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DLH Holdings (DLH Holdings) Cyclically Adjusted FCF per Share : $1.31 (As of Mar. 2024)


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What is DLH Holdings Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

DLH Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.330. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DLH Holdings's average Cyclically Adjusted FCF Growth Rate was 23.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 36.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 68.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of DLH Holdings was 180.20% per year. The lowest was -27.20% per year. And the median was 23.70% per year.

As of today (2024-05-26), DLH Holdings's current stock price is $10.53. DLH Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.31. DLH Holdings's Cyclically Adjusted Price-to-FCF of today is 8.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DLH Holdings was 327.00. The lowest was 8.04. And the median was 19.60.


DLH Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DLH Holdings's Cyclically Adjusted FCF per Share 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.

DLH Holdings Cyclically Adjusted FCF per Share Chart

DLH Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.48 0.87 1.00 1.23

DLH Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 1.06 1.13 1.23 1.26 1.31

Competitive Comparison of DLH Holdings's Cyclically Adjusted FCF per Share

For the Specialty Business Services subindustry, DLH Holdings'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.


DLH Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



DLH Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.33/131.7762*131.7762
=0.330

Current CPI (Mar. 2024) = 131.7762.

DLH Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.130 100.560 0.170
201409 0.012 100.428 0.016
201412 -0.014 99.070 -0.019
201503 0.065 99.621 0.086
201506 0.052 100.684 0.068
201509 0.085 100.392 0.112
201512 0.048 99.792 0.063
201603 0.090 100.470 0.118
201606 0.132 101.688 0.171
201609 0.213 101.861 0.276
201612 0.020 101.863 0.026
201703 0.122 102.862 0.156
201706 0.191 103.349 0.244
201709 0.105 104.136 0.133
201712 -0.065 104.011 -0.082
201803 0.324 105.290 0.406
201806 0.312 106.317 0.387
201809 0.466 106.507 0.577
201812 -0.135 105.998 -0.168
201903 0.652 107.251 0.801
201906 0.334 108.070 0.407
201909 0.529 108.329 0.643
201912 -0.234 108.420 -0.284
202003 0.274 108.902 0.332
202006 0.759 108.767 0.920
202009 0.659 109.815 0.791
202012 -0.637 109.897 -0.764
202103 1.079 111.754 1.272
202106 0.679 114.631 0.781
202109 2.275 115.734 2.590
202112 -1.130 117.630 -1.266
202203 0.093 121.301 0.101
202206 0.706 125.017 0.744
202209 0.426 125.227 0.448
202212 0.532 125.222 0.560
202303 -0.082 127.348 -0.085
202306 0.551 128.729 0.564
202309 1.106 129.860 1.122
202312 0.331 129.419 0.337
202403 0.330 131.776 0.330

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


DLH Holdings  (NAS:DLHC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

DLH Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.53/1.31
=8.04

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DLH Holdings was 327.00. The lowest was 8.04. And the median was 19.60.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


DLH Holdings Cyclically Adjusted FCF per Share Related Terms

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


DLH Holdings (DLH Holdings) Business Description

Industry
Traded in Other Exchanges
Address
3565 Piedmont Road, NE Building 3, Suite 700, Atlanta, GA, USA, 30305
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of Veteran Affairs. It is engaged in public health, performance evaluation, and health operations to solve the complex problems faced by civilian and military customers alike, leveraging digital transformation, artificial intelligence, analytics, cloud-based applications, and telehealth systems.
Executives
Wynnefield Partners Small Cap Value Lp 10 percent owner 450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Judith L Bjornaas director 12015 LEE JACKSON MEMORIAL HWY., MANTECH INTERNATIONAL CORPORATION, FAIRFAX VA 22033
Jacqueline S. Everett officer: Chief Growth Officer 4602 QUARTZ ROCK CT., CHANTILLY VA 20151
Frederick Gerald Wasserman director 4 NOBADEER DRIVE, PENNINGTON NJ 08534
Galeel Maliek Ferebee officer: Chief Human Resources Officer 2659 WINTER MORNING WAY, OLNEY MD 20832
Kathryn M. Johnbull officer: Chief Financial Officer 1776 PEACHTREE STREET, NW, SUITE 300S, ATLANTA GA 30309
Stephen Zelkowicz director C/O SUMMER INFANT, INC., 1275 PARK EAST DRIVE, WOONSOCKET RI 02895
Zachary Parker director, officer: CEO and President TEAMSTAFF, INC., 1 EXECUTIVE DRIVE, SUITE 130, SOMERSET NJ 08873
James P Allen director C/O GRC INTERNATIONAL INC, 1900 GALLOWS RD, VIENNA VA 22182
Jeanine M. Christian officer: Pres. Social&Scientific Sys 523 PICCADILLY ROAD, TOWNSON MD 21204
Kevin Wilson officer: President, DLH Solutions 3525 HIGHWAY 81 S., TEAMSTAFF GOVERNMENT SOLUTIONS, INC., LOGANVILLE GA 30052
Wynnefield Capital, Inc. Profit Sharing Plan 10 percent owner 450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes 10 percent owner
Nelson Obus 10 percent owner
Martin J Delaney director 37 OVERLOOK TRAIL, NEWARK NJ 07950