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TXT e-solutions SpA (FRA:TXE) Cyclically Adjusted FCF per Share : €0.40 (As of Mar. 2024)


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What is TXT e-solutions SpA 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.

TXT e-solutions SpA's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.337. 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 €0.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TXT e-solutions SpA's average Cyclically Adjusted FCF Growth Rate was -19.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% 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 TXT e-solutions SpA was 11.30% per year. The lowest was 5.80% per year. And the median was 8.55% per year.

As of today (2024-06-06), TXT e-solutions SpA's current stock price is €23.30. TXT e-solutions SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.40. TXT e-solutions SpA's Cyclically Adjusted Price-to-FCF of today is 58.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TXT e-solutions SpA was 96.73. The lowest was 13.16. And the median was 31.77.


TXT e-solutions SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TXT e-solutions SpA'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.

TXT e-solutions SpA Cyclically Adjusted FCF per Share Chart

TXT e-solutions SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.29 - 0.44 0.39

TXT e-solutions SpA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 0.51 0.43 0.40 0.39 0.40

Competitive Comparison of TXT e-solutions SpA's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, TXT e-solutions SpA'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.


TXT e-solutions SpA's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

* The bar in red indicates where TXT e-solutions SpA's Cyclically Adjusted Price-to-FCF falls into.



TXT e-solutions SpA 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, TXT e-solutions SpA'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)
=0.337/120.2000*120.2000
=0.337

Current CPI (Mar. 2024) = 120.2000.

TXT e-solutions SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.219 99.907 0.263
201406 -0.151 100.093 -0.181
201409 0.056 99.814 0.067
201412 0.164 99.721 0.198
201503 0.048 99.814 0.058
201506 0.038 100.279 0.046
201509 0.003 100.000 0.004
201512 -0.086 99.814 -0.104
201603 0.499 99.600 0.602
201606 -0.281 99.900 -0.338
201609 0.207 100.100 0.249
201612 0.264 100.300 0.316
201703 0.309 101.000 0.368
201706 0.001 101.100 0.001
201709 -0.204 101.200 -0.242
201712 -0.141 101.200 -0.167
201803 0.358 101.800 0.423
201806 0.205 102.400 0.241
201809 -0.181 102.600 -0.212
201812 -0.305 102.300 -0.358
201903 0.041 102.800 0.048
201906 -0.283 103.100 -0.330
201909 -0.086 102.900 -0.100
201912 0.140 102.800 0.164
202003 0.159 102.900 0.186
202006 -0.135 102.900 -0.158
202009 -0.302 102.300 -0.355
202012 0.076 102.600 0.089
202103 -0.872 103.700 -1.011
202106 1.468 104.200 1.693
202112 0.000 106.600 0.000
202203 0.927 110.400 1.009
202206 -0.064 112.500 -0.068
202209 0.078 114.200 0.082
202212 0.438 119.000 0.442
202303 1.571 118.800 1.590
202306 -0.291 119.700 -0.292
202309 -0.430 120.300 -0.430
202312 -0.159 119.700 -0.160
202403 0.337 120.200 0.337

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


TXT e-solutions SpA  (FRA:TXE) 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.

TXT e-solutions SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.30/0.4
=58.25

* 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 TXT e-solutions SpA was 96.73. The lowest was 13.16. And the median was 31.77.


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.


TXT e-solutions SpA Cyclically Adjusted FCF per Share Related Terms

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


TXT e-solutions SpA (FRA:TXE) Business Description

Industry
Traded in Other Exchanges
Address
Via Milano, No. 150, Cologno Monzese, Milan, ITA, 20093
TXT e-solutions SpA is an Italy-based company. The company provides software and service solutions. Its products are used in the information technology sector (IT). The company business units include aerospace and aviation and Fintech. It generates maximum revenue from Aerospace, A&A segment. Geographically, it has a presence in Italy, Germany, the United Kingdom, France, Switzerland, and the USA.

TXT e-solutions SpA (FRA:TXE) Headlines

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