GURUFOCUS.COM » STOCK LIST » Technology » Software » Synopsys Inc (NAS:SNPS) » Definitions » Cyclically Adjusted Price-to-FCF

Synopsys (Synopsys) Cyclically Adjusted Price-to-FCF : 97.51 (As of May. 15, 2024)


View and export this data going back to 1992. Start your Free Trial

What is Synopsys Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Synopsys's current share price is $582.13. Synopsys's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $5.97. Synopsys's Cyclically Adjusted Price-to-FCF for today is 97.51.

The historical rank and industry rank for Synopsys's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SNPS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.64   Med: 33.67   Max: 99.53
Current: 93.72

During the past years, Synopsys's highest Cyclically Adjusted Price-to-FCF was 99.53. The lowest was 16.64. And the median was 33.67.

SNPS's Cyclically Adjusted Price-to-FCF is ranked worse than
82.84% of 676 companies
in the Software industry
Industry Median: 28.855 vs SNPS: 93.72

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.

Synopsys's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $-0.825. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $5.97 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Synopsys Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Synopsys'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.

Synopsys Cyclically Adjusted Price-to-FCF Chart

Synopsys Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.52 63.08 79.40 56.27 78.29

Synopsys Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Price-to-FCF 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 66.07 64.53 76.23 78.29 89.32

Competitive Comparison of Synopsys's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Synopsys'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.


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

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

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



Synopsys 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.

Synopsys's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=582.13/5.97
=97.51

* 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.

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

For example, Synopsys'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)
=-0.825/129.4194*129.4194
=-0.825

Current CPI (Jan. 2024) = 129.4194.

Synopsys Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.612 100.023 0.792
201407 1.973 100.520 2.540
201410 0.798 100.176 1.031
201501 -0.686 98.604 -0.900
201504 0.824 99.824 1.068
201507 1.579 100.691 2.030
201510 0.833 100.346 1.074
201601 -0.331 99.957 -0.429
201604 1.345 100.947 1.724
201607 1.504 101.524 1.917
201610 0.825 101.988 1.047
201701 0.179 102.456 0.226
201704 0.703 103.167 0.882
201707 1.679 103.278 2.104
201710 1.048 104.070 1.303
201801 -0.590 104.578 -0.730
201804 0.275 105.708 0.337
201807 1.745 106.324 2.124
201810 0.663 106.695 0.804
201901 -1.138 106.200 -1.387
201904 2.028 107.818 2.434
201907 2.046 108.250 2.446
201910 0.924 108.577 1.101
202001 -0.297 108.841 -0.353
202004 2.285 108.173 2.734
202007 2.301 109.318 2.724
202010 1.057 109.861 1.245
202101 0.923 110.364 1.082
202104 3.246 112.673 3.728
202107 2.540 115.183 2.854
202110 2.174 116.696 2.411
202201 0.722 118.619 0.788
202204 4.635 121.978 4.918
202207 2.588 125.002 2.679
202210 2.299 125.734 2.366
202301 0.455 126.223 0.467
202304 4.230 127.992 4.277
202307 3.313 128.974 3.324
202310 1.756 129.810 1.751
202401 -0.825 129.419 -0.825

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.


Synopsys  (NAS:SNPS) 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.


Synopsys Cyclically Adjusted Price-to-FCF Related Terms

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


Synopsys (Synopsys) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Synopsys Inc (NAS:SNPS) » Definitions » Cyclically Adjusted Price-to-FCF
Address
675 Almanor Avenue, Sunnyvale, CA, USA, 94085
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Executives
Mercedes Johnson director MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Richard S. Mahoney officer: Chief Revenue Officer 2600 ANSYS DRIVE, CANONSBURG PA 15317
Runkel John F Jr officer: General Counsel & C/O INTUITIVE SURGICAL, INC., 1266 KIFER ROAD, SUNNYVALE CA 94086
Sudhindra Kankanwadi officer: VP and Corporate Controller 690 E MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Robert G Painter director C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
Geus Aart De director, officer: Chairman of the Board & Co-CEO
Sassine Ghazi officer: Chief Operating Officer 3075 W RAY ROAD, SUITE 528, THE PARK AT SAN TAN, CHANDLER AZ 85226
Shelagh Glaser officer: CFO ZENDESK, INC., 989 MARKET STREET, SAN FRANCISCO CA 94103
Roy Vallee director 2211 S 47TH ST, PHOENIX AZ 85034
Joseph W Logan officer: EVP, Sales & Corp Marketing 700 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Chrysostomos L Nikias director UNIVERSITY OF SOUTHERN CALIFORNIA, 3551 TROUSEDALE, BOVARD ADM 102, LOS ANGELES CA 90089-4019
Trac Pham officer: CFO 700 E. MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Luis Borgen director 58 SUNSET RIDGE LANE, BOLTON MA 01740
Marc N Casper director C/O THERMO FISHER SCIENTIFIC, 168 THIRD AVENUE, WALTHAM MA 02451
Chi-foon Chan director, officer: Co-CEO & President