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Edenred SE (XPAR:EDEN) Cyclically Adjusted Price-to-FCF : 20.34 (As of Apr. 27, 2024)


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What is Edenred SE Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Edenred SE's current share price is €44.95. Edenred SE's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €2.21. Edenred SE's Cyclically Adjusted Price-to-FCF for today is 20.34.

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

XPAR:EDEN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.19   Med: 27.34   Max: 35.02
Current: 19.76

During the past 13 years, Edenred SE's highest Cyclically Adjusted Price-to-FCF was 35.02. The lowest was 9.19. And the median was 27.34.

XPAR:EDEN's Cyclically Adjusted Price-to-FCF is ranked worse than
73.53% of 102 companies
in the Credit Services industry
Industry Median: 10.075 vs XPAR:EDEN: 19.76

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.

Edenred SE's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €3.259. 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 €2.21 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Edenred SE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Edenred SE'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.

Edenred SE Cyclically Adjusted Price-to-FCF Chart

Edenred SE 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 32.13 29.58 24.18 25.64 24.47

Edenred SE 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 24.18 - 25.64 - 24.47

Competitive Comparison of Edenred SE's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, Edenred SE'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.


Edenred SE's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Edenred SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Edenred SE 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=44.95/2.21
=20.34

* 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.

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

For example, Edenred SE'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)
=3.259/118.2300*118.2300
=3.259

Current CPI (Dec23) = 118.2300.

Edenred SE Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.323 99.860 1.566
201512 1.209 100.040 1.429
201612 1.525 100.650 1.791
201712 1.764 101.850 2.048
201812 1.825 103.470 2.085
201912 1.514 104.980 1.705
202012 2.502 104.960 2.818
202112 1.863 107.850 2.042
202212 3.261 114.160 3.377
202312 3.259 118.230 3.259

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.


Edenred SE  (XPAR:EDEN) 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.


Edenred SE Cyclically Adjusted Price-to-FCF Related Terms

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


Edenred SE (XPAR:EDEN) Business Description

Industry
Traded in Other Exchanges
Address
14-16 Boulevard Garibaldi, Issy-les-Moulineaux, Paris, FRA, 92130
Edenred is a France-listed prepaid corporate services provider operating in more than 40 countries. The company was listed in 2010 following a spinoff from hotel group Accor. Edenred's main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas such as prepaid fuel cards and payment and expense-management systems.