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Barrett Business Services (FRA:BB1) Cyclically Adjusted FCF per Share : €7.52 (As of Mar. 2024)


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What is Barrett Business Services 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.

Barrett Business Services's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.868. 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 €7.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Barrett Business Services's average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% 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 Barrett Business Services was 41.50% per year. The lowest was -2.60% per year. And the median was 19.10% per year.

As of today (2024-05-22), Barrett Business Services's current stock price is €115.00. Barrett Business Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €7.52. Barrett Business Services's Cyclically Adjusted Price-to-FCF of today is 15.29.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Barrett Business Services was 39.55. The lowest was 3.70. And the median was 10.25.


Barrett Business Services Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Barrett Business Services'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.

Barrett Business Services Cyclically Adjusted FCF per Share Chart

Barrett Business Services 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 7.86 6.54 7.27 7.62 7.34

Barrett Business Services 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 6.97 7.06 7.36 7.34 7.52

Competitive Comparison of Barrett Business Services's Cyclically Adjusted FCF per Share

For the Staffing & Employment Services subindustry, Barrett Business Services'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.


Barrett Business Services's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



Barrett Business Services 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, Barrett Business Services'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)
=0.868/131.7762*131.7762
=0.868

Current CPI (Mar. 2024) = 131.7762.

Barrett Business Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.038 100.560 0.050
201409 2.527 100.428 3.316
201412 4.022 99.070 5.350
201503 0.628 99.621 0.831
201506 0.774 100.684 1.013
201509 4.621 100.392 6.066
201512 5.992 99.792 7.912
201603 -1.144 100.470 -1.500
201606 1.336 101.688 1.731
201609 6.036 101.861 7.809
201612 2.696 101.863 3.488
201703 -0.227 102.862 -0.291
201706 1.606 103.349 2.048
201709 5.133 104.136 6.495
201712 5.709 104.011 7.233
201803 -0.370 105.290 -0.463
201806 1.815 106.317 2.250
201809 3.310 106.507 4.095
201812 2.493 105.998 3.099
201903 3.462 107.251 4.254
201906 0.548 108.070 0.668
201909 1.898 108.329 2.309
201912 1.918 108.420 2.331
202003 -0.289 108.902 -0.350
202006 -13.670 108.767 -16.562
202009 3.779 109.815 4.535
202012 5.268 109.897 6.317
202103 -1.072 111.754 -1.264
202106 0.984 114.631 1.131
202109 -7.231 115.734 -8.233
202112 5.042 117.630 5.648
202203 -4.491 121.301 -4.879
202206 -1.155 125.017 -1.217
202209 4.437 125.227 4.669
202212 3.527 125.222 3.712
202303 -3.946 127.348 -4.083
202306 0.068 128.729 0.070
202309 4.259 129.860 4.322
202312 7.279 129.419 7.412
202403 0.868 131.776 0.868

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


Barrett Business Services  (FRA:BB1) 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.

Barrett Business Services's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=115.00/7.52
=15.29

* 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 Barrett Business Services was 39.55. The lowest was 3.70. And the median was 10.25.


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.


Barrett Business Services Cyclically Adjusted FCF per Share Related Terms

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


Barrett Business Services (FRA:BB1) Business Description

Traded in Other Exchanges
Address
8100 NE Parkway Drive, Suite 200, Vancouver, WA, USA, 98662
Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll taxes services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.

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