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Radware (Radware) Cyclically Adjusted FCF per Share : $0.82 (As of Mar. 2024)


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What is Radware 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.

Radware's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.463. 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 $0.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Radware's average Cyclically Adjusted FCF Growth Rate was -3.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.90% 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 Radware was 12.20% per year. The lowest was -1.70% per year. And the median was 7.35% per year.

As of today (2024-06-08), Radware's current stock price is $18.56. Radware's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.82. Radware's Cyclically Adjusted Price-to-FCF of today is 22.63.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Radware was 47.63. The lowest was 18.61. And the median was 30.51.


Radware Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Radware'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.

Radware Cyclically Adjusted FCF per Share Chart

Radware 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 0.74 0.82 0.96 0.87 0.78

Radware Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.85 0.84 0.80 0.78 0.82

Competitive Comparison of Radware's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, Radware'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.


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

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

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



Radware 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, Radware'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)
=0.463/131.7762*131.7762
=0.463

Current CPI (Mar. 2024) = 131.7762.

Radware Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.185 99.621 0.245
201506 0.213 100.684 0.279
201509 -0.134 100.392 -0.176
201512 0.278 99.792 0.367
201603 0.139 100.470 0.182
201606 0.112 101.688 0.145
201609 -0.088 101.861 -0.114
201612 0.504 101.863 0.652
201703 0.102 102.862 0.131
201706 0.203 103.349 0.259
201709 0.105 104.136 0.133
201712 0.145 104.011 0.184
201803 0.225 105.290 0.282
201806 0.029 106.317 0.036
201809 0.149 106.507 0.184
201812 0.464 105.998 0.577
201903 0.462 107.251 0.568
201906 0.056 108.070 0.068
201909 0.381 108.329 0.463
201912 0.041 108.420 0.050
202003 0.384 108.902 0.465
202006 0.324 108.767 0.393
202009 0.108 109.815 0.130
202012 0.339 109.897 0.406
202103 0.312 111.754 0.368
202106 0.162 114.631 0.186
202109 0.345 115.734 0.393
202112 0.572 117.630 0.641
202203 -0.904 121.301 -0.982
202206 0.637 125.017 0.671
202209 -0.023 125.227 -0.024
202212 0.175 125.222 0.184
202303 -0.068 127.348 -0.070
202306 0.075 128.729 0.077
202309 -0.258 129.860 -0.262
202312 0.041 129.419 0.042
202403 0.463 131.776 0.463

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


Radware  (NAS:RDWR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.56/0.82
=22.63

* 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 Radware was 47.63. The lowest was 18.61. And the median was 30.51.


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.


Radware Cyclically Adjusted FCF per Share Related Terms

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


Radware (Radware) Business Description

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Radware Ltd develops and sells a broad portfolio of network products including physical and virtual application delivery controllers, web application firewalls, intrusion prevention systems, and other security products geared toward large enterprise and service provider segments. It offers an infrastructure that supports our DDoS scrubbing center services, WAF and bot management cloud-based services. In addition, It provides other services through the cloud, such as Cloud Workload Protect and Content Delivery Network.