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Pegasystems (Pegasystems) Cyclically Adjusted FCF per Share : $0.90 (As of Mar. 2024)


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What is Pegasystems 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.

Pegasystems's adjusted free cash flow per share for the three months ended in Mar. 2024 was $2.131. 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 $0.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pegasystems's average Cyclically Adjusted FCF Growth Rate was 38.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.10% 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 Pegasystems was 125.70% per year. The lowest was -5.30% per year. And the median was 12.05% per year.

As of today (2024-04-30), Pegasystems's current stock price is $60.965. Pegasystems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.90. Pegasystems's Cyclically Adjusted Price-to-FCF of today is 67.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pegasystems was 229.23. The lowest was 32.61. And the median was 69.98.


Pegasystems Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pegasystems'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.

Pegasystems Cyclically Adjusted FCF per Share Chart

Pegasystems 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 0.69 0.64 0.68 0.67 0.81

Pegasystems 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 0.65 0.71 0.72 0.81 0.90

Competitive Comparison of Pegasystems's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Pegasystems'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.


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

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

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



Pegasystems 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, Pegasystems'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)
=2.131/129.4194*129.4194
=2.131

Current CPI (Mar. 2024) = 129.4194.

Pegasystems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.007 100.560 -0.009
201409 0.272 100.428 0.351
201412 -0.008 99.070 -0.010
201503 0.309 99.621 0.401
201506 0.100 100.684 0.129
201509 0.163 100.392 0.210
201512 0.149 99.792 0.193
201603 0.073 100.470 0.094
201606 -0.072 101.688 -0.092
201609 0.066 101.861 0.084
201612 0.192 101.863 0.244
201703 0.396 102.862 0.498
201706 0.643 103.349 0.805
201709 0.338 104.136 0.420
201712 0.533 104.011 0.663
201803 0.670 105.290 0.824
201806 0.252 106.317 0.307
201809 -0.106 106.507 -0.129
201812 0.385 105.998 0.470
201903 0.253 107.251 0.305
201906 -0.216 108.070 -0.259
201909 -0.287 108.329 -0.343
201912 -0.414 108.420 -0.494
202003 -0.386 108.902 -0.459
202006 -0.118 108.767 -0.140
202009 -0.097 109.815 -0.114
202012 0.274 109.897 0.323
202103 0.245 111.754 0.284
202106 -0.051 114.631 -0.058
202109 -0.339 115.734 -0.379
202112 0.503 117.630 0.553
202203 0.104 121.301 0.111
202206 -0.310 125.017 -0.321
202209 -0.229 125.227 -0.237
202212 0.276 125.222 0.285
202303 0.685 127.348 0.696
202306 0.520 128.729 0.523
202309 0.286 129.860 0.285
202312 0.853 129.419 0.853
202403 2.131 129.419 2.131

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


Pegasystems  (NAS:PEGA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=60.965/0.9
=67.74

* 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 Pegasystems was 229.23. The lowest was 32.61. And the median was 69.98.


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.


Pegasystems Cyclically Adjusted FCF per Share Related Terms

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


Pegasystems (Pegasystems) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Pegasystems Inc (NAS:PEGA) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
One Main Street, Cambridge, MA, USA, 02142
Founded in 1983, Pegasystems provides a suite of solutions for customer engagement and business process management. The company's key offering is the Pega Infinity platform, which combines business process management, or BPM, with customer relationship management, or CRM, applications. The company focuses on enterprise-size customers, specifically within the financial, insurance, and healthcare verticals.
Executives
Efstathios A Kouninis officer: VP of Finance & CAO 26 GRANDVIEW DRIVE, DOVER NH 03820
Rifat Kerim Akgonul officer: Chief Product Officer ONE ROGERS STREET, CAMBRIDGE MA 02142
Leon Trefler officer: SVP, Global Customer Success 1 MAIN STREET, CAMBRIDGE MA 02142
Kenneth Stillwell officer: CFO, SVP ONE ROGERS STREET, CAMBRDIGE MA 02142
Richard H Jones director C/O PEGASYSTEMS INC, 101 MAIN STREET, CAMBRIDGE MA 02142
John Gerard Higgins officer: Chief, Client &Partner Success C/O PEGASYSTEMS INC., 1 MAIN STREET, CAMBRIDGE MA 02142
Michael R Pyle officer: Senior VP, Engineering C/O PEGASYSTEMS INC, 101 MAIN STREET, CAMBRIGE MA 02142
Christopher Lafond director 56 TOP GALLANT RD, STAMFORD CT 06904
Sharon T Rowlands director 195 BROADWAY, NEW YORK NY 10007
Dianne Ledingham director ONE ROGERS STREET, CAMBRIDGE MA 02142
Larry Weber director C/O MIVA, INC., 5220 SUMMERLIN COMMONS BLVD., SUITE 500, FORT MYERS FL 33907
Douglas I Kra officer: SVP, Global Customer Success 101 MAIN STREET, C/O PEGASYSTEMS INC., CAMBRIDGE MA 02142
Hayden Stafford officer: President ONE ROGERS STREET, CAMBRIDGE MA 02142
Peter Gyenes director 50 WASHINGTON ST, WESBOROUGH MA 012581
Alan Trefler 10 percent owner, officer: C.E.O. & Chairman C/O PEGASYSTEMS INC, 101 MAIN STREET, CAMBRIDGE MA 02142