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Adecco Group AG (Adecco Group AG) Cyclically Adjusted Price-to-FCF : 7.32 (As of Apr. 27, 2024)


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What is Adecco Group AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Adecco Group AG's current share price is $17.3506. Adecco Group AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.37. Adecco Group AG's Cyclically Adjusted Price-to-FCF for today is 7.32.

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

AHEXY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.68   Med: 14.75   Max: 20.01
Current: 7.85

During the past years, Adecco Group AG's highest Cyclically Adjusted Price-to-FCF was 20.01. The lowest was 6.68. And the median was 14.75.

AHEXY's Cyclically Adjusted Price-to-FCF is ranked better than
78.43% of 357 companies
in the Business Services industry
Industry Median: 17.48 vs AHEXY: 7.85

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.

Adecco Group AG's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.762. 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 $2.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adecco Group AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Adecco Group AG'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.

Adecco Group AG Cyclically Adjusted Price-to-FCF Chart

Adecco Group AG 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 16.32 15.32 11.53 7.58 10.41

Adecco Group AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.58 8.25 7.23 9.45 10.41

Competitive Comparison of Adecco Group AG's Cyclically Adjusted Price-to-FCF

For the Staffing & Employment Services subindustry, Adecco Group AG'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.


Adecco Group AG's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adecco Group AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Adecco Group AG 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.

Adecco Group AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.3506/2.37
=7.32

* 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.

Adecco Group AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Adecco Group AG'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)
=0.762/106.4611*106.4611
=0.762

Current CPI (Dec. 2023) = 106.4611.

Adecco Group AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.333 101.224 0.350
201406 0.428 101.517 0.449
201409 0.908 101.247 0.955
201412 0.916 100.704 0.968
201503 0.106 100.339 0.112
201506 0.420 100.464 0.445
201509 0.872 99.785 0.930
201512 0.856 99.386 0.917
201603 -0.183 99.475 -0.196
201606 0.527 100.088 0.561
201609 0.655 99.604 0.700
201612 0.973 99.380 1.042
201703 0.311 100.040 0.331
201706 0.701 100.285 0.744
201709 0.569 100.254 0.604
201712 0.584 100.213 0.620
201803 -0.071 100.836 -0.075
201806 0.919 101.435 0.965
201809 0.457 101.246 0.481
201812 0.679 100.906 0.716
201903 0.461 101.571 0.483
201906 0.400 102.044 0.417
201909 0.465 101.396 0.488
201912 1.159 101.063 1.221
202003 0.102 101.048 0.107
202006 1.082 100.743 1.143
202009 0.401 100.585 0.424
202012 0.421 100.241 0.447
202103 0.327 100.800 0.345
202106 0.313 101.352 0.329
202109 0.717 101.533 0.752
202112 0.751 101.776 0.786
202203 0.056 103.205 0.058
202206 -0.414 104.783 -0.421
202209 0.145 104.835 0.147
202212 1.244 104.666 1.265
202303 -0.527 106.245 -0.528
202306 0.090 106.576 0.090
202309 0.790 106.570 0.789
202312 0.762 106.461 0.762

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.


Adecco Group AG  (OTCPK:AHEXY) 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.


Adecco Group AG Cyclically Adjusted Price-to-FCF Related Terms

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Adecco Group AG (Adecco Group AG) Business Description

Traded in Other Exchanges
Address
Bellerivestrasse 30, Zurich, CHE, CH-8008
Adecco Group AG is a provider of human capital solutions including Flexible placement, Permanent placement, Career Transition, Outsourcing, Consulting Services in engineering, Digital and IT, Talent services, Training, Up/ Re-skilling and Other services. It is organised into three business units Adecco, Akkodis and LHH. The company provides services to businesses and organisations located throughout Europe, North America, Asia Pacific, South America, and North Africa.