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Autodesk (MIL:1ADSK) Cyclically Adjusted FCF per Share : €4.15 (As of Jan. 2024)


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What is Autodesk 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.

Autodesk's adjusted free cash flow per share for the three months ended in Jan. 2024 was €1.794. 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 €4.15 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Autodesk's average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 21.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% 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 Autodesk was 24.00% per year. The lowest was -9.30% per year. And the median was 8.95% per year.

As of today (2024-05-23), Autodesk's current stock price is €203.75. Autodesk's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €4.15. Autodesk's Cyclically Adjusted Price-to-FCF of today is 49.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Autodesk was 133.83. The lowest was 16.48. And the median was 54.99.


Autodesk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Autodesk'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.

Autodesk Cyclically Adjusted FCF per Share Chart

Autodesk Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.15

Autodesk Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 - - - - 4.15

Competitive Comparison of Autodesk's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Autodesk'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.


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

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

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



Autodesk 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, Autodesk'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)
=1.794/130.1244*130.1244
=1.794

Current CPI (Jan. 2024) = 130.1244.

Autodesk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.638 100.023 0.830
201407 0.252 100.520 0.326
201410 0.367 100.176 0.477
201501 0.892 98.604 1.177
201504 0.295 99.824 0.385
201507 0.240 100.691 0.310
201510 0.271 100.346 0.351
201601 0.571 99.957 0.743
201604 0.558 100.947 0.719
201607 -0.155 101.524 -0.199
201610 -0.060 101.988 -0.077
201701 0.020 102.456 0.025
201704 0.155 103.167 0.196
201707 -0.357 103.278 -0.450
201710 -0.248 104.070 -0.310
201801 0.254 104.578 0.316
201804 -0.125 105.708 -0.154
201807 0.091 106.324 0.111
201810 0.105 106.695 0.128
201901 1.173 106.200 1.437
201904 0.837 107.818 1.010
201907 0.820 108.250 0.986
201910 1.087 108.577 1.303
202001 2.756 108.841 3.295
202004 1.263 108.173 1.519
202007 0.247 109.318 0.294
202010 1.301 109.861 1.541
202101 2.347 110.364 2.767
202104 1.186 112.673 1.370
202107 0.682 115.183 0.770
202110 0.990 116.696 1.104
202201 2.847 118.619 3.123
202204 1.767 121.978 1.885
202207 1.105 125.002 1.150
202210 2.147 125.734 2.222
202301 3.844 126.223 3.963
202304 2.989 127.992 3.039
202307 0.521 128.974 0.526
202310 -0.009 129.810 -0.009
202401 1.794 130.124 1.794

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


Autodesk  (MIL:1ADSK) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=203.75/4.15
=49.10

* 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 Autodesk was 133.83. The lowest was 16.48. And the median was 54.99.


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.


Autodesk Cyclically Adjusted FCF per Share Related Terms

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


Autodesk (MIL:1ADSK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Autodesk Inc (MIL:1ADSK) » Definitions » Cyclically Adjusted FCF per Share
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One Market Street, Suite 400, San Francisco, CA, USA, 94105
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.

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