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EMC (BSP:EMCC34) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is EMC Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


EMC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for EMC'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.

EMC Cyclically Adjusted Price-to-FCF Chart

EMC Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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EMC Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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Competitive Comparison of EMC's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, EMC'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.


EMC's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



EMC 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.

EMC's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, EMC's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=2.33/101.6881*101.6881
=2.330

Current CPI (Jun. 2016) = 101.6881.

EMC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200609 0.205 85.606 0.244
200612 0.376 85.142 0.449
200703 0.577 86.640 0.677
200706 0.384 87.906 0.444
200709 0.415 87.964 0.480
200712 0.589 88.616 0.676
200803 0.581 90.090 0.656
200806 0.289 92.320 0.318
200809 0.614 92.307 0.676
200812 0.893 88.697 1.024
200903 0.780 89.744 0.884
200906 0.386 91.003 0.431
200909 0.656 91.120 0.732
200912 0.675 91.111 0.753
201003 0.935 91.821 1.035
201006 0.404 91.962 0.447
201009 0.508 92.162 0.561
201012 0.962 92.474 1.058
201103 0.629 94.283 0.678
201106 0.371 95.235 0.396
201109 0.795 95.727 0.845
201112 1.555 95.213 1.661
201203 1.165 96.783 1.224
201206 0.888 96.819 0.933
201209 1.044 97.633 1.087
201212 1.413 96.871 1.483
201303 1.307 98.209 1.353
201306 0.843 98.518 0.870
201309 1.499 98.790 1.543
201312 1.953 98.326 2.020
201403 1.060 99.695 1.081
201406 1.006 100.560 1.017
201409 1.525 100.428 1.544
201412 2.333 99.070 2.395
201503 1.188 99.621 1.213
201506 1.034 100.684 1.044
201509 2.068 100.392 2.095
201512 2.933 99.792 2.989
201603 1.107 100.470 1.120
201606 2.330 101.688 2.330

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.


EMC  (BSP:EMCC34) 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.


EMC Cyclically Adjusted Price-to-FCF Related Terms

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EMC (BSP:EMCC34) Business Description

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EMC Corp is a Massachusetts corporation, incorporated in 1979. The Company together with its subsidiaries supports the businesses and service providers to transform information technology (IT) operations to an as a service model (ITaaS). The Company operates in three segments: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure. The Company's information infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure ever-increasing quantities of information, while at the same time improving business agility, lowering cost and increasing competitive advantage. VMware Virtual Infrastructure provides virtualization infrastructure solutions. Pivotal provides application and data infrastructure software, agile development services and data science consulting. The Company offers a comprehensive portfolio of enterprise storage systems and software - including high-end EMC VMAX and mid-tier EMC VNX unified storage and a portfolio of backup products that support enterprise application workloads. The Company's two additional storage families, EMC Isilon and EMC Atmos, are specifically designed to handle vast quantities of unstructured data. EMC supports a broad range of customers, including service providers, around the world - in every industry, in both public and private sectors, and of sizes ranging from the Fortune 500 to small business and individual consumers. The Company markets its products through direct sales and through multiple distribution channels. It has a direct sales presence throughout North America, Latin America, Europe, the Middle East, South Africa and the Asia Pacific region. The Company also has agreements in place with many partners, including value-added resellers and distributors, cloud service providers, systems integrators, outsourcers, Independent Software Vendors ("ISVs"), and Original Equipment Manufacturers ("OEMs"). The Company competes with many companies in the markets it serve, including companies that offer IT products and services and others that offer specific information storage, protection, security, management and intelligence, data analytics or virtualization products or services.

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