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A10 Networks (A10 Networks) Cyclically Adjusted Price-to-FCF : 58.08 (As of May. 24, 2024)


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What is A10 Networks Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), A10 Networks's current share price is $15.10. A10 Networks's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.26. A10 Networks's Cyclically Adjusted Price-to-FCF for today is 58.08.

The historical rank and industry rank for A10 Networks's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ATEN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.77   Med: 136.64   Max: 1904
Current: 59.28

During the past years, A10 Networks's highest Cyclically Adjusted Price-to-FCF was 1904.00. The lowest was 49.77. And the median was 136.64.

ATEN's Cyclically Adjusted Price-to-FCF is ranked worse than
70.43% of 656 companies
in the Software industry
Industry Median: 29.52 vs ATEN: 59.28

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.

A10 Networks's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.392. 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 $0.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


A10 Networks Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for A10 Networks'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.

A10 Networks Cyclically Adjusted Price-to-FCF Chart

A10 Networks 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 - - - 409.95 78.70

A10 Networks 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 247.37 135.85 95.06 78.70 53.29

Competitive Comparison of A10 Networks's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, A10 Networks'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.


A10 Networks's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, A10 Networks's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where A10 Networks's Cyclically Adjusted Price-to-FCF falls into.



A10 Networks 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.

A10 Networks's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.10/0.26
=58.08

* 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.

A10 Networks's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, A10 Networks'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)
=0.392/131.7762*131.7762
=0.392

Current CPI (Mar. 2024) = 131.7762.

A10 Networks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.143 100.560 -0.187
201409 -0.090 100.428 -0.118
201412 -0.290 99.070 -0.386
201503 -0.104 99.621 -0.138
201506 0.130 100.684 0.170
201509 0.054 100.392 0.071
201512 -0.081 99.792 -0.107
201603 0.141 100.470 0.185
201606 0.117 101.688 0.152
201609 -0.009 101.861 -0.012
201612 -0.055 101.863 -0.071
201703 -0.002 102.862 -0.003
201706 0.178 103.349 0.227
201709 -0.091 104.136 -0.115
201712 0.039 104.011 0.049
201803 -0.021 105.290 -0.026
201806 -0.033 106.317 -0.041
201809 -0.054 106.507 -0.067
201812 0.031 105.998 0.039
201903 -0.093 107.251 -0.114
201906 -0.078 108.070 -0.095
201909 0.038 108.329 0.046
201912 0.066 108.420 0.080
202003 0.145 108.902 0.175
202006 0.122 108.767 0.148
202009 0.185 109.815 0.222
202012 0.198 109.897 0.237
202103 0.019 111.754 0.022
202106 0.195 114.631 0.224
202109 0.261 115.734 0.297
202112 0.088 117.630 0.099
202203 0.161 121.301 0.175
202206 0.089 125.017 0.094
202209 0.139 125.227 0.146
202212 0.328 125.222 0.345
202303 -0.047 127.348 -0.049
202306 0.228 128.729 0.233
202309 0.269 129.860 0.273
202312 -0.005 129.419 -0.005
202403 0.392 131.776 0.392

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.


A10 Networks  (NYSE:ATEN) 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.


A10 Networks Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of A10 Networks's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


A10 Networks (A10 Networks) Business Description

Industry
Traded in Other Exchanges
Address
2300 Orchard Parkway, San Jose, CA, USA, 95131
A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.
Executives
Dhrupad Trivedi officer: Chief Executive Officer 1 N. BRENTWOOD BLVD., SUITE 1599, SAINT LOUIS MO 63105
Matthew P Bruening officer: EVP, Worldwide Sales & Mktg 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Karen S. Thomas officer: EVP, Worldwide Sales and Mkt 2300 ORCHARD PARKWAY, SAN JOSE CA 95125
Brian Becker officer: Interim CFO 230 HOWES DRIVE, LOS GATOS CA 95032
Robert Scott Weber officer: General Counsel 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Peter Y Chung director, other: Indirect GP of 10% Owner C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLR, BOSTON MA 02116
Viex Opportunities Fund, Lp Series One other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Robert D Cochran director, officer: VP, Legal & Corp Collaboration 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Dana Elizabeth Wolf director 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Viex Opportunities Fund, Lp - Series Two other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Summit Partners L P other: Manager of GP of 10% Owner 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Mary Dotz director 280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Gunter Reiss officer: VP Worldwide Mktg & Bus Dev 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Thomas Constantino officer: EVP, Chief Financial Officer 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Lee Chen director, 10 percent owner, officer: CEO and President C/O A10 NETWORKS, INC, 2300 ORCHARD PARK, SAN JOSE CA 95131