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ScanSource (FRA:SC3) Cyclically Adjusted FCF per Share : €2.36 (As of Mar. 2024)


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What is ScanSource 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.

ScanSource's adjusted free cash flow per share for the three months ended in Mar. 2024 was €5.705. 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 €2.36 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ScanSource's average Cyclically Adjusted FCF Growth Rate was 49.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -12.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.90% 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 ScanSource was 48.50% per year. The lowest was -12.40% per year. And the median was 17.70% per year.

As of today (2024-06-07), ScanSource's current stock price is €42.60. ScanSource's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.36. ScanSource's Cyclically Adjusted Price-to-FCF of today is 18.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ScanSource was 45.73. The lowest was 7.56. And the median was 22.03.


ScanSource Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ScanSource'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.

ScanSource Cyclically Adjusted FCF per Share Chart

ScanSource Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 1.88 2.16 2.01 1.33

ScanSource 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 1.56 1.33 1.51 1.84 2.36

Competitive Comparison of ScanSource's Cyclically Adjusted FCF per Share

For the Electronics & Computer Distribution subindustry, ScanSource'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.


ScanSource's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



ScanSource 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, ScanSource'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)
=5.705/131.7762*131.7762
=5.705

Current CPI (Mar. 2024) = 131.7762.

ScanSource Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.271 100.560 0.355
201409 -0.178 100.428 -0.234
201412 -0.473 99.070 -0.629
201503 0.984 99.621 1.302
201506 1.473 100.684 1.928
201509 -1.855 100.392 -2.435
201512 0.486 99.792 0.642
201603 2.044 100.470 2.681
201606 0.853 101.688 1.105
201609 0.148 101.861 0.191
201612 1.057 101.863 1.367
201703 1.532 102.862 1.963
201706 0.289 103.349 0.368
201709 -1.269 104.136 -1.606
201712 -1.708 104.011 -2.164
201803 2.502 105.290 3.131
201806 0.978 106.317 1.212
201809 0.157 106.507 0.194
201812 -2.126 105.998 -2.643
201903 0.757 107.251 0.930
201906 0.090 108.070 0.110
201909 0.946 108.329 1.151
201912 3.146 108.420 3.824
202003 -0.495 108.902 -0.599
202006 2.461 108.767 2.982
202009 3.451 109.815 4.141
202012 1.107 109.897 1.327
202103 -1.979 111.754 -2.334
202106 0.329 114.631 0.378
202109 -1.920 115.734 -2.186
202112 -0.683 117.630 -0.765
202203 1.019 121.301 1.107
202206 -3.038 125.017 -3.202
202209 -1.950 125.227 -2.052
202212 -1.128 125.222 -1.187
202303 1.929 127.348 1.996
202306 -0.560 128.729 -0.573
202309 3.395 129.860 3.445
202312 2.196 129.419 2.236
202403 5.705 131.776 5.705

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


ScanSource  (FRA:SC3) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=42.60/2.36
=18.05

* 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 ScanSource was 45.73. The lowest was 7.56. And the median was 22.03.


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.


ScanSource Cyclically Adjusted FCF per Share Related Terms

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


ScanSource (FRA:SC3) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ScanSource Inc (FRA:SC3) » Definitions » Cyclically Adjusted FCF per Share
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Address
6 Logue Court, Greenville, SC, USA, 29615
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.

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