A. Troka officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061

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