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Envestnet (Envestnet) Cyclically Adjusted FCF per Share : $1.46 (As of Dec. 2023)


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What is Envestnet 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.

Envestnet's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.854. 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 $1.46 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Envestnet's average Cyclically Adjusted FCF Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.20% 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 Envestnet was 19.10% per year. The lowest was 6.50% per year. And the median was 14.90% per year.

As of today (2024-04-27), Envestnet's current stock price is $62.15. Envestnet's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.46. Envestnet's Cyclically Adjusted Price-to-FCF of today is 42.57.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Envestnet was 91.16. The lowest was 24.34. And the median was 59.44.


Envestnet Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Envestnet'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.

Envestnet Cyclically Adjusted FCF per Share Chart

Envestnet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.21 1.47 1.44 1.46

Envestnet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.44 1.32 1.38 1.42 1.46

Competitive Comparison of Envestnet's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Envestnet'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.


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

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

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



Envestnet 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, Envestnet's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.854/129.4194*129.4194
=0.854

Current CPI (Dec. 2023) = 129.4194.

Envestnet Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.095 99.695 0.123
201406 0.216 100.560 0.278
201409 0.422 100.428 0.544
201412 0.525 99.070 0.686
201503 -0.159 99.621 -0.207
201506 0.092 100.684 0.118
201509 0.470 100.392 0.606
201512 0.297 99.792 0.385
201603 0.243 100.470 0.313
201606 0.186 101.688 0.237
201609 0.421 101.861 0.535
201612 0.563 101.863 0.715
201703 0.059 102.862 0.074
201706 0.406 103.349 0.508
201709 0.687 104.136 0.854
201712 0.682 104.011 0.849
201803 -0.219 105.290 -0.269
201806 0.687 106.317 0.836
201809 0.586 106.507 0.712
201812 0.507 105.998 0.619
201903 -0.518 107.251 -0.625
201906 0.057 108.070 0.068
201909 0.845 108.329 1.010
201912 0.622 108.420 0.742
202003 -0.089 108.902 -0.106
202006 0.742 108.767 0.883
202009 0.857 109.815 1.010
202012 0.375 109.897 0.442
202103 0.036 111.754 0.042
202106 0.832 114.631 0.939
202109 0.527 115.734 0.589
202112 1.015 117.630 1.117
202203 -0.679 121.301 -0.724
202206 0.340 125.017 0.352
202209 0.089 125.227 0.092
202212 -0.199 125.222 -0.206
202303 -1.322 127.348 -1.344
202306 0.649 128.729 0.652
202309 0.257 129.860 0.256
202312 0.854 129.419 0.854

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


Envestnet  (NYSE:ENV) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=62.15/1.46
=42.57

* 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 Envestnet was 91.16. The lowest was 24.34. And the median was 59.44.


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.


Envestnet Cyclically Adjusted FCF per Share Related Terms

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


Envestnet (Envestnet) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Envestnet Inc (NYSE:ENV) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1000 Chesterbrook Boulevard, Suite 250, Berwyn, Pennsylvania, IL, USA, 60601
Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provide research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation, which is reported in the firm's data and analytics segment. In 2019, Envestnet acquired MoneyGuidePro to bolster its financial planning tools.
Executives
Barry D. Cooper officer: SVP, Head of Accounting Mgmt. 35 E. WACKER DRIVE, STE 2400, CHICAGO IL 60601
Barbara Turner director 5320 STONY RUN COURT, LIBERTY TOWNSHIP OH 45011
William Crager officer: President 489 FIFTH AVENUE, 26TH FLOOR, NEW YORK NY 10017
Matthew Majoros officer: Principal Accounting Officer 35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Shelly O'brien officer: General Counsel 35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Wendy E Lane director
Lauren Taylor Wolfe director 3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Impactive Capital Llc director 152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019
Impactive Capital Lp director 450 WEST 14 STREET, 12TH FLOOR, NEW YORK CITY NY 10014
Christian Asmar director 152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Stuart Depina officer: President* 11755 WILSHIRE BLVD., 20TH FLOOR, LOS ANGELES CA 90025
Anil Arora director C/O YODLEE, INC., 3600 BRIDGE PARKWAY, 2ND FLOOR, REDWOOD CITY CA 94065
Brandon Thomas officer: Chief Investment Officer 35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Joshua Mayer officer: Chief Operating Officer 35 EAST WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Scott D Grinis officer: Chief Technology Officer 150 MATHILDA PLACE, SUITE 306, SUNNYVALE CA 94086