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MicroStrategy (MicroStrategy) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is MicroStrategy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


MicroStrategy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MicroStrategy'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.

MicroStrategy Cyclically Adjusted Price-to-FCF Chart

MicroStrategy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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MicroStrategy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of MicroStrategy's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, MicroStrategy'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.


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

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

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



MicroStrategy 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.

MicroStrategy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MicroStrategy'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)
=-93.769/131.7762*131.7762
=-93.769

Current CPI (Mar. 2024) = 131.7762.

MicroStrategy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.096 100.560 0.126
201409 -0.706 100.428 -0.926
201412 -0.730 99.070 -0.971
201503 4.274 99.621 5.654
201506 2.626 100.684 3.437
201509 2.702 100.392 3.547
201512 2.253 99.792 2.975
201603 4.411 100.470 5.785
201606 1.300 101.688 1.685
201609 2.332 101.861 3.017
201612 1.365 101.863 1.766
201703 2.217 102.862 2.840
201706 0.858 103.349 1.094
201709 0.987 104.136 1.249
201712 2.380 104.011 3.015
201803 1.517 105.290 1.899
201806 0.284 106.317 0.352
201809 -0.164 106.507 -0.203
201812 -1.347 105.998 -1.675
201903 1.980 107.251 2.433
201906 1.971 108.070 2.403
201909 0.211 108.329 0.257
201912 0.752 108.420 0.914
202003 2.832 108.902 3.427
202006 -0.313 108.767 -0.379
202009 -44.012 109.815 -52.814
202012 -72.001 109.897 -86.336
202103 -106.159 111.754 -125.178
202106 -52.961 114.631 -60.882
202109 -40.653 115.734 -46.288
202112 -55.085 117.630 -61.710
202203 -15.277 121.301 -16.596
202206 -2.805 125.017 -2.957
202209 -0.687 125.227 -0.723
202212 -6.611 125.222 -6.957
202303 -9.769 127.348 -10.109
202306 -22.747 128.729 -23.286
202309 -11.991 129.860 -12.168
202312 -53.392 129.419 -54.364
202403 -93.769 131.776 -93.769

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.


MicroStrategy  (NAS:MSTR) 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.


MicroStrategy Cyclically Adjusted Price-to-FCF Related Terms

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MicroStrategy (MicroStrategy) Business Description

Industry
Traded in Other Exchanges
Address
1850 Towers Crescent Plaza, Tysons Corner, VA, USA, 22182
MicroStrategy Inc is a provider of enterprise analytics and mobility software. It offers MicroStrategy Analytics platform that delivers reports and dashboards and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.
Executives
Michael J Saylor director, 10 percent owner, officer: Chairman and CEO MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Jarrod M Patten director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Wei-ming Shao officer: SEVP & General Counsel MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Phong Le officer: SEVP & CFO MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Jeanine Montgomery officer: Senior VP & CAO C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Carl J Rickertsen director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Timothy Edwin Lang officer: SEVP & CTO MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Leslie J Rechan director 2207 BRIDGEPOINTE PARKWAY, SAN MATEO CA 94404
Andrew Kang officer: SEVP & CFO 5565 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342
Kevin Adkisson officer: SEVP & CRO 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Stephen X Graham director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Lisa Mayr officer: SEVP & CFO C/O MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Robert H Epstein director 1850 TOWERS CRESCENT PLAZA, VIENNA VA 22182
Kevin Norlin officer: SEVP, Worldwide Sales MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Margaret Anne Breya director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182