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

SPS Commerce (SPS Commerce) Cyclically Adjusted Price-to-FCF : 114.04 (As of May. 26, 2024)


View and export this data going back to 2010. Start your Free Trial

What is SPS Commerce Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), SPS Commerce's current share price is $193.86. SPS Commerce's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.70. SPS Commerce's Cyclically Adjusted Price-to-FCF for today is 114.04.

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

SPSC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 30.57   Med: 116.3   Max: 197.41
Current: 113.71

During the past years, SPS Commerce's highest Cyclically Adjusted Price-to-FCF was 197.41. The lowest was 30.57. And the median was 116.30.

SPSC's Cyclically Adjusted Price-to-FCF is ranked worse than
84.72% of 661 companies
in the Software industry
Industry Median: 29.5 vs SPSC: 113.71

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.

SPS Commerce's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.810. 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 $1.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SPS Commerce Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SPS Commerce'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.

SPS Commerce Cyclically Adjusted Price-to-FCF Chart

SPS Commerce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 109.00 155.34 142.76 98.46 120.89

SPS Commerce Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 112.94 133.56 110.99 120.89 108.45

Competitive Comparison of SPS Commerce's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, SPS Commerce'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.


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

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

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



SPS Commerce 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=193.86/1.7
=114.04

* 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.

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

For example, SPS Commerce'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)
=0.81/131.7762*131.7762
=0.810

Current CPI (Mar. 2024) = 131.7762.

SPS Commerce Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.026 100.560 0.034
201409 0.109 100.428 0.143
201412 0.059 99.070 0.078
201503 0.022 99.621 0.029
201506 -0.101 100.684 -0.132
201509 0.090 100.392 0.118
201512 0.156 99.792 0.206
201603 0.141 100.470 0.185
201606 0.027 101.688 0.035
201609 -0.039 101.861 -0.050
201612 0.183 101.863 0.237
201703 0.262 102.862 0.336
201706 0.157 103.349 0.200
201709 0.062 104.136 0.078
201712 0.204 104.011 0.258
201803 0.158 105.290 0.198
201806 0.293 106.317 0.363
201809 0.336 106.507 0.416
201812 0.383 105.998 0.476
201903 0.203 107.251 0.249
201906 0.472 108.070 0.576
201909 0.508 108.329 0.618
201912 0.433 108.420 0.526
202003 0.298 108.902 0.361
202006 0.491 108.767 0.595
202009 0.701 109.815 0.841
202012 0.496 109.897 0.595
202103 0.499 111.754 0.588
202106 0.750 114.631 0.862
202109 0.543 115.734 0.618
202112 0.735 117.630 0.823
202203 0.000 121.301 0.000
202206 0.776 125.017 0.818
202209 0.921 125.227 0.969
202212 0.475 125.222 0.500
202303 0.441 127.348 0.456
202306 0.789 128.729 0.808
202309 1.015 129.860 1.030
202312 0.757 129.419 0.771
202403 0.810 131.776 0.810

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.


SPS Commerce  (NAS:SPSC) 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.


SPS Commerce Cyclically Adjusted Price-to-FCF Related Terms

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


SPS Commerce (SPS Commerce) Business Description

Industry
Traded in Other Exchanges
Address
333 South Seventh Street, Suite 1000, Minneapolis, MN, USA, 55402
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.
Executives
Marty M Reaume director TWILIO INC, 375 BEALE STREET SUITE 300, SAN FRANCISCO CA 94105
Archie C. Black director, officer: President & CEO 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Philip Soran director 12982 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
Kimberly K. Nelson officer: EVP & CFO 2800 MOUNT RIDGE ROAD, ROSEVILLE MN 55113
Sven Wehrwein director
Chadwick Collins director, officer: Chief Executive Officer 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James J. Frome officer: EVP & Chief Strategy Officer 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James Burr Ramsey director C/O NETSUITE INC, 2955 CAMPUS DRIVE SUITE 100, SAN MATEO CA 94403
Anne Sempowski Ward director C/O VANDA PHARMACEUTICALS INC., 2200 PENNSYLVANIA AVENUE, SUITE 300E, WASHINGTON DC 20037
Martin J Leestma director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Michael A Smerklo director C/O SERVICESOURCE INTERNATIONAL, INC., 634 SECOND STREET, SAN FRANCISCO CA 94107
Michael J Mcconnell director P.O. BOX 6280, NEWPORT BEACH CA 92658
Melvin L Keating director 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Tami Reller director C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Spencer George H. Iii director, 10 percent owner C/O SEYEN CAPITAL, 150 NORTH WACKER DR., SUITE 660, CHICAGO IL 60606

SPS Commerce (SPS Commerce) Headlines

From GuruFocus

SPS Commerce to Present at the JMP Securities Technology Conference

By sperokesalga sperokesalga 02-28-2023

SPS Commerce Announces Date of Third Quarter 2022 Financial Results

By Value_Insider Value_Insider 10-13-2022

Insider Alert: An Insider Just Sold SPS Commerce Inc Shares

By GuruFocus Research GuruFocus Editor 01-28-2023