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Asseco Poland (WAR:ACP) Cyclically Adjusted Price-to-FCF : 4.84 (As of Jun. 10, 2024)


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What is Asseco Poland Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Asseco Poland's current share price is zł83.70. Asseco Poland's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł17.30. Asseco Poland's Cyclically Adjusted Price-to-FCF for today is 4.84.

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

WAR:ACP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.19   Med: 7.19   Max: 9.6
Current: 4.84

During the past years, Asseco Poland's highest Cyclically Adjusted Price-to-FCF was 9.60. The lowest was 4.19. And the median was 7.19.

WAR:ACP's Cyclically Adjusted Price-to-FCF is ranked better than
94.58% of 683 companies
in the Software industry
Industry Median: 28.4 vs WAR:ACP: 4.84

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.

Asseco Poland's adjusted free cash flow per share data for the three months ended in Mar. 2024 was zł4.030. 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 zł17.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asseco Poland Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asseco Poland'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.

Asseco Poland Cyclically Adjusted Price-to-FCF Chart

Asseco Poland 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 8.05 7.39 7.77 5.21 4.36

Asseco Poland 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 5.21 5.60 4.65 4.36 4.48

Competitive Comparison of Asseco Poland's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Asseco Poland'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.


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

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

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



Asseco Poland 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=83.70/17.3
=4.84

* 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.

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

For example, Asseco Poland'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)
=4.03/149.0435*149.0435
=4.030

Current CPI (Mar. 2024) = 149.0435.

Asseco Poland Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.248 101.180 3.311
201409 0.646 100.611 0.957
201412 2.773 100.122 4.128
201503 1.922 100.041 2.863
201506 0.555 100.448 0.824
201509 1.845 99.634 2.760
201512 3.561 99.471 5.336
201603 2.012 98.983 3.030
201606 0.279 99.552 0.418
201609 2.561 99.064 3.853
201612 3.253 100.366 4.831
201703 0.701 101.018 1.034
201706 1.061 101.180 1.563
201709 -0.411 101.343 -0.604
201712 4.257 102.564 6.186
201803 1.100 102.564 1.598
201806 1.519 103.378 2.190
201809 1.170 103.378 1.687
201812 5.372 103.785 7.715
201903 2.723 104.274 3.892
201906 0.745 105.983 1.048
201909 3.164 105.983 4.450
201912 7.605 107.123 10.581
202003 2.905 109.076 3.969
202006 4.258 109.402 5.801
202009 3.570 109.320 4.867
202012 9.107 109.565 12.388
202103 0.246 112.658 0.325
202106 3.808 113.960 4.980
202109 3.460 115.588 4.461
202112 8.082 119.088 10.115
202203 3.314 125.031 3.950
202206 -2.663 131.705 -3.014
202209 7.912 135.531 8.701
202212 8.616 139.113 9.231
202303 2.510 145.950 2.563
202306 -2.296 147.009 -2.328
202309 11.961 146.113 12.201
202312 16.974 147.741 17.124
202403 4.030 149.044 4.030

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.


Asseco Poland  (WAR:ACP) 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.


Asseco Poland Cyclically Adjusted Price-to-FCF Related Terms

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


Asseco Poland (WAR:ACP) Business Description

Industry
Traded in Other Exchanges
Address
14 Olchowa Street, Rzeszow, POL, 35-322
Asseco Poland SA is the Polish subsidiary of the multinational Asseco Group, which has a presence in Europe and Israel. The firm develops sector-specific software for banking and finance, and executes large IT projects for healthcare, insurance, and other sectors in public administration. Asseco's flagship product for the banking sector is the comprehensive IT suite def3000, used by financial institutions in Poland. The firm also provides IT consulting, systems integration, and implementation services for large and midsize industrial enterprises. A large majority of the firm's revenue is generated through proprietary software licenses from Polish institutions.