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Global Payments (Global Payments) Cyclically Adjusted Price-to-FCF : 23.59 (As of Apr. 27, 2024)


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What is Global Payments Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Global Payments's current share price is $124.57. Global Payments's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.28. Global Payments's Cyclically Adjusted Price-to-FCF for today is 23.59.

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

GPN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.93   Med: 36.27   Max: 85.63
Current: 23.59

During the past years, Global Payments's highest Cyclically Adjusted Price-to-FCF was 85.63. The lowest was 15.93. And the median was 36.27.

GPN's Cyclically Adjusted Price-to-FCF is ranked worse than
62.64% of 356 companies
in the Business Services industry
Industry Median: 17.405 vs GPN: 23.59

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.

Global Payments's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.905. 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 $5.28 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Payments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Global Payments'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.

Global Payments Cyclically Adjusted Price-to-FCF Chart

Global Payments Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.60 63.05 32.58 20.26 24.05

Global Payments 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 20.26 20.62 18.59 21.04 24.05

Competitive Comparison of Global Payments's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, Global Payments'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.


Global Payments's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Global Payments's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Global Payments 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=124.57/5.28
=23.59

* 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.

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

For example, Global Payments'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)
=1.905/129.4194*129.4194
=1.905

Current CPI (Dec. 2023) = 129.4194.

Global Payments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201402 -0.802 99.057 -1.048
201405 -0.811 100.373 -1.046
201408 -0.595 100.352 -0.767
201411 2.032 99.635 2.639
201502 0.718 99.032 0.938
201505 0.355 100.333 0.458
201508 3.786 100.548 4.873
201511 -0.604 100.135 -0.781
201602 3.093 100.040 4.001
201605 -2.264 101.355 -2.891
201608 0.738 101.617 0.940
201611 -0.026 101.829 -0.033
201703 1.617 102.862 2.034
201706 -0.454 103.349 -0.569
201709 0.292 104.136 0.363
201712 0.669 104.011 0.832
201803 1.504 105.290 1.849
201806 1.023 106.317 1.245
201809 0.636 106.507 0.773
201812 2.444 105.998 2.984
201903 1.105 107.251 1.333
201906 -0.385 108.070 -0.461
201909 5.826 108.329 6.960
201912 -0.216 108.420 -0.258
202003 1.103 108.902 1.311
202006 1.399 108.767 1.665
202009 1.542 109.815 1.817
202012 2.205 109.897 2.597
202103 1.724 111.754 1.997
202106 1.272 114.631 1.436
202109 2.690 115.734 3.008
202112 2.118 117.630 2.330
202203 1.677 121.301 1.789
202206 1.439 125.017 1.490
202209 0.715 125.227 0.739
202212 2.086 125.222 2.156
202303 1.662 127.348 1.689
202306 1.516 128.729 1.524
202309 0.985 129.860 0.982
202312 1.905 129.419 1.905

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.


Global Payments  (NYSE:GPN) 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.


Global Payments Cyclically Adjusted Price-to-FCF Related Terms

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


Global Payments (Global Payments) Business Description

Traded in Other Exchanges
Address
3550 Lenox Road, Atlanta, GA, USA, 30326
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.
Executives
M Troy Woods director ONE TSYS WAY, COLUMBUS GA 31901
Baldwin Robert H B Jr director C/O HEARTLAND PAYMENT SYSTEMS, INC., 90 NASSAU STREET, PRINCETON NJ 08542
David M Sheffield officer: Chief Accounting Officer 10 GLENLAKE PARKWAY, NORTH TOWER, ATLANTA GA 30328
David Lawrence Green officer: EVP and General Counsel 1431 FAIRVIEW ROAD NE, ATLANTA GA 30306
Kirsten Marie Kliphouse director 531 SOUTH SPRING STREET, BURLINGTON NC 27215
Joshua J Whipple officer: Senior Executive VP and CFO 3550 LENOX ROAD NE, ATLANTA GA 30326
Guido Francesco Sacchi officer: EVP and CIO 533 ORME CIRCLE NE, ATLANTA GA 30306
Andrea M Carter officer: Senior Executive VP and CHRO 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Jeffrey Steven Sloan director, officer: CEO 5048 NORTHSIDE DRIVE, ATLANTA GA 30327
John G Bruno director
Sla Ii Galaxy Gp, L.l.c. director C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Sla Ii Galaxy Holdings, L.p. director C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slp Galaxy Co-invest, L.p. director 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Sla Ii Galaxy Aggregator, L.p. director C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Group, L.l.c. director 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025