GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (NAS:WDAY) » Definitions » Cyclically Adjusted Price-to-FCF

Workday (Workday) Cyclically Adjusted Price-to-FCF : 75.61 (As of Apr. 27, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Workday Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Workday's current share price is $251.04. Workday's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $3.32. Workday's Cyclically Adjusted Price-to-FCF for today is 75.61.

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

WDAY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 58.43   Med: 89.44   Max: 216.31
Current: 76.49

During the past years, Workday's highest Cyclically Adjusted Price-to-FCF was 216.31. The lowest was 58.43. And the median was 89.44.

WDAY's Cyclically Adjusted Price-to-FCF is ranked worse than
77.46% of 670 companies
in the Software industry
Industry Median: 28.305 vs WDAY: 76.49

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.

Workday's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $3.529. 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 $3.32 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Workday Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Workday'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.

Workday Cyclically Adjusted Price-to-FCF Chart

Workday Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 168.41 135.57 72.04 87.63

Workday Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 72.04 71.00 84.37 70.97 87.63

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

For the Software - Application subindustry, Workday'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.


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

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

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



Workday 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=251.04/3.32
=75.61

* 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.

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

For example, Workday's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=3.529/129.4194*129.4194
=3.529

Current CPI (Jan. 2024) = 129.4194.

Workday Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.065 100.023 0.084
201407 -0.203 100.520 -0.261
201410 0.072 100.176 0.093
201501 0.057 98.604 0.075
201504 0.341 99.824 0.442
201507 -0.054 100.691 -0.069
201510 0.078 100.346 0.101
201601 0.294 99.957 0.381
201604 0.660 100.947 0.846
201607 -0.101 101.524 -0.129
201610 0.221 101.988 0.280
201701 0.384 102.456 0.485
201704 0.733 103.167 0.920
201707 -0.113 103.278 -0.142
201710 0.515 104.070 0.640
201801 0.377 104.578 0.467
201804 0.635 105.708 0.777
201807 0.015 106.324 0.018
201810 0.270 106.695 0.328
201901 0.890 106.200 1.085
201904 0.643 107.818 0.772
201907 0.109 108.250 0.130
201910 0.888 108.577 1.058
202001 1.079 108.841 1.283
202004 0.875 108.173 1.047
202007 0.384 109.318 0.455
202010 0.906 109.861 1.067
202101 2.083 110.364 2.443
202104 1.570 112.673 1.803
202107 0.426 115.183 0.479
202110 1.379 116.696 1.529
202201 2.101 118.619 2.292
202204 1.513 121.978 1.605
202207 -0.213 125.002 -0.221
202210 1.366 125.734 1.406
202301 2.409 126.223 2.470
202304 0.800 127.992 0.809
202307 1.367 128.974 1.372
202310 1.470 129.810 1.466
202401 3.529 129.419 3.529

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.


Workday  (NAS:WDAY) 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.


Workday Cyclically Adjusted Price-to-FCF Related Terms

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


Workday (Workday) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (NAS:WDAY) » Definitions » Cyclically Adjusted Price-to-FCF
Address
6110 Stoneridge Mall Road, Pleasanton, CA, USA, 94588
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.
Executives
David A Duffield 10 percent owner C/O WORKDAY, INC., 6230 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Sayan Chakraborty officer: Co-President 6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Richard Harry Sauer officer: EVP, General Counsel & Secty 6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
James Bozzini officer: Senior Vice President 6230 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Aneel Bhusri director, 10 percent owner, officer: Co-CEO and Chairman
Douglas A. Robinson officer: Co-President 6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Zane Rowe officer: Chief Financial Officer 1600 SMITH STREET, HQSEO, HOUSTON TX 77002
Still George J Jr director NORWEST VENTURE PARTNERS, 525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94301
Carl M. Eschenbach director C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025
Christa Davies director AON CORPORATE LAW DEPT, 200 EAST RANDOLPH ST, 8TH FL, CHICAGO IL 60601
Barbara A Larson officer: Chief Financial Officer 6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Mark J Hawkins director C/O LOGITECH, INC., 6505 KAISER DRIVE, FREMONT CA 94555
Robynne Sisco officer: Chief Financial Officer 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Gomez Luciano Fernandez officer: Co-President 1A SHAWFIELD STREET,, RICHARDSON HOUSE, LONDON X0 SW3 4BA
Frederick Wayne A.i. director 500 W MAIN ST., LOUISVILLE KY 40202