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Lectra (XPAR:LSS) Cyclically Adjusted FCF per Share : €1.18 (As of Mar. 2024)


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What is Lectra 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.

Lectra's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.615. 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 €1.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lectra's average Cyclically Adjusted FCF Growth Rate was 15.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.50% 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 Lectra was 13.30% per year. The lowest was 3.20% per year. And the median was 7.95% per year.

As of today (2024-05-25), Lectra's current stock price is €33.10. Lectra's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.18. Lectra's Cyclically Adjusted Price-to-FCF of today is 28.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lectra was 48.92. The lowest was 16.67. And the median was 31.51.


Lectra Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lectra'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.

Lectra Cyclically Adjusted FCF per Share Chart

Lectra 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 0.81 0.77 0.88 1.02 1.12

Lectra 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 1.02 1.05 1.09 1.12 1.18

Competitive Comparison of Lectra's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Lectra'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.


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

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

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



Lectra 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, Lectra'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)
=0.615/119.4700*119.4700
=0.615

Current CPI (Mar. 2024) = 119.4700.

Lectra Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.124 100.180 0.148
201409 0.086 99.920 0.103
201412 0.320 99.860 0.383
201503 -0.036 100.170 -0.043
201506 0.153 100.440 0.182
201509 0.340 99.950 0.406
201512 0.222 100.040 0.265
201603 0.119 100.020 0.142
201606 0.105 100.630 0.125
201609 0.286 100.340 0.341
201612 0.240 100.650 0.285
201703 0.431 101.170 0.509
201706 0.068 101.320 0.080
201709 0.107 101.330 0.126
201712 0.430 101.850 0.504
201803 0.071 102.750 0.083
201806 0.139 103.370 0.161
201809 0.054 103.560 0.062
201812 0.400 103.470 0.462
201903 0.364 103.890 0.419
201906 0.134 104.580 0.153
201909 0.212 104.500 0.242
201912 0.612 104.980 0.696
202003 0.154 104.590 0.176
202006 -0.006 104.790 -0.007
202009 0.308 104.550 0.352
202012 0.514 104.960 0.585
202103 0.327 105.750 0.369
202106 0.106 106.340 0.119
202109 0.477 106.810 0.534
202112 0.411 107.850 0.455
202203 0.185 110.490 0.200
202206 0.249 112.550 0.264
202209 0.501 112.740 0.531
202212 0.378 114.160 0.396
202303 0.296 116.790 0.303
202306 0.254 117.650 0.258
202309 0.471 118.260 0.476
202312 0.356 118.390 0.359
202403 0.615 119.470 0.615

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


Lectra  (XPAR:LSS) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=33.10/1.18
=28.05

* 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 Lectra was 48.92. The lowest was 16.67. And the median was 31.51.


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.


Lectra Cyclically Adjusted FCF per Share Related Terms

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


Lectra (XPAR:LSS) Business Description

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16-18, Rue Chalgrin, Paris, FRA, 75016
Lectra is engaged in the design and development of software, CAD/CAM equipment, and associated services designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture products. The company serves fashion and apparel, automotive, and furniture markets, as well as other industries, such as aeronautical, marine and wind power industries. It operates in Europe, the Americas, the Asia-Pacific, and internationally of which the majority of its revenue is derived from the Europe region.

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