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Blackbaud (STU:BNK) Cyclically Adjusted FCF per Share : €2.78 (As of Mar. 2024)


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What is Blackbaud 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.

Blackbaud's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.883. 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 €2.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Blackbaud's average Cyclically Adjusted FCF Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.90% 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 Blackbaud was 9.50% per year. The lowest was 5.80% per year. And the median was 7.80% per year.

As of today (2024-05-25), Blackbaud's current stock price is €73.00. Blackbaud's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.78. Blackbaud's Cyclically Adjusted Price-to-FCF of today is 26.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Blackbaud was 60.08. The lowest was 15.14. And the median was 30.68.


Blackbaud Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Blackbaud'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.

Blackbaud Cyclically Adjusted FCF per Share Chart

Blackbaud 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 1.91 1.80 2.29 2.65 2.66

Blackbaud 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 2.64 2.63 2.86 2.66 2.78

Competitive Comparison of Blackbaud's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Blackbaud'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.


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

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

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



Blackbaud 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, Blackbaud'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)
=0.883/131.7762*131.7762
=0.883

Current CPI (Mar. 2024) = 131.7762.

Blackbaud Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.481 100.560 0.630
201409 0.593 100.428 0.778
201412 0.414 99.070 0.551
201503 -0.028 99.621 -0.037
201506 0.672 100.684 0.880
201509 0.583 100.392 0.765
201512 0.609 99.792 0.804
201603 -0.131 100.470 -0.172
201606 0.582 101.688 0.754
201609 0.782 101.861 1.012
201612 0.878 101.863 1.136
201703 0.068 102.862 0.087
201706 0.594 103.349 0.757
201709 1.036 104.136 1.311
201712 0.763 104.011 0.967
201803 -0.019 105.290 -0.024
201806 0.741 106.317 0.918
201809 1.029 106.507 1.273
201812 0.930 105.998 1.156
201903 -0.419 107.251 -0.515
201906 0.698 108.070 0.851
201909 1.171 108.329 1.424
201912 0.854 108.420 1.038
202003 -0.715 108.902 -0.865
202006 0.885 108.767 1.072
202009 0.719 109.815 0.863
202012 0.416 109.897 0.499
202103 0.307 111.754 0.362
202106 0.970 114.631 1.115
202109 1.019 115.734 1.160
202112 0.546 117.630 0.612
202203 0.134 121.301 0.146
202206 0.724 125.017 0.763
202209 1.748 125.227 1.839
202212 -0.068 125.222 -0.072
202303 0.116 127.348 0.120
202306 0.637 128.729 0.652
202309 1.916 129.860 1.944
202312 -0.297 129.419 -0.302
202403 0.883 131.776 0.883

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


Blackbaud  (STU:BNK) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=73.00/2.78
=26.26

* 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 Blackbaud was 60.08. The lowest was 15.14. And the median was 30.68.


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.


Blackbaud Cyclically Adjusted FCF per Share Related Terms

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


Blackbaud (STU:BNK) Business Description

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Address
65 Fairchild Street, Charleston, SC, USA, 29492
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside of core fund raising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.

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